Syndicated Research Studies

Global Online Food Delivery Market Overview The global online food delivery market was valued at USD 288.84 billion in 2024 and is projected to grow to USD 505.50 billion by 2030, with a compound annual growth rate (CAGR) of 9.4% from 2025 to 2030. This growth is largely driven by the widespread penetration of smartphones and enhanced internet connectivity. As more consumers gain access to affordable smartphones and reliable high-speed internet, ordering food online has become increasingly convenient. Mobile applications and intuitive platforms have streamlined the ordering process, enabling customers to explore menus, place orders, and track deliveries with ease. These technological improvements have expanded the customer base, especially among younger demographics who favor digital solutions over traditional dining or phone orders. Additionally, evolving lifestyles and hectic urban schedules contribute to industry expansion. With longer work hours and busy routines, many individua...

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, ...