NEWARK, Del, Sept. 15, 2022 (GLOBE NEWSWIRE) -- During the forecast period 2022-2032, the online food delivery services market is expected to grow at a value of 9.8% CAGR, according to Future Market Insights. By the year 2032, the global market for online food delivery services is expected to rise up to a market valuation of US$ 97,291.58 Million. Consumers' exposure to online services is increasing at a rapid pace. Because of increased internet penetration and drastically improved smartphone accessibility, consumers may now use a plethora of food delivery apps, which is expected to promote sales in the doorstep meal delivery business.
Significant funding in the food transportation sector creates market growth potential. Aside from these expenditures, other changes in client tastes are also influencing market development. For example, the demand for convenience food, fresh food, and quick home delivery is driving up the adoption of online meal delivery services. Millennials are also growing interested in online meal delivery services.
Get Sample PDF Brochure @ https://www.futuremarketinsights.com/reports/sample/rep-gb-11068
Though the business is still in its early stages, many factors such as changing pricing strategies and the availability of multiple meal delivery service platforms are projected to boost competition. Furthermore, when there is a high volume of food orders, the quality of the food delivered degrades, necessitating the need of additional resources to furnish the meal. As a result, the inability of restaurants to accept multiple deliveries and difficulties in dealing with quantity are limiting business growth. In contrast, the advent of virtual restaurants and delivery-only kitchens is expected to provide significant market growth potential throughout the projection period.
Key Takeaways from the Market Study
- In 2022, the global online food delivery services market is estimated to have a global market size of US$ 38,200 Million
- In 2022, the platform to consumer category by delivery type is expected to occupy a 55% market share
- By channel type, the mobile applications segment is projected to hold a global market share of 35% in 2022
- By payment type, the online transactions are expected to account for 82% of the worldwide market in 2022.
- The U.S online food delivery services market is expected to gain a global market share of 90% in 2022 and 8% CAGR during the forecast period.
- The Indian region is expected to grow rapidly with a global market share of US$ 17,050 Million by 2022.
- During the forecast period, the German market for online food delivery services will exhibit a 9.8% CAGR.
“The growing use of smartphones and internet penetration are driving market expansion, which allows customers to order food from a variety of restaurants. This helps to drive market growth,” comments a Future Market Insights analyst.
Speak to our Research Expert @ https://www.futuremarketinsights.com/ask-question/rep-gb-11068
Competitive Landscape
Market participants are focusing their efforts on strategic alliances, mergers and acquisitions, and corporate expansions to increase their market position.
- Uber Systems Inc. finalized its acquisition of Drizly in 2021, with the two businesses beginning to integrate their complementing delivery technologies and services the following year.
- Grab Holdings, Southeast Asia's leading ride-hailing and food delivery company, announced a USD 40 billion merger with Altimeter Growth Corp. in 2021. Investors including BlackRock (BLK.N), Temasek Holdings, Fidelity International, Mubadala Abu Dhabi, and Malaysia's Permodalan Nasional Bhd will participate in a $4 billion private investment in public equity offering as part of Singapore-based Grab's agreement with the Altimeter Capital-backed SPAC.
- In 2021, Delivery Hero increased its footprint in Central America and the Caribbean by acquiring Hugo's food and grocery delivery verticals.
- Uber has agreed to pay $2.65 billion for Postmates, a meal delivery startup, in 2020, as it attempts to expand its foothold in on-demand food delivery while its primary ride-hailing business declines.
Key Segments Covered In The Online Food Delivery Services Market Report
Online Food Delivery Services Market by Delivery Type:
- Restaurant to Consumer
- Platform to Consumer
Online Food Delivery Services by Channel Type:
- Website/Desktop
- Mobile Application
Online Food Delivery Services by Payment Method:
- Cash On Delivery
- Online
Online Food Delivery Services by Region:
- North America
- Latin America
- Europe
- APEJ
- Japan
- Middle East & Africa
Use promo code ->> FMITODAY to get flat 20% discount
Table of Content
1. Market Overview
1.1. Market Coverage / Taxonomy
1.2. Market Definition / Scope / Limitations
2. The Massive Impact of the Crisis
2.1. Online Food Delivery Services Market Forecast Scenario Comparison of Annual Growth Rates for short Term (2022-2025) and Long Term (2026-2032)
2.1.1. Optimistic Scenario
2.1.2. Likely Scenario
2.1.3. Pessimistic Scenario
2.2. Key Factors Impacting the Market
Note: Market Assessment shall be provided for Likely Scenario
3. Market Dynamics
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.2. Restraints
3.3. Opportunity
3.4. Market trends By Region
3.5. Macro-Economic Factors
3.6. Forecast Factors - Relevance & Impact
3.7. Consumers Survey Analysis
About the Food & Beverage at Future Market Insights
The Food & Beverage team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
Have a Look at Related Research Reports of Food & Beverage Domain
Online Food Delivery & Takeaway Market Trends : is expected to reach a valuation of US$ 27,695.9 Million in 2022. The market is further projected to grow at a CAGR of 7.3% from 2022 to 2032, totaling around US$ 55,828.1 Million by the end of 2032.
Hyperlocal Food Delivery Market Analysis : is predicted to witness a fair CAGR of 8.3% over the forecasted period of 2022 to 2032. The global market is estimated to reach a value of nearly US$ 493.9 Billion by 2032, increasing from US$ 222.5 Billion in 2022.
Lunch Takeout Market Share : is valued at US$ 215.3 Bn in 2022, with a compound annual growth rate (CAGR) of 5.9 per cent predicted from 2022 to 2032.
Restaurant Takeout Market Growth : is expected to reach US$ 4,024.9 billion in 2032 from US$ 2,199.4 Billion in 2022, with a CAGR of 8.3% from 2022 to 2032.
Takeout Dinner Market Size : is likely to grow with an estimated CAGR of 7.50% from 2022 to 2032. The market share is likely to be worth US$ 241.3 Bn in 2022. Rising high demand for takeout dinners due to the increase in urbanization, fast food chains & takeout dinner trends are anticipated to generate huge revenue of US$ 497.3 Bn by 2032.
ABOUT FUTURE MARKET INSIGHTS, INC.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
Enquiries: sales@futuremarketinsights.com
Browse Latest Market Reports: https://www.futuremarketinsights.com/reports
