Global Online Food Delivery Market Size was valued nearly USD 66.1 billion by 2017 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 17.12% during the forecast period that is 2017-2025. Online food ordering services has opened up opportunities for various small and medium restaurants to develop their businesses by expanding customer reach, thereby, improving food choices for the customers. Moreover, by joining hands with the leading delivery partners, it has become easier for the small and medium eateries to omit their cost of delivery services. The online food delivery market is anticipated to grow over a noticeable CAGR over the forecast period owing to factors such as ease of convenience in placing food orders, safer payment options and quicker delivery option.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global online food delivery market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global online food delivery market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Market Dynamics

Mobile app for food ordering is the underlying driver in the market for both restaurants owned service or order delivery cooperative services. It connects the customer with multiple food branches across the regions with multiple payment options such as net banking, cash on delivery or through other third party payment options. Additionally, several promotional schemes offered by these companies such as discounts further helps in inducing customers to opt for online food ordering.

Additionally, with ongoing listing of different restaurants through multiple online delivery apps, the demand for online food delivery market is expected to increase. For instance, fast chain restaurants such as Chipotle are expanding its delivery partnership with Doordash. The restaurant chain witnessed around 700% increase in delivery orders, a week after its partnership with Doordash when it started offering free delivery on orders above $10. Furthermore, increasing working population and growing urbanization is playing a major growth driver as people are opting for ordering food online rather than eating outside to save time. Such factors are expected to play a key role in the growth of the online food delivery market.

By Online Food Delivery Type Insights: On the basis of online food delivery, the market is segmented into restaurant-owned services and order delivery service providers. Order delivery services providers is anticipated to have a significant share in the market which is largely attributed to the rising prevalence for the only food delivery services due to its accessibility and convenience. Companies such as FatBrands generates over 16% of the sales through multiple online food delivery service providers such as DoorDash, Postmates, Uber Eats, GrubHub among others. Additionally, it also allows its customers to compare prices and menus from different restaurants, thus offering wider options.

However, many restaurants also provide their food delivery services through their website and apps. These restaurants offer exclusive deals and other promotional offers through own online services, thereby inducing customers to place an order through own channels. However, owing to increasing market competition, many restaurants such as KFC and McDonalds provide options for placing orders through multiple sources, be it through their own services or partnerships with other delivery services.

Regional Analysis

The global online food delivery market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is anticipated to dominant the global online food delivery market over the projected period majorly owing to high consumer awareness, better technological connectivity and ease of access and operations coupled with the growing number of eateries. Furthermore, the trend of casual dining has witnessed a decline in the country whereby consumers are increasingly opting of online delivery services to substitute casual dining experiences. Casual dining restaurants such as Applebee’s, Chili’s, and Ruby Tuesday’s witnessed decline in sales by over 7%, 3.2%, and 15% respectively in 2017.  Some of the key players in the market include JUST EATS, UberEATS, Amazon Prime Now, Skip the Dishes, Seamless, EAT 24 and several others.

Global Online Food Delivery Market Size, Share Analysis By Region 2017

Asia Pacific region, particularly China is anticipated to have substantial growth during the forecast period. Increasing working population and changing lifestyle of people has elevated the growth of ordering online food. It has been witnessed that over 300 million users had order food online in 2017 with majority of the target population being the younger population. In China, Ele.me and Meituan Waimai stands to be the leading online food delivery companies operating in the market. With the online food delivery still contributing a small portion of the catering industry in the country and with growing expansion in smaller cities, the market for online food delivery in the country is expected to witness a high growth during the forecast period.

Other than this, high growth demand from the Indian market is further expected to boost the online food delivery market. Leading players such as Swiggy generates over 17 million orders per month followed by Zomato with around 13 million orders per month. Growing presence of the leading players such as Swiggy, Foodpanda, UberEats, Zomato in smaller cities is further expected to create new revenue streams for these companies. For instance, in September 2018, Swiggy launched its services in eight new tier 2 and tier 3 cities and has partnered with over 1200 restaurants for its expansion. 

Global Online Food Delivery Market Study Objective

1. To forecast the market size of online food delivery market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of online food order market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of online food delivery market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of online food order market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the online food order market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Mergers & acquisition, product development, business expansions are some of the undertakings taken by the companies to show their presence and expand its businesses in the global market. For instance, in 2018, Foodpanda, one of the leading food delivery service providers was acquired by Ola in India.  Some of the key leading vendors in the online food delivery market are Foodpanda, Swiggy, UberEATS, Foodler, OrderUp, Zomato, Delivery Hero, Just Eat holding, Deliveroo, GrubHub, DoorDash and others.

Global Online Food Delivery Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.