Home Restaurants Online On-Demand Food Delivery Services Market size to grow by USD 266.05 billion from 2022 to 2027; Market is fragmented due to the presence of prominent companies like Alibaba Group Holding Ltd., Bundl Technologies Pvt. Ltd, Curefoods India Pvt. Ltd., and many more – Technavio

Online On-Demand Food Delivery Services Market size to grow by USD 266.05 billion from 2022 to 2027; Market is fragmented due to the presence of prominent companies like Alibaba Group Holding Ltd., Bundl Technologies Pvt. Ltd, Curefoods India Pvt. Ltd., and many more – Technavio

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Online On-Demand Food Delivery Services Market size to grow by USD 266.05 billion from 2022 to 2027; Market is fragmented due to the presence of prominent companies like Alibaba Group Holding Ltd., Bundl Technologies Pvt. Ltd, Curefoods India Pvt. Ltd., and many more – Technavio

NEW YORK, Oct. 26, 2023 /PRNewswire/ — The online on-demand food delivery services market is estimated to grow by USD 266.05 billion from 2022 to 2027, growing at a CAGR of 24.64%. The online on-demand food delivery services market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer online on-demand food delivery services market are Alibaba Group Holding Ltd., Bundl Technologies Pvt. Ltd, Curefoods India Pvt. Ltd., Delivery Hero SE, Dominos Pizza Inc., DoorDash Inc., Dunzo Digital Pvt. Ltd., EatSure, Glovoapp23 SL, Grab Holdings Ltd., Grubhub Inc., HelloFood, HungryPanda Ltd., Just Eat Takeaway.com NV, Meituan Dianping, Movile, Rappi Inc., Talabat.com, Uber Technologies Inc, and Zomato Media Pvt. Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Download a Sample before buying

Company Offering:

  • Alibaba Group Holding Ltd. – The company offers online on-demand food delivery services-related equipment for various fast food shops.
  • Bundl Technologies Pvt. Ltd – The company offers online on-demand food delivery services to its customers across all major cities in India.
  • Delivery Hero SE – The company offers online on-demand food delivery services straight to customers’ doors.
  • For details on companies and their offerings – Buy a report!

By Geography, the market is classified as APAC, North America, Europe, Middle East and Africa, and South America. APAC will have the largest share of the market. APAC is estimated to account for 66% of the growth of the global market during the forecast period. This growth is attributed to factors such as increased investments by vendors to improve the efficiency of logistics and consumers’ readiness to spend on food delivery services. China and India are some of the key contributors to the online on-demand food delivery services market in APAC. Download a sample report to get more insights on the market share of various regions and the contribution of the segments.

  • Impactful driver- Increasing partnerships between restaurants and online food delivery aggregators
  • Key Trend – Influence of social media
  • Major Challenges – Growing threat from direct delivery services offered by restaurants

 Market Segmentation

  • By Type, the order-focused food delivery services segment will contribute significantly to the market’s growth during the forecast period. Market vendors act as third-party aggregators between restaurants and customers. Customers can compare the menu, prices, reviews, and ratings of multiple restaurants by registering on a website or mobile application. In this business model, the restaurant handles the delivery and logistics aspects.

Technavio Research experts have provided more insights on the market share of segments – View a Sample Report

Related Reports:
The food delivery market share in India is expected to increase by USD 716.53 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 28.13%.

The mobile food services (MFS) market size is estimated to grow at a CAGR of 8.84% between 2022 and 2027. The market size is forecast to increase by USD 15.04 billion.

Online On-Demand Food Delivery Services Market Scope

Report Coverage

Details

Historic period

2017-2021

Growth momentum & CAGR

Accelerate at a CAGR of 24.64%

YoY growth 2022-2023 (%)

23.16

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Key countries

US, China, Japan, South Korea, and UK

TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Business Segment

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact US:

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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