[189 Pages Report] The Online Food Delivery & Takeaway Market size was estimated at USD 26.10 billion in 2023 and expected to reach USD 28.55 billion in 2024, at a CAGR 9.46% to reach USD 49.15 billion by 2030.
The online food delivery and takeaway market consists of sales of food items and beverages through online platforms that deliver food to customers at their doorstep or provide options for customers to pick up their orders. This market operates through various business models, including traditional restaurants offering online ordering, third-party aggregators, and cloud kitchens. The market caters to a broad range of customers seeking convenience, diverse cuisine options, and quick service. The market’s growth is propelled by technological enhancements, shifting work-life dynamics, expanding internet penetration, and a richer mix of culinary offerings. It holds significant potential in embracing futuristic technologies, implementing subscription services, adopting green practices, and forming strategic alliances. However, the market faces challenges, such as intense competition, operational bottlenecks, regulatory constraints, and the need for constant innovation to ensure customer commitment. Focal areas for business expansion and research include drone deliveries, AI analytics, wholesome menu options, and immersive ordering experiences, all geared towards improving customer satisfaction and streamlining service delivery.
Food Type: Rising demand for veg and non-veg food on online food delivery applications
The non-vegetarian segment of the online food delivery and takeaway market comprises dishes that include meat, poultry, fish, and other seafood. This segment attracts customers who prefer protein-rich diets and have a palate for diverse flavors from different cooking methods and cultural cuisines. The vegetarian segment includes dishes free from meat and sometimes other animal products. This segment has grown significantly due to increased health awareness and ethical concerns surrounding meat consumption.
Distribution Channel: Expanding demand for online delivery in fast-food chain restaurants
Fast-food chain restaurants represent a significant online food delivery and takeaway market segment. Such establishments are typically known for their quick service, standardized menus, and consistent quality across different locations. The need-based preference for fast-food chain restaurants includes convenience, speed, and familiarity of offerings. Independent restaurants cater to customers seeking unique and often gourmet experiences. The need-based preference here pivots on quality, authenticity, and customized experiences. Unlike fast-food chains, independent restaurants often provide various cuisines and customizations. Online channels form the backbone of the distribution network for food delivery and takeaway services. These platforms address the demand for convenience, variety, and user-friendliness. Customers typically utilize online channels through mobile apps or websites.
Regional Insights
The online food delivery and takeaway market is substantially transforming as it adapts to the changing consumer lifestyles and preferences globally. The market is soaring in the Americas, with consumers demanding convenience alongside healthy and gourmet meals. Big industry players are strengthening their positions through mergers and acquisitions, while tech startups inject innovation with personalized AI-driven experiences and advancements like drone deliveries. Contactless and subscription-based services are part of the evolving trends in line with consumer demands. Meanwhile, in Canada, the industry has mirrored resilience against the backdrop of the pandemic, with a noticeable shift towards supporting local platforms and embracing smart technology, improving customer experiences and addressing the call for sustainability. Moving over to the EU, a fragmented yet growing demand for quick and convenient services characterizes the market, where the rights of gig economy workers and sustainability measures, including electric vehicle deliveries, are shaping the industry. Contrastingly, the Middle East is fueled by a young and tech-savvy demographic, propelling investments in mobile app development and luxury dining experiences, while Africa’s market is burgeoning, bolstered by local innovators overcoming unique regional challenges. Asia Pacific is excelling, driven by immense markets such as China and India, where integration with social media and payment platforms and a mobile app usage surge influence the industry.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Online Food Delivery & Takeaway Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Online Food Delivery & Takeaway Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Online Food Delivery & Takeaway Market, highlighting leading vendors and their innovative profiles. These include Blue Apron, LLC, Deliveroo plc, Delivery Hero SE, Domino’s Pizza, Inc., DoorDash, Inc., Grubhub Inc. by Just Eat Takeaway.com N.V., Hellofresh SE, Instacart, Just Eat Take?away?.com N.V., LimeTray, McDonald’s Corporation, Meituan Waimai, Mobo Innovations Ltd., Ola Foods by ANI Technologies Pvt. Ltd, Papa John’s International, Inc., Pizza Hut, LLC, Pop Meals, Rebel Foods Private Limited, Restaumatic, Roofoods Ltd, Swiggy by Bundl Technologies Private Limited, Tillster, Inc., Uber Technologies, Inc., and Zomato Media Pvt. Ltd..
Market Segmentation & Coverage
This research report categorizes the Online Food Delivery & Takeaway Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Food Price Range
- High
- Low
- Mid
- Food Type
- Non-veg
- Veg
- Product Type
- Client App
- Courier Side App
- Restaurant Side App
- Distribution Channel
- Fast-Food Chain Restaurants
- Independent Restaurants
- Online Channels
- Application
- B2B
- B2C
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Online Food Delivery & Takeaway Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Online Food Delivery & Takeaway Market?
- What are the technology trends and regulatory frameworks in the Online Food Delivery & Takeaway Market?
- What is the market share of the leading vendors in the Online Food Delivery & Takeaway Market?
- Which modes and strategic moves are suitable for entering the Online Food Delivery & Takeaway Market?
US $
Euro €
GBP £