Online On-Demand Food Delivery Services Market by Business Model and Geography - Forecast and Analysis 2020-2024
- Published: Apr 2020
- Pages: 120
- SKU: IRTNTR43491
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The online on-demand food delivery services market size will grow by $44.23 billion during 2020-2024. The market’s growth momentum will accelerate during the forecast period because of the increase in year-over-year growth.
This report provides a detailed analysis of the market by business model (order-focused food delivery services and logistics-focused food delivery services) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Alibaba Group Holding Ltd., Delivery Hero SE, Glovoapp23 SL, Grab Holdings Inc., Grubhub Inc., Just Eat Takeaway.com NV, Meituan Dianping, Postmates Inc., Roofoods Ltd., and Zomato Media Pvt. Ltd.
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Market Competitive Analysis
The online on-demand food delivery services market is fragmented. Alibaba Group Holding Ltd., Delivery Hero SE, and Glovoapp23 SL are some of the major market participants. The established vendors enjoy a moderate advantage over their competitors owing to their network penetration and scale of operations. Vendors are also entering into M&A with other players in the market to expand their customer base. Although the growing consumer demand for convenient food ordering will offer immense growth opportunities, the growing threat from direct delivery services offered by restaurants will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this online on-demand food delivery services market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this online on-demand food delivery services market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Alibaba Group Holding Ltd.
- Delivery Hero SE
- Glovoapp23 SL
- Grab Holdings Inc.
- Grubhub Inc.
- Just Eat Takeaway.com NV
- Meituan Dianping
- Postmates Inc.
- Roofoods Ltd.
- Zomato Media Pvt. Ltd.
Online On-Demand Food Delivery Services Market: Segmentation by Geography
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APAC was the largest online on-demand food delivery services market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Increased investments by vendors to improve the efficiency of logistics and the rising consumer willingness to spend on food delivery services will significantly drive online on-demand food delivery services market growth in this region over the forecast period.
59% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for online on-demand food delivery services in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Online On-Demand Food Delivery Services Market: Segmentation by Business Model
The order-focused food delivery services business model predominantly involves the software-based aggregation of orders. As a result, the market vendors have a high potential for scalability, contributing to the online on-demand food delivery services market growth.
The online on-demand food delivery services market share growth by the order-focused food delivery services segment will be faster than the growth of the market by the logistics-focused food delivery services segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the online on-demand food delivery services market size.
Online On-Demand Food Delivery Services Market: Key Drivers and Trends
With the rising penetration of e-commerce and Internet-enabled devices, consumers are increasingly preferring to order food through online food delivery options. Online ordering is highly preferred by tech-savvy consumers over conventional on-premise dining due to factors such as low costs and the availability of a large variety of dishes. The rising demand among consumers because of the convenience involved in ordering food online is driving the need for online on-demand food delivery services. Considering the high demand for online food, vendors are increasingly investing in technology to improve various aspects of their businesses. This will subsequently drive market growth over the forecast period.
- Online on-demand food delivery services market trends such as the rising popularity of social media in online on-demand food delivery will also influence market growth.
- Social media is a key channel for marketing and promotional activities including promotional codes.
- Social media also provides a platform for online on-demand food delivery service providers to directly connect and engage with customers.
- Vendors are increasingly partnering with social media websites to expand their customer base.
- Grubhub and Doordash have already partnered with Facebook to operate its new food delivery platform.
- As a result of such factors, the market will register a CAGR of almost 7% during 2020-2024.
Online On-Demand Food Delivery Services Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive online on-demand food delivery services market growth during the next five years
- Precise estimation of the online on-demand food delivery services market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the online on-demand food delivery services industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of online on-demand food delivery services market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Increasing partnerships between restaurants and online food delivery aggregators
- Influence of social media
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