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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 Regional Insights
Asia Pacific Online Food Delivery Market Trends
Asia Pacific emerges as a dominant force in the global online food delivery market share, boasting the largest market. The region's growth is fuelled 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 Online Food Delivery Market Growth
North America holds a significant 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 sector 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 industry revenue, supported by the increasing number of students and working professionals opting for online food delivery services.
A survey indicated that over 51% of the U.S. population has used meal delivery services, highlighting the widespread adoption of these platforms. The convenience offered by online food delivery apps has led to nearly 60% of consumers ordering delivery at least once a week.
Europe Online Food Delivery Market Overview
The European market is growing due to the rising popularity of e-commerce and changing consumer habits. A report noted that the UK is one of the largest markets in Europe for online food delivery services, with platforms like Deliveroo and Just Eat dominating the landscape and increasing the online food delivery market opportunities. Deliveroo is currently the most significant player in the UK market, capturing around 50% of the total restaurant base. In contrast, Just Eat and Uber Eats are also key players, with Uber Eats holding a substantial market share in other European countries like France.
Middle East and Africa Online Food Delivery Market Dynamics
The Middle East and Africa are seeing significant growth in online food delivery services due to rising urban populations and changing lifestyles. Countries like the UAE are leading this trend with high smartphone penetration rates that can impact online food delivery demand forecast. A report from Syrve MENA indicated a 10% year-over-year increase in restaurant delivery orders during Q1 2024, following a strong performance in 2023 where residents placed 6% more delivery orders and spent 5% more compared to the previous year. This trend highlights the growing consumer preference for convenient dining solutions.
Latin America Online Food Delivery Market Drivers
The online food delivery sector in Latin America is witnessing growth due to improving internet connectivity and urbanisation. As more consumers gain access to smartphones and reliable internet services, they are increasingly turning to online platforms for meal ordering. Brazil stands as the largest economy in Latin America and is witnessing a significant surge in e-commerce, with a growth rate of 14.3%. Projections indicate that this sector will surpass USD 200 billion by 2026.
Consumers in Brazil have readily adopted the convenience and exclusive promotions frequently available through e-commerce platforms, which is a crucial trend of online food delivery market, thereby presenting online retailers with opportunities to innovate in customer loyalty and engagement strategies.
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