Online Food Delivery and Takeaway Market:
Online food delivery is the process of ordering food or takeout from a local restaurant through a webpage or app. There are several advantages of online food delivery and takeaway such as easier order processing, transparent pricing, minimization of human error, and a larger variety available to the consumer apart from the ease of ordering food using one’s mobile phone while sitting at home or at the workplace.
This report analyses the current status of the Global Online Food Delivery and Takeaway market, outlines the key market drivers and the bases for market segmentation, and studies the trends of this market from 2019 till 2024, using 2018 as historical research base.
The Global Online Food Delivery and Takeaway market was valued at USD 53578.5 million in 2018, and it is anticipated to grow at a robust CAGR of 16.46% during the forecast period. This growth could be attributed to the growing young population, increased access to smartphones, and an increasing number of consumers opting for online delivery of food due to convenience and ease of getting food delivered at their doorstep.
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The Global Online Food Delivery and Takeaway market has been segmented based on the order type and geographical region.
Depending on the order type, the Online Food Delivery and Takeaway market can be split into:
Of the two, the delivery segment holds the major part of the market share in the total food delivery and takeaway market, and is anticipated to grow at a faster rate during the forecast period, due to rise in busy work schedules, double income households, hectic lifestyles, increase in smart phone usage, preference for fast food as well as a wider variety of cuisine, and wider availability of online food platforms such as Swiggy, UberEats, Zomato, Food Panda, as well as pizza chains such as Dominos and Pizza Hut to name a few.
Company Analysis – Delivery Hero Holding GmbH, Foodpanda GmbH, Just Eat Holding Ltd, Takeaway.com N.V., Grubhub Inc, Domino’s Pizza Inc, Pizza Hut Inc, Foodler Inc, Deliveroo, Ubereats
North America, Europe, Asia Pacific, Latin America, and the Rest of the World are the major regions for the Online Food Delivery and Takeaway market across the world.
It is expected that among the regions, North America will grow at the highest rate, mainly due to the presence of large and the well-organized food service sector and increasing innovation in the food delivery segment, an overall rise in per capita income as well as high urbanization. On the other hand, Europe is expected to witness a satisfactory growth in the global market, while the Asia-Pacific region is projected to exhibit a higher growth rate over the forecast period, due to growth in e-commerce, desire for convenient meals, and increasing disposable income.
In July 2019, Amazon announced that it would launch its online food delivery business in India. In partnership with Catamaran, a company founded by Infosys founder Narayana Murthy, Amazon has begun hiring staff for this new venture and plans to launch it ahead of the festive season.
In 2019, London-based Just Eat hinted at a possible agreement with Takeaway.com, a leading online food delivery platform in Europe.
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