Latin America Online Food Delivery Market Size & Outlook
The online food delivery market in Latin America is expected to reach a projected revenue of US$ 21,722.5 million by 2030. A compound annual growth rate of 8.6% is expected of Latin America online food delivery market from 2025 to 2030.
Latin America online food delivery market highlights
The Latin America online food delivery market generated a revenue of USD 12,917.3 million in 2024.
The market is expected to grow at a CAGR of 8.6% from 2025 to 2030.
In terms of segment, platform to consumer was the largest revenue generating type in 2024.
Platform to Consumer is the most lucrative type segment registering the fastest growth during the forecast period.
Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
Market revenue in 2024
USD 12,917.3 million
Market revenue in 2030
USD 21,722.5 million
Growth rate
8.6% (CAGR from 2025 to 2030)
Largest segment
Platform to consumer
Fastest growing segment
Platform to Consumer
Historical data covered
2018 - 2023
Base year for estimation
2024
Forecast period covered
2025 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Restaurant to Consumer, Platform to Consumer
Key market players worldwide
Delivery Hero SE, DoorDash Inc Ordinary Shares - Class A, Domino's Pizza Inc, Alibaba Group Holding Ltd ADR, McDonald's Corp, Deliveroo PLC, Papa John's International Inc, Yum Brands Inc, Just Eat Takeaway.com NV, Uber Technologies Inc, Zomato, Grubhub, Waiter.com
Other key industry trends
In terms of revenue, Latin America region accounted for 4.5% of the global online food delivery market in 2024.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 222,958.0 million by 2030.
By leveraging technology, online food ordering platforms improved both the consumer and restaurant experience in the region during the forecast period. In February 2023, Rappi, the Colombian-based online delivery and commerce company, launched its services in the city of Resistencia, Argentina.
With this new launch, Rappi would offer a USD 500 gift and 50% discount on the first purchase to the new users. The services would be available in the center of the city.
Additionally, Rappi would provide wide range of services, from the delivery of products from supermarket to restaurants, pharmacies, and courier services.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Online Food Delivery Market Outlook will help companies and investors design strategic landscapes.
Platform To Consumer was the largest segment with a revenue share of 80.07% in 2024.
Horizon Databook has segmented the Latin America online food delivery market based on restaurant to consumer, platform to consumer covering the revenue growth of each sub-segment from 2018 to 2030.
By leveraging technology, online food ordering platforms improved both the consumer and restaurant experience in the region during the forecast period. In February 2023, Rappi, the Colombian-based online delivery and commerce company, launched its services in the city of Resistencia, Argentina.
With this new launch, Rappi would offer a USD 500 gift and 50% discount on the first purchase to the new users. The services would be available in the center of the city.
Additionally, Rappi would provide wide range of services, from the delivery of products from supermarket to restaurants, pharmacies, and courier services.
Latin America Online Food Delivery Market Type Outlook (Revenue, USD Million , 2018-2030)
Restaurant to Consumer
Platform to Consumer
Latin America Online Food Delivery Market Product Type Outlook (Revenue, USD Million , 2018-2030)
Grocery Delivery
Meal Delivery
Latin America Online Food Delivery Market Payment Method Outlook (Revenue, USD Million , 2018-2030)
Online Payment
Cash on Delivery
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Online Food Delivery Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Online Food Delivery Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Online Food Delivery Market, 2018-2030 (US$M)