Online Food Delivery Market Size, Major Drivers And Trends By 2028

Online Food Delivery Industry Overview

The global online food delivery market size was valued at USD 189.70 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.8% from 2022 to 2028.

The market is mainly driven by the rising number of smartphone and internet users, coupled with the growing trend toward food delivery mobile applications across the globe. According to the GSMA, in 2019, there were 5.2 billion smartphone connections, and by the end of 2020, it has been predicted that half of the people in the world will have access to mobile internet services. Therefore, the rising number of smartphone and internet users encourages the demand for online food delivery platforms that further contributes to the market growth. The growing trend toward online food delivery mobile apps and growth in the food industry in the emerging economies are other factors that are contributing to the growth of the market.

Gather more insights about the market drivers, restrains and growth of the Global Online Food Delivery Market

U.S. online food delivery market size, by type, 2019 - 2028 (USD Billion)

The expansion of the various food delivery aggregators such as Zomato, Swiggy, and Doordash Inc. further increases online delivery adoption across the globe. Additionally, significant integration of smart AI and smart technology by the food delivery platforms for customer convenience is expected to provide ample growth opportunity to the market. In addition, technological innovations such as food delivery by drones and robots are the latest technology trends in the online food delivery industry that are projected to propel market growth in the near future.

The Covid-19 outbreak positively impacted the market as the adoption of online food delivery platforms increased as millions of people are being asked to stay home to enclose the health crisis. The online food platform became one of the main protagonists during the COVID-19 pandemic. With the COVID-19 pandemic, the online food delivery service providers have witnessed a significant increase in revenue and online orders owing to the increased consumer demand for online food delivery due to restrictions. The restaurants and various food chains increasingly used online food delivery platforms to facilitate both delivery and take-out during the outbreak that further contributes to the market expansion.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

  • Smart Home Platforms Market - The global smart home platforms market size was valued at USD 20.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.9% from 2022 to 2028.
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Key Companies profiled:

Some prominent players in the global online food delivery market include

  • Doordash Inc.
  • com Group B.V.
  • Roofoods Limited (Deliveroo)
  • Grubhub
  • Delivery Hero SE
  • Uber Technologies Inc.
  • Waiter.com, Inc.
  • Zomato Limited
  • Domino’s Pizza, Inc.
  • Papa John's International, Inc.
  • me (Ali baba)
  • Pizza Hut
  • McDonald's Corp.

Order a free sample PDF of the Online Food Delivery Market Intelligence Study, published by Grand View Research.

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