Food Delivery Services Market: Global Industry Analysis and Forecast (2021-2027) by Type, Channel, Payment Method and, Region

Food Delivery Services Market size was valued at US$ 114 Billion in 2020 and the total Food Delivery Services revenue is expected to grow at 10.1% through 2021 to 2027, reaching nearly US$ 223.5 Billion.

Food Delivery Services Market Overview:

Food delivery service is the process of ordering food from a website or other application or by directly calling the restaurant. The product can be either cooked food or food items that are not for direct consumption such as vegetables or fruits. The emergence of user-friendly apps and websites, along with changing customer expectations, has created ready-to-eat food delivery as a major market on the global map. Lockdowns and social-distancing measures in the early stages of the pandemic gave the market an enormous growth opportunity, with food ordering emerging as a lifeline for struggling restaurants. In the forecast period (2021-2027) it is expected to remain a permanent model in the global dining scenario. A steep increase in smartphone users has caused a boost in online food delivery services on a global scale. Smartphone users are the primary consumers of the food & beverages industry and an increase in smartphone users projects a potential growth in online consumerism of food and beverages. Food Delivery Services Market To know about the Research Methodology :- Request Free Sample Report This Food Delivery Services Market research provided a comprehensive analysis of the global Food Delivery Services Market, taking into account all critical variables such as growth factors, limitations, market growth, top investments, prospects, and trends. The research begins by emphasizing the important trends and possibilities that may grow fast and have a favorable influence on overall Food Delivery Services market growth.

Food Delivery Services Market Dynamics:

A major driver in the global food delivery services market is the availability of different restaurants allowing customers to choose from a vast array of them. The increasing number of high-income families, changes in eating patterns and lifestyles are also projected to drive the market growth in the forecast period (2021-2027). A major restraint in the global food delivery services market is the restriction of internet access in rural areas in developing countries like India. As of January 2021, only 59.5% of the earth’s population has internet access. The people (potential consumers) who don’t have internet access obviously can’t use any online food delivery services. This is projected to hamper the global market growth in the aforementioned forecast period. Another key restraint in the global food delivery services market is the cost of supply chain and logistics. This cost includes packaging cost, gas prices along delivery drivers’ salaries. The key opportunity in the global food services market is the benefits, discounts, coupons, and rewards offered by various restaurants and online platforms. Consumers tend to use websites or apps which offer more discounts and rewards on online-ordered food. The more discounts a platform offers; the more customers it attracts. This is expected to impact the global food services market positively.in the same forecast period.

Food Delivery Services Market Segment Analysis:

By Type, the segments are restaurant-to-consumer and platform-to-consumer. Platform-to-consumer segment held the highest share in the global market in the year 2020. This segment is projected to grow at the highest CAGR of 8.9% in the forecast period (2021-2027). The growth of this segment can be attributed to the rise of different food ordering websites and apps like GrubHub and Uber. This segment gained rapid growth during the COVID-19 pandemic because it was one of the only things that helped restaurants to continue their businesses in the global lockdown measures. The restaurant-to-consumer is projected to witness growth in the regions which have low to no internet access so customers prefer to directly call their favorite restaurants and order their food. Food Delivery Services Market 1 By Channel, the segments are websites and mobile applications. Mobile apps held more than half the shares in the global food delivery market in the year 2020. This segment is projected to dominate the global food delivery market in terms of shares in the year 2027. This can be attributed to the rise of different food ordering mobile apps like Zomato and Swiggy. Also, these apps often offer discounts and cashback offers to their customers which is projected to drive the growth of this segment in the forecast period (2021-2027). Food Delivery Services Market 2 By Payment Method, the segments are cash-on-delivery and online mode payment. Online payments held more than half the shares in the global food delivery market in the year 2020. This segment is projected to grow at the highest rate in the aforementioned forecast period. The launch and development of digital payment platforms like PayPal, UPI (Unified Payment Interface), NPCI (National Payments Corporation of India) in countries like India and the US are projected to drive the growth of this segment in the same forecast period. Food Delivery Services Market 3

Food Delivery Services Market Regional Insights:

The Asia-Pacific region dominated the global food delivery services market in the year 2020. China alone was responsible for US$ 51.5 billion worth of revenue in the same year. The growth in food delivery revenue in china was aided by different local food delivery apps in the country like Meituan, Ele. me, Koubei, etc. China was followed by the United States in terms of revenue in the food delivery revenue in the same year with US$ 26 billion. Even though, the European region stood at third place in terms of revenue in 2020; this region is expected to grow at a high CAGR of 7.9% in the forecast period (2021-2027). Food Delivery Services Market 4 China and the United States witnessed over 650 million and 111 million food delivery app users in the year 2020. These numbers are projected to grow in the aforementioned forecast period exponentially with the rise of cheap internet and high disposable income. The launch of apps like Deliveroo and Ubereats in European countries like France, Spain, and Italy caused the food delivery app user number to jump to over 150 million in the year 2020. This ever-increasing number of food delivery app users in this region is projected to drive the global food delivery services market in the forecast period (2021-2027). The objective of the report is to present a comprehensive analysis of the global Food Delivery Services market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Food Delivery Services market dynamics, structure by analyzing the market segments and projecting the global Food Delivery Services market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Food Delivery Services market make the report investor’s guide.

Global Food Delivery Services Market Scope: Inquire before buying

Global Food Delivery Services Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 114 Billion.
Forecast Period 2021 to 2027 CAGR: 10.1 % Market Size in 2027: US $ 223.5 Billion.
Segments Covered: by Type • Restaurant-to-Consumer • Platform-to-Consumer
by Channel • Websites • Mobile Applications
by Payment Method • Cash on Delivery • Online

Global Food Delivery Services Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Food Delivery Services Market Key Players

Postmates Inc. • Foodpanda • Ele. me • Mr. D Food • Takeaway.com • Glovoapp23 SL • Waiter.com • iFood • Rappi • Door Dash • GrubHub • Uber • JustEat • Zomato • Deliveroo • Swiggy

FAQs:

1. Which is the potential market for Food Delivery Services in terms of the region? Ans. The ever-increasing number of food delivery app users in the European region is projected to drive the global food delivery services market in the forecast period (2021-2027). 2. What are the opportunities for new market entrants? Ans. The key opportunity in the global food services market is the benefits, discounts, coupons, and rewards offered by various restaurants and online platforms. 3. What is expected to drive the growth of the Food Delivery Services market in the forecast period (2021-2027)? Ans. A major driver in the global food delivery services market is the availability of different restaurants allowing customers to choose from a vast array of them. 4. What is the projected market size & growth rate of the Food Delivery Services Market? Ans. Food Delivery Services Market size was valued at US$ 114 Billion in 2020 and the total Food Delivery Services revenue is expected to grow at 10.1% through 2021 to 2027, reaching nearly US$ 223.5 Billion. 5. What segments are covered in the Food Delivery Services Market report? Ans. The segments covered in the report are type, channel, payment method and, region.
1. Global Food Delivery Services Market: Research Methodology 2. Global Food Delivery Services Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Food Delivery Services Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Food Delivery Services Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Food Delivery Services Market Segmentation 4.1 Global Food Delivery Services Market, by Type (2020-2027) • Restaurant-to-Consumer • Platform-to-Consumer 4.2 Global Food Delivery Services Market, by Channel (2020-2027) • Websites • Mobile Applications 4.3 Global Food Delivery Services Market, by Payment Method (2020-2027) • Cash on Delivery • Online 5. North America Food Delivery Services Market(2020-2027) 5.1 Global Food Delivery Services Market, by Type (2020-2027) • Restaurant-to-Consumer • Platform-to-Consumer 5.2 Global Food Delivery Services Market, by Channel (2020-2027) • Websites • Mobile Applications 5.3 Global Food Delivery Services Market, by Payment Method (2020-2027) • Cash on Delivery • Online 5.4 North America Food Delivery Services Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Food Delivery Services Market (2020-2027) 6.1. Asia Pacific Food Delivery Services Market, by Type (2020-2027) 6.2. Asia Pacific Food Delivery Services Market, by Channel (2020-2027) 6.2. Asia Pacific Food Delivery Services Market, by Payment Method (2020-2027) 6.2. Asia Pacific Food Delivery Services Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Food Delivery Services Market (2020-2027) 7.1 Middle East and Africa Food Delivery Services Market, by Type (2020-2027) 7.2. Middle East and Africa Food Delivery Services Market, by Channel (2020-2027) 7.2. Middle East and Africa Food Delivery Services Market, by Payment Method (2020-2027) 7.4. Middle East and Africa Food Delivery Services Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Food Delivery Services Market (2020-2027) 8.1. Latin America Food Delivery Services Market, by Type (2020-2027) 8.2. Latin America Food Delivery Services Market, by Channel (2020-2027) 8.2. Latin America Food Delivery Services Market, by Payment Method (2020-2027) 8.4 Latin America Food Delivery Services Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Food Delivery Services Market (2020-2027) 9.1. European Food Delivery Services Market, by Type (2020-2027) 9.2. European Food Delivery Services Market, by Channel (2020-2027) 9.3. European Food Delivery Services Market, by Payment Method (2020-2027) 9.4. European Food Delivery Services Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1 Postmates Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Foodpanda 10.3 Ele.me 10.4 Mr. D Food 10.5 Takeaway.com 10.6 Glovoapp23 SL 10.7 Waiter.com 10.8 iFood 10.9 Rappi 10.10 Door Dash 10.11 GrubHub 10.12 Uber 10.13 JustEat 10.14 Zomato 10.15 Deliveroo 10.16 Swiggy

About This Report

Report ID 112152
Category Food & Beverages
Published Date Jul 2021
Updated Date Dec 2021
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