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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Online Food Delivery Market Trends
To maintain a competitive edge, players are engaging in mergers and acquisitions, such as Zomato's acquisition of Uber Eats' Indian operations and Just Eat's acquisition of Grubhub in the United States. This trend of consolidation is expected to continue as companies seek to expand their reach, improve operational efficiency, and gain a larger online food delivery market share.
Additionally, favourable regulatory policies regarding commission rates charged to restaurants are also contributing to the market's growth. The presence of fewer chains offers greater pricing power, and markets where a small number of food-delivery players carry a significant share are expected to fuel international expansion.
The online food delivery market analysis also shows that online delivery services have fuelled the sale of premium packaged bakery and confectionary, beverage, ready-to-eat meals, and fresh fruits and vegetable products, among others. The emergence of tech-enabled driver networks and user-friendly mobile applications are helping cater to the demands of ready-to-eat food products.
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
Online Food Delivery Companies
Online Food Delivery Market Regional Analysis
*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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