Online Food Delivery Market of Europe to grow with a double-digit CAGR of 10.7% from 2021 to 2027
On the other hand, online food ordering has increased in Europe. One of the major factors propelling the online food delivery market growth is the rising penetration of internet connections and smart phones, which provide the option to get the food delivered conveniently and quickly. The food delivery market has seen substantial growth over the past few years in Europe. Led by platform-to-consumer services, such as Glovo, Uber Eat, delivery Club, Just Eat, and Deliveroo food delivery has developed from takeaways to anything and everything, adding billions of dollars in potential revenue capture.
How COVID-19 Benefited the European Online Food Delivery Industry
COVID-19 has driven the European online food delivery industry, as millions of people ordered food online in lockdown. The source of appealing, user-friendly apps and tech-enabled driver networks, connected with changing consumer expectations, has unlocked ready-to-eat food delivery as an essential category. Physical-distancing and lockdowns requirements early on in the pandemic gave the category a tremendous boost, with delivery becoming a lifeline for the European hurting restaurant industry.
Europe Online Food Delivery Market Size was USD 36 Billion in 2021
On the basis of platform type, the online food delivery market has been segmented into applications and websites. Food Delivery Mobile Application is a novel platform for restaurants, franchises, and other food-selling proprietors to conveniently provide consumers with a wide range of options through a single online mobile portal. The business of delivering restaurant meals at the consumers' place has improved from a telephone-based ordering system to takeout counters, and now websites and mobile applications.
Furthermore, the mobile application also accepts various payment methods, including debit cards, net banking, credit cards, digital wallets, and (COD) cash on delivery. Long lines, labor costs, errors, and waiting times are all reduced when these methods are used. European customers will be more likely to prefer the online payments method as their knowledge of digital money grows.
Based on segment, online food delivery service includes restaurant-to-consumer delivery and platform-to-consumer delivery. Restaurant-to-consumer delivery includes orders directly by the concerned restaurant, whereas the platform-to-consumer segment involves online delivery services that deliver orders from partner restaurants.
Europe Online Food Delivery Market by Region
Compared to Spain, France, Italy, and the UK have a far larger takeaway industry. UK-based platforms Deliveroo and Just Eat are two significant players in the online food delivery industry. Both act as an intermediate between customers and restaurants, delivering an online platform for ordering meals provided to the home. For instance, Just Eat processes over 100 million orders yearly in the UK, representing the company's largest market.
In Russia, online food delivery increases by choice and availability, allowing customers to order from various food delivery platforms and restaurants with a single click on their mobile phones. The evolution of the online food delivery business that enables customers to order food from restaurants plays a fundamental role in Russia. Mail.ru Group's Delivery Club was Russia's most popular food delivery mobile application.
Competitive Landscape:
The key players operating in the European online food delivery market include Deliveroo, Just Eat, Delivery Hero, Uber Eats, Dominos, Doordash. All the players are launching innovative discounts on their portals to attract more and more customers.
The publisher's latest report Europe Online Food Delivery Market by Segment (Restaurants to customer delivery, Platform to customer delivery), Platform Type (Website, Application), Payment Method (Cash on delivery, Online), Region (Germany, United Kingdom, France, Italy and Russia), Company Analysis (Deliveroo, Just Eat, Delivery Hero, Uber Eats, Dominos, Doordash) provides comprehensive details about Europe Online Food Delivery Industry.
Segment - Market has been covered from 2 viewpoints
1. Restaurants to Customer Delivery
a) User by Segment
b) Average Revenue per User by Segment
c) Penetration Rate
2. Platform to Customer Delivery
a) User by Segment
b) Average Revenue per User by Segment
c) Penetration Rate
Platform Type - Market has been covered from 2 viewpoints
1. Website
2. Application
Payment Method - Market has been covered from 2 viewpoints
1. Cash on delivery
2. Online
Region - Market has been covered from 5 viewpoints
1. Germany
2. United Kingdom
3. France
4. Italy
5. Russia
All companies have been covered into 3 viewpoints
- Overviews
- Recent Developments
- Revenues
Company Analysis
1. Deliveroo
2. Just Eat
3. Delivery Hero
4. Uber Eats
5. Dominos
6. Doordash
What is the estimated value of the Europe Online Food Delivery Market?
What is the growth rate of the Europe Online Food Delivery Market?
What is the forecasted size of the Europe Online Food Delivery Market?
Who are the key companies in the Europe Online Food Delivery Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 130 |
| Published | March 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 36 Billion |
| Forecasted Market Value ( USD | $ 66.2 Billion |
| Compound Annual Growth Rate | 10.7% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 6 |
Table of Contents
Companies Mentioned
- Deliveroo
- Just Eat
- Delivery Hero
- Uber Eats
- Dominos
- Doordash
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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