Online Food Delivery Services Market Updates

Online Food Delivery Services Market size was valued at USD 71.44 Billion in 2023 and is poised to grow from USD 84.8 Billion in 2024 to USD 334.17 Billion by 2032, growing at a CAGR of 18.7% during the forecast period (2025-2032).

The online food delivery services market’s competitive environment is made up of industry participants striving to gain market share. Market leaders consisted of Grubhub, DoorDash, and UberEats, among others. These companies, along with regionally dominant platforms, were at the top of the market. 'Grubhub (now part of Just Eat Takeaway.com)', 'Swiggy', 'UberEats (Uber)', 'Zomato', 'Deliveroo', 'Ele.me (Alibaba Group)', 'Just Eat Takeaway.com', 'Meituan Dianping', 'DoorDash', 'Foodpanda (Delivery Hero)', 'Caviar (Square, Inc.)', 'UberEats Pass (Uber)', 'Rappi', 'Postmates (Uber)', 'SkipTheDishes (Just Eat Takeaway.com)', 'Seamless (Grubhub)', 'GoPuff', 'Glovo', 'DoorDash Drive', 'UberRUSH (Uber)'

The market’s growth has resulted from one major driver. Consumers opt to order food online as digital transformation has made it more convenient. Thanks to smartphones, whose usage has gone up in recent times, and widespread internet access, food delivery has been made much easier.

Ghost Kitchens and Cloud Kitchens: Cloud kitchens, a.k.a ghost kitchens or virtual kitchens have risen in popularity. This is a notable trend in the online food delivery services market. These facilities only cater to online food orders. These ghost kitchens don’t need maintenance like traditional dine-in areas, thus reducing overhead costs. Restaurants can also diversify their delivery services with the help of this trend.

The United States has largely contributed to market growth in North America, which holds the top position in the market. The U.S. has been there since day one in the revolution of online food delivery. The country houses many major market participants. They include DoorDash, UberEats, and Grubhub. Other factors that have cemented the region’s supremacy in the market are busy lifestyles, tech-savvy population, and a flourishing food service industry.