Dublin, March 30, 2023 (GLOBE NEWSWIRE) -- The "Online Food Delivery Services Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the market.
The global online food delivery services market will grow from $128.32 billion in 2022 to $143.05 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The online food delivery services market is expected to grow to $159.46 billion in 2027 at a CAGR of 2.8%.
Major players in the market are takeaway.com, Doordash, Deliveroo, Uber eats, Zomato, Swiggy, Domino's pizza, Grubhub, foodpanda, and Just eat.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The market for online food delivery services includes revenues earned by entities by providing shipping services for food and related products to customers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Online food delivery services refer to a shipping service for food in which companies are involved in distributing the packages received from hospitality establishments and have an online portal or application for their sales, in which the food can be either ready-to-eat food or food that has to be specially prepared for direct consumption.
Western Europe was the largest region in the online food delivery services market in 2022. Asia Pacific was the second largest region in the online food delivery services market. The regions covered in the online food delivery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The online food delivery services market covered in this report is segmented by type into platform-to-customer and restaurant-to-customer. Platform-to-Customer refers to an online tool or a forum being created for businesses to enable them to have two-way communication with their customers. The different channel types include websites, mobile applications, and involve various payment methods such as cash on delivery and online payment.
An increase in smartphone users has given a boost to online food delivery services worldwide. Smartphone users are the primary online shoppers for the F&B industry, and an increase in the number of smartphone users reflects a potential increase in online shopping for food and beverages.
The world's F&B e-commerce users reached 1.5 billion in 2019 and are expected to grow by 800 million, with an average of 25% y-o-y growth, by 2024. The Indian food delivery platform, Zomato, has 80 million monthly active users and has set targets of reaching 20 million over the next few years. Hence, an increase in smartphone users and internet penetration is driving growth in online food delivery services.
The cost of supply chain and logistics will be the primary impediment to the growth of the online food delivery services market. This cost includes the cost incurred for order fulfillment; delivery costs; adjusting business resources to dynamic market demand; and last-mile connectivity.
Besides, there are costs for cardboard boxes for packaging, gas, mileage, and the cost of hiring a driver. The supply chain and logistics have to be in place in order to avoid the spoilage of products with limited shelf life. According to the report by Capgemini, retailers could lose up to 26% of their profit if they fail to upgrade their logistics systems to ensure on-time delivery despite the increased online grocery system. Therefore, the costs incurred by the supplier side may restrain the growth of the online food delivery services market.
Upgradation of the distribution network to a more decentralised system, Distribution 4.0, is trending in the food delivery services market. In Distribution 4.0, suppliers partner with multiple players for the best market coverage between urban and rural markets, focusing their efforts on marketing, branding, and in-store merchandising to create a best-in-class shopper experience.
They are likely to partner with aggregators, e-comm delivery companies, rural distribution companies, and distribution arms of modern trade to drive coverage. E-commerce aggregator Amazon has announced plans to team up with many small-scale businesses, retail outlets, and rural supermarkets to increase their last-mile connectivity. Therefore, the trend of Distribution 4.0 is envisioned to have some positive effects on online food delivery services.
The countries covered in the online food delivery services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $143.05 billion |
| Forecasted Market Value (USD) by 2027 | $159.46 billion |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Online Food Delivery Services Market Characteristics
3. Online Food Delivery Services Market Trends And Strategies
4. Online Food Delivery Services Market - Macro Economic Scenario
4.1 COVID-19 Impact On Online Food Delivery Services Market
4.2 Ukraine-Russia War Impact On Online Food Delivery Services Market
4.3 Impact Of High Inflation On Online Food Delivery Services Market
5. Online Food Delivery Services Market Size And Growth
5.1. Global Online Food Delivery Services Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Online Food Delivery Services Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Online Food Delivery Services Market Segmentation
6.1. Global Online Food Delivery Services Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Platform-to-Customer
- Restaurant -to-Customer
6.2. Global Online Food Delivery Services Market, Segmentation By Channel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Websites
- Mobile Applications
6.3. Global Online Food Delivery Services Market, Segmentation By Payment Method, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cash On delivery
- Online Payment
7. Online Food Delivery Services Market Regional And Country Analysis
7.1. Global Online Food Delivery Services Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Online Food Delivery Services Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/1ynaeo
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
