Online Food Delivery Services Global Market To Reach Value Of $192 Billion In 2025

The online food delivery services market consists of sales of online food delivery services and related services primarily for household consumption. The online food delivery services market includes all companies involved in distributing the packages received from hospitality establishments and have an online portal or an application for their sales. The food can be either ready-to-eat food or food that has to be specially prepared for direct consumption. Online food delivery service has two segments, restaurant-to-consumer delivery includes delivery of order directly by the concerned restaurant, whereas, Platform-to-consumer segment involves online delivery services that deliver orders of partner restaurants.

Global Online Food Delivery Services Market Size And Drivers:

The global online food delivery services market is expected grow from $115.07 billion in 2020 to $126.91 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global online food delivery services market is expected to reach $192.16 billion in 2025 at a CAGR of 11%. An increase in smartphone users has given a boost to online food delivery services worldwide.

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Trends In The Global Online Food Delivery Services Market

Upgradation of the distribution network to a more decentralized system, Distribution 4.0, is trending in the food delivery services market. In Distribution 4.0, suppliers partner with multiple players for the best market coverage between urban and rural markets, focusing their efforts on marketing, branding, and in-store merchandising to create best-in-class shopper experience. They are likely to partner with aggregators, e-comm delivery companies, rural distribution companies, and distribution arms of modern trade to drive coverage. E-commerce aggregator Amazon, has announced plans to team with many small-scale businesses, retail outlets, and rural supermarkets, to increase their last-mile connectivity. Therefore, the trend of Distribution 4.0 is envisioned to bring in some positive effects on the online food delivery services.

Global Online Food Delivery Services Market Segments:
The global online food delivery services market is further segmented –
By Type: Platform-to-Customer, Restaurant-to-Customer
By Channel Type: Websites, Mobile Applications
By Payment Method: Cash On Delivery, Online Payment
By Geography: The global online food delivery services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Online Food Delivery Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides online food delivery services market overviews, analyzes and forecasts market size and growth for the global online food delivery services market, online food delivery services market share, online food delivery services market players, online food delivery services market segments and geographies, online food delivery services market’s leading competitors’ revenues, profiles and market shares. The online food delivery services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.