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Online Food Delivery Services Market

Online Food Delivery Services Market Size, Share & Segmentation by Type (Restaurant-to-Consumer and Platform-to-Consumer), by Channel Type (Websites/Desktop and Mobile Applications), by Payment Method (Cash on Delivery and Online) by Regions and Global Market Forecast 2022-2028

Report Id: SNS/OT/1934 | June 2022 | Region: Global | 125 Pages

Online Food Delivery Services Market Overview:

The Online Food Delivery Services market size was valued at USD 44.21Bn in 2021 and is expected to reach USD 131.91 Bn by 2028, and grow at a CAGR of 16.6 % over the forecast period 2022-2028.

Online food delivery is the process of ordering and delivering meals to clients' homes who have made their orders through various food delivery websites and applications on their computers or smartphones. A consumer will search for a favorite restaurant, choose items from the menu, select a payment method, and complete the transaction. Customers may register and maintain accounts on food delivery apps to make future ordering easier. Online meal delivery is gaining popularity since it helps both customers and food service businesses. Online meal delivery is a service that allows users to order food via a website or application over a digital platform. These systems make ordering meals simple and convenient by building and managing user accounts.

The online food delivery services market consists mostly of sales of online meal delivery services and related services for domestic usage. The online food delivery services industry includes all firms that send packages obtained from hospitality establishments and have an online portal or application for their sales. Food might be ready-to-eat or must be cooked ahead of time for immediate consumption. The food business has changed drastically over the previous decade, especially since the advent of the online delivery model.

MARKET DYNAMICS:

KEY DRIVERS:

  • The increasing number of dual-income households, as well as altering lifestyle and food habits.

  • The increased desire for rapid access to economical food.

  • Online delivery businesses include enticing discounts, incentives and cashback programs, doorstep delivery, and a variety of payment choices.

RESTRAINTS:

  • Restaurants' failure to cater to multiple deliveries and inefficiencies in dealing with bulk

  • When the volume of meal orders is excessive, the quality of the food supplied suffers.

OPPORTUNITY:

  • Rising infrastructure investment in developing economies.

  • The rise of virtual restaurants and delivery-only kitchens is projected to open up new business opportunities.

IMPACT OF COVID-19:

During the 2019 novel coronavirus (COVID-19) pandemic, which saw increased demand for home delivery during government-mandated stay-at-home times, online meal delivery usage skyrocketed. COVID-19's consequences may jeopardize decades of development progress. Companies restarting operations and adjusting to the "new normal" produced by the Coronavirus disease (COVID-19) epidemic are driving growth in food delivery. Previous rigorous containment measures and commercial activity closures caused operating issues for the majority of 2020.

MARKET ESTIMATION:

The online meal delivery services industry is divided into two types: restaurant-to-consumer and platform-to-consumer. The platform-to-consumer category is expected to rise throughout the projection period. The platform-to-consumer approach handles the logistical and resource components of food delivery while also providing shipment services to restaurants without in-house delivery capabilities. In 2021, the restaurant-to-consumer type category held a significant market share. Restaurants handle the shipment component in this approach, while internet meal delivery service companies handle the ordering procedure. In order to penetrate the market, firms using this strategy offer consumers loyalty and subscription programs.

The market for online meal delivery services is divided into two channels: websites/desktop and mobile applications. The mobile apps category is expected to increase throughout the projected period. The segment's expansion may be attributable to rising smartphone adoption as well as technical developments like 3G and 4G networks. In 2021, the website/desktop category held a sizable market share. The rising number of restaurants attempting to enhance foot traffic by developing their online presence through websites can be contributed to the segment's rise.

The market for online meal delivery services is divided into two segments based on payment method: cash on delivery and online payment. Over the projected period, the online payment category is predicted to increase significantly. Payments made via payment portals, net banking, or credit/debit cards are examples of online payment services. In 2021, the cash-on-delivery sector held the biggest market share. The segment's expansion may be ascribed to the fact that many consumers choose to pay in cash since they are concerned about the security of their online payment transactions. Banks, on the other hand, are focused on improving security and providing extra services to customers, which is expected to help transform the situation in the future years.

KEY SEGMENTS:

On The Basis of Type

  • Restaurant-to-Consumer

  • Platform-to-Consumer

On The Basis of Channel Type

  • Websites/Desktop

  • Mobile Applications

On The Basis of Payment Method

  • Cash on Delivery

  • Online

REGIONAL ANALYSIS:

Because of high user penetration rates in the United States, the North American market has a large market share in the worldwide market. It is one of the world's major marketplaces for online meal delivery. It is now the world's largest online meal delivery market. Several reasons are now driving the online meal delivery sector in North America. Significant urban population, busy lifestyles, and rising internet and smartphone penetration are some of the primary variables driving the region's online meal delivery industry development. Furthermore, the United States' enormous young population, which accounts for the majority of the customer base, has aided this expansion. Various online food delivery service providers are experimenting with novel food delivery methods such as self-driving cars, drones, and robots, which is positively impacting the market growth.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players are DoorDash, Just Eat Holding Limited, Swiggy, Takeaway.com, Uber Technologies Inc., Grubhub Holdings Inc., Delivery Hero SE, Deliveroo Plc, Zomato Limited, FoodPanda

Online Food Delivery Services market Report Scope
Report Attributes Details
Market Size in 2021 US$ 44.21 Billion
Market Size by 2028 US$ 131.91 Billion
CAGR CAGR 16.6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Restaurant-to-Consumer and Platform-to-Consumer)
• by Channel Type (Websites/Desktop and Mobile Applications)
• by Payment Method (Cash on Delivery and Online)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles DoorDash, Just Eat Holding Limited, Swiggy, Takeaway.com, Uber Technologies Inc., Grubhub Holdings Inc., Delivery Hero SE, Deliveroo Plc, Zomato Limited, FoodPanda
Key Drivers •The increasing number of dual-income households, as well as altering lifestyle and food habits.
•The increased desire for rapid access to economical food.
Market Restraints •Restaurants' failure to cater to multiple deliveries and inefficiencies in dealing with bulk
•When the volume of meal orders is excessive, the quality of the food supplied suffers.


Frequently Asked Questions (FAQ) :

Ans: - CAGR over the next few years for the Online Food Delivery Services market will be 16.6 %.

Ans: - Restaurants' failure to cater to multiple deliveries and inefficiencies in dealing with bulk and when the volume of meal orders is excessive, the quality of the food supplied suffers.

Ans: - The North American market has a large market share in the worldwide market.

Ans: - The major key players are DoorDash, Just Eat Holding Limited, Swiggy, Takeaway.com, Uber Technologies Inc., Grubhub Holdings Inc., Delivery Hero SE, Deliveroo Plc, Zomato Limited, and FoodPanda.

Ans: - The study includes a comprehensive analysis of Online Food Delivery Services Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Online Food Delivery Services Market Segmentation, by type

8.1 Restaurant-to-Consumer

8.2 Platform-to-Consumer

 

9. Online Food Delivery Services Market Segmentation, by Channel Type

9.1 Websites/Desktop

9.2 Mobile Applications

 

10. Online Food Delivery Services Market Segmentation, by Payment Method

10.1 Cash on Delivery

10.2 Online

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profiles

12.1 DoorDash

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Just-Eat Holding Limited

12.3 Swiggy

12.4 Takeaway.com

12.5 Uber Technologies Inc.

12.6 Grubhub Holdings Inc.

12.7 Delivery Hero SE

12.8 Deliveroo Plc

12.9 Zomato Limited

12.10 FoodPanda

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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