Global Food Delivery
Market Report
2024
The Global Food Delivery market size is USD 156.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 12.5% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Food Delivery market size is USD 156.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 12.5% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Food Delivery Market Sales Revenue 2023 | $ 156.8 Billion |
Global Food Delivery Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.5% |
North America Food Delivery Market Sales Revenue 2023 | $ 47.04 Billion |
North America Food Delivery Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.5% |
Europe Food Delivery Market Sales Revenue 2023 | $ 40.77 Billion |
Europe Food Delivery Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11% |
Asia Pacific Food Delivery Market Sales Revenue 2023 | $ 59.8 Billion |
Asia Pacific Food Delivery Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 14% |
South America Food Delivery Market Sales Revenue 2023 | $ 6.27 Billion |
South America Food Delivery Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.2% |
Middle East and Africa Food Delivery Market Sales Revenue 2023 | $ 3.14 Billion |
Middle East and Africa Food Delivery Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.4% |
Market Split by Type |
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Market Split by Platform |
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Market Split by Model |
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Market Split by Payment |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Food Delivery Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Key players in the food delivery market employ various strategies to maintain and enhance their market presence. These strategies include product innovation, such as long-lasting formulations and diverse color ranges, aggressive marketing campaigns leveraging social media and influencer partnerships, expanding e-commerce channels, and emphasizing sustainability with eco-friendly packaging. Additionally, they invest in research to understand consumer preferences and trends, ensuring their products align with evolving beauty and fashion standards. Implementing these strategies enables major players to secure a substantial market share and stay competitive in the ever-evolving Food Delivery market.
For instance, DoorDash, Inc. (NYSE: DASH) has finalized the acquisition of Bbot, a hospitality technology startup, augmenting its Platform with expanded solutions for in-store and online channels, including digital ordering and payments.
(Source: www.prnewswire.com/news-releases/doordash-enters-definitive-agreement-to-acquire-bbot-301492224.html)
The constant evolution of technology acts as a potent driver for the food delivery market. Advanced mobile apps, GPS tracking, and real-time order monitoring enhance the overall user experience, fostering convenience and accessibility. The seamless integration of Artificial Intelligence (AI) and data analytics optimizes route planning and order accuracy, streamlining operations for both consumers and delivery personnel. These technological advancements not only elevate the efficiency of food delivery services but also cater to the growing demand for instant, transparent, and personalized experiences, shaping the market's trajectory towards innovation and customer-centricity.
The changing lifestyles of consumers, marked by hectic schedules and an increasing preference for convenience, emerge as a pivotal driver propelling the food delivery market. The fast-paced nature of modern life prompts individuals to seek quick, hassle-free meal solutions, turning to food delivery services for their time-saving attributes. Moreover, the evolving culinary preferences and a heightened awareness of diverse global cuisines contribute to the growing demand for a wide array of food options accessible at the fingertips. As consumers embrace the fusion of convenience and culinary exploration, the food delivery market experiences an upsurge in demand, shaping the industry's response to changing preferences.
The food delivery market grapples with the restraint of an economic downturn as the global financial landscape faces uncertainties. Reduced consumer spending, a direct consequence of economic challenges, hampers the growth trajectory of the market. The pandemic-induced economic downturn has compelled consumers to reassess discretionary spending, impacting their willingness to indulge in food delivery services. This restraint necessitates strategic adaptations by market players to align with changing consumer budgets and preferences, fostering resilience amidst the economic headwinds.
The COVID-19 pandemic profoundly impacted the food delivery market, witnessing both a surge in demand and operational challenges. With lockdowns confining consumers to their homes, there was a notable uptick in food delivery orders. Restaurants, adapting to the situation, increasingly relied on delivery and takeout services. However, closures of dine-in options, economic uncertainties, and safety concerns posed hurdles. Smaller establishments faced survival challenges, and supply chain disruptions influenced market dynamics. The pandemic thus created a complex landscape for the food delivery industry, with shifts in consumer behavior and operational adaptations reshaping the market.
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In the competitive Food Delivery Market, major players vie for dominance through strategic initiatives, technological advancements, and product diversification. These industry leaders, known for their diverse offerings and robust global distribution networks, regularly engage in partnerships, acquisitions, and product innovations to bolster their market position.
Top Companies Market Share in Food Delivery Industry: (In no particular order of Rank)
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Global Food Delivery Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Food Delivery Industry growth. Food Delivery market has been segmented with the help of its Type, Platform Model, and others. Food Delivery market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, in the food delivery market, "restaurant prepared food delivery" emerges as the dominant category, reflecting the widespread consumer inclination towards the convenience of ordering ready-to-eat meals from diverse eateries.
The fastest-growing segment, "meal kit delivery," gains prominence as consumers increasingly embrace the concept of receiving pre-portioned ingredients with accompanying recipes for home-cooked meals. This category's notable growth is attributed to its fusion of convenience and the rising trend of cooking at home, catering to evolving consumer lifestyles and preferences that prioritize both ease of preparation and the enjoyment of homemade meals.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Food Delivery Industry. Request a Free Sample PDF!
According to Cognitive Market Research, in the food delivery market, online platforms have emerged as the dominant category, revolutionizing the way consumers access a variety of culinary offerings. The convenience and accessibility of online ordering have propelled its widespread adoption, particularly accentuated during the pandemic.
The fastest-growing category is online to offline (O2O), representing a dynamic blend of online convenience and traditional dining experiences. O2O's innovative approach, integrating digital platforms with in-person dining, resonates with consumers seeking a hybrid solution. This category's rapid growth underscores the evolving preferences of consumers who value the flexibility of online ordering alongside the experiential aspect of offline dining.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Food Delivery market report 2024 Edition by contacting our team.
According to Cognitive Market Research, the aggregators model takes precedence in the food delivery market, serving as the dominant force with its centralized Platform consolidating a diverse range of restaurant options. Renowned for offering consumers a multitude of choices within a singular interface, this model prioritizes convenience and flexibility in dining preferences.
The fastest-growing category, the full-stack model, is witnessing a surge in popularity. Driven by the demand for end-to-end service management, it ensures a seamless ordering experience coupled with comprehensive control over the delivery process, aligning with evolving consumer expectations in the dynamic landscape of food delivery services.
According to Cognitive Market Research, in the food delivery market, online payment stands out as the dominant category, reflecting the widespread adoption of digital transactions for enhanced convenience and efficiency. This shift mirrors the broader trend toward cashless transactions.
The fastest-growing category is cash on delivery, indicating the sustained preference among a segment of consumers for traditional payment methods. This duality highlights the market's adaptability, successfully catering to both tech-savvy users and those who still favor the familiarity of paying in cash upon the delivery of their food orders.
According to Cognitive Market Research, the Asia Pacific region assumes a leadership role in the Food Delivery Market, driven by its robust and well-established presence. Fueled by a dense population and a growing preference for digital services, particularly in densely populated urban areas, the region has emerged as a powerhouse in the food delivery sector. The combination of a diverse culinary landscape and technological advancements has created a thriving ecosystem, solidifying the Asia Pacific's position at the forefront of the global food delivery market.
North America emerges as the region undergoing the most rapid expansion in the Food Delivery Market. Dynamic consumer preferences, a robust digital infrastructure, and a cultural shift towards convenience propel this growth. As the demand for quick and efficient food delivery services rises, North America stands at the forefront of innovation, witnessing the introduction of new technologies and evolving business models. The region's receptiveness to these advancements positions it as a pivotal player in the rapidly expanding landscape of food delivery services.
The current report Scope analyzes Food Delivery Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, North America held the major market share in 2023 and accounted for more than 30% of the global revenue. In the realm of the Food Delivery market, North America emerges as the fastest-growing region. This dynamic growth is underscored by a substantial market size of 47.04 billion USD and an impressive Compound Annual Growth Rate (CAGR) of 10.5%. North America's rapid expansion can be attributed to shifting consumer preferences, a strong digital infrastructure, and a cultural inclination towards convenient dining experiences. The market's momentum in this region is further fueled by innovations in technology and the continuous adaptation of business models to meet the evolving demands of consumers. As North America experiences a surge in demand for food delivery services, it stands at the forefront of industry growth, shaping trends and pioneering advancements in the global Food Delivery market.
According to Cognitive Market Research, Europe holds a significant stake, contributing approximately 26% to the global Food Delivery market. Projections indicate a robust growth trajectory with an anticipated 11% Compound Annual Growth Rate (CAGR) over the forecast period, resulting in a market size of approximately 40.77 billion USD. In Europe's Food Delivery market, the Meal Kit Delivery segment stands out for its notable growth, responding to consumers' desire for convenient and diverse meal options. Online payments dominate the payment landscape, reflecting the region's inclination toward digital transactions. While online platforms continue to lead, the Online to Offline (O2O) model gains traction. Europe's diverse culinary preferences and technological adoption contribute to its substantial market presence, establishing the region as a pivotal player in shaping the global Food Delivery industry.
According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 38% of the global revenue. This dominance is underscored by a robust market size of 59.8 billion USD and an impressive Compound Annual Growth Rate (CAGR) of 14%. The region's prominence is fueled by a densely populated consumer base, a rapidly growing digital infrastructure, and a cultural shift towards convenient dining solutions. As the market experiences exponential growth, key players are leveraging technological innovations to cater to the diverse culinary preferences of consumers. Asia Pacific's commanding position not only reflects its substantial market size but also signifies its pivotal role in shaping the global trajectory of the Food Delivery market, where rapid growth and technological advancements converge to meet evolving consumer demands.
According to Cognitive Market Research, Latin America, contributing approximately 4% to the global Food Delivery market, is poised for significant growth; it anticipates a Compound Annual Growth Rate (CAGR) of 12.2% over the forecasted period, leading to an estimated market size of around 6.27 billion USD. The region's Food Delivery market showcases significant growth in the Meal Kit Delivery segment, propelled by evolving consumer preferences for convenient and diverse meal options. Latin America, while currently a smaller player, is characterized by a growing acceptance of online payments, indicating a shift towards digital transactions. In this dynamic market, Latin America stands out for its potential to embrace emerging models and platforms, positioning itself as an evolving contributor to the global Food Delivery landscape
According to Cognitive Market Research, In the Middle East and Africa, contributing to approximately 2% of the global Food Delivery market, the industry is set for substantial expansion, expecting a Compound Annual Growth Rate (CAGR) of 12.4% throughout the forecast period, resulting in an estimated market size of approximately 3.14 billion USD. Noteworthy growth is observed in the Restaurant Prepared Food Delivery segment, aligning with evolving consumer preferences for diverse culinary experiences. Dominating this market is the Online Payment segment, reflecting the increasing shift towards digital transactions. As for the fastest-growing region, the Middle East and Africa showcase unparalleled potential, leveraging technological innovations to enhance the food delivery ecosystem and position as a pivotal influencer in shaping the global industry.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Food Delivery Market is witnessing significant growth in the near future.
In 2023, the Meal Kit Delivery segment accounted for noticeable share of global Food Delivery Market and is projected to experience significant growth in the near future.
The Online segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies DoorDash , Grubhub and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Meal Kit Delivery, Restaurant Prepared Food Delivery, Grocery Delivery, Veggie Box Delivery |
Platform | Online, Offline, Online to Offline (O2O) |
Model | Platform to Customer, Aggregators, Full-Stack Model, Restaurant-to-Consumer Model |
Payment | Online Payment, Cash on Delivery |
List of Competitors | DoorDash, Uber Eats, Grubhub, Postmates, Just Eat, Deliveroo, Zomato, Swiggy, Meituan Waimai, Ele.me, Delivery Hero, Glovo, Rappi, iFood, Takeaway.com, Delivered, DeliverClub, Talabat, Wolt |
This chapter will help you gain GLOBAL Market Analysis of Food Delivery. Further deep in this chapter, you will be able to review Global Food Delivery Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Food Delivery Market Trends North America Food Delivery Technological Road Map North America Food Delivery Market Drivers North America Food Delivery Market Restraints North America Food Delivery Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Platform Analysis 2019 -2031
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Chapter 12 Market Split by Model Analysis 2019 -2031
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Chapter 13 Market Split by Payment Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Food Delivery market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Meal Kit Delivery have a significant impact on Food Delivery market? |
What are the key factors affecting the Meal Kit Delivery and Restaurant Prepared Food Delivery of Food Delivery Market? |
What is the CAGR/Growth Rate of Online during the forecast period? |
By type, which segment accounted for largest share of the global Food Delivery Market? |
Which region is expected to dominate the global Food Delivery Market within the forecast period? |
Segmentation Level Customization |
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