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Food Delivery Market To Reach USD 505.50 Billion By Year 2030

Food Delivery Market Size Was Valued at USD 221.65 Billion in 2022, and is Projected to Reach USD 505.50 Billion by 2030, Growing at a CAGR of 13.4% From 2023-2030.

25-01-2024
Swati Kalagate
Food and Beverages
Pristine Intelligence

Market Overview:

Food Delivery Market Size Was Valued at USD 221.65 Billion in 2022, and is Projected to Reach USD 505.50 Billion by 2030, Growing at a CAGR of 13.4% From 2023-2030.

In a Food Delivery Market, food is delivered to a client by a restaurant, shop, or unaffiliated meal delivery service. A popular way to place an order is through a meal delivery service, a restaurant or grocery store's website, or a mobile app. A comprehensive sales channel for the restaurant is provided by an online ordering and delivery system, in the company's opinion. This implies that the restaurant may utilize it as a tool to increase earnings and improve organization. Additionally, it enables restaurant operators to reduce labor expenses and the amount of space required to accommodate such clients.

Top Key Players Covered in The Food Delivery Market:

    • Delivery Hero SE (Germany)
    • Uber Technologies Inc (US)
    • Just Eat Holding Limited (UK)
    • Jubilant FoodWorks Ltd (US)
    • Roofoods Ltd (Deliveroo) (UK)
    • Bundl Technologies Pvt. Ltd (Swiggy) (Indian),
    • com (Netherlands), and Other Major Players

Market Dynamics and Factors:           

Both conventional restaurants and places that exclusively serve take-out can keep feeding their customers due to food delivery. To get meals delivered to their doorsteps, customers would need to call the restaurant's phone. After the consumer has received the food, payment is frequently made via Cash on Delivery. Customers would want to have the choice to pay for their meals in a method that is convenient to them, even if COD payments are still widely accepted. A delivery service for meals offers consumers a variety of quick and safe payment choices, which perfectly answers that problem. A food delivery service solves exactly just that because it gives customers multiple payment method options that are fast and secure. Neat and clean service is a type of quality that people admire and want in their meals. When providing them with the same quality food service that advertises, then it would help to create goodwill. It is one of those characteristics that would make people choose your brand over competitors in the long term. To prioritize customers' expectations the companies can gather feedback, and a market research company specializing in the food delivery sector can impartially ask consumers what factors in a list are most important to them. Every aspect needs a keen approach like timely delivery, convenience, Delivery speed, Food quality, Overall price, Reviews and recommendations, Customer service, etc.

The Food Delivery Market Report Highlight:

    • By Type, the restaurant-to-consumer (R2C) segment is expected to register a significant market share. The restaurant-to-consumer (R2C) segment has emerged as a dominant force in the food delivery market, currently claiming over 70% of the global market share. This remarkable growth can be attributed to several factors. First and foremost, R2C services offer unparalleled convenience, allowing consumers to order food from their favorite restaurants from the comfort of their homes or offices.
    • By Platform Type, Mobile Application is likely to dominate in this area. A user-friendly mobile application is helping cater to the demands of ready-to-eat food products.
    • By Region, the Asia Pacific region has a huge population, which means there is a large customer base for food delivery companies to tap into. Moreover, with the growing middle class, more people have disposable income to spend on food delivery services. The region is experiencing rapid urbanization, with more people living in cities where they have less time to prepare their meals. This has created a demand for food delivery services that can deliver meals quickly and conveniently.

Key Industry Development:

In August 2023, Delivery Hero unveiled an innovative feature, "Delivery Hero Fulfillment," offering a streamlined solution for restaurants to efficiently fulfill online orders. This cutting-edge feature addresses a crucial aspect of the food delivery ecosystem, empowering restaurants with enhanced capabilities to manage and fulfill orders seamlessly.

In March 2023, DoorDash has recently revealed an exciting partnership with Chipotle Mexican Grill, signaling a major expansion in their delivery services. The collaboration encompasses all Chipotle restaurants across the United States, allowing customers to enjoy the convenience of DoorDash's extensive delivery network for their favorite Chipotle meals.

The Food Delivery Market Segmentation:

By Type

    • Restaurant to Consumer
    • Platform to Consumer

By Platform Type

    • Mobile/Tablet Applications
    • Websites

For this report, Introspective Market Research has segmented the Food Delivery Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

North America

    • The U.S.
    • Canada
    • Mexico

Eastern Europe

    • Russia
    • Bulgaria
    • The Czech Republic
    • Hungary
    • Poland
    • Romania
    • Rest of Eastern Europe

Western Europe

    • Germany
    • UK
    • France
    • Netherlands
    • Italy
    • Spain
    • Rest of Western Europe

Asia Pacific

    • China
    • India
    • Japan
    • Singapore
    • Australia
    • New-Zealand
    • Rest of APAC

Middle East & Africa

    • Turkey
    • Saudi Arabia
    • Qatar
    • UAE
    • Israel
    • South Africa

South America

    • Brazil
    • Argentina
    • Rest of SA
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