Online Food Delivery Services Market Size, Share, Growth, and Industry Analysis, By Type (Restaurant-to-Consumer & Platform-to-Consumer), By Application (Cash on Delivery & Online), Regional Forecast To 2031

Updated On: 20 November 2023

Online Food Delivery Services Market REPORT OVERVIEW

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The global online food delivery services market size was USD 38730 million in 2021 and is projected to touch USD 162422.24 million by 2031, at a CAGR of 15.2% during the forecast period.

Food delivery is a type of courier service in which a consumer receives food from a restaurant, shop, or independent food delivery business. A popular way to place an order is through a food delivery service, a restaurant or grocery store's website, or a mobile app. The goods are often delivered in boxes or bags and can contain meals, sides, drinks, desserts, or shopping items. In larger cities when residences and restaurants are closer together, the delivery person might ride a bike or a motorized scooter instead of driving a car. Recently, deliveries have also been completed using driverless cars.

Depending on the delivery service, customers can choose to pay online or in person, with cash or a credit card. Frequently, a flat delivery cost is assessed together with the customer's purchase. Depending on the circumstances, there may not always be a delivery fee. For services that deliver food, tips are frequently expected. There may also be a contactless delivery option. Catering and wholesale food service deliveries to restaurants, cafeterias, healthcare institutions, and caterers are other facets of food delivery.

COVID-19 Impact: Increase in Services Leads to Market Distortion

The COVID-19 epidemic undoubtedly posed a challenge for services & advanced materials in some way, resulting in unstable markets, dwindling customer confidence, and disruptions in import and export operations. Owing to COVID-19, food consumption and shopping habits drastically changed. Retailers found it difficult to fill orders as more individuals ordered their groceries online. People began turning to takeout as a result of restaurants remaining closed, increased wait times for online grocery ordering slots, and households getting tired of cooking at home. Online meal delivery businesses had a sharp rise in search popularity as a result, which distorts the online food delivery services market. Numerous of these modifications are having an extended impact. Businesses across all industries are adjusting to these new realities including the services industry—adopt new technology and methods of operation. In addition, production instability and supply chain disruptions have an impact on the expansion of the online food delivery services industry. With continuously growing sector across the globe the demand for the product is also growing rapidly and related equipment to support the operations. Demand rate of online food delivery services industry is expected to grow in traction during the forecast period.

LATEST TRENDS

"Quick Access of Food to Boost the Market Growth"

The rowing online food delivery services are the main trend which is boosting the market. Ordering food and other items with just one click has become quite simple, becoming the new craze. The market has shown tremendous growth in recent years due to the rise in demand for numerous culinary apps. The overall requirement for the product is growing as a result of COVID-19, and the service's demand is at an all-time high because to its affordable and convenient features. The requirement and desire for delivery can also be seen as an increase in various businesses.

Online Food Delivery Services Market SEGMENTATION

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• By Types 

Based on type, the market is classified into Restaurant-to-Consumer & Platform-to-Consumer.

• By Application

Based on the market is categorized into Cash on Delivery & Online.

DRIVING FACTORS

"Discounts & Offers Gives Market Extra Boost "

We all enjoy food; therefore, it means a lot when it can be delivered to your house with just a tap of your screen. One of the primary factors encouraging the online food delivery services market growth is the substantial discounts and deals that this food delivery app posts on their screen. Giving various cash backs and vouchers on delivery and multiple payment method, giving flat discounts on the food has developed into a new trend that draws customers and helps the market and the firm reach new heights.

"Growing Infrastructure Development is Encouraging Market Growth"

Rising infrastructure development in emerging economies is providing market suppliers with expansion chances. They give businesses the ability to broaden their network of delivery partners and restaurant partners in various cities. Greater demand is a result of city development, which will earn you, my company. The Supply chain is also getting a boost because of rising in infrastructure which is increasing the market sales.

RESTRAINING FACTORS

"Multiple Deliveries Obstructing the Market Growth"

When there are more meal orders, the quality of the food that is delivered deteriorates, and it takes more resources to deliver the food. Therefore, the market growth is being constrained by restaurants' inability to accommodate multiple deliveries and their inability to handle numbers. Late deliveries are also a big concern which is acting as a barrier for the online food delivery services market.

Online Food Delivery Services Market REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe"

North America is a key consumer & manufacturer of the online food delivery services market share, due to changing lifestyles and the significant consumer appetite for fast food, the local market is expanding healthily. Additionally, the proliferation of online food delivery services is fueling the expansion of the market. North America region is home of many manufacturing companies which are the prime demanding sectors. The key factor driving the growth of the online food delivery services market is the rise in demand for online applications & instant & smooth delivery feature. The product demand is thought to be primarily driven by the steadily rising production indices. Adopting technological developments will further boost the overall market

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

• Just Eat Holding Limited (U.K.)
• Gurbhub (U.S.)
• Door Dash (U.S.)
• Seamless (China)

REPORT COVERAGE

The analysis examines every aspect of the market, including market segmentation by type and application. The study examines a wide spectrum of players, including current and potential market leaders. Several significant variables are expected to fuel a sizable market expansion. The research also includes factors that are probably to increase online food delivery services market share in order to provide market insights. Additionally, the research includes projections for market expansion throughout the predicted period. The objective of the regional analysis is to clarify why one region dominates the worldwide market. The market can't grow because of a number of issues, all of which have been properly considered. Moreover, a market strategic analysis is included in the report. It contains comprehensive market data.