Online Food Delivery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Online Food Delivery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1120
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Market Overview:

The global online food delivery market size reached US$ 121.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 250.0 Billion by 2028, exhibiting a growth rate (CAGR) of 11.1% during 2023-2028.

Online food delivery is a process of ordering and delivering food items to the customers at their doorsteps who have ordered their food through various food delivery websites and applications by using their computers or smartphones. A customer will search for a favourite restaurant, choose from available items, select the payment method and confirm the order. Food delivery applications allow the consumer to register and uphold an account in order to make frequent ordering more convenient. Online food delivery is gaining popularity among both consumers and food service providers as it is benefiting both. Consumers are adopting online food delivery because of its ease, speed, and precision, while food service providers see the potential for increased revenue, reduced labor expenses and reduced errors.

 

 
 

 

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Over the past few years the trend of online food ordering has been increasing. One of the major factors driving the market growth is the rising penetration of smartphones and internet connections which provide the opportunity to get the food delivered very conveniently and quickly. Online food delivery offers consumers with a wide range of food items available on their smartphones and the convenience of getting it delivered at their doorsteps. Moreover, online food delivery companies provides numerous benefits to foodservice providers as well. One of the biggest advantages of online food delivery are savings in labor since the staff is not tied up on the phone or at the counter. Along with labor savings, other major benefits of online food delivery for foodservice providers include enhanced accuracy of online orders, increased convenience for the guest, simpler order processing, etc. Additionally, online food ordering can also provide food service providers with key customer information that can be useful for making promotional strategies, such as targeted promotions designed to create off-peak demand, specials targeted at particular customer segments, and couponing strategies.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global online food delivery market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on platform type, business model and payment method.

Breakup by Platform Type:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Mobile Applications
  • Website


On the basis of platform type, the market has been segmented into websites and mobile applications. Mobile Applications currently account for a larger share.

Breakup by Business Model:

  • Order Focused Food Delivery System
  • Logistics Based Food Delivery System
  • Full-Service Food Delivery System


Based on the business model, the market has been segmented into order focussed food delivery system, logistics-based food delivery system and full-service online food delivery system. Amongst these, order focused food delivery system accounts for the largest share.

Breakup by Payment Method:

  • Online Payment
  • Cash on Delivery


Based on the payment method, the market has been segmented into online payment and cash on delivery. Amongst these, online payments currently accounts for a higher share.

Breakup by Region:

  • China
  • North America
  • Asia Pacific ( excluding China)
  • Europe
  • Rest of the World


On the basis of region, the market has been divided into China, North America, Asia Pacific (excluding China), Europe and Rest of the World. Amongst these, China has the largest market.

Competitive Landscape:

The competitive landscape and the profiles of key players operating in the global online food delivery market have also been examined in the report. Some of the key players in this market include:

  • Just Eat
  • GrubHub
  • Delivery Hero
  • Deliveroo
  • Takeaway.com
  • Foodpanda
  • Ele.me
  • Meituan Waimai


This report provides a deep insight into the global online food delivery market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global online food delivery market in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
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 Just Eat, GrubHub, Delivery Hero, Deliveroo, Takeaway.com, Foodpanda, Ele.me 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)

Key Questions Answered in This Report

The global online food delivery market reached a value of US$ 121.4 Billion in 2022.

According to the estimates by IMARC Group, the global online food delivery market is expected to exhibit a CAGR of 11.1% during 2023-2028.

The increasing utilization of smartphones, expanding food and beverage (F&B) industry, and the escalating demand for convenient and quick food delivery solutions, represent some of the key drivers for the global online food delivery market.

The rapid integration of online food delivery services with numerous advanced technologies, such as AI, IoT, predictive analytics, etc., represents one of the key trends in the global online food delivery market.

Sudden outbreak of the COVID-19 pandemic had led to the temporary closure of dine-in services across various eateries, thereby propelling the market for online food delivery platforms on a global level.

On the basis of the platform type, the market has been divided into websites and mobile applications. Currently, mobile applications represent the largest market segment.

On the basis of the business model, the market has been bifurcated into order focused food delivery system, logistics-based food delivery system, and full-service food delivery system. Among these, order focused food delivery system holds the majority of the total market share.

On the basis of the payment mode, the market has been divided into online payment and cash on delivery. At present, online payments represent the largest market share.

Region-wise, the market has been classified into China, North America, Asia Pacific (excluding China), Europe, and Rest of the World, where China dominates the global market.

The key companies in the global online food delivery market are Just Eat Holding Limited, Delivery Hero SE, Grubhub Holdings Inc., Deliveroo (Roofoods Ltd), Takeaway.com, Foodpanda GmbH, Meituan Waimai, and Ele.me Inc.

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Online Food Delivery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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