The Online food delivery services market was valued at US$ 81.56 Bn in 2017 and will be growing at a CAGR of 9.8% during the forecast period from 2018 to 2026.
Market Insights
The online food delivery services market was valued at US$ 81.56 Bn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 9.8% during the forecast period from 2018 to 2026. In recent years, online food delivery has witnessed rapid growth. These platforms allow customers to order food from an array of restaurants with a single tap on their mobile phone. The rise of the digital technology has reshaped the food delivery services market and consumers expect the same convenience and transparency which they are accustomed to while shopping online through apps or websites. Adequate funding and investments in this market space have been one of the most prominent factors aiding the online food delivery services market growth. The popularity of online food delivery services has been mostly the result of the numerous benefit it renders such as doorstep delivery, attractive discounts, rewards & cashback offers, and various payment options.
There lies intense competition amongst the players operating in the online food delivery services market. Often the players in order to thrive in the competitive market are indulged in a discount-driven battle. For instance, it costs Zomato, an Indian restaurant search, discovery and delivers company approximately US$ 20 million as a result of the various discount it offers its customers. However, the same deep discounting approach of the company also helps it to add new members on the platform. The market is also witnessing trends such as robot delivery being trialed by some retailers.
The Asia Pacific expected to register the fastest growth during the forecast period from 2018 to 2026. Higher disposable income, a greater number of people with access to the internet, increased smartphone proliferation and families with Double-Income-No-Kids (DINKS), are some of the most prominent factors aiding the food delivery services market growth in the region.
Key players profiled in the report include UberEats, GrubHub, Deliveroo, Domino’s, Just Eat, Swiggy, Zomato, Food Panda, DoorDash and Pastmates among others.
Current trends in the online food delivery services market:
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Market Insights
The online food delivery services market was valued at US$ 81.56 Bn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 9.8% during the forecast period from 2018 to 2026. In recent years, online food delivery has witnessed rapid growth. These platforms allow customers to order food from an array of restaurants with a single tap on their mobile phone. The rise of the digital technology has reshaped the food delivery services market and consumers expect the same convenience and transparency which they are accustomed to while shopping online through apps or websites. Adequate funding and investments in this market space have been one of the most prominent factors aiding the online food delivery services market growth. The popularity of online food delivery services has been mostly the result of the numerous benefit it renders such as doorstep delivery, attractive discounts, rewards & cashback offers, and various payment options.
There lies intense competition amongst the players operating in the online food delivery services market. Often the players in order to thrive in the competitive market are indulged in a discount-driven battle. For instance, it costs Zomato, an Indian restaurant search, discovery and delivers company approximately US$ 20 million as a result of the various discount it offers its customers. However, the same deep discounting approach of the company also helps it to add new members on the platform. The market is also witnessing trends such as robot delivery being trialed by some retailers.
The Asia Pacific expected to register the fastest growth during the forecast period from 2018 to 2026. Higher disposable income, a greater number of people with access to the internet, increased smartphone proliferation and families with Double-Income-No-Kids (DINKS), are some of the most prominent factors aiding the food delivery services market growth in the region.
Key players profiled in the report include UberEats, GrubHub, Deliveroo, Domino’s, Just Eat, Swiggy, Zomato, Food Panda, DoorDash and Pastmates among others.
Current trends in the online food delivery services market:
- An increasing number of consumers are ordering food online and at a higher frequency
- Technology will play a crucial role in the years to come
- The market will witness fierce competition between in-house and third-party delivery service providers
- Artificial intelligence solutions and drone delivery might be rolled out
- An increasing use of analytics
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Table of Contents
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Online Food Delivery Services Market Analysis, by Delivery Type, 2016 – 2026
Chapter 5 Global Online Food Delivery Services Market Analysis, by Restaurant Type, 2016 – 2026
Chapter 6 North America Online Food Delivery Services Market Analysis, 2016 – 2026
Chapter 7 Europe Online Food Delivery Services Market Analysis, 2016 – 2026
Chapter 8 Asia Pacific Online Food Delivery Services Market Analysis, 2016 – 2026
Chapter 9 Rest of the World (RoW) Online Food Delivery Services Market Analysis, 2016 – 2026
Chapter 10 Company Profiles
List of Figures
List of Tables
Companies Mentioned
- UberEats
- Grubhub
- Deliveroo
- Domino’s
- Just Eat
- Swiggy
- Zomato
- Food Panda
- DoorDash
- Pastmates
