According to IMARC Group’s latest report, titled “Online Food Delivery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global online food delivery market reached a value of US$ 107.4 Billion in 2020. Online food delivery is a service that enables individuals to purchase food online through various food delivery websites and applications. In addition, food delivery applications allow the consumer to register an account to make frequent ordering more convenient.
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Online food delivery companies offer numerous benefits to foodservice providers. It facilitates savings in labor since the staff is not tied up on the phone or at the counter. Along with labor savings, other major advantages of online food delivery for foodservice providers include increased convenience for the guest, simpler order processing and enhanced accuracy of online orders. Besides this, online food delivery companies also provide consumers the convenience of getting them delivered at their doorsteps. Recently, with the rising cases of coronavirus disease (COVID-19), some of the leading players like Zomato, McDonald’s Corporation and Domino’s Pizza Inc. have introduced contactless delivery services. These services ensure that the food is delivered safely to the customer with adequate social distancing measures. Moreover, some leading companies are also focusing on targeting non-peak eating times such as afternoon tea or late-night snacks, thereby expanding their product offerings. Looking forward, IMARC Group expects the market to grow at a CAGR of around 11% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Just Eat
- Delivery Hero
- Meituan Waimai
Market Breakup by Platform Type
Market Breakup by Business Model
- Order Focused Food Delivery System
- Logistics Based Food Delivery System
- Full-Service Food Delivery System
Market Breakup by Payment Method
- Cash on Delivery
Market Breakup Region
- North America
- Asia Pacific ( excluding china)
- Rest of the World
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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