NEW YORK, Oct. 26, 2023 /PRNewswire/ — The online on-demand food delivery services market is estimated to grow by USD 266.05 billion from 2022 to 2027, growing at a CAGR of 24.64%. The online on-demand food delivery services market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer online on-demand food delivery services market are Alibaba Group Holding Ltd., Bundl Technologies Pvt. Ltd, Curefoods India Pvt. Ltd., Delivery Hero SE, Dominos Pizza Inc., DoorDash Inc., Dunzo Digital Pvt. Ltd., EatSure, Glovoapp23 SL, Grab Holdings Ltd., Grubhub Inc., HelloFood, HungryPanda Ltd., Just Eat Takeaway.com NV, Meituan Dianping, Movile, Rappi Inc., Talabat.com, Uber Technologies Inc, and Zomato Media Pvt. Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Download a Sample before buying
Company Offering:
- Alibaba Group Holding Ltd. – The company offers online on-demand food delivery services-related equipment for various fast food shops.
- Bundl Technologies Pvt. Ltd – The company offers online on-demand food delivery services to its customers across all major cities in India.
- Delivery Hero SE – The company offers online on-demand food delivery services straight to customers’ doors.
- For details on companies and their offerings – Buy a report!
By Geography, the market is classified as APAC, North America, Europe, Middle East and Africa, and South America. APAC will have the largest share of the market. APAC is estimated to account for 66% of the growth of the global market during the forecast period. This growth is attributed to factors such as increased investments by vendors to improve the efficiency of logistics and consumers’ readiness to spend on food delivery services. China and India are some of the key contributors to the online on-demand food delivery services market in APAC. Download a sample report to get more insights on the market share of various regions and the contribution of the segments.
- Impactful driver- Increasing partnerships between restaurants and online food delivery aggregators
- Key Trend – Influence of social media
- Major Challenges – Growing threat from direct delivery services offered by restaurants
Market Segmentation
- By Type, the order-focused food delivery services segment will contribute significantly to the market’s growth during the forecast period. Market vendors act as third-party aggregators between restaurants and customers. Customers can compare the menu, prices, reviews, and ratings of multiple restaurants by registering on a website or mobile application. In this business model, the restaurant handles the delivery and logistics aspects.
Technavio Research experts have provided more insights on the market share of segments – View a Sample Report
Related Reports:
The food delivery market share in India is expected to increase by USD 716.53 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 28.13%.
The mobile food services (MFS) market size is estimated to grow at a CAGR of 8.84% between 2022 and 2027. The market size is forecast to increase by USD 15.04 billion.
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Online On-Demand Food Delivery Services Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 24.64% |
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YoY growth 2022-2023 (%) |
23.16 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Key countries |
US, China, Japan, South Korea, and UK |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Business Segment
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About US
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Contact US:
Technavio Research
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Email: media@technavio.com
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