Global Online Food Delivery Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2020-2026

Online Food Delivery Market report provides the latest market data along with industry future trends, which keeps tracking of users driving the revenue growth rate of the online food delivery market by service type (restaurant-controlled, independent, food app services, others), channel type (websites/desktop, mobile applications), mode of transaction (cash on delivery, online) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players in the online food delivery market it includes the five years Industry analysis and the 6 years annual forecast from 2020 to 2026.

Some of the prominent participants in the global online food delivery market are DoorDash, Delivery Hero SE, Zomato™ Pvt Ltd, Uber Eats, Deliveroo, GrubHub, OLO, Inc, Snapfinger, Inc., and Tillster, Inc. The global online food delivery market is projected to grow at a CAGR of 19.58% over the forecast period of 2020-2026.

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Growing Use of Smartphones Phones and Increasing Internet Penetration Are Aiding the Growth of The Online Food Delivery Market Across the World

The growing use of smartphone phones and increasing internet penetration are aiding the growth of the online food delivery market across the world. According to the GSM Association’s State of Mobile Internet Connectivity 2020 report, internet users are growing by an average of more than one million new users every day. Currently, there are 5.11 billion unique mobile users in the world, which increased by 100 million in 2018. In addition, there were 4.39 billion internet users in 2019, with an increase of 366 million or 9 percent from January 2018. Furthermore, the growing use of smartphones is also driving the change in consumers’ eating habits. The transformation from dining out culture to the eating in culture is also playing a major role in the growth of the market. In recent years, online food delivery has witnessed numerous strategic alliances with several fintech companies, major food brands as well as diversified hospitality companies.

Several online food delivery apps have also integrated payment gateways, such as digital wallets, into existing platforms to provide a flawless ordering and payment experience. However, multiple factors including the highly volatile prices of the food industry, high third-party reliance, and an unstable customer base restrict the growth of the online food delivery market. Moreover, increasing focus on data-driven user experience optimization is expected to create immense growth opportunities for online food delivery players.

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The Asia Pacific Held the Largest Share in The Global Online Food Delivery Market

Geographically, Asia Pacific held the largest share in the global online food delivery market and is expected to continue its dominance over the forecast years. China is the key revenue generator in the region due to the presence of a large number of online food service providers. Chinese online food delivery market is a duopoly dominated by Ele. I and Meituan and these two delivery apps control a 90% share of China’s food delivery market. A major factor contributing to the growth of the Chinese market is the intense competition between online food delivery apps in China due to which consumers often receive steep discounts and coupons, making ordering food cheaper than eating it in a house. In addition, factors such as a large consumer base and rising smartphone and internet penetration in countries such as China and India further boost the market expansion.

Online Food Delivery Market: Segmentation

The report on the global online food delivery market covers segments such as service type, channel type, and mode of transaction. On the basis of service type, the sub-markets include restaurant-controlled, independent, food app services, and others. On the basis of channel type, the sub-markets include websites/desktop and mobile applications. On the basis of mode of transaction, the sub-markets include cash on delivery, and online.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of online food delivery.

=> Complete coverage of all the product types and applications segments to analyze the trends, developments, and forecast of market size up to 2026.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.