According to IMARC Group’s latest report, titled “Online Food Delivery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 106.1 Billion in 2021. Online food delivery refers to the procedure of placing a food order through websites and mobile applications. These systems are commonly categorized into restaurant-to-consumer and platform-to-consumer delivery. Online food delivery applications offer filters and different types of payment methods, such as cash on delivery, net banking, food coupons, and credit/debit card. It enables consumers to create an account for hassle-free ordering, faster checkout, easier menu comparisons, and minimum human interaction.
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The proliferation of smartphones, availability of high-speed internet, and expansion in the food and beverage (F&B) industry are majorly driving the global market growth. Additionally, consumers are increasingly shifting toward online food delivery as they offer diverse food options, discounts, door-step delivery, and secured payment gateways. Moreover, these service providers are implementing promotional strategies by identifying recurring consumers and taste patterns, which is acting as a growth-inducing factor. Apart from this, rapid urbanization and continuous upgradation of the distribution network are creating a positive outlook for the market. Looking forward, IMARC Group expects the online food delivery market to reach US$ 223.7 Billion by 2027, exhibiting at a CAGR of 11.44% during 2022-2027.
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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:
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
Asia Pacific ( excluding china)
Rest of the World
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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