• Home
  • |
  • Press Release
  • |
  • Global Online Food Delivery Market Stimulated by Development of User-Friendly Applications

Global Online Food Delivery Market to Grow at 9.7% During 2024-2032, Supported by Rising Demand for RTE Products

December 31, 2021 | Transportation and Logistics

According to the latest report by IMARC Group, titled “Online Food Delivery Market Report by Platform Type (Mobile Applications, Website), Business Model (Order Focused Food Delivery System, Logistics Based Food Delivery System, Full-Service Food Delivery System), Payment Method (Online Payment, Cash on Delivery), and Region 2024-2032,” the global online food delivery market size reached US$ 134.9 Billion in 2023. Online food delivery refers to the procedure of placing a food order via online portals and mobile applications. These systems can be categorized into restaurant-to-consumer and platform-to-consumer delivery. Online food delivery applications offer access to single or multiple food establishments based on individual preferences. They also provide flexibility in terms of payment methods, such as cash-on-delivery, net banking, food coupons, and credit/debit cards. Apart from this, these platforms enable consumers to create an account for hassle-free ordering, faster checkout, easier menu comparisons, and minimum human intervention.

Global Online Food Delivery Market Trends:

The steadily increasing working population and their hectic lifestyles are facilitating the demand for ready-to-eat (RTE) food products, which, in turn, is driving the market growth. This is further supported by the proliferation of smartphones, the easy accessibility of high-speed internet, and the launch of user-friendly food applications, which has led to an increase in expenditure on faster food delivery services across the globe. In line with this, the shifting consumer preference toward online food delivery based on the availability of diverse food options, discounts, door-step delivery, and secured payment getaways is acting as another growth-inducing factor. Moreover, these service providers are implementing promotional strategies by identifying recurring consumers and taste patterns, which is catalyzing the market growth. Additionally, the widescale integration of online food delivery platforms with advanced technologies, such as artificial intelligence (AI), the internet of things (IoT), and predictive and big data analytics, for providing a personalized experience, is creating a positive outlook for the market. The outbreak of the coronavirus disease (COVID-19) pandemic has resulted in the growing inclination toward online food delivery services to mitigate the risks of infection, which is propelling the market growth further. Looking forward, the market is expected to grow at a CAGR of 9.7% during 2024-2032.

Market Summary:

  • On the basis of the platform type, mobile applications currently account for the largest share.
  • Based on the business model, the market has been segmented into order focused, logistics-based, and full-service online food delivery systems. At present, order-focused food delivery systems dominate the market.
  • Based on the payment method, the market has been bifurcated into online payment and cash on delivery. Out of these, online payment currently represents the leading payment method.
  • On the geographical front, the market has been segregated into China, North America, Asia Pacific (excluding China), Europe and Rest of the World.
  • The competitive landscape of the market has also been examined, with some of the key players being Deliveroo, Delivery Hero, Ele.me (Alibaba Group), Just Eat Takeaway.com N.V. and Meituan Waimai.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Platform Type, Business Model, Payment Method, Region
Region Covered China, North America, Asia Pacific (excluding China), Europe, Rest of the World
Companies Covered Deliveroo, Delivery Hero, Ele.me (Alibaba Group), Just Eat Takeaway.com N.V. and Meituan Waimai
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Online Food Delivery Market to Grow at 9.7% During 2024-2032, Supported by Rising Demand for RTE Products
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More