The global food delivery services market size is expected to reach USD 311.43 Billion at a steady revenue CAGR of 11.4% in 2028, according to latest analysis by Emergen Research. Surge in Internet penetration, rising usage of smartphones, increasing number of dual income families, and rise in demand for quick access to affordable food are some key factors driving market revenue growth.
Food delivery services include delivering groceries from supermarkets, meals from restaurants, and vegetable box deliveries, among others. Advancements in technology have enabled provision of quicker and more prompt services, thereby serving to enhance customer experience and retaining existing customers as well. Guarantee of safe and secure deliveries is also driving popularity of services provided. The market is highly competitive currently, and error in delivery item or misplacing of package can damage the reputation of the delivery service provider. Real-time tracking of food parcels from location to destination has served to make the delivery process more transparent to customers and offers warranty for safer delivery.
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Online food delivery services platforms have witnessed major growth in recent years and revenue is expected to increase at a significant rate going ahead. High focus on providing better convenience and wider variety of cuisine and food choices for consumers, offer of discounts and deals, and option for customers to order from different restaurants with a single tap in their smartphone apps are novelties that are supporting preference for online food delivery services. Rapid increase in the geriatric population globally is also contributing to market revenue growth. Older individuals and couples opt for subscription-based or meal-kit delivery services wherein they receive food at their doorstep, and this model offers high level of convenience and value for money. This type of model is highly feasible as low investment and costs and routine delivery reduces overall production and delivery cost.
The report is a comprehensive research study of the global Food Delivery Services Market inclusive of the latest trends, growth factors, developments, opportunities, and competitive landscape. The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report is formulated with data gathered from primary and secondary research examined and validated by industry experts. The report provides an overview of the market leaders, segmentation by type, application, and region, and technological advancements.
The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Food Delivery Services market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
Companies profiled in the global Food Delivery Services market:
DoorDash, GrubHub, Uber Delivery, Just Eat Takeaway, Zomato, Deliveroo, Swiggy, Postmates Inc., Foodpanda, and Ele.me (Alibaba).
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The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Emergen Research has segmented the global food delivery services market on the basis of platform, model, type, payments, and region:
Platform Outlook (Revenue, USD Billion; 2018–2028)
Online
Offline
Online to Offline (O2O)
Model Outlook (Revenue, USD Billion; 2018–2028)
Platform to Customer
Aggregators
Full-Stack Model
Restaurant to Consumer Model
Type Outlook (Revenue, USD Billion; 2018–2028)
Meal Kits Delivery
Restaurant Prepared Food Delivery
Grocery Delivery
Veggie Box Delivery
Payments Outlook (Revenue, USD Billion; 2018–2028)
Cash on Delivery
Online Payment
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Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
North America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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The report addresses the following key points:
The report estimates the expected market size from 2021-2028
The report provides a forecast of market drivers, restraints, and future opportunities for the Food Delivery Services market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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