The global food delivery services market size is expected to reach USD 311.43 Billion at a steady revenue CAGR of 11.4% in 2028, according to latest analysis by Emergen Research. Surge in Internet penetration, rising usage of smartphones, increasing number of dual income families, and rise in demand for quick access to affordable food are some key factors driving market revenue growth.
Food delivery services include delivering groceries from supermarkets, meals from restaurants, and vegetable box deliveries, among others. Advancements in technology have enabled provision of quicker and more prompt services, thereby serving to enhance customer experience and retaining existing customers as well. Guarantee of safe and secure deliveries is also driving popularity of services provided. The market is highly competitive currently, and error in delivery item or misplacing of package can damage the reputation of the delivery service provider. Real-time tracking of food parcels from location to destination has served to make the delivery process more transparent to customers and offers warranty for safer delivery.
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Online food delivery services platforms have witnessed major growth in recent years and revenue is expected to increase at a significant rate going ahead. High focus on providing better convenience and wider variety of cuisine and food choices for consumers, offer of discounts and deals, and option for customers to order from different restaurants with a single tap in their smartphone apps are novelties that are supporting preference for online food delivery services. Rapid increase in the geriatric population globally is also contributing to market revenue growth.
A novel report on global Food Delivery Services market is offering current developments and emerging trends of the market. The report offers a comprehensive overview of the market along with details about market size, market share, revenue growth, and top companies. The report covers all crucial and essential information related to global Food Delivery Services market to help readers, investors, clients to gain a thorough understanding of the market and invest accordingly. Various advanced statistical tools such as SWOT analysis or Porter’s Five Forces are used in the report.
Companies profiled in the global Food Delivery Services market:
DoorDash, GrubHub, Uber Delivery, Just Eat Takeaway, Zomato, Deliveroo, Swiggy, Postmates Inc., Foodpanda, and Ele.me (Alibaba).
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Key Highlights from the Report
In June 2021, DoorDash, which is the top U.S. food delivery app, entered the Asian market by launching in Japan. The company is focusing on expanding globally to leverage opportunities resulting from the situation created by the COVID-29 pandemic. The company is small, but foraying into Japan is giving it access to one of the most restaurant-dense countries in the world.
Full-stack model segment revenue is expected to expand at a significantly robust rate during the forecast period as most back-end requirements and apps are taken care of by the food delivery service providers. They develop the app, hire delivery staff, and cooks/chefs to prepare food in-house. These are known as cloud kitchens where dining facility is not available. Although, these models require substantial investment, earnings increase steadily once sufficient scale is achieved.
Restaurant prepared food delivery segment accounted for largest revenue share in 2020 as social mentions of such deliveries by customers have skyrocketed, especially during COVID-19 pandemic. Companies such as GrubHub, JustEat, and Foodpanda have partnered with restaurants and deliver food to a sizable number of customers.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Emergen Research has segmented the global food delivery services market on the basis of platform, model, type, payments, and region:
Platform Outlook (Revenue, USD Billion; 2018–2028)
Online
Offline
Online to Offline (O2O)
Model Outlook (Revenue, USD Billion; 2018–2028)
Platform to Customer
Aggregators
Full-Stack Model
Restaurant to Consumer Model
Type Outlook (Revenue, USD Billion; 2018–2028)
Meal Kits Delivery
Restaurant Prepared Food Delivery
Grocery Delivery
Veggie Box Delivery
Payments Outlook (Revenue, USD Billion; 2018–2028)
Cash on Delivery
Online Payment
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Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
North America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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Key Features of the Food Delivery Services Market Report:
The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
Evaluation of key current and emerging market trends and growth prospects
It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
Brief overview of industry with regards to research and development, technological advancements, and product development
In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario
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