Global Online food delivery services market

Online Food Delivery Services Market Size, Share, Growth Analysis, By Type(Restaurant-to-Consumer, Platform-to-Consumer), By Channel Type(Websites/Desktop, Mobile Applications), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45E2185 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 75

Online Food Delivery Services Market Insights

Online Food Delivery Services Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 18.7% during the forecast period (2025-2032).

The market for online food delivery services has transformed in the digital age, going through a period of significant growth and changing the way consumers avail dining options. The easy access to a diverse range of cuisines and restaurant options browsed on digital platforms and mobile apps has led consumers to support market expansion.

Evolving lifestyles have propelled market growth. Consumers seek the convenience of having restaurant-quality food delivered to their homes. The market demand has risen as smartphone usage has increased and internet accessibility has surged. This has made it easier to order and track food deliveries. The lockdowns and social distancing measures that were established during the COVID-19 pandemic bolstered the adoption of online food delivery services.

There is intense competition in the market. Many firms are fighting for market supremacy, from multinational behemoths to regional and local platforms. Through these platforms, patrons can access a vast array of eateries that cater to different tastes and budgets. In addition, new inventions that capitalize on the trend by specializing in meal delivery, including cloud kitchens, have surfaced.

Food safety, sustainability, and profitability are some of the other issues the industry must deal with. Delivery logistics can be tricky, and fierce competition frequently results in price wars that reduce business margins. The industry is being pushed to look toward eco-friendly solutions by sustainability worries about delivery emissions and packaging. The market for online meal delivery services is predicted to increase despite these obstacles due to changing consumer tastes and continuous technology developments.

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FAQs

Online Food Delivery Services Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 18.7% during the forecast period (2025-2032).

The online food delivery services market’s competitive environment is made up of industry participants striving to gain market share. Market leaders consisted of Grubhub, DoorDash, and UberEats, among others. These companies, along with regionally dominant platforms, were at the top of the market. 'Grubhub (now part of Just Eat Takeaway.com)', 'Swiggy', 'UberEats (Uber)', 'Zomato', 'Deliveroo', 'Ele.me (Alibaba Group)', 'Just Eat Takeaway.com', 'Meituan Dianping', 'DoorDash', 'Foodpanda (Delivery Hero)', 'Caviar (Square, Inc.)', 'UberEats Pass (Uber)', 'Rappi', 'Postmates (Uber)', 'SkipTheDishes (Just Eat Takeaway.com)', 'Seamless (Grubhub)', 'GoPuff', 'Glovo', 'DoorDash Drive', 'UberRUSH (Uber)'

The market’s growth has resulted from one major driver. Consumers opt to order food online as digital transformation has made it more convenient. Thanks to smartphones, whose usage has gone up in recent times, and widespread internet access, food delivery has been made much easier.

Ghost Kitchens and Cloud Kitchens: Cloud kitchens, a.k.a ghost kitchens or virtual kitchens have risen in popularity. This is a notable trend in the online food delivery services market. These facilities only cater to online food orders. These ghost kitchens don’t need maintenance like traditional dine-in areas, thus reducing overhead costs. Restaurants can also diversify their delivery services with the help of this trend.

The United States has largely contributed to market growth in North America, which holds the top position in the market. The U.S. has been there since day one in the revolution of online food delivery. The country houses many major market participants. They include DoorDash, UberEats, and Grubhub. Other factors that have cemented the region’s supremacy in the market are busy lifestyles, tech-savvy population, and a flourishing food service industry.

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Global Online food delivery services market

Report ID: SQMIG45E2185

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