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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Online Food Delivery Market Analysis by Region
Asia Pacific leads the market due to its large base of young working populations seeking ready-to-eat meal options
Asia Pacific emerges as a dominant force in the global online food delivery market, boasting the largest market. The region's growth is fueled by a large base of young working populations with busy lifestyles seeking convenient meal options, including meal delivery services. Local companies like Meituan and Ele.me in China have established efficient logistics, extensive restaurant partnerships, and user-friendly interfaces, driving the regional market growth. The growing middle class in Asia Pacific nations is anticipated to have greater disposable incomes, leading to increased expenditure on meal delivery services.
North America also holds a healthy share in the market, driven by the tech-friendly consumers residing in well-established economies such as the United States and Canada. The US online food delivery market is likely to witness a surge in growth, due to the growing expansion of the active market players. Canada is one of the major contributors in the online food delivery market share, supported by the increasing number of students and working professionals opting for 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
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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