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Report Overview
The global online food delivery market reached approximately USD 148.07 billion in 2023. The market is assessed to grow at a CAGR of 13.2% between 2024 and 2032 to attain a value of around USD 451.92 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Online Food Delivery Market Growth
The rapid emergence of major online food delivery service giants across the urban areas is likely to bolster the online food delivery market growth. The market is further driven by the convenience of ordering food by these applications, which offer an easy comparison between the menus of several restaurants.
The market is also being bolstered by the enormous variety of food items and different cuisines it offers at the customer's doorstep. The food delivery report also interprets the impact of factors such as the hectic lifestyles and rapid urbanisation, which are leading customers to increasingly choose online food delivery services.
Online Food Delivery Market Report Snapshots
Online Food Delivery Market Size
Online Food Delivery Market Growth
Online Food Delivery Market Trends
Online Food Delivery Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for online food delivery attained a value of around USD 148.07 billion.
The market is expected to grow at a CAGR of 13.2% between 2024 and 2032.
The market is expected to witness a robust growth between 2024 and 2032 to reach a value of about USD 451.92 billion by 2032.
The major drivers of the market are rising disposable incomes, increasing population, rising internet penetrations, growing smartphones sales, and wider choice and convenience offered by online food delivery platforms.
The growing penetration of smart devices and technological advancements in delivery methods like drones are trends that are expected to influence the market positively.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Based on platform, the market is divided into mobile and web applications.
Order focused online food delivery model is the leading business model in the market.
Payment via online channels is the most preferred payment method in the market.
Key players in the market are Uber Technologies Inc., DoorDash, Inc., Delivery Hero SE, Meituan Inc., Just Eat Takeaway.com N.V., Domino's Pizza, Inc., Roofoods Ltd, Yum! Brands Inc., Demae-Can Co., Ltd, Bundl Technologies Private Limited, Zomato Limited, Yandex.Eda, LLC, and Rappi Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124