20/03/2024 21:03 Online Food Delivery Market Analysis [2023-2032] | The Brainy Insights

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Online Food Delivery Market

Home / Information Technology & Semiconductors / Online Food Delivery Market

Online Food Delivery Market Size by Service Type (Platform to Consumer and
Restaurant to Consumer), Channel Type (Mobile Applications and Websites), Payment
Method (Cash on Delivery and Online Payment), Regions, Global Industry Analysis,
Share, Growth, Trends, and Forecast 2023 to 2032
Base Year: 2021 Historical Data: 2019-20

Report ID: TBI-12992 Published Date: Sep, 2023 Pages: 239 Category: Information Technology & Semiconductors Format: PDF

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Summary
Table of Market
Methodology
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Content Segmentation Sample PDF
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The global online food delivery market was valued at USD 216.31 Billion in 2022 and Single User 
grew at a CAGR of 11.92% from 2023 to 2032. The market is expected to reach USD
667.04 Billion by 2032. The increasing demand for online food delivery can be $6899
attributed to the rising use of smartphones and the demand for convenience food. Multiple User 
The increased network connectivity and rising innovation in the software used for
online food delivery applications. $8499
Corporate User 
Market Introduction:
Online meal ordering might be considered the Internet's response to food delivery Buy Now
needs. People increasingly use their Internet connection to place orders from
restaurants with interactive menus, particularly in urban areas and college
campuses. Online meal ordering from a restaurant can happen in a variety of ways. Ask for customization
People access the Internet, visit the restaurant's website, and place orders there
instead of calling for delivery. The company may accept and manage online orders Request Sample
for delivery or takeaway using an online meal ordering platform. Customers place
their orders, make payments, and browse a digital menu via a website or mobile Speak to analyst
app. After receiving the order information via online meal ordering, venues will
prepare the order for delivery or customer pickup. Businesses can also outsource Inquire before buying
these services to a third-party delivery service rather than using their trucks and
drivers. Online food ordering services can help their establishment attract more
clients and increase revenues by providing a new source of income. Flexible Purchase Options
Chapters of your choice
Quantitative Information for
Historical & Forecasted Data
Regional/Country Level Reports
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Recent Development  Competitive Pricing
In October 2021, a significant player, Delivery Hero Group, announced the Our pricing strategy is highly
acquisition of a Danish food delivery organization, Hungry. dk. The acquisition competitive in the market,
has helped Delivery Hero Group to expand their presence in Nordic countries. without compensating on the
quality and the timeline of
Market Dynamics: project delivery
Drivers
Increasing preference for online food delivery: Due to the creation of tech-enabled
driver networks, user-friendly apps, and changing consumer expectations, ready-
to-eat food delivery has grown into a sizable sector. Early in the pandemic, the
implication of the lockdown significantly boosted the market as the volume of
online food ordering increased. It is likely to continue to be a dependable part of
the eating scene in the future. Customers may now get their preferred food
delivered right to their door without sacrificing quality or selling time. The fact that
customers can access a variety of deals, offers, and discounts in one location and
via a single app is the main driving factor. They are optional to go to each
restaurant's website separately.
Restraints:
Lack of infrastructure: Most online food delivery cannot cope with the existing
infrastructure. The reach of many apps varies between specified ranges, and thus,
this serves as a restraint, especially in developing and under-developed companies.
The interventions and services are only partially designed to be equipped in regular
environments. The manufacturers must focus on efficient resource settings that
can be sustainable for the online food delivery industry. Especially in developing
countries with large population bases and congested areas, the operation ability of
autonomous vehicles for food delivery is still a challenge for developers.
Opportunities:
Application of artificial intelligence and big data: Artificial intelligence can make it
much simpler to manage multiple orders at once and assign the best delivery
partners, ensuring that the food is delivered on time. A meal delivery app can
employ advanced AI algorithms to do several analyses to identify the nearby
delivery partners and choose those most likely to deliver the order quickly. This can
be accomplished by verifying the delivery partner's overall rating and prior reviews.
Based on the findings, the AI programme can immediately select the most capable
delivery partner to complete the order more quickly. In recent years, artificial
intelligence has transformed from a science-fiction idea to a genuine technology
with cutting-edge applications in several sectors. Artificial intelligence may be one
of the most useful technologies for the on-demand food delivery sector to engage
clients and increase customer repetition.
Regional segmentation analysis:

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The regions analyzed for the market include North America, Europe, South
America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the most
significant online food delivery market, with a 41.24% market revenue share in 2022.
Asia Pacific region will account for the largest market share with revenue growth.
Nations such as Japan, China, India and South Korea have a tremendous demand
for online food delivery due to several factors such as changing food preferences,
increasing urbanization, rising per capita income and increasing number of online
food delivery platforms. The service providers are investing in the development of
software technology, enhancing the customer experience and thus promoting
online food delivery among younger demographics.

Asia Pacific region Online Food Delivery Market Share in

2022 - 41.24%

Asia P
41.24

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Service Type Segment Analysis
The service type segment is divided into platform to consumer and restaurant to
consumer. The platform-to-consumer segment dominated the market, with a share
of around 68.31% in 2022. The platform-to-consumer delivery niche is centred on
web-based delivery services that offer clients meals from affiliated restaurants.
Thus, these are only sometimes required to do food delivery themselves. In this
instance, the platform manages the delivery procedure, not the restaurants.
Channel Type Segment Analysis
The channel type segment is divided into mobile applications and websites. The
mobile applications segment dominated the market, with a share of around 82.26%
in 2022. Mobile application-based online food delivery portals are easy to use due
to their accessibility. These applications can be easily downloaded on smartphones
and provide various options. With the rise in sales of smartphones, the segment
should register a tremendous growth rate during the forecast.
Payment Method Segment Analysis
The payment method segment is divided into cash on delivery and online payment.
The online payment segment dominated the market, with a share of around 68.31%
in 2022. The hospitals keep different types of Online Food Delivery to treat various
applications. The type of devices and procedures used in the hospitals also
depends upon the condition and underlying diseases of the patient.
Some of the Key Market Players:
DoorDash
Domino's Pizza Inc.
Delivery Hero SE
Ele. me
McDonald's
Grubhub
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Deliveroo
Pizza Hut
Swiggy
Papa John's International, Inc.
Just Eat Takeaway.com
Waiter.com, Inc.
Uber Technologies Inc.
Rappi Inc.
Zomato Ltd.
Meituan Inc.
Roofoods Ltd
Demae-Can Co., Ltd
Yum! Brands Inc.
Bundl Technologies Private Limited
Yandex.Eda, LLC
Report Description:

Attribute Description

Market Size Revenue (USD Billion)

Market size value USD 216.31 Billion

in 2022

Market size value USD 667.04 Billion

in 2032

CAGR (2023 to 11.92%

2032)

Historical data 2019-2021

Base Year 2022

Forecast 2023-2032

Region The regions analyzed for the market are Asia Pacific,
Europe, South America, North America, and Middle East &
Africa. Furthermore, the regions are further analyzed at
the country level.

Segments Service Type, Channel Type and Payment Method

Frequesntly Asked Questions

 What is the market size of global online food delivery market?

As per The Brainy Insights, the size of the online food delivery market was
valued USD 216.31 billion in 2022 to USD 667.04 billion by 2032.

 What is the market growth rate of global online food delivery market?

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 Which region dominates the global online food delivery market?

 Which factor is limiting the growth of the online food delivery market?

 What is the significant driving factor for the online food delivery market?

 Which factor is limiting the growth of the online food delivery market?

 What is an opportunity for the online food delivery market?

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