Online Food Delivery Market: Global Industry Analysis, Trends and Forecast (2023-2029)

Online Food Delivery Market size was valued at US$ 132.80 Bn. in 2022 and the total revenue is expected to grow at 11.2 % through 2023 to 2029, reaching nearly US$ 279.22 Bn.
Online Food Delivery Market Overview:
The process of ordering meals using a website or smartphone application is known as online food delivery. The product might be either ready-to-eat or raw food for direct ingestion. People all throughout the world are increasingly resorting to internet ordering and other low-cost purchase choices. Convenience is the most appealing feature to consumers, as placing an order on mobile devices such as smartphones, tablets, or laptops involves only a few clicks. Food prepared by restaurants, food prepared by individuals, and groceries ordered online and picked up or delivered make up the online meal delivery service market. PizzaHut.com launched its first online meal delivery business in January 1994.

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However, inappropriate handling of food packages during delivery can lead to food deterioration, and delays in food delivery trucks due to traffic rules can also lead to food spoilage, and changes in climatic circumstances might stymie market growth. Despite this, more restaurants are joining online meal delivery services, giving clients more food options and allowing them to select different sorts of cuisine from different restaurants. This may provide more prospects for the worldwide online food delivery services market to flourish further.
In India, Amazon has launched a food delivery service.

Amazon was entered India's online food delivery business on May 21, 2022, just as major local players Swiggy and Zomato downsized their workforce to deal with the coronavirus pandemic, and months after Uber Eats exited the country. Amazon Food, a food delivery service established in select areas of Bangalore by the e-commerce behemoth, has invested more than $6.5 billion in India. The company had planned to introduce the service in India last year, but it was pushed back to March due to the Indian government's statewide stay-at-home order imposed in late March.
Online Food Delivery Market Segment Analysis:
The global Online Food Delivery Market is segmented by Platform Type, Business Model, and Payment Method.

Based on Platform Type, the global market is sub-segmented into Website and Application. The Application segment held the largest market share of xx% in 2022 and it is expected to grow at the highest CAGR of xx% in the global market during the forecast period. Food-delivery apps have grown in popularity over the previous decade. Traditional supper deliveries, as well as breakfast and lunch deliveries, account for 50% of all meal delivery visits. In the last four years, digital orders placed through mobile apps, the Internet, or text messaging have climbed by 23 percent, equating to a $26.8 billion business. The majority of digital meal ordering is done through restaurant apps or third-party food services that allow customers to search for nearby restaurants and menus.

Based on the Payment Method, the global market is sub-segmented into Online Payment and Cash on Delivery. The Online Payment segment held the largest market share of xx% in 2022. E-commerce is also seeing an increase in online food and restaurant delivery services. With a population of over 1.2 billion people, India is indisputably one of the world's largest consumer markets. The key engine for e-transaction growth in the sector of Food Order Delivery has been the shifting of business strategies coupled with transaction processing, increased internet access, and the use of smartphones in emerging economies.
Regional Insights:
North America dominates the global Online Food Delivery Market during the forecast period 2023-2029. North America held the largest market share of xx% in 2022. The rise of the market is being noticed mainly due to the reason of various safety standards, increased consumer awareness, and willingness of the consumers to pay heavily for the premium herbal products.

Asia Pacific is expected to grow at the highest CAGR of xx% in the global online food delivery during the forecast period. In recent years, China has experienced remarkable growth in e-commerce. Longer work and travel times, rapid internet expansion, and increased electronic payment security, as well as an expanding number of restaurants on food delivery apps, are all fueling the growth of the worldwide online food delivery services market in this region. According to Media Research 2021, during the COVID-19 pandemic outbreak, Chinese food joints and catering companies registered on FDA (Food Delivery App) increased by 63.1 percent in China, and 70 percent of the surveyed restaurants will keep operating and invest heavily in FDA.

The objective of the report is to present a comprehensive analysis of the global 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 reports also helps in understanding the global Market dynamic, structure by analyzing the market segments and project the global Online Food Delivery 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 Market make the report investor’s guide.
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Online Food Delivery Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 132.80 Bn.


Forecast Period 2023 to 2029 CAGR:
11.2%
Market Size in 2029:
US $ 279.22 Bn.


 Segments Covered:
by Platform Type
Websites
Applications


by Business Model
Order Focused Food Delivery System
Logistics Based Food Delivery System
Full – Service Food Delivery System


by Payment Method
Online Payment
Cash On Delivery



Online Food Delivery Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. Mr. D Food
2. Ele.me
3. Takeaway.com
4. Postmates Inc.
5. Zomato Pvt. Ltd.
6. Deliveroo
7. DoorDash
8. Just Eat Plc.
9. GrubHub
10. Foodpanda
11. Swiggy
12. Meituan Waimai
13. Bundl Technologies
14. Fasso's
15. Domino's
16. Box8
17. FoodVista India Private Limited
18. Rebel Foods Private Limited
19. Yum! Brands, Inc. Sacco SRL
Frequently Asked Questions:
1. Which region has the largest share in Global Online Food Delivery Market?
Ans: North America region holds the highest share in 2022.

2. What is the growth rate of Global Online Food Delivery Market?
Ans: The Global Online Food Delivery Market is growing at a CAGR of 11.2% during forecasting period 2023-2029.

3. What is scope of the Global Online Food Delivery market report?
Ans: Global Online Food Delivery Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Online Food Delivery market?
Ans: The important key players in the Global Online Food Delivery Market are – Mr. D Food, Ele.me, Takeaway.com, Postmates Inc., Zomato Pvt. Ltd., Deliveroo, DoorDash, Just Eat Plc., GrubHub, Foodpanda, Swiggy, Meituan Waimai,

5. What is the study period of this market?
Ans: The Global Online Food Delivery Market is studied from 2022 to 2029.