Global Online Food Delivery Market was valued at approximately USD 221.65 billion in 2023 and is projected to grow significantly, with a compound annual growth rate (CAGR) of 10.3% from 2024 to 2032. The online food delivery market has transformed how consumers engage with food services, providing unparalleled convenience by leveraging apps and websites to connect customers with a wide range of restaurants. This streamlined process allows customers to browse menus, place orders, and make payments seamlessly, often including delivery directly to their location. The ecosystem includes various business models such as aggregators, direct restaurant delivery, and innovative cloud kitchens, offering a dynamic selection of meal options.
Global Online Food Delivery Market is driven by increasing internet penetration, the shift in consumer behavior towards convenience, and the growing demand for diverse food choices. However, the market faces challenges from high delivery costs and fierce competition, particularly in rural areas where infrastructure is less developed. Nonetheless, the sector is brimming with opportunities, including expansion into untapped regions and increasing consumer demand for healthier, more varied meal options. Additionally, technological innovations such as drone deliveries and AI-powered personalized recommendations are set to reshape the landscape, offering even greater customer satisfaction.
In 2023, the Asia-Pacific region dominated the global online food delivery market, driven by dense populations, rapid urbanization, and widespread smartphone usage. Markets in China and India, in particular, played key roles in this expansion. North America remains a critical region, with the United States as a major contributor, boasting strong digital infrastructure and a tech-savvy consumer base. The Middle East and Africa region is expected to emerge as the fastest-growing market, with rising incomes, expanding internet access, and a growing dining-out culture driving increased adoption of online food delivery services.
Major market players included in this report are:
Delivery Hero SE
DoorDash
Domino's Pizza Inc.
Alibaba Group Holding Limited
Grubhub
McDonald's
Deliveroo
Papa John's International, Inc.
Pizza Hut
Just Eat Takeaway.com
Uber Technologies Inc.
Waiter.com, Inc.
Zomato Ltd.
Postmates Inc.
Glovo
The detailed segments and sub-segments of the market are explained below:
By Type:
Restaurant to Consumer
Platform to Consumer
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market
