Food delivery mobile application is a type of application, which helps in the process of ordering food, for delivery or pick up from the website or other application. Online ordering systems generally consists of 2 main components, which includes website or mobile app for hungry customers to view the restaurant's dishes and place an online order, and an admin management interface for the restaurants to receive and manage customers’ orders. It is rapidly adopted by customers as it facilitates easy search of the restaurant's menu, ensures availability, and provides facility of making online payments via credit card, bank transfer, and others.
High internet penetration and increase in adoption of smartphones boost the growth of the global food delivery mobile application market. In addition, changing lifestyle in developing countries positively impacts the growth of the market. However, lack of high-speed connectivity in developing and underdeveloped regions and uncertainty of enterprises in developing their own applications hamper the market growth. On the contrary, rise in investment on digitalization and increase in alliances and collaborations of various restaurants with the application developers are expected to offer remunerative opportunities for expansion of the market during the forecast period.
The food delivery mobile application market is segmented on the basis of deployment platform, end user, and region. By deployment platform, the market is segmented into Android, iOS, and others. By end user, the market is bifurcated into food delivery market place and restaurants & others. On the basis of geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the food delivery mobile application market are Apple Inc., CA, Inc. (Broadcom), Cognizant, Google Inc., IBM Corporation, Mendix, Microsoft Corporation, Red Hat, Inc., SAP SE, and Zoho Corporation Pvt. Ltd.
High internet penetration and increase in adoption of smartphones boost the growth of the global food delivery mobile application market. In addition, changing lifestyle in developing countries positively impacts the growth of the market. However, lack of high-speed connectivity in developing and underdeveloped regions and uncertainty of enterprises in developing their own applications hamper the market growth. On the contrary, rise in investment on digitalization and increase in alliances and collaborations of various restaurants with the application developers are expected to offer remunerative opportunities for expansion of the market during the forecast period.
The food delivery mobile application market is segmented on the basis of deployment platform, end user, and region. By deployment platform, the market is segmented into Android, iOS, and others. By end user, the market is bifurcated into food delivery market place and restaurants & others. On the basis of geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the food delivery mobile application market are Apple Inc., CA, Inc. (Broadcom), Cognizant, Google Inc., IBM Corporation, Mendix, Microsoft Corporation, Red Hat, Inc., SAP SE, and Zoho Corporation Pvt. Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the food delivery mobile application market analysis from 2020 to 2030 to identify the prevailing food delivery mobile application market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the food delivery mobile application market forecast segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global food delivery mobile application market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Deployment Platform
- Android
- Ios
- Others
By End User
- Food Delivery Market Place
- Restaurants Others
By Region
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest Of Asia
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Apple Inc.
- CA, Inc. (Broadcom)
- Cognizant
- Google Inc.
- IBM Corporation
- Mendix
- Microsoft Corporation
- Red Hat, Inc.
- SAP SE
- Zoho Corporation Pvt. Ltd.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FOOD DELIVERY MOBILE APPLICATION MARKET, BY DEPLOYMENT PLATFORM
CHAPTER 5: FOOD DELIVERY MOBILE APPLICATION MARKET, BY END USER
CHAPTER 6: FOOD DELIVERY MOBILE APPLICATION MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Food Delivery Mobile Application Market,' the food delivery mobile application market size was valued at $6,752.32 million in 2020, and is estimated to reach $62,836.97 million by 2030, growing at a CAGR of 25% from 2021 to 2030.Food delivery mobile application is a digital platform that offers a wide range of menus, prices, reviews given by consumers, and delivery of the food. The food delivery mobile application offers significant potential to publicize restaurants, franchises, and fast-food chains in local as well as international markets. It offers cost savings, high profit margins, easy access, better customer management programs, and intense market presence. The food delivery mobile application is a collective approach taken by a middleman operator that offers large number of restaurants, their menus, prices, and other features on a single online portal. Further, these applications allow customers to browse through a large number of options, various discounts, customer loyalty programs, and customer reviews to renovate designs and features of restaurants.
High internet penetration, growing online food delivery and increase in adoption of smartphones boost the growth of the global food delivery mobile application market. In addition, changing lifestyle in developing countries positively impacts the growth of the market. However, lack of high-speed connectivity in developing and underdeveloped regions and uncertainty of enterprises in developing their own applications hamper the market growth. On the contrary, rise in investment on digitalization and increasing alliances and collaborations of various restaurants with the application developers are expected to offer remunerative opportunities for expansion of the market during the forecast period.
Depending on end user, the food delivery market place segment holds the largest market share in the food delivery mobile application market due to strong presence in local markets, less numbers of rivals at a local level, ability to build a large user base, and availability of a wide range of options on a single portal. However, the restaurants & others segment is expected to grow at the highest rate during the forecast period, owing to growing digital presence of restaurants allowing them to display their menu effortlessly with daily specials.
Region-wise, the food delivery mobile application market size was dominated by Asia-Pacific in 2020, and is expected to witness significant growth during the forecast period, owing to rise in adoption of internet connected devices and rapid digitalization by the local governments. In addition, top players in Asia-Pacific have realized the importance of strengthening the overall food delivery mobile application market to ensure competence and effectiveness of the mobile apps.
In the midst of the global COVID-19 outbreak, the advantages of online food delivery (FD) were obvious as it facilitated consumer access to prepared meals and enabled food providers to keep operating. However, following the recovery from the COVID-19 pandemic, the food industry is expected to grow in the next coming years. Various firms globally have implemented a work-from-home culture for their staff, resulting in rise in demand for ready to eat food, which is expected to increase growth in the food delivery mobile application industry.
KEY FINDINGS OF STUDY
- By deployment platform, the android segment accounted for the largest food delivery mobile application market share in 2020.
- Region wise, Asia-Pacific generated the highest revenue in 2020.
- On the basis of end user, the food delivery market place accounted for the largest food delivery mobile application market forecast.
Companies Mentioned
- Apple Inc.
- CA, Inc. (Broadcom)
- Cognizant
- Google Inc.
- IBM Corporation
- Mendix
- Microsoft Corporation
- Red Hat, Inc.
- SAP SE
- Zoho Corporation Pvt. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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