GVR Report cover Online Food Delivery Market Size, Share & Trends Report

Online Food Delivery Market Size, Share & Trends Analysis Report By Type (Platform To Consumer Delivery, Restaurant To Consumer Delivery), By Region, And Segment Forecasts, 2022 - 2028

  • Report ID: GVR-4-68039-942-2
  • Number of Pages: 80
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2020
  • Industry: Technology

Report Overview

The global online food delivery market size was valued at USD 189.70 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.8% from 2022 to 2028. The market is mainly driven by the rising number of smartphone and internet users, coupled with the growing trend toward food delivery mobile applications across the globe. According to the GSMA, in 2019, there were 5.2 billion smartphone connections, and by the end of 2020, it has been predicted that half of the people in the world will have access to mobile internet services. Therefore, the rising number of smartphone and internet users encourages the demand for online food delivery platforms that further contributes to the market growth. The growing trend toward online food delivery mobile apps and growth in the food industry in the emerging economies are other factors that are contributing to the growth of the market. 

U.S. online food delivery market size, by type, 2019 - 2028 (USD Billion)

The expansion of the various food delivery aggregators such as Zomato, Swiggy, and Doordash Inc. further increases online delivery adoption across the globe. Additionally, significant integration of smart AI and smart technology by the food delivery platforms for customer convenience is expected to provide ample growth opportunity to the market. In addition, technological innovations such as food delivery by drones and robots are the latest technology trends in the online food delivery industry that are projected to propel market growth in the near future.

The Covid-19 outbreak positively impacted the market as the adoption of online food delivery platforms increased as millions of people are being asked to stay home to enclose the health crisis. The online food platform became one of the main protagonists during the COVID-19 pandemic. With the COVID-19 pandemic, the online food delivery service providers have witnessed a significant increase in revenue and online orders owing to the increased consumer demand for online food delivery due to restrictions. The restaurants and various food chains increasingly used online food delivery platforms to facilitate both delivery and take-out during the outbreak that further contributes to the market expansion.

Type Insights

The platform to consumer delivery segment held the largest revenue share of over 60.0% in 2021. The growing popularity of various food delivery platform apps such as Deliveroo, Zomato, UberEats, and Grubhub across the globe further contributed to the market growth. Additionally, the rising penetration of smartphones, coupled with the significant development of various advanced food delivery applications, is projected to provide significant growth to the market.

Global online food delivery market share, by type, 2021 (%) 

The restaurant to consumer delivery segment is likely to expand at a significant CAGR of 11.2% over the forecast period. Increasing implementation of in-house delivery systems by large food chains such as Dominos, Pizza Hut, and McDonald's is one of the major factors that propel the market growth during the forecast period. Moreover, the significant partnerships of restaurants with aggregators such as DoorDash and growth in the restaurant industry in the emerging economies are other factors that are propelling the growth of the market.

Regional Insights

Asia Pacific held the largest revenue share of over 35.0% in 2021 and is expected to register the highest CAGR from 2022 to 2028. China, Japan, and India are positively contributing to the growth of the market. The major factors that propel the market growth in the region include the growing retail food industry, rising per capita income, swelling middle-class population, and rising spending on food delivery. Additionally, substantial growth in the penetration of smartphones and the internet in China and India propel the market growth. Moreover, significant expansion in the revenue of food delivery apps such as Zomato, Ele me, Swiggy, and Food Panda will augment the market growth.    

Europe held a significant revenue share in 2021. Well-developed countries such as Germany, the U.K., and France positively contributed to the market revenue. This can be credited to the strong presence of key players such asTakeaway.com Group B.V., Roofoods Limited (Deliveroo), and Delivery Hero SE in the market, and the long-existing demand for online food delivery platforms. Moreover, higher GDP, per capita income, and per capita spending on online food in the European countries provide significant growth to the market.

Key Companies & Market Share Insights

The online food delivery industry is always changing and updating. In order to stay head-on in the market, players tend to launch new strategies more frequently. Market players are focusing on increasing investments in R&D in order to innovate new and attractive solutions for the consumers in the market. Moreover, major players are targeting new regions and demographies to increase the sales of the products by entering the new market solely, collaborating with local restaurants, or acquiring the other online food delivery platforms. Some prominent players in the global online food delivery market include:

  • Doordash Inc.

  • Takeaway.com Group B.V.

  • Roofoods Limited (Deliveroo)

  • Grubhub

  • Delivery Hero SE

  • Uber Technologies Inc.

  • Waiter.com, Inc.

  • Zomato Limited

  • Domino’s Pizza, Inc.

  • Papa John's International, Inc.

  • Ele.me (Ali baba)

  • Pizza Hut

  • McDonald's Corp.

Online Food Delivery Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 215.69 billion

Revenue forecast in 2028

USD 388.74 billion

Growth Rate

CAGR of 10.8% from 2022 to 2028

Base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2022 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Germany; France; U.K.; China; India; Brazil; South Africa

Key companies profiled

Doordash Inc.; Takeaway.com Group B.V.; Roofoods Limited (Deliveroo); Grubhub; Delivery Hero SE; Uber Technologies Inc.; Waiter.com, Inc.; Zomato Limited; Domino’s Pizza, Inc.; Papa John's International, Inc.; Ele.me (Ali Baba); Pizza Hut; McDonald's Corp.

Customization scope

Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For this study, Grand View Research has segmented the global online food delivery market report based on type and region:

  • Type Outlook (Revenue, USD Million, 2017 - 2028)

    • Platform to Consumer Delivery

    • Restaurant to Consumer Delivery

  • Regional Outlook (Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

    • Europe

      • Germany

      • France

      • U.K.

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

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