According to IMARC Group’s latest report, titled “Online Food Delivery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global online food delivery market reached a value of US$ 107.4 Billion in 2020. Online food delivery is a convenient process of buying and selling food via internet-based platforms. It primarily includes mobile-based software applications or web pages that provide access to multiple food joints based on consumer preferences. These online food delivery platforms provide secured payment gateways, diverse food options, door-step delivery, numerous discounts, etc.
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Rapid urbanization, along with the growing penetration of smartphones and internet connectivity, is primarily driving the global online food delivery market. Furthermore, the increasing working women population, hectic work schedules of the consumers and sedentary lifestyles are also augmenting the demand for ready-to-eat (RTE) food variants. Additionally, the rising adoption of online retail channels by several brick-and-mortar food chains to expand their consumer base is further bolstering the market growth. Moreover, the integration of online food delivery platforms with numerous advanced technologies, such as Big Data, artificial intelligence (AI), predictive analytics, etc., to provide a personalized consumer experience will continue to catalyze the global market over the forecasted period. Looking forward, IMARC Group expects the market to exhibit strong growth during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Just Eat
- Delivery Hero
- Meituan Waimai
Market Breakup by Platform Type
Market Breakup by Business Model
- Order Focused Food Delivery System
- Logistics Based Food Delivery System
- Full-Service Food Delivery System
Market Breakup by Payment Method
- Cash on Delivery
Market Breakup Region
- North America
- Asia Pacific ( excluding china)
- Rest of the World
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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