"Convenience and Lucrative Offers Aiding the Online Food Delivery Services Market Growth Positively"
The online food delivery services market stood at US$ 81.56 Bn in 2017 and expected to grow at a CAGR of 9.8% during the forecast period from 2017 to 2026. Technology has made its presence felt in every sphere of our life. The food industry in this regards is no expectation either. The online food delivery services market has witnessed a significant growth in recent years. Convenience and attractive offers are the two most prominent factors aiding the market growth. There is an increasing number of players entering into this market as a result of the huge potential the market has in offering. The market is witnessing adequate funding and investments, a factor further facilitating market growth. Rising smartphone proliferation is another important factor contributing to the market growth.
"Online Food Delivery Services Market Expected to Witness Fierce Competition amongst the Players in Coming Years"
The online food delivery services market expected to witness intense competition in coming years. With people getting accustomed to the idea of online food delivery, a increasing number of players are expected to enter into the market in the coming years. The competition is often a discount-driven battle and the companies in order to provide these discounts often face losses. Robot delivery is expected to be an upcoming trend in the market. Similarly, artificial intelligence solutions and drone delivery might be rolled out in the future.
"Asia Pacific to Emerge as the Fastest Growing Market for Online Food Delivery Services Market"
Asia Pacific expected to witness the fastest growth in coming years. The region in recent years has witnessed a drastic increasing in the number of smartphone users. Moreover, increasing internet penetration and rising disposable income are the other prominent factors aiding the market growth in the region. China and India expected to remain in the forefront in terms of this growth.
Key players profiled in the report include UberEats, Grubhub, Deliveroo, Domino’s, Just Eat, Swiggy, Zomato, Food Panda, DoorDash and Pastmates among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Online Food Delivery Services market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Delivery
| |
Restaurant
| |
|
Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
