Global Online Food Delivery Services Market Size is estimated to expand rapidly in coming years, at a CAGR of 15.6 % from 2018 to 2025. In 2017, the global market valuation was USD 2.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The growing use of smart-phones and internet penetration contributes to the growth of the market. The growth of the global food supply industry, which enables clients to order food from various restaurants, is crucial to the growth of the market. The growth in the market in recent years has been further supported by a growth of delivery aggregators such as Zomato and Swiggy on the Indian market.
Over the forecast period, the growing number of dual-income families and changes in lifestyles and eating patterns are expected to promote market growth. In addition, the increasing demand for fast food access at affordable prices is driving growth. The services offered online include attractive discounts, rewards & cashback, door delivery and several payment options. In addition, food service providers are creating large warehouses to supply quality food in order to store fresh products and to encourage the adoption of online supply services.
The space for food shipping offers significant funding opportunities to expand the market. Moreover, several changes in the preferences of users also contribute to market growth. Demand for fresh food, fast home delivery and easy accessibility; for example, are increasing the use of online food service. Moreover, the demand for online food services is also gaining momentum over thousands of years. In addition, increasing infrastructure progress in emerging economies offers market vendors growth opportunities. They allow companies to expand their network of restaurant partners and network of suppliers in various cities. In addition, IoT integration allows users with voice commands to choose on-line foodservice delivery services, making the delivery process even easier. Such advances in technology are expected to further drive market growth.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global online food delivery services market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global online food delivery services market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Type Insights: On the basis of type, global online food delivery services market has been segmented into restaurant-to-consumer, platform-to-consumer. Among which platform-to-consumer segment has accounted for largest share in the global market of online food delivery services. At the same time, the platform-to-consumer model addresses the logistics and resource aspects of food delivery and offers shipping services to restaurants with no internal supply resources. The growth in the segment in capital cities is driving the growth of investment in this model.
By Channel Insights: On the basis of channel, global online food delivery services market has been segmented into websites/desktop, mobile applications. During the forecast period, the highest CAGR in the field of mobile applications will be estimated. The segment growth can be attributed to the increasing penetration of smartphones, combined with technological developments like the 3 G and 4 G networks. In addition, many restaurants provide end users with different discounts to order food using mobile devices.
The online food delivery services market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
In the forecast period, the market in Asia Pacific is expected to have the highest CAGR. The increased per capita revenues and the changing preference of thousands of years are responsible for regional growth. Furthermore, the increasing use of internet-enabled smartphones over thousands of years and the rapid application of advanced technologies such as voice support apps make a significant contribution to regional market growth. In developing countries such as India and Japan, the growth of the e-Commerce sector further contributes to adopting applications for food delivery in the area.
The general proportion of revenues in 2018 represented a substantial portion of North America. A good development occurs on the national economy because of the important customer preferences for quick meals and evolving lifestyles. The existence of several internet suppliers such as Just Eat Holding Limited and Postmates Inc. also boosts national market growth. Live customer service, distribution and other connected facilities are provided by market players in the region, fueling global market growth.
Global Online Food Delivery Services Market Size, Share Analysis by Region 2018
Global Online Food Delivery Services Market Study Objective
1. To forecast the market size of online food delivery services market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of online food delivery services market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate on significant factors that will have a major impact on the growth of online food delivery services market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of online food delivery services market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the online food delivery services market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
DoorDash, Just Eat Holding Limited, Swiggy, Takeaway.com, and Uber Technologies Inc are some of the key players in the market of online food delivery services. The businesses focus especially on appealing discounts and improving their client base. Reduced shipping fees have led to higher price competition between the main participants of the area.
Global Online Food Delivery Services Market Study Report Offer You!
The global online food delivery services market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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