Top Online Food Delivery Companies

Online Food Delivery Market size was valued at USD 71.43 Billion in 2023 and is poised to grow from USD 84.79 Billion in 2024 to USD 334.16 Billion by 2032, growing at a CAGR of 18.7% during the forecast period (2025-2032).

Key vendors in  Online Food Delivery Market are: 'Uber Eats (United States)', 'DoorDash (United States)', 'Just Eat Limited (Netherlands)', 'Grubhub (United States)', 'Deliveroo (United Kingdom)', 'Meituan Dianping (China)', 'Swiggy (India)', 'Zomato (India)', 'Foodpanda (Germany)', 'Postmates (United States)', 'Ele.me (China)', 'Rappi (Colombia)', 'Glovo (Spain)', 'Wolt (Finland)', 'iFood (Brazil)', 'Deliverect (Belgium)', 'Yandex.Eats (Russia)', 'Tock (United States)', 'Caviar (United States)', 'Seamless (United States)', 'Talabat (Kuwait)', 'Shipt (United States)'

Consumers now have access to a variety of various applications, including online meal delivery services, thanks to improved network connectivity and an increase in smartphone adoption. With the help of a smartphone, people may easily make orders with their favourite restaurants after browsing a list of them. Everywhere in the world, including rural areas, smartphones have made their way to the most isolated locations. The change in attitudes towards online purchasing among the rural people is partly due to the accessibility of e-commerce sites and food delivery services made possible by smartphone applications. A large increase in mobile internet users has also been seen over the past several years on a global scale. Remote access to mobile applications is made possible by the quick development of network infrastructure, which has increased network connectivity across developing economies.

The range of applications for AI and big data analytics has increased due to increased research and breakthroughs. The use of AI and big data analytics in online food delivery platforms will assist develop mobile applications and websites that offer users a customized experience with easy navigation and an attractive user interface. Based on their past preferences, present preferences, location, and reviews of other eateries, these intelligent applications will give customers better selections. The interactive aspect is a bonus because it encourages greater involvement, bringing it closer to parity with the traditional dine-in experience in restaurants. Big data analytics will examine consumer behaviour and process it in real-time to provide the best recommendations to app users.

Early adoption of app-based ordering and high consumer spending potential are helping North America spearhead global demand for online food delivery.