Online Food Delivery Services Market by Type, By Channel Type, By Payment Method and By Region – Global Opportunities & Forecast, 2023-2030
GMI Research analysis indicates that the Online Food Delivery Services Market size was estimated at USD 63.7 Billion in 2022 and is slated to register a single digit CAGR of 19.3% over the forecast period, and is projected to reach USD 261.4 Billion in 2030.
Online Food Delivery Services market Overview
Online food delivery service is a process of ordering and delivering food items to the customers at their doorsteps. Orders can be placed through mobile applications and web-portals of a restaurant directly or through restaurant aggregator apps. Online Food delivery applications allow the consumer to register and uphold an account to make frequent ordering more convenient. Consumers are adopting online food delivery services because of their ease, speed, and convenience.
Major Online Food Delivery Services market Drivers
Online food ordering allows convenient way to ordering the food with easy payment option. Furthermore, increasing working population, hectic lifestyle and the growth of internet and smartphone penetration stands to be some of the major market drivers. For instance, according to GSM Association, by 2025, total number of mobile subscribers will be 5.8 billion (71% of global population). Such factors will further support the market growth.
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Furthermore, technological advancements in food delivery will further support the market growth in the coming years. For instance, one of the key trends being witnessed in the market include the involvement of drones for delivery of food by some of the key players such as Swiggy, Uber Eats among others. For instance, in 2020, Swiggy collaborated with ANRA Technology for drone delivery. In 2021, ANRA received final clearances from the Ministry of Defence (MoD), the Directorate General of Aviation, and the Ministry of Civil Aviation to commence trials for Beyond Visual Line of Sight (BVLOS) operations in India.
Restraint in the Online Food Delivery Services Market
However, improper handling of food packages during delivery can lead to spoilage of food and delay of food delivery. Furthermore, high supply and logistical costs further acts as a market barrier as it increases the food cost.
Type – Segment Analysis
Based on the Type, Platform-to-Consumer Services are expected to grow at higher CAGR rate in the forecast period. Platform to consumer delivery service providers offer delivery service from partner restaurants which do not offer delivery service themselves. Consumers switching to this services for several benefits such as checking menu, compare price, ratings, and review before ordering are key market aggregators. Some of the leading players in the market include Swiggy in India, Uber Eats in US, Ele.me in China, Just Eat in UK and others
Channel Type – Segment Analysis
Based on the Channel Type, Mobile Applications Services segment is expected to grow at a higher CAGR rate in the forecast period. The growth of the segment can be attributed to the rising smartphone penetration with high speed 3G and 4G connectivity. Ease of ordering food through mobile apps stands to be the primary driver as thes
Payment Method – Segment Analysis
Based on the Payment Method, Online payment services are expected to grow at a higher CAGR rate in the forecast period. The growing awareness of digital payment among consumers are transforming the era of real time payments as it offers the benefit of convenience, secure payment and others. Moreover, benefits offered by online payments include attractive discounts, rewards and cashback offer and others.
Regional – Segment Analysis:
Based on the region, the Asia Pacific region is expected to grow at a higher CAGR rate in the forecast period. The rapid rise in the smartphone users in the region and rising penetration of internet due to cheaper rates is boosting the growth in Asia pacific region segment. China stands to be the major market in the region owing to growing population, changing lifestyle and urbanization tends to order online food more frequently. For instance, in 2021, according to China Internet Network Information Centre, the number of total internet users accounted to 1.011 billion and internet penetration rate has reached 71.6%.
Top Market Players
Various notable players operating in the market, include, Zomato, Swiggy, Domino’s pizza, Doordash, Grubhub, Uber eats, Pizza hut, Postmates, Eatfit, Just Eat Takeaway.com, among others.
Key Developments:
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- In 2021, Just Eat completed acquisition of Grubhub to increase its market presence across US, UK, Netherlands, and Germany.
- In 2020, Zomato an Indian online food delivery service provider acquired the Indian operation of Uber Eats.
Segments covered in the Report:
The global Online Food Delivery Services market has been segmented on the basis of Type, Channel Type, Payment Method, and key regions. Based on Type, the market is segmented into Restaurant-to-Consumer, Platform-to-Consumer. Based on Channel Type, the market is segmented into Websites/Desktop, Mobile Applications. Based on Payment Method, the market is segmented into By Payment Method Cash on Delivery, online. Based on key regions market is segmented into Asia Pacific, Europe, North America, and RoW.
|
Report Coverage |
Details |
| Market Revenues (2022) |
USD 63.7 Billion |
| Market Base Year |
2022 |
| Market Forecast Period |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD Billion) |
| Market Segment | By Type, By Channel Type, By Payment Method, By Region |
| Regional Coverage | Asia Pacific, Europe, North America, and RoW |
| Companies Profiled | Zomato, Swiggy, Domino’s pizza, Doordash, Grubhub, Uber eats, Pizza hut, Postmates, Eatfit, Just Eat Takeaway.com, among others; a total of 10 companies covered. |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Online Food Delivery Services Market by Type
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- Restaurant-to-Consumer
- Platform-to-Consumer
Global Online Food Delivery Services Market by Channel Type
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- Websites/Desktop
- Mobile Applications
Global Online Food Delivery Services Market by Payment Method
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- Cash on delivery
- Online
Global Online Food Delivery Services Market by Region
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North America Online Food Delivery Services Market (Option 1: As a part of the free 25% customization)
- By Type
- By Channel Type
- By Payment Method
- US Market All-Up
- Canada Market All-Up
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Europe Online Food Delivery (Option 2: As a part of the free 25% customization)
- By Type
- By Channel Type
- By Payment Method
- UK All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
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Asia-Pacific Online Food Delivery Services Market (Option 3: As a part of the free 25% customization)
- By Type
- By Channel Type
- By Payment Method
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
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RoW Online Food Delivery Services Market (Option 4: As a part of the free 25% customization)
- By Type
- By Channel Type
- By Payment Method
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
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Major Players Operating in the Online Food Delivery Services (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Zomato
- Swiggy
- Domino’s pizza
- Doordash
- Grub hub
- Uber eats
- Pizza hut
- Postmates
- Eatfit,
- Just Eat Takeaway.com
Frequently Asked Question About This Report
Online Food Delivery Services Market [UP1607-001001]
Online Food Delivery Services Market was valued at USD 63.7 Billion in 2022.
Mobile Applications Services segment is expected to grow at a higher CAGR rate in the forecast period. The growth of the segment can be attributed to the rising smartphone penetration with high speed 3G and 4G connectivity.
The significant factor driving the growth of Online Food Delivery Services market include increasing working population, hectic lifestyle and the growth of internet and smartphone penetration.
The prominent players in the Online Food Delivery Services Market include Zomato, Swiggy, Domino's pizza, Doordash, Grubhub, Uber eats, Pizza hut, Postmates, Eatfit, Just Eat Takeaway.com, among others.
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