How Has The Computer Vision in Online Food Delivery Services Market Size Evolved In Recent Years?
The online food delivery services market has seen considerable growth due to a variety of factors.
• The size of the market for online food delivery services has seen a quick expansion in the past few years. The market, which was at $156.75 billion in 2024, is projected to reach $173.57 billion in 2025, showing a compound annual growth rate (CAGR) of 10.7%.
The growth experienced in the past can be connected to robust economic progress in developing markets, a surge in internet penetration, and an increase in the accessibility of mobile devices.
What Will Be The Online Food Delivery Services Market Size In The Future?
The online food delivery services market is expected to maintain its strong growth trajectory in upcoming years.
• The market for online food delivery services is projected to experience significant expansion in the upcoming years, with an estimation to reach $277.1 billion in 2029, boasting a compound annual growth rate (CAGR) of 12.4%.
This surge during the forecast timeframe could be credited to factors such as the Internet of Things (IoT), artificial intelligence, a rise in smartphone usage, the Covid-19 pandemic, an expanding workforce, and government policies. The key trends for the forecast period involve partnerships with large tech firms, investments in growth and development, capitalizing on robot and drone technology, initiatives in introducing touch-free delivery options, investment in virtual kitchens and the utilization of autonomous cars for swift and cost-efficient delivery along with the implementation of eco-friendly transport alternatives.
What Are The Primary Growth Drivers In The Online Food Delivery Services Market?
The surge in the number of smartphone users worldwide has significantly bolstered online food delivery services. Smartphone users form the primary customer base for online shopping in the food and beverages sector, indicating a potential growth in online food and beverage shopping with the rise in smartphone users. To illustrate, DemandSage, an American data reporting and analytics solutions provider, reported in July 2023 that 86% of the global population own a smartphone. This translates to approximately 6.8 billion smartphone users internationally by 2023. In the United States, millennials lead in smartphone ownership with a staggering 94.4%. Furthermore, nearly half of the US population spends 5 to 6 hours daily on their smartphones. Therefore, the exponential increase in smartphone users and increased internet accessibility is propelling expansion in the online food delivery services market.
What are the Market Segments in the Online Food Delivery Services Market?
The online food delivery services market covered in this report is segmented –
1) By Type: Platform-To-Consumer, Restaurant-To-Consumer
2) By Channel Type: Websites, Mobile Applications
3) By Payment Method: Cash-On-Delivery, Online Payment
Subsegments:
1) By Platform-To-Consumer: Aggregator Platforms, Direct-To-Consumer Platforms, Meal Kit Delivery Services
2) By Restaurant-To-Consumer: In-House Delivery Services, Third-Party Delivery Services, Subscription Meal Services
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What Trends are Shaping the Online Food Delivery Services Market?
The trend of upgrading the distribution network to a more distributed system, known as Distribution 4.0, is gaining traction in the food delivery services sector. This innovative concept involves suppliers joining forces with multiple stakeholders to ensure the best market coverage across both urban and rural markets. The main focus is on marketing, branding, and in-store merchandising to enhance the shopping experience for customers. Possible partners in this venture include aggregators, e-commerce delivery companies, rural distribution entities, and distribution divisions of modern trade. For instance, e-commerce giant Amazon has declared its intention to collaborate with various small businesses, retail stores, and rural supermarkets to improve its last-mile connectivity. As a result, the Distribution 4.0 trend is projected to positively impact the online food delivery services sector.
Who Are the Key Players in the Online Food Delivery Services Market?
Major companies operating in the online food delivery services market include:
• Uber Technologies. Inc. (Uber Eats)
• Meituan Dianping
• Just Eat Takeaway.com N.V.
• Delivery Hero SE
• Domino's Pizza. Inc.
• DoorDash Inc.
• Deliveroo
• Swiggy
• Zomato
• Foodpanda
• Ele.me
• Baedal Minjok
• Yogiyo
• TESCO (UK)
• Morrisons (UK)
• Glovo
• Tazz
• Gurmandio
• Yandex
• LifeBox
• Fit4you Delivery
• Seamless
• Gopuff
• Instacart
• SkipTheDishes
• TimHortons
• iFood
• 99Food
• Quero Delivery
• Rappi
• Menulog
• Sampa Food Dublin
• Foodak
• Talabat
• Crave App
• Wishbox
• Rafeeq
• Carriage
• Akly
• Eateasy
• Careem Now
• Fingertips
• SoFresh
• Mr D Food
• UCook
• Orderin
• Jumia Food
• Yum Deliveries
• Areachops
• Homechow
• The Flying Pan
What are the Regional Insights into the Online Food Delivery Services Market?
Western Europe was the largest region in the online food delivery services market in 2024. Asia-Pacific was the second largest region in the global online food delivery services market report. The regions covered in the online food delivery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
