The adoption of online delivery is growing all over the world as a result of the growth of various food delivery. Additionally, the market is anticipated to experience significant growth opportunities due to the food delivery platforms' significant integration of smart AI and smart technology for customer convenience. The latest technological trends in the online food delivery industry, such as food delivery by robots and drones, are also anticipated to spur market growth shortly. Due to increased consumer demand for online food delivery as a result of restrictions, online food delivery service providers have seen a significant increase in revenue and online orders since the COVID-19 pandemic. During the outbreak, restaurants and different food chains used online food delivery services more frequently to facilitate both delivery and takeout, which furthers the market's expansion.
According
to Marketlook Consulting’s research report “Global Online Food Delivery and Takeaway Market Analysis,
2021”, the Global Online Food Delivery and Takeaway market is
anticipated to grow at a CAGR of 15.4% during 2022-29 The market would reach
USD 245.5 Bn by 2029.
Based
on the Operating outlook, the Online Food Delivery and Takeaway market is
segmented into Restaurant-to-Consumer and Platform-to-Consumer. In 2021, the
platform-to-consumer type segment dominated the market.
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Based
on Distribution Channels, the market is segmented into fast food chain
restaurants, independent restaurants, online channels, and others. The
fast-food chain restaurant grabbed the significant market share in 2021.
“Global Online Food Delivery and Takeaway Market Analysis,
2021” provides comprehensive
qualitative and quantitative insights on the industry potential, key factors
impacting sales and purchase decisions, hotspots, and opportunities available
for Online Food Delivery and Takeaway providers across the Globe. Moreover, the
report also encompasses the key strategic imperatives for success for
competitors along with strategic factorial indexing measuring competitors’
capabilities on 16 parameters. This will help companies in the formulation of
Go to Market Strategies and identifying the blue ocean for its
offerings.
Asia Pacific Dominated the Market
Asia
Pacific accounted for the largest revenue share of the global market in 2021,
and it is anticipated that the region will experience the highest CAGR between
2022 and 2029. The market is expanding owing to the growing demand from China,
Japan, and India. The region's expanding middle class, rising per capita
income, expanding retail food industry, and rising spending on food delivery
are the main drivers of market growth, as stated in the Marketlook
Consulting research report “Global Online Food Delivery and
Takeaway Market Analysis, 2021”.
According
to Marketlook Consulting’, the key players with a considerable
market share in the global Online Food Delivery and Takeaway market are
Doordash Inc., Takeaway.com Group B.V., Roofoods Limited (Deliveroo), Delivery
Hero SE, Uber Technologies Inc., Zomato Limited, Domino’s Pizza, Inc., Papa
John's International, Inc., Waiter.com, Inc., Swiggy Pvt Ltd.
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Market Segmentation:
- By Operating Type
(Restaurant-to-Consumer,
Platform-to-Consumer)
- By
Distribution Channel Type (Fast
Food Chain Restaurants, Independent Restaurants, Online Channels, Others)
- By
Region (North America, Europe,
Asia-Pacific, South America, Middle East and Africa)
- By
Company (Doordash Inc., Takeaway.com Group B.V., Roofoods Limited
(Deliveroo), Delivery Hero SE, Uber Technologies Inc., Zomato Limited,
Domino’s Pizza, Inc., Papa John's International, Inc., Waiter.com, Inc.,
Swiggy Pvt Ltd.)
Key questions answered in the study:
- What
are the current and future trends of the Online Food Delivery and Takeaway
industry?
- How
the industry has been evolving in terms of operating outlook and
distribution channels?
- How
the competition has been shaping across the countries followed by their
comparative factorial indexing?
- What
are the key growth drivers and challenges for the Online Food Delivery and
Takeaway industry?
- What
is the customer orientation, purchase behavior, and expectations from the
Online Food Delivery and Takeaway firms across various regions?
About Us:-
Marketlook Consulting is a world
market intelligence and consulting firm that aims to offer business insights
and market research reports to large as well as small & medium scale
enterprises (SMEs). The company helps its clients to design business strategies
and policies and accomplish sustainable growth in their relevant market area.
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