Global Online Food Delivery Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 60.48 Billion |
 Market Size (Forecast Year) |
USD 222.75 Billion |
 CAGR |
% |
| Major Markets Players |
Global Online Food Delivery Market, By Type (Restaurant-to-Consumer, Platform-to-Consumer), Payment Method (Cash on Delivery, Online) - Industry Trends and Forecast to 2031.
Online Food Delivery Market Analysis and Size
The online food delivery market is rapidly expanding, driven by convenience, urbanization, and technology. Dominated by key players such as Uber Eats, DoorDash, and Deliveroo, it's characterized by fierce competition, aggressive marketing, and evolving consumer preferences. The market is projected to continue growing globally, fueled by digitalization and changing lifestyles, with innovations such as drone delivery and meal subscription services shaping its future.
Global online food delivery market was valued at USD 60.48 billion in 2023 and is expected to reach USD 222.75 billion by 2031, registering a CAGR of 17.7% during the forecast period of 2024-2031. “Online” segment dominate the market due to its convenience, wide variety of choices, and the ease of ordering from the comfort of one's home or office, appealing particularly to busy urban consumers seeking quick and hassle-free meal solutions. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2024 to 2031 |
|
Base Year |
2023 |
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Historic Years |
2022 (Customizable to 2016-2021) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Restaurant-to-Consumer, Platform-to-Consumer), Payment Method (Cash on Delivery, Online) |
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Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa |
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Market Players Covered |
Delivery Hero SE (Germany), Grab Holdings Inc. (Singapore), Just Eat Holding Limited (U.K.), Demae-Can Co., Ltd (Japan), Uber Technologies Inc. (U.S.), Roofoods Ltd (Deliveroo) (U.K.), Yum! Brands Inc. (U.S.), Delivery.com, LLC (U.S.), Domino's Pizza, Inc. (U.S.) among others |
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Market Opportunities |
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Market Definition
Online food delivery refers to the process of ordering food from restaurants or food establishments through digital platforms such as websites or mobile applications. Customers browse menus, select items, specify delivery preferences, and complete transactions online. Once the order is placed, it is typically fulfilled by the restaurant and delivered to the customer's specified location by delivery personnel or third-party delivery services. This method of food delivery offers convenience, choice, and often real-time tracking options for customers, while also providing restaurants with opportunities to reach a broader customer base and streamline their delivery operations.
Online Food Delivery Market Dynamics
Drivers
- Consumer Convenience “Hassle-Free Delivery Solution”
Online food delivery platforms provide a hassle-free solution for busy individuals craving restaurant-quality meals without the hassle of cooking or leaving their homes. This unparalleled convenience fuels the steady growth of the global online food delivery market as more consumers opt for the ease and simplicity of ordering food with just a few taps on their smartphones.
- Technological Advancements in Online Food Delivery Landscape
The relentless march of technology continuously transforms the online food delivery landscape. From sophisticated AI algorithms powering personalized recommendations to seamless mobile apps offering intuitive user interfaces, technological advancements enhance every aspect of the customer experience. These innovations not only attract more users but also improve retention rates, driving the expansion of online food delivery platforms worldwide.
Opportunities
- Opportunity for Market Expansion
As urbanization accelerates and digital connectivity reaches even the remotest corners of the globe, emerging economies present lucrative opportunities for online food delivery services. With a rising middle class and increasing disposable incomes, there is a growing demand for convenient dining solutions. Expanding into these untapped markets allows platforms to capture new customers and establish themselves as key players in the global food delivery ecosystem.
- Diversification of Services
Beyond traditional meal delivery, there is a vast array of ancillary services waiting to be explored. From grocery delivery to meal kit subscriptions and even virtual kitchens, diversifying offerings allows platforms to cater to a broader range of consumer needs. By expanding their service portfolio, online food delivery companies can unlock additional revenue streams and solidify their position in the market.
Restraint/challenge
- Stringent Regulatory Challenges
The online food delivery industry operates within a complex web of regulations and legal frameworks that vary from region to region. Issues such as labor practices, commission fees, and food safety standards often come under regulatory scrutiny, posing significant challenges for platforms.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
Recent Development
- In October 2021, Uber Technologies Inc. acquired Drizly, initiating the integration of their complementary delivery apps and services. The purchase consideration amounted to approximately USD 1.1 billion, encompassing roughly 18.7 million newly issued shares of Uber common stock in addition to cash. This strategic move facilitated synergies between Uber's expansive platform and Drizly's specialized alcohol delivery service, broadening Uber's market reach and enhancing its offerings to customers
Online Food Delivery Market Scope
The market is segmented on the basis of type and payment method. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Restaurant-to-Consumer
- Platform-to-Consumer
Payment Method
- Cash on Delivery
- Online
Online Food Delivery Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, type, and payment method as referenced above.
The countries covered in the market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates and is the fastest growing region in the global online food delivery market is primarily can be attributed to its vast population, high urbanization rates, and the rapid adoption of digital technologies, creating a fertile ground for the growth of online food delivery services..
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Online Food Delivery Market Share Analysis
The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the market are:
- Delivery Hero SE (Germany)
- Grab Holdings Inc. (Singapore)
- Just Eat Holding Limited (U.K.)
- Demae-Can Co., Ltd (Japan)
- Uber Technologies Inc. (U.S.)
- Roofoods Ltd (Deliveroo) (U.K.)
- Yum! Brands Inc. (U.S.)
- Delivery.com, LLC (U.S.)
- Domino's Pizza, Inc. (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
