The global online food delivery services market size is expected to grow from $115.11 billion in 2021 to $128.32 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. The online food delivery service market is expected to grow to $159.46 billion in 2026 at a CAGR of 5.6%.
What is the Global Online Food Delivery Services Market?
The online food delivery services market consists of sales of online food delivery services and related services primarily for household consumption. The online food delivery services market includes all companies involved in distributing the packages received from hospitality establishments and have an online portal or an application for their sales. The food can be either ready-to-eat food or food that has to be specially prepared for direct consumption.
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What drives the Global Online Food Delivery Services Market?
An increase in smartphone users has given a boost to online food delivery services worldwide. Smartphone users are the primary online shoppers for the F&B industry and an increase in the number of smartphone users reflects a potential increase in online shopping for food and beverages. The world F&B e-commerce users reached 1.5 billion in 2019 and are expected to grow by 800 million, with an average of 25% y-o-y growth, by 2024. Indian food delivery platform, Zomato, has 80 million monthly active users and has set targets of reaching 20 million over the next few years. Hence increase in smartphone users and internet penetration is driving growth in online food delivery services.
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Global Online Food Delivery Services Market Segments
The global online food delivery services market is segmented:
By Type: Platform-to-Customer, Restaurant-to-Customer
By Channel Type: Websites, Mobile Applications
By Payment Method: Cash on Delivery, Online Payment
By Geography: The regions covered in the online food delivery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Online Food Delivery Services Global Market Report 2022provides market size and growth forecasts for the global online food delivery services market, global online food delivery services market share, online food delivery services market segments and geographies, online food delivery services market competitive landscape including leading competitors’ revenues, profiles and market shares. The online food delivery services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Online Food Delivery Services Industry Playersinclude takeaway.com, Doordash, Deliveroo, Uber eats, Zomato, Swiggy, Domino's pizza, Grubhub, foodpanda, and Just eat. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
