The global online food delivery market size reached US$ 106.1 Billion in 2021. Online food delivery is the process of ordering food from a restaurant through a payment gateway, mobile application or webpage. These apps and web pages are connected to different food cooperatives or restaurants, enabling consumers to receive food items at their doorstep. They also provide convenient payment options such as cash on delivery (COD), contactless payment, net banking, e-wallets, mobile payment, digital payment, debit and credit cards, and attractive discounts to users. Owing to these benefits, online food delivery apps are gaining widespread traction across the globe.
As per the analysis by IMARC Group, the top online food delivery companies are introducing contactless delivery services to ensure that the food reaches the customer without being touched by bare hands and is delivered safely with adequate social distancing measures. They are also engaging in mergers and acquisitions (M&As) and facility expansion to strengthen their foothold in the market. For instance, Swiggy expanded its operations by introducing services in 16 new cities, along with the existing 28 cities in India. Moreover, Delivery Hero acquired Hugo’s food and grocery delivery verticals in 2021 to expand its footprint in Central America and the Caribbean. Besides this, several leading players are experimenting with innovative food delivery methods via self-driving cars, drones, and robots. Looking forward, IMARC Group expects the market value to reach US$ 223.7 Billion by 2027, expanding at a CAGR of 11.44% during the forecast period (2022-2027).
Download your Global Online Food Deliver Market Report Request Sample for Free: https://www.imarcgroup.com/online-food-delivery-market/requestsample
List of Top Online Food Delivery Companies:
Just Eat Takeaway.com
Headquarters: Amsterdam, the Netherlands
Just Eat Takeaway.com is a leading global online food delivery marketplace, connecting consumers and restaurants through its platforms. It was created through the merger of the world’s two most successful food delivery firms: Take away.com and Just Eat. The company has about 5,80,000 participating restaurants, a majority of which are situated in the United Kingdom. It operates across 21 countries, including Belgium, Brazil, Canada, Denmark, France, India, Ireland, Italy, the Netherlands, Norway, Spain, Switzerland, and the United Kingdom. The company has also recently acquired Grubhub Inc., a Chicago-based online and mobile platform for pick-up and delivery orders.
Delivery Hero SE
Headquarters: Berlin, Germany
Delivery Hero SE is a multinational online food ordering and delivery service. At present, the company is operating in around 50 countries across Europe, the Middle East, North Africa, Asia, and the United States and has more than 290,000 partners with over 19,000 employees. Besides food delivery, Delivery Hero has also emerged as a leading player in the emerging category of quick commerce, which delivers small batch orders in under an hour. The company also acquired Foodpanda, a well-known online food delivery platform that operates in over 40 countries and 500 cities across five continents.
Headquarters: London, the United Kingdom
Deliveroo is an online food delivery platform that allows consumers to order food from partner restaurants. It is available in 200 cities across Germany, Belgium, France, Spain, Italy, Australia, Singapore, Ireland, Hong Kong, Taiwan, the UK, the Netherlands, Kuwait, and the United Arab Emirates (UAE). The company also owns Deliveroo Editions, which is presently growing a network of ghost kitchens that are located off-site from restaurants to prepare delivery-only meals. In addition, Deliveroo has recently launched Deliveroo Plus, a subscription service using which users can get free deliveries across the United Kingdom.
Headquarters: Hangzhou, China
Alibaba Group was founded by 18 people, led by Jack Ma, a former English teacher from Hangzhou, China. The founders started the company to champion small businesses in the belief that the Internet would level the playing field by enabling small enterprises to leverage innovation and technology to grow and compete more effectively in domestic and global economies. Alibaba Group across the world reached approximately 1.31 Billion for the 12 months ended March 31, 2022.
Headquarters: Beijing, China
Meituan Waimai is an online food delivery service with more than 180 million monthly active users. Along with delivering international cuisines ranging from specific fast-food partners, such as Pizza Hut and KFC and local favorites like barbecue and hot pot, the company also delivers soda drinks, fresh fruits, pharmacy items, and supermarket groceries to the user’s doorsteps. In 2015, Meituan merged with Dianping to become Meituan-Dianping, which is now one of the world’s largest online and on-demand food delivery platforms with 290 million monthly active users and 600 million registered users.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has successfully done multiple projects in the online food delivery industry and regional India, North America, Nigeria, United States, Vietnam, and China, which has enabled clients to set up and expand their businesses. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development