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The global online food delivery market reached a value of US$ 107.4 Billion in 2020.
According to the estimates by IMARC Group, the global online food delivery market is expected to exhibit strong growth during the next five years.
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 applications. Currently, 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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