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Report Overview
The global online food delivery market value reached around USD 148.07 Billion in 2023 due to the increasing adoption of smartphones and the internet, which have made ordering food more accessible and convenient for consumers. Platforms like DoorDash and Uber Eats have capitalised on this trend by offering user-friendly apps that allow customers to order from a wide variety of restaurants with just a few taps. As a result, the industry is expected to grow at a CAGR of 13.20% during the forecast period of 2024-2032 to attain a value of USD 451.94 Billion by 2032. The rise of ghost kitchens has further fuelled market growth.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- French fries are the most popular food to order online in the US, followed by burgers, tacos, salad, and pizza. This trend highlights consumer preferences for comfort foods that are easily transportable and maintain quality during delivery. The popularity of these items not only influences restaurant menus but also shapes marketing strategies for food delivery platforms. As the market grows, restaurants are increasingly leveraging data analytics to optimise their offerings based on consumer ordering patterns, leading to online food delivery market development.
- Eighty-six percent of Americans have ordered food delivery at least once a month, with 38% ordering via a food delivery app as of March 2020. This statistic underscores the growing acceptance of food delivery as a regular dining option among consumers. The convenience offered by mobile applications has revolutionided how people order food, making it easier than ever to access a wide variety of cuisines from the comfort of their homes. As smartphone penetration continues to rise, along with improvements in internet connectivity, the online food delivery market is expected to expand further.
- As per industry reports, DoorDash leads the food delivery market in the US with a 67% market share, followed by UberEats and Grubhub. This dominance reflects DoorDash's strategic partnerships with a vast network of restaurants and its focus on enhancing customer experience through user-friendly technology.
Online Food Delivery Market Trends
Innovations like integration of IoT (Internet of Things) and voice commands are making the delivery process even more convenient for consumers, as they can now order food through voice commands on devices like Amazon Alexa and Google Home and track their orders in real-time, further increasing online food delivery market value.
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. Various cities and states have implemented commission caps to protect small and independent restaurants from high fees charged by delivery platforms. For instance, San Francisco capped commission fees at 15% for independent businesses in response to concerns about high costs disproportionately affecting smaller establishments. Similar measures have been adopted in New Jersey and other locations, aiming to create a more equitable environment for restaurants reliant on 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 market reached an approximate value of USD 148.07 Billion.
The market is assessed to grow at a CAGR of 13.20% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 451.94 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
+61-448-061-727
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.
+63-287-899-028, +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
+84-865-399-124