Global Online food delivery services market

Global Online Food Delivery Services Market Size, Share, Growth Analysis, By Type(Restaurant-to-Consumer, Platform-to-Consumer), By Channel Type(Websites/Desktop, Mobile Applications) - Industry Forecast 2024-2031

Report ID: SQMIG45E2185 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 75

Global Online Food Delivery Services Market News

  • Zomato is an Indian multinational restaurant aggregator and food delivery company. The company reported in February 2023 that it had bought UberEats India. The buyout deal was valued at $3.3 billion. This purchase will make Zomato India’s largest online food delivery provider.
  • Swiggy is an Indian online food ordering and delivery platform. The company stated in January 2023 that it had raised $700 million in funding. This program was led by Invesco Asset Management. Swiggy will use the money to expand its operations in India and also spread to other countries in Southeast Asia.
  • Wolt is a Finnish technology company known for its delivery platform for food and merchandise. The company was bought by DoorDash in March 2023. The buyout dela was valued at $8 billion. This purchase will make DoorDash Europe’s largest online food delivery service provider.
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The Global Online food delivery services market size was valued at USD 50.70 billion in 2021 and is poised to grow from USD 60.18 billion in 2022 to USD 237.17 billion by 2030, growing at a CAGR of 18.7% in the forecast period (2023-2030).

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.

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