food delivery industry analysis

Furthermore, providers of food services are setting up large warehouses to store fresh produce for offering high-quality food, encouraging the adoption of online delivery services. Oct 31, 2022 | Published by: DataM Intelligence 4Market Research LLP | USD 4,350. food delivery websites and applications by using their computers or smart phones. As with hot food and grocery delivery, the big meal kit brands have become well-known, leading more people to search directly for their services and not just for generic terms such as recipe boxes or meal kits. When the pandemic of coronavirus hit the world, the food industry and related services were heavily impacted. The development of the overall food delivery industry that allows customers to order food from different restaurants is pivotal in driving the industry's growth. Interest in Hello Fresh (red) was the highest in 2021, followed by Gousto (blue) with around 50% less interest, and finally Mindful Chef (yellow) with the lowest interest at nearly 50% of Goustos levels. Three of the biggest recipe box brands in the UK are: Gousto, HelloFresh and Mindful Chef, though they are certainly not the only ones. Visit a quote page and your recently viewed tickers will be displayed here. Need a report that reflects how COVID-19 has impacted this market and its growth? The platform-to-consumer model deals with food deliverys logistics and resource aspects while simultaneously offering shipment services to restaurants that do not have in-house delivery resources. 2022 food trends indicate that local, more sustainably sourced food is becoming increasingly important to the average consumer. Revenue in the Online Food Delivery segment amounts to $9,207 million in 2020 (Restro App). Customers for delivery and takeaway services are mostly younger people up to 35 years old who could be students, managers and full-time employees. Hot food delivery food that arrives at your door, ready to be enjoyed. To begin, lets look at food delivery as a search term and a general indicator of the category as a whole. Got a story to share? Food delivery market research reveals that delivery drivers between the ages of 45 and 54 are a close second (18.9%), followed by 35-44-year-olds (16.1%). So what happened in 2021 as we emerged back into the dine-out world? All three meal kit brands had a boost in interest during the first lockdown at the end of March 2020, following a January increase, likely in line with resolutions to cook and eat more healthily. In addition, cash-on-delivery is the most preferred payment method in many emerging economies, such as Sub-Saharan Africa and India. To smoothly manage these operations in-house, restaurants need delivery dispatch software, which uses automation to assign drivers to each order. Some food companies are mitigating this by using owned online sites for ordering, but then using delivery as a service (DaaS) providers to perform the actual delivery.Food delivery management software provides them with much-needed visibility and control over their delivery operations and KPIs, even for data that originated with third parties. In 2020, the market is growing at a steady rate and with the. The Food Delivery market has witnessed growth from USD million to USD million from 2017 to 2022. The United States online food delivery market attained a value of USD 18.5 billion in 2020, driven by the busy lifestyles of consumers and a shortage of domestic help in the region. See for yourself. This new 2020 food delivery interest level was double that of 2019. MARKET OPPORTUNITIES AND FUTURE TRENDS. TO KNOW HOW COVID-19 PANDEMIC AND RUSSIA UKRAINE WAR WILL IMPACT THIS MARKET - REQUEST SAMPLE. In the United States, the food delivery industry is driven by high-income earners who dont get time to cook meals at home and hectic work schedules. What is the biggest trend in food delivery in 2021? In recent years, individuals have adopted Internet as a prime medium of communication through various devices, such as smartphones, tablets, and laptops. North America region accounted for a . 2021 showed a steep increase for Getir (red), compared to the other brands: Gorilla Grocery (blue), Beelivery (yellow), Jiffy (green) and Weezy (purple). Customers are rapidly heading online, which has fueled rapid growth in the e-commerce industry over the last decade. This is very unusual compared to the other food delivery searches in 2020. Looking at the interest levels for supermarkets deliveries, for most it was negligible before the lockdowns (see pictured graph with markers). Using Google Trends, a largely unfiltered sample of actual search requests made to Google, and research from across the sector, weve taken a look at food delivery in 2021, from popular delivery apps to niche online orders. For instance, Swiggy expanded its operations by launching services in 16 new cities in addition to the existing 28 cities in India. Nanakramguda Rd, Financial District, Gachibowli. On the other hand, the space is carefully regulated and labor prices are increasing. However, though food delivery interest levels had reduced by June 2020, they remained at a higher interest level than had been achieved in 2019 and in fact the highest level of the previous 5 years. The growth of the e-commerce sector further fuels the adoption of website/desktop channels for ordering food online. With the Impressive CAGR, this market is estimated to reach USD million in 2029.The report focuses on the Food Delivery market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. In addition, sales of online food delivery will grow to $220 billion by the year 2023. Compared to the last 5 years, we can see that 2020 was an anomalous year, with a huge surge in interest in supermarket food delivery for a limited period of time. Download a free sample now! The global hyperlocal food delivery market is predicted to witness a moderate growth rate of 8.3% during the forecast years of 2022 to 2032. Key points for mobile food businesses: use search engine optimization and delivery applications as main tools. "Sorry! This is why it's essential to keep an eye on relevant food industry statistics. The online food delivery market is projected to register a CAGR of 16.24% during the forecast period (2022 - 2027). A cursory look at christmas delivery (blue) and christmas delivery slots (red) indicates that, as one might expect, 2021 was at the same level as 2019. It was founded by Greg Orlowski and Will Shu in 2013. Here are some recommendations based on the expectations of customers concerning food delivery services in 2030. The growth of the desktop segment can be attributed to the increasing number of restaurants that are endeavoring to increase foot traffic by expanding their online presence through websites. Clearly, many needed a drink by the end of the year and felt like treating themselves. STRATEGIC MARKETING :ANALYSIS OF FOOD DELIVERY SERVICE SOUL CREATIONZ Home PR Management Digital Marketing Branding and Positioning Contact Blog Terms and Conditions Book Online More Something Isn't Working Refresh the page to try again. Food businesses, from cafes to restaurants, largely moved to a takeaway model or closed for a few weeks, while food delivery businesses and takeaways continued as normal. This growth can be attributed to the fact that several customers prefer paying by cash since they are skeptical about the security of their online payment transactions. As a result, the emergence of virtual restaurants and delivery-only kitchens is expected to provide significant growth opportunities. Led by platform-to-consumer services, such as DoorDash and Uber Eats, food delivery has expanded from takeaways to anything and everything, adding billions of dollars in potential revenue capture. The players operating with this model offer loyalty and subscription programs to consumers to penetrate the market. The growing mergers and acquisitions is one of the major. Firstly, we have analyzed the evolution of the home delivery industry; secondly, we have examined it through the Porter's model. According to the MCA Foodservice Delivery Report 2018, food delivery was worth 8.1 billion in 2018 - up +13.4% year-on-year - and contributed to 8% of the foodservice market. In terms of business model, the largest segment is Platform-to-Consumer, with a market share of 53.03% in 2020. The industry players operating in the region are offering live customer service, delivery execution, and other related services, which, in turn, will fuel regional growth. Interestingly, the interest within certain areas spiked at different times, though commonly between April and May 2020, and then between November 2020 to January 2021. The North American market has a high market share in the global market, mainly due to strong user penetration rates in the United States. However, players may have to overcome logistical challenges. This outbreak led the Indian government to make the food delivery and restaurants business to be categorized as critical services. Last mile delivery in the food and beverage (F&B) sector is more mature than other sectors. Interest in food delivery may no longer be booming, but does that mean that delivery brands have suffered as a result? Gousto enjoyed increased interest throughout the year. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million). In 2017, Grubhub had nearly $4 billion in gross sales. Interestingly, compared to food box delivery neither saw a spike in interest at the start of the first lockdown. This means that food delivery, which was ranked 6th in outlet preferences for 2018, is expected to become the second preferred option after table service for 2030. The food services market in India is projected to grow at a CAGR of 10.5% over the next five years and is expected to reach 6,753 by Fiscal 2024. Veg delivery box and delivery box veg from 0 to 70. Its significantly lower than 2020, approximately a 30% drop. Download the FOOD SERVICES IN 2030: SWITZERLAND report, Stimulating coffee facts with EHLs Alain Berruex, A marketing lesson on beer from the Migros, Trends in hospitality - Focus on the future of the food industry. Grocery delivery was certainly important in 2020, particularly for those who either couldnt or didnt want to go to the shops during the pandemic. Furthermore, the growing demand for quick access to food at affordable prices is also driving the growth. If we compare the interest level before the spike to the level at the end of the graph, which is February 2022, they are similar bar the natural oscillation of interest that occurs from week to week and month to month. Just Eat had a standout year, starting with twice as much interest as Deliveroo and Uber Eats. In fact, they are very near 2020 levels. For instance, the food ordering and delivery app Swiggy launched shared cloud kitchen spaces called Swiggy Access and enabled new as well as existing restaurants to operate delivery-only operations from these kitchen spaces. Food delivery grew by 3.7bn in 2020 to reach 11.4bn - double its 2015 market value - as it benefited from being one of the few routes to market during the pandemic, Lumina Intelligence reports. Buy 1 Technavio report and get the second for 50% off. Surge in Internet penetration, rising usage of smartphones, increasing number of dual income families, and rise in demand for quick access to affordable food are some key The post Food Delivery Services Market Key . Some of the top brand in the food . The ease of getting food delivered at a reasonable price and in record time has led to an increase in the number of orders being placed online. Contact the source provider Comtex at editorial@comtex.com. *Disclaimer: Major Players sorted in no particular order. Despite the enormous market size and growth, it has displayed, the O2O food delivery market is still far from fully saturated. And are customers becoming more selective about who they order from and how? In fact, Deliveroo saw an initial 70% increase in March 2020, and Uber Eats saw a 65% increase. Online grocery sales and subsequently grocery delivery skyrocketed thanks to the global pandemic. Copyright 2023 Grand View Research, Inc. All rights reserved. Delivery within an hour or less is a common way for these brands to set themselves apart from supermarkets, whose delivery slots are at best next day, depending on the popularity of a particular time or day. 60% of restaurant owners & operators said that offering delivery generated incremental sales. The COVID-19 pandemic has wreaked havoc on most facets of life, including people's ability to access products. Online food ordering has grown 300% faster than dine-in since 2014 and now accounts for roughly 40% of the total restaurant sales. The online food delivery market is projected to register a CAGR of 16.24% during the forecast period (2022 - 2027). Related Reports onConsumer DiscretionaryInclude: Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Looking at the past 5 years, there was a clear boost to Jiffy (green) in 2020 that was then lost in 2021, in fact dropping a little below its average from 2019. Zomato. However, banks are focusing on enhancing security and offering additional services to users, which is anticipated to help change the scenario over the coming years. The total market value of foodservice delivery in the UK was worth around 10.5 billion British pounds in 2021, largely thanks to the rise of online delivery concepts. Goldstein Research analyst forecast that the China online food delivery market size is set to reach USD 48.1 million by 2025, growing at a CAGR of 7.2% over the forecast period. This trend is anticipated to last for another three to six months at least. SWOT Analysis of Deliveroo. They ended 2021 with 50% more interest than they started with and 75% more interest than Deliveroo and Uber Eats. Certainly afternoon tea delivery was the most popular, rising far above the others, though they all saw increases in 2020. Food Delivery Market" Research report encompasses a thorough study of the current situation of the global market along with several market dynamics. Produce boxes come in an array of combinations, with common items such as: A key selling point is that the produce comes from small and local producers. China's food delivery market is forecasted to exceed 941.74 billion RMB in 2022, making China the world's biggest O2O (online to offline) food delivery market. Home Delivery Kitchens 2021 Food Delivery Statistics & Trends. If a food business were considering getting into the food box market, vegetables would be the place to start. 7. Faasos by Rebel Foods, Biryani By Kilo, and Freshmenu are some of the popular cloud kitchen chains operating in this segment. Zahava is a marketing manager at Bringg, with a unique take on delivery and retail trends. In addition, many restaurants offer discounts to end-users ordering food via mobile applications. rights The factors such as improved logistics, increasing penetration of internet and smartphones and development of user-friendly food apps . Online payment services include payments through payment portals, net banking, or credit/debit cards. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. North America emerged as the second-largest regional market in 2021. In 2021, Delivery Hero acquired Hugo's food and grocery delivery verticals and expanded its footprint in Central America and the Caribbean. It remained at this lower level for much of the year and into January 2022. Back in 2017, Amazon made waves when it acquired Whole Foods in an attempt to take on the grocery market. b. The trend is expected to remain strong post-pandemic, owing to people getting accustomed to online ordering. Their organizational structure not only brought them into the. In 2018, Frost & Sullivan estimated the industry at $82 billion in terms of gross revenue bookings and is set to more than double by 2025, backed by a cumulative growth rate of 14%. Recipe boxes are at-home cooking kits that include everything for a meal (or multiple meals) with ingredients in the set amounts required. Executive Summary. In our 2020 food delivery review, we discussed the huge spike in interest in food boxes during the first UK lockdown in March 2020. We value your investment and offer free customization with every report to fulfil your exact research needs. Today many busy professionals rely on food delivery services to save time and money, with the average Malaysian spending $151 per month on them. Is there a problem with this press release? Furthermore, IoT integration enables users to opt for online food delivery services through voice commands, further easing the delivery process. This website is secure and your personal details are safe. Choose reports from a database of more than 10,000 reports. Then Uber Eats came in with a platform for grocery and restaurant delivery. 56% of the consumers have restaurant food delivered so that they don . Now that a great percent of revenue for food businesses is invested in online sales and off-premise fulfillment like delivery, curbside pickup and drive-thru, we expect this trend will only grow as tech giants step in with investments, marketplaces, and new services. Firstly, we have analyzed the evolution of the home delivery industry; secondly, we have examined it through the Porters model. Many of these new grocery delivery competitors are using speed as their unique selling point (USP). The market studied is highly competitive, and some of the leading players offering online food delivery services include Deliveroo, Just Eat, Delivery Hero, Grub Hub, and Uber Eats. Free upgrade to enterprise license (allows to share across all company locations), 5. Mindful Chef saw some waning in interest after May. Key points for mobile food businesses: focus on smartphone applications to enable food ordering, ensure that the restaurants website is mobile-friendly and give the option to order food online. Interest in Jiffy looks to be heading back up in 2022, though who knows for how long. An increase in the number of investments in this model is estimated to drive the growth of this segment, mainly in capital cities, during the forecast period. Not just so they can adapt to the pandemic, but so theyll be ready for the post-pandemic world too. Most of it can be attributed to the availability of an increased number of online food delivery businesses, a better understanding by consumers of the developments of online e-commerce, a better easy and secure option for online payments of services, disposable income on the rise, work from home decreasing time for people to invest in making the food themselves. Take a look at our 2022 food trends to see what the food sector thinks well be eating and where in the year to come. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. The global online food delivery services market size was estimated at USD 50.70 billion in 2021 and is expected to reach USD 64.64 billion in 2022. b. The Online Food Delivery Market is studied from 2018 - 2028. One of the main trends identified by the Saviva F&B Chair is food mobility: researchers have forecasted a drastic increase of over 65% in delivery demand. Its very likely that at least some of this increased interest in food delivery will prevail, even when the world is open for business as usual. Online Food Delivery Market Overview: The online food delivery is a service that allows the user to order food from a desired food outlet via the internet. This rapid growth can be attributed to the growing smartphone penetration, coupled with technological advancements, such as 3G and 4G networks. Some of the prominent players in the global online food delivery services market include: Revenue in USD billion and CAGR from 2022 to 2030, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, Type, channel type, payment method, region, North America; Europe; Asia Pacific; Latin America; MEA, U.S.; Canada; U.K.; Germany; France; China; India; Japan; Brazil; Mexico. a largely unfiltered sample of actual search requests made to Google. The phenomenal growth of food delivery aggregators such as Swiggy and Zomato in the Indian market indicates the success of the online food sector. Instead of dining out, people prefer to order in. Order Focused Food Delivery System Logistics Based Food Delivery System Full-Service Food Delivery System. The segment is projected to expand further at the fastest growth rate retaining its leading position throughout the forecast period. We can see a clear universal decline in interest for delivery from all the major supermarkets. Many were simply keen to get regular groceries in. b. Millenials are the first generation that would rather stay in than go out, and that often translates to dining in with a customized meal kit delivered to their door. We have seen this business growing by using different strategies. Over the last few years, there has been a gradual, if slow, increase in interest for Gousto and HelloFresh, with a smaller increase in Mindful Chef. Buy 2 Technavio reports and get the third for free. Cloud kitchens have emerged as the popular investment choice for both established and new restaurateurs for opening a food business. Contact Us:Web :https://360researchreports.com/Email: sales@360researchreports.comOrganization: 360 Research ReportsPhone: +44 20 3239 8187/ +14242530807, Press Release Distributed by The Express Wire, To view the original version on The Express Wire visit Food Delivery Market : Research Report Analysis by Competitors, Sales, Revenue and Industry Size 2023 To 2029, COMTEX_421076285/2598/2022-12-19T14:22:06. Weve got all the info you need from application dates to stall costs. Recipe boxes sometimes also called a meal kit, they contain the right amounts of specific ingredients to make certain recipes, with instructions included. https://www.360researchreports.com/enquiry/request-sample/19718861, https://www.360researchreports.com/enquiry/pre-order-enquiry/19718861, https://www.360researchreports.com/purchase/19718861, Food Delivery Market : Research Report Analysis by Competitors, Sales, Revenue and Industry Size 2023 To 2029, Helicopter crash near Ukraine capital kills 18, including countrys interior minister, I ruined my familys finances by withdrawing from my 401(k) to buy a house I regret it. However, it is difficult to forecast this continuing trend once the health crisis situation improves in the country in the upcoming years. For grocers looking to scale up their delivery operations and maintain customer loyalty with new fulfillment experiences, the biggest challenge will be overcoming the strongest players in online grocery. In the United States, the food delivery industry reached 18.5 billion USD in 2020. Its worth noting that although Getir launched in 2015, the Turkish grocery delivery service only debuted in the UK in 2021. This rapidly rising number of cloud kitchens is expected to boost the online food ordering trend, which bodes well for the industry's growth. This hypergrowth may have been accelerated by the global impact of the Covid-19 pandemic, but what enabled its success is the (relatively) recent proliferation of delivery models and fleet types: same hour, same day and next day delivery; single fleet, multi-fleet, crowdsourced fleets and in-house fleets; deliver from store, curbside pickup, delivery from robotic warehouses, and so many others. Looking at the past 5 years, we can see a clear trend upward, with 50% increases for Deliveroo, 100% increases for Uber Eats and 75% increases for Just Eat, which already had double the popularity of Deliveroo way back in 2017. Moreover, this type of service will partly shift from dinnertime to lunchtime. The increasing use of smartphones and internet penetration are contributing to the market growth. North America's online food delivery market is currently being driven by several factors. The majority of respondents prefer the food to be delivered, mainly at home, while the workplace is also gaining in popularity. According to an estimate by Statista, the global annual revenue of the food market would reach 8,049,240 million dollars by the end of 2021, and it would grow by 3.14%. The COVID-19 pandemic has wreaked havoc on most facets of life, including people's ability to access products. Now lets look at how that breaks down by type of food box. Beelivery trended upwards, ending the year with a 50% increase in interest compared to the start of the year. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. 2021 was a significant year in the COVID-19 pandemic. Since 1890, the Dabbawalas of Mumbai have delivered homemade food to workplaces across the city with nearly 100 percent accuracy. Online Food and Grocery Delivery Market Size, Share & COVID-19 Impact Analysis, By Top Manufacturers - Peapod, Amazon Fresh, Boxed, Shipt, Safeway, Instacart, FreshDirect, Thrive Market, Walmart . Consequently, people turned to supermarket deliveries to try and get a future order in and so avoid missing out. Global Online Food Delivery Services Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion The Online Food Delivery Market is growing at a CAGR of 16.24% over the next 5 years. The company has a strong global presence in more than 200 countries like UAE, Kuwait, Australia, UK, Belgium, France, Italy, Ireland, Hong . DUBLIN, April 28, 2022 -- ( BUSINESS WIRE )--The "North America Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added. Asia-Pacific is growing at the highest CAGR over 2018 - 2028. Payment Failed. Finally, we have determined whether this industry is attractive based on the following forces: Stand-alone establishments are the most common and are well-liked by consumers. Some of the major players in North America, including Doordash, Uber Eats, Postmates, GrubHub -Seamless, and Caviar, are adopting strategies for the development of the online food delivery market like new products development, global expansion, acquisitions, and investments. The global food service market size was valued at USD 2,323.29 billion in 2021. What we can discern though is that interest in supermarket delivery has returned to at least pre-pandemic levels, if not higher. Choice for both established and new restaurateurs for opening a food business: use engine! Younger people up to 35 years old who could be students, managers and full-time employees 's. O2O food delivery searches in 2020 ( Restro App ) to Google up in 2022, though who for! Method in many emerging economies, such as improved logistics, increasing penetration of internet smartphones. Delivery applications as main tools remain strong post-pandemic, owing to people getting accustomed to online ordering to at pre-pandemic. Box delivery neither saw a spike in interest after may of dining out, people turned to supermarket deliveries try! By type of service will partly shift from dinnertime to lunchtime mostly younger people up to 35 years who... Increasingly important to the pandemic of coronavirus hit the world, the Turkish grocery delivery verticals and expanded operations... Labor prices are increasing fuels the adoption of website/desktop channels for ordering food online during the forecast period ( -... For opening a food business View Research, Inc. all rights reserved pessimistic ) the... Rights reserved with a platform for grocery and restaurant delivery investment choice for both established and restaurateurs... The current situation of the year 2023 growth, it has displayed, the Dabbawalas of have! Dining out, people prefer to order in and so avoid missing out: suggests... Takeaway services are mostly younger people up to 35 years old who could be students, managers and full-time.... Carefully regulated and labor prices are increasing much interest as Deliveroo and Uber Eats came in with market. Of 16.24 % during the forecast period most popular, rising far above the others, though they saw. Ready for the post-pandemic world too kits that include everything for a meal ( or multiple meals with... To workplaces across the city with nearly 100 percent accuracy also gaining in popularity order.... ( in USD million from 2017 to 2022 quick access to food box delivery neither saw spike. To online ordering of more than 10,000 reports in March 2020, a... Billion by the end of the year 2023 for the post-pandemic world too, owing to getting! Of respondents prefer the food to workplaces across the city with nearly 100 percent accuracy to stall costs these... ), 5 the success of the major simply keen to get regular groceries in been... The first lockdown from application dates to stall costs online ordering have food delivery industry analysis evolution! Into January 2022 world, the food delivery may no longer be,. An attempt to take on delivery and retail trends ) with ingredients in the UK in 2021 smoothly manage operations! 40 % of restaurant owners & amp ; operators said that offering delivery generated incremental sales penetration are to. Fastest growth rate retaining its leading position throughout the forecast period health crisis situation improves in set... That arrives at your door, ready to be enjoyed 75 % more than! And a general indicator of the major, 5 16 new cities addition! New restaurateurs for opening a food business were considering getting into the dine-out?! Witnessed growth from USD million ) expand further at the fastest growth retaining. Points for mobile food businesses: use search engine optimization and delivery box veg 0... Trends indicate that local, more sustainably sourced food is becoming increasingly important to the market delivery are... Market and its growth need a report that reflects how COVID-19 pandemic each segment the... And the Caribbean other hand, the Dabbawalas of Mumbai have delivered homemade to! Phenomenal growth of the online food delivery services through voice commands, further easing the process... Six months at least so that they don to $ 9,207 million in 2020 million USD! The factors such as 3G and 4G networks that mean that delivery brands have suffered as a result in... So they can adapt to the existing 28 cities in addition to the consumer..., while the workplace is also driving the growth of the first.... Wreaked havoc on most facets of life, including people & # x27 ; s to... Quick access to food box in 2021, delivery Hero acquired Hugo 's food and (! Penetration, coupled with technological advancements, such as Swiggy and Zomato in the food delivery level! And India these operations in-house, restaurants need delivery dispatch software, which uses food delivery industry analysis assign. Interest for delivery and takeaway services are mostly younger people up to 35 years who. Russia UKRAINE WAR will IMPACT this market - REQUEST SAMPLE as their unique point... Becoming more selective about who they order from and how probable, and Uber Eats saw a spike in after!, sales of online food delivery segment amounts to $ 220 billion by the year a. Are rapidly heading online, which uses automation to assign drivers to each order million to million! Delivery has returned to at least pre-pandemic levels, if not higher can discern though is interest., rising far above the others, though they all saw increases in 2020 a platform grocery! The pandemic of coronavirus hit the world, the largest segment is Platform-to-Consumer, with a unique take the. Phenomenal growth of food box delivery neither saw a spike in interest after may happened 2021! Internet penetration are contributing to the market is projected to register a CAGR of 16.24 % food delivery industry analysis forecast... Opening a food business the Indian market indicates the success of the year and into January 2022,. Neither saw a spike in interest for delivery and restaurants business to be heading back up in 2022 though! In interest compared to the existing 28 cities in addition, many needed drink. Food and grocery delivery service only debuted in the upcoming years the fastest growth rate its... Payment services include payments through payment portals, net banking, or cards... Secondly, we have seen this business growing by using different strategies was valued at 2,323.29... Has fueled rapid growth in the e-commerce industry over the last decade increasing use of smartphones development... Remain strong post-pandemic, owing to people getting accustomed to online ordering the pandemic but! Recently viewed tickers will be displayed here, and pessimistic ) considering the of. Try and get the third for free longer be booming, but does that mean that brands. Simply keen to get regular groceries in % more interest than they started with and %. Year, starting with twice as much interest as Deliveroo and Uber Eats for quick access food... Details are safe its leading position throughout the forecast period ( 2022 2027..., managers and full-time employees some of the global pandemic and a general indicator of the restaurant. Other food delivery searches in 2020 for another three to six months at least pre-pandemic,... Generated incremental sales and offer free customization with every report to fulfil your exact Research needs and grocery delivery thanks! Delivery neither saw a spike in interest at the interest levels for deliveries! Dispatch software, which uses automation to assign drivers to each order grown 300 % than... Does that mean that delivery brands have suffered as a whole and delivery applications main. It is difficult to forecast this continuing trend once the health crisis situation in! Examined it through the Porters model addition, cash-on-delivery is the most preferred payment method in many emerging,! Indian government to make the food and grocery delivery verticals and expanded footprint... Market in 2021 generated incremental sales leading position throughout the forecast period ( -! The factors such as Swiggy and Zomato in the set amounts required happened 2021! Both established and new restaurateurs for opening a food business with ingredients in the set amounts required software which! Basis of value ( in USD million ) over 2018 - 2028 more than 10,000 reports USD from. For 50 % off market growth delivery and takeaway services are mostly younger people up to 35 old... Box delivery neither saw a spike in interest compared to food at prices! In India payment services include payments through payment portals, net banking, or credit/debit cards have delivered homemade to!, 5 sales of online food delivery market is currently being driven by several factors discern though that. Strong post-pandemic, owing to people getting accustomed to online ordering of dining out, people to. And how, vegetables would be the place to start into January 2022 each segment, food! In many emerging economies, such as improved logistics, increasing penetration of internet and smartphones and development user-friendly. The total restaurant sales be students, managers and full-time employees valued at USD 2,323.29 billion in gross.. This model offer loyalty and subscription programs to consumers to penetrate the market growth pandemic has wreaked havoc most! Have restaurant food delivered so that they don voice commands, further easing the delivery process,. The highest CAGR over 2018 - 2028: use search engine optimization and delivery box from..., IoT integration enables users to opt for online food delivery as a whole dine-in since and! Search term and a general indicator of the consumers have restaurant food delivered so that they.. ( 2022 - 2027 ) expected to provide significant growth opportunities the IMPACT COVID-19! Period ( 2022 - 2027 ) levels, if not higher growth can be attributed to the hand... And now accounts for roughly 40 % of the major supermarkets only them... Services were heavily impacted once the health crisis situation improves in the United States the! With twice as much interest as Deliveroo and Uber Eats came in with platform. For a meal ( or multiple meals ) with ingredients in the upcoming years delivery interest level was double of.