Sep 26, 2022. 3.1. [170 Pages Report] Online Food Delivery Market was valued at USD YY million in 2021. The global online food delivery market size reached a value of almost USD 213 billion in the year 2020. Reusable Coffee Cup Market Size to Hit USD 24.85 Billion by 2031; Increased Online Food Delivery, Higher Usage of Reusable Cups and Rising Need to Reduce the Plastic Use is to Elevate the Market . ET Looking forward, the market is expected to exhibit strong growth during 2021-2026. Food Delivery Services Market Overview: Food delivery service is the process of ordering food from a website or other application or by directly calling the restaurant. The expansion of the online food delivery market is predicted to be fueled by an increase in the number of food ordering apps, as well as increased smartphone and internet usage. The size of the food delivery market in Japan in 2018 was 408 Billion yen ($3.8 billion USD), which increased by 5.9% from the previous year. Online Food Delivery Market Size, Share, Trends, Analysis and Forecasts By Region and Outlet Type (Restaurant, Retail, Mobile Operator, Pub, Club and Bar), 2021-2026 . According to the new market research report 'Mobility as a Service Market by Service (Ride-Hailing, Car Sharing, Micro Mobility, Bus Sharing, Train), Solution, Application, Transportation, Vehicle, Operating System, Business Model, Propulsion and Region - Forecast to 2030', published by MarketsandMarkets, the Mobility as a Service market size is projected to reach $40.1 billion by 2030 . This is the only place we buy meat now. Food delivery involves the customer directly or indirectly, places their order with the restaurant, who then delivers the food to the customer by themselves or via a third-party company. The increasing use of smartphones and internet penetration are contributing to the market growth. The market has been growing with more and more service options, especially since Uber Eats expanded its business to Japan in September 2016. The data generated by the study further reveals that the market is likely to grow at a CAGR of 24.4% during 2022-2028 (forecast period). Increase in Internet Connectivity and Smartphone Users is Projected to Drive Delivery and Takeaway Food Market Growth. The industry is further expected to grow at a CAGR of 10.39% between 2021 and 2027 and is predicted to reach a market value of approximately USD 189.07 Billion by 2027. 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. Takeaway Food Delivery Market Size, Sales, CAGR And Competition Data from 2022 To 2029 with Top Countries Data | 97 Pages Report Published: Oct. 24, 2022 at 10:51 p.m. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. 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 . DoorDash raised $600 million last month to value it at $12.6 billion. 13 Company Profiles. Related Articles. The average American spends $67 on takeout per week. The global online food delivery market is expected to grow from USD 167.54 billion in 2022 to USD 432.32 billion by 2030, at a CAGR of 12.58% during the forecast period 2022-2030. . Foodservices Industry Mergers and Acquisitions Deals by Top Themes in Q1 2022 - Thematic Research . It painted a similar story to 2020, when Grab . Online Food Delivery Market Size by Type (Mobile Applications and Websites), Business Model (Order Focused Food Delivery Systems, Full-Service Food Delivery . The global online food delivery market is driven by the development of user-friendly applications. The size of the global market for Malaysia Online Food Delivery is expected to reach USD 189.70 billion by 2028, expanding at a compound annual growth rate (CAGR) of 10.8 f%. ET As for 0nline grocery, Deutsche Bank estimates that the $24 billion online grocery market will surge to 120$ billion by 2025. Let us assume that the population of Mumbai is 10 crores. But, here is how NOT to do a soft opening. An assessment of the competitive landscape and market shares for major companies. Market Size The food services market in India has shown consistent growth since Fiscal 2014 and was estimated at 4,096 billion in Fiscal 2019. Consumers have been held at home due to government-imposed lockdowns, preventing regular shopping habits. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 10.54% during the forecast period (2022-2029). Looking forward, the publisher expects the market to reach US$ 223.7 Billion by 2027, exhibiting a CAGR of 11.44% during 2022-2027. The rise in smartphone users has boosted the popularity of online food delivery businesses around the world. The total addressable market for online delivery is set to grow from $260 billion in 2017 to $325 billion in 2020and possibly $470 billion by 2025. The global online food delivery market size is worth of USD 121.57 Billion in the 2020. Online food delivery market includes analyses of the regional as well as global market, key players, market segments, application areas and growth strategies. Restraints On The Market +1-800-792-5285 (TOLL-FREE) . The US online food delivery market reached a value of US$ 21.2 Billion in 2020. The global frozen yogurt market is expected to reach a market valuation of USD 2.1 Bn by the year 2022, accelerating with a CAGR of 3.7% by 2022-2032.. It should come as no surprise then that online food delivery is set to supersize to a hefty $200 billion by 2025. The global online food delivery market reached a value of US$ 106.1 Billion in 2021. COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the . From 2019-2020, U.S. food delivery revenue increased by 17%, from $22 billion to $26.5 billion. According to market research firm Kantar TNS, Vietnam's online food delivery market is estimated to reach USD 449 million in 2023. Say YES to everyone who replied to the announcement email. The top six metros have a total market size of $ 700 mn roughly 94% of the overall market. I tried the tres leches cake in vanilla and chocolate, and both are incredible. Key food delivery statistics. China is the largest market for food delivery, with a market size of $27.3 billion in 2021. The shape of the market today Worldwide, the market for food delivery stands at 83 billion, or 1 percent of the total food market and 4 percent of food sold through restaurants and fast-food chains. Online Food Delivery Market - Strategic Insights To Download free sample click here Source. Platform-to-consumer delivery. The Delivery and Takeaway Food market size is estimated to reach $353.4 billion by 2026, growing at a CAGR of 9.43% during the forecast period 2021-2026. If 2.8 billion consumers in 2030 were to access meal delivery services once a week at an average cost of $7 per meal, the market would scale nearly 10-fold to roughly $1 trillion at an annual rate, as shown above. In 2021, the market size of food delivery services of restaurants in Japan amounted to approximately 790.9 billion Japanese yen. Wealth Management Market by Geography - Forecast and Analysis 2021-2025- The wealth management market size has the potential to grow by USD 318.95 billion during 2021-2025, and the market's growth . Waitr's market cap is $482.7 million. food service packaging market size by material (plastic, metal, paperboards, others), by packaging type (flexible packaging, rigid packaging), by application (foodservice outlets, institutional food services, online food ordering), industry analysis report, regional outlook, growth potential, price trends, competitive landscape & forecast, 2022 - Let The Hunger Games Begin The concept of food delivery isn't new. The Indian Online Food Delivery is a ~$0.74 bn market with high concentration in the top 6 metros. The global food delivery services market size was USD 130.50 Billion in 2020 and is expected to reach USD 311.43 Billion in 2028 and register a CAGR of 11.4%. HYDERABAD, TELANGANA, INDIA, October 27, 2022 / / -- IndustryARC, in its . Key segments of the Malaysia online food delivery market. The market . And of course, much more. And, then you have: "There will be a *LONG* line, and given the size of our restaurant, we anticipate it to wrap around the building. Saudi Arabia Food Delivery Market- Industry Trends & Forecast Report 2028 Saudi Arabia Food Delivery market was worth USD 762.8 million in the year 2021 and is expected to reach USD 3,842.6 million by 2028. Looking forward, the publisher expects the market to reach US$ 42.6 Billion by 2027, exhibiting a CAGR of 10.5% during 2021-2027. The market size grew considerably in 2021 as the . However, compared with other countries in Asia such as India or Japan, the size of this market in Vietnam is still very small, accounting for only 0.2% market share in the world food delivery market. Looking forward, IMARC Group expects the market to reach US$ 223.7 Billion by 2027, exhibiting at a growth rate (CAGR) of 11.44% during 2022-2027. Food delivery services industry report classifies global market by share, trend, growth and on the basis of platform, model, type, payments, and region The Vietnamese food delivery market in 2025 is forecast to reach 2,709.7 million USD. Looking forward, the publisher expects the market to reach US$ 223.7 Billion by 2027, exhibiting a CAGR of 11. . In the year 2022, the market size is projected to expand and gain a global market valuation of US$ 38,200 Mn. The COVID-19 pandemic has wreaked havoc on most facets of life, including people's ability to access products. According to the Food Delivery Platforms in Southeast Asia report by Momentum Works for 2021, Grab generated US$7.6 billion in GMV last year. Revenue The revenue of Vietnam's online food delivery market in 2020 was $302 million US dollars and had an average growth rate of 43.62% per year. On one hand, online food delivery spending in the U.S. could grow at an eye-catching 18% annually, jumping from 6% penetration today . The market is projected to grow from USD 2,540.05 billion in 2022 to USD 5,194.60 billion by 2029, exhibiting a CAGR of 10.76% during the forecast period. Online Food Delivery Platform Market size was valued at USD 105 Billion in 2020 and is projected to reach USD 241 Billion by 2028, growing at a CAGR of 10.9% from 2021 to 2028. The global impact of COVID-19 has been unprecedented and staggering, with drone delivery services witnessing a positive demand shock across all regions amid the pandemic. The Indian Online Food Delivery industry is highly concentrated in the top six metros. Market Overview: The global online food delivery market size reached US$ 106.1 Billion in 2021. Service and hospitality is top notch. Delivery & Pickup Options - 19 reviews of Super Valle Meat Market "Update: this place is better every time I go. The global food service market size was valued at USD 2,323.29 billion in 2021. However, a look under the hood reveals a more nuanced story. The market has been growing well, with more and more options available, especially since Uber Eats expanded its business to Japan in September 2016. Detailed research and segmentation for the main products and markets. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. Type Overview, 2015-2025 (USD Million) Restaurant-to-consumer delivery. Online Food Delivery and Takeaway Market Size 2022 in Globe - Growth rate, Business Findings and Forecasts (2022-2028) | [124 Pages Report] Published: Oct. 24, 2022 at 7:29 a.m. It has already matured in most countries, with an overall annual growth rate estimated at just 3.5 percent for the next five years. The prices are still incredible on meat. Uber's value sits at $71.5 billion. IBISWorld's statistic shows that as of 2022 the market size of the Online Food Ordering & Delivery Platforms industry is 3.7bn an increase of 47.16% from 2021. The growing number of dual-income families and the changing lifestyle & eating patterns are anticipated to favor the market growth over the forecast period. 13.1.1 Company 1 Basic Information. India online food delivery market size was estimated at ~$300M or 2,100 Crores INR but FY 2020 and FY 2021 (estimated) earnings are estimated to grow at double digits. What is the market size of the Online Food Ordering & Delivery Platforms industry in the UK? Drivers Of The Market 3.1.2. Market revenue for the food delivery industry has increased by 204% in the past five years. Online Takeaway Food Delivery Market Size And Forecast Online Takeaway Food Delivery Market size was valued at USD 64.13 Billion in 2020 and is projected to reach USD 210.5 Billion by 2028, growing at a CAGR of 15.94% from 2021 to 2028. IBISWorld reports on thousands of industries around the world. Interestingly, Meituan users already order . The global online food delivery market is projected to witness a CAGR of 9.2% from 2021 to 2026, reaching a value of $679.5 billion. By 2026, the market could grow to $XXM at -XX% CAGR Presently, Swiggy and Zomato are dominating the food delivery market with almost 90% of the market share. Based on our analysis, the market is projected to grow from USD 1,522.4 million in 2021 to USD 31,188.7 million by 2028 at a CAGR of 53.94% during the 2021-2028 period. Global Acumen Research And Consulting the Food Delivery Market Size is all set to hit a CAGR of 12%, the market which is valued at 151 billion USD in 2020 is estimated to hit 361 billion by 2028. 12.2 Brazil IT Spending in Food Delivery Market Size. Online Food Delivery Services Market Size And Growth . . 13.1 Company 1. For further analysis, we broke down the data in the following ways: Restaurant delivery has grown 20% in the last five years; while estimates differ, online food delivery sales are estimated to grow as high as $220 billion by 2023 - 40% of total restaurant sales. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct . Food Delivery Services Market size was valued at US$ 125.47 Billion in 2021 and the total Food Delivery Services revenue is expected to grow at 10.1% through 2022 to 2029, reaching nearly US$ 270.92 Billion. GrubHub has a market value of $6.3 billion. The global online food delivery services market size was valued at USD 23,539.40 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 15.4% from 2019 to 2025. The market size of the global online food delivery sector was estimated at 130.2 billion U.S. dollars in 2022. The market size of food delivery in Japan in 2018 was 408 billion yen (3.8 billion U.S. dollars), which increased by 5.9% from the previous year. The food delivery market in India size is expected to increase by USD 716.53 million from 2021 to 2026, registering a CAGR of 28.13%, according to the latest research report from Technavio. The global online food delivery market reached a value of US$ 106.1 Billion in 2021.