Online Takeaway Food Delivery Market Trends By Delivery Model, (Aggregator-Based Model, Restaurant-Owned Delivery, Hybrid Model) By Type of Cuisine (Fast Food, Chinese, Indian, Italian, Mexican, Others), By Order Value (Low-value orders, Medium-value orders, High-value orders) & Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2030
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Online Takeaway Food Delivery Market is expected to grow rapidly at 12.5% CAGR consequently, it will grow from its existing size of from $49.8 Billion in 2023 to $123.2 Billion by 2030.
Online Takeaway Food Delivery Market is expected to grow rapidly at 12.5% CAGR consequently, it will grow from its existing size of from $49.8 Billion in 2023 to $123.2 Billion by 2030.
Online Takeaway Food Delivery Market Overview
For Insights Consultancy presents an extensive market analysis report titled “Online Takeaway Food Delivery Market Report 2024″providing businesses with an edge in competition by providing a thorough analysis of market structures with estimates for various segmentations and segments.
The report also focuses new trends, major drivers, challenges, as well as opportunities. The report provides all necessary information needed to thrive in the Online Takeaway Food Delivery industry. This report is about Online Takeaway Food Delivery market research provides a complete analysis, which includes a comprehensive analysis of the current and future trends in the market. Convenience, diverse food options, and technological innovations are propelling market growth.
Consumer Behavior: The shift towards on-demand services and the growing preference for home delivery are fueling market expansion.
Technological Advancements: Mobile applications, digital payments, and delivery logistics optimizations are enhancing the customer experience.
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Segment Analysis
- Service Type: Restaurant-to-consumer, platform-to-consumer, and hybrid models.
- Platform Type: Mobile apps and websites.
- End-User: Individual consumers and corporate clients.
The market is characterized by a shift from traditional dine-in to convenient food delivery options. Mobile apps have become the preferred platform for ordering food due to their user-friendly interface and seamless experience. The increasing number of restaurants offering delivery services and the expansion of food delivery platforms have contributed to the market’s growth.
Market Trends 2024
- Consumer behavior: Increased demand for convenience and diverse food options.
- Technological advancements: Mobile apps, digital payments, and delivery logistics optimization.
- Urbanization: Growth of urban populations and busy lifestyles.
- Subscription models: Offering convenience and cost savings to consumers.
- Ghost kitchens: Expanding food delivery options and operational efficiency.
The market is characterized by intense competition, rapid technological changes, and a focus on customer experience. As consumer expectations for convenience and food delivery services continue to rise, the market is poised for sustained growth.
Market Dynamics
Growth Drivers
- Convenience and Time-Saving: Consumers seek quick and easy meal options.
- Smartphone Penetration: Increased smartphone usage facilitates easy ordering and payment.
- Urbanization and Busy Lifestyles: Growing urban populations with hectic schedules drive demand.
- Diverse Cuisine Options: The availability of various cuisines attracts a wide customer base.
- Technological Advancements: Improved delivery logistics and mobile app features enhance the user experience.
Market Challenges
- High Delivery Costs: Fees and charges can impact consumer spending.
- Food Quality and Safety Concerns: Maintaining food quality during delivery is crucial.
- Intense Competition: The market is highly competitive with numerous players.
- Dependence on Third-Party Platforms: Restaurants relying on platforms may face limitations.
- Environmental Impact: Packaging waste and delivery emissions are concerns.
Competitive Landscape
The online takeaway food delivery market is experiencing rapid growth driven by changing consumer preferences, technological advancements, and increasing urbanization.
- DoorDash
- Uber Eats
- Grubhub
- Meituan Dianping (China)
- Swiggy (India)
- Just Eat Takeaway.com (Europe)
- me (China)
- Zomato (India)
- Rappi (Latin America).
These companies are driving market growth through technological innovation, strategic partnerships, and aggressive expansion strategies. The market is characterized by intense competition, a focus on customer convenience, and the integration of technology to optimize delivery operations.
New Developements
In February 2024, Tata Neu super app to launch online food ordering via ONDC
In April 2024, Food delivery unicorn Swiggy launches new tool to help restaurants improve online visibility
In December 2022, Grubhub announced the partnership with Kiwibot, a food delivery company, to provide meal through robot on college campuses across the U.S.
Market Regional Outlook
- North America: A mature market with a strong focus on convenience, speed, and a wide range of food options.
- Europe: A well-established market with a focus on diverse cuisines and digital payment integrations.
- Asia-Pacific: A rapidly growing market driven by increasing urbanization, smartphone penetration, and a large consumer base.
Segment Covered in the Report are
By Delivery Model
- Aggregator-Based Model
- Restaurant-Owned Delivery
- Hybrid Model
By Type of Cuisine
- Fast Food
- Chinese
- Indian
- Italian
- Mexican
- Others
By Order Value
- Low-value orders
- Medium-value orders
- High-value orders
Frequently Asked Questions:
What is the current size of the Online Takeaway Food Delivery market?
Online Takeaway Food Delivery Market is expected to grow rapidly at 12.5% CAGR consequently, it will grow from its existing size of from $49.8 Billion in 2023 to $123.2 Billion by 2030.
What are the key driving factors for the growth of the Online Takeaway Food Delivery Market?
Convenience, Growing Urbanization, Technological Developments and Infrastructure Expansion are the factors driving the growth of the Online Takeaway Food Delivery Market.
What are the top players operating in the Online Takeaway Food Delivery Market?
The major players are DoorDash, Uber Eats, Grubhub, Meituan Dianping (China), Swiggy (India), Just Eat Takeaway.com (Europe), Ele.me (China), Zomato (India), Rappi (Latin America).
What segments are covered in the Online Takeaway Food Delivery Market report?
The Global Online Takeaway Food Delivery Market is Segmented on the basis of Delivery Model, Type Of Cuisine, Order Value, And Geography.
Key Benefits to Stakeholders:
- This study offers a quantitative examination of Online Takeaway Food Delivery Market trends, estimations, and dynamics from 2023-2030 to identify potential opportunities in this space.
- Porter’s five forces study emphasizes the value of buyers and suppliers in helping stakeholders to make profitable business decisions while expanding their network.
- Undergoing in-depth analyses on market size and segmentation is vital in identifying current Online Takeaway Food Delivery Market opportunities.
- Each region’s largest countries are mapped according to their revenue contribution for an accurate picture of this global industry.
Reasons to Purchase Market Report:
- Current and Future Prospects of Online Takeaway Food Delivery Market in both developed and emerging markets.
- Porter’s Five Force Analysis to help analyze various perspectives within this market. Major regions should experience rapid increases during this time.
- Uncover the most up-to-date industry developments, Online Takeaway Food Delivery Market shares, and top market players’ strategies.
Research Methodology:
To estimate and validate the size of the Online Takeaway Food Delivery Market as well as several of its dependent submarkets in its entirety, both top-down and bottom-up methodologies were used. Secondary research identified key players within the market while primary sources and verified primary sources provided an accurate picture of all percentage share breakdowns and splits within this global industry.
Table of Contents
- Table 1: Global Online Takeaway Food Delivery Market Overview, 2024-2030 (USD Million)
- Table 2: Market Segmentation by Type of Delivery Service, 2024-2030 (USD Million)
- Table 3: Market Segmentation by Cuisine Type, 2024-2030 (USD Million)
- Table 4: Market Segmentation by Platform (Mobile App, Website), 2024-2030 (USD Million)
- Table 5: Market Segmentation by Region, 2024-2030 (USD Million)
- Table 6: Key Players in the Global Online Takeaway Food Delivery Market
- Table 7: Market Drivers and Restraints Analysis
- Table 8: SWOT Analysis
- Table 9: PESTLE Analysis
- Table 10: Investment Opportunities , 2024-2030
- Table 11: Technological Advancements
- Table 12: Government Policies and Regulations Impacting the Market
- Table 13: Comparative Analysis by Type
- Table 14: Case Studies of Successful Online Takeaway Food Delivery Platforms
- Table 15: Market Forecast by Type of Delivery Service, 2024-2030 (USD Million)
- Table 16: Market Forecast by Cuisine Type, 2024-2030 (USD Million)
- Table 17: Market Forecast by Platform, 2024-2030 (USD Million)
- Table 18: Market Forecast by Region, 2024-2030 (USD Million)
- Table 19: Competitive Landscape
- Table 20: Mergers and Acquisitions
- Table 21: Key Market Strategies Adopted by Leading Players
- Table 22: Impact of COVID-19 on Online Takeaway Food Delivery Market
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[…] purposes of this analysis are: To characterize, portray, and check the Global Online Takeaway Food Delivery Market based on product type, application, and region. To estimate and inspect the size of the […]