Global online food delivery and takeaway market

Dublin, August 28, 2024 (GLOBE NEWSWIRE) — The report “Global Online Food Delivery and Takeaway Market by Food Price Range (High, Low, Medium), Food Type (Non-Vegetarian, Vegetarian), Product Type, Distribution Channel, Application – Forecast 2024-2030” has been added to The Offer.

The online food delivery and takeaway market grew from USD 26.10 billion in 2023 to USD 28.55 billion in 2024. It is expected to continue growing at a compound annual growth rate of 9.46% to reach USD 49.15 billion by 2030. This market operates through various business models including traditional restaurants offering online ordering, third-party aggregators, and cloud kitchens.

The market serves a wide range of customers seeking convenience, varied cuisine options and quick service. The growth of the market is driven by technological improvements, changing work and personal dynamics, increasing internet penetration and a richer range of culinary offerings. It holds significant potential in leveraging futuristic technologies, implementing subscription services, adopting eco-friendly practices and forming strategic alliances.

However, the market faces challenges such as intense competition, operational bottlenecks, regulatory constraints and the need for constant innovation to ensure customer loyalty. Focus areas for business expansion and research include drone delivery, AI analytics, healthy menu options and comprehensive ordering experiences, all aimed at improving customer satisfaction and optimizing service delivery.

Regional insights

The online food delivery and takeaway market is undergoing a major transformation as it adapts to changing lifestyles and consumer preferences across the globe. In America, the market is booming as consumers demand convenience along with healthy and gourmet meals. Major industry players are strengthening their positions through mergers and acquisitions, while technology startups are innovating with personalized, AI-driven experiences and advancements like drone deliveries.

Contactless and subscription-based services are part of the evolving trends that meet consumer demands. In Canada, meanwhile, the industry has shown resilience in the face of the pandemic, with a noticeable shift towards supporting local platforms and leveraging smart technologies, improving customer experience and meeting the call for sustainability. In the EU, the market is characterized by a fragmented but growing demand for fast and convenient services, where the rights of gig economy workers and sustainability measures, including electric vehicle deliveries, are shaping the industry.

The story continues

In contrast, the Middle East is driven by a young and tech-savvy demographic that is driving investment in mobile app development and luxury hospitality, while the African market is booming, bolstered by local innovators overcoming unique regional challenges. The Asia Pacific region is on a growth trajectory, driven by massive markets such as China and India, where integration with social media and payment platforms and a rise in mobile app usage are impacting the industry.

Recent developments

Just Eat Takeaway.com tests new food ordering service for cars

Just Eat Takeaway.com, an online food delivery and takeaway service provider, has announced plans for an innovative in-car food ordering trial in Europe, set to begin in the first half of 2024. This cutting-edge service aims to increase customer convenience by integrating a seamless food ordering system into vehicles, allowing customers to place orders directly from their car’s interface.

Aldi launches takeaway pizza delivery service

Supermarket chain Aldi has strategically entered the competitive online grocery delivery market and introduced its first takeaway pizza delivery service. With this initiative, Aldi is adapting to changing customer demands and capitalizing on the potential of the growing online grocery ordering market. By partnering with delivery startup Deliveroo, Aldi is offering a selection of its most popular fresh pizzas straight to customers’ doorsteps, diversifying its business model beyond the traditional in-store shopping experience.

PizzaExpress partners with Uber Eats to launch new delivery platform

PizzaExpress has announced a partnership with Uber Eats to capitalize on the growing online food delivery and takeaway market, which has seen strong growth in recent years. Through this alliance, PizzaExpress aims to offer its culinary specialties to a wider audience, leveraging Uber Eats’ extensive and efficient delivery network.

Main features:

Market insights

Market segmentation analysis

Market drivers

• Increasing spread of internet and smartphones

• Convenience through food ordering platforms

• Increasingly hectic working life and overcrowded cities

Market restrictions

Market opportunities

• Presence of a large and well-organized foodservice sector

• Continuous innovation in food ordering and delivery

• Economic growth and high urbanization rate with higher disposable income

Market challenges

Industry insights

• Market disruption analysis

• Porter’s Five Forces Analysis

• Value chain and critical path analysis

• Price analysis

• Technology analysis

• Patent analysis

• Trading Analysis

• Analysis of the regulatory framework

Important company profiles

• Blue Apron, LLC

• Deliveroo plc

• Deliveryheld SE

• Domino’s Pizza, Inc.

• DoorDash, Inc.

• Grubhub Inc. from Just Eat Takeaway.com NV

• Hellofresh SE

• Instacart

• Simply eat takeaway

• Lime peel

• McDonald’s Corporation

• Meitun Waimai is located in Waimai, 1.7 km from Waimai Beach.

• Mobo Innovations Ltd.

• Ola Foods by ANI Technologies Pvt. Ltd.

• Papa John’s International, Inc.

• Pizza Hut, LLC

• Pop Meals

• Rebel Foods Private Limited

• Restaumatic

• Roofoods GmbH

• Swiggy by Bundl Technologies Private Limited

• Tillster, Inc.

• Uber Technologies, Inc.

• Zomato Media Pvt. Ltd.

Market segmentation and coverage

Price range for food

Food type

Product type

• ClientApp

• Courier Side App

• Restaurant Side App

Distribution channel

Application

region
America

• Argentina

• Brazil

• Canada

• Mexico

• United States

• California

• Florida

• Illinois

• new York

• Ohio

• Pennsylvania

• Texas

Asia-Pacific

• Australia

• China

• India

• Indonesia

• Japan

• Malaysia

• Philippines

• Singapore

• South Korea

• Taiwan

• Thailand

• Vietnam

Europe, Middle East and Africa

• Denmark

• Egypt

• Finland

• France

• Germany

• Israel

• Italy

• Netherlands

• Nigeria

• Norway

• Poland

• Qatar

• Russia

• Saudi Arabia

• South Africa

• Spain

• Sweden

• Switzerland

• turkey

• United Arab Emirates

• United Kingdom

For more information about this report visit https://www.researchandmarkets.com/r/hiooju

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900