The size of the worldwide digital food delivery market is anticipated to reach USD 369.97 billion in 2030 and see a 13.2% CAGR in revenue during that time. Market revenue growth is being driven by rising smartphone adoption and the accessibility of high-speed internet in both developed and emerging nations.
The need for hassle-free online food ordering is driving significant growth in the global digital food delivery business. Due to their busy schedules, working professionals have tended to favor digital meal delivery. Digital delivery systems allow customers to select and compare meal menus from several restaurants before making an order, in contrast to conventional home deliveries, which required customers to phone and choose from a small number of selections.
The industry for digital meal delivery is dependent on the internet. Internet accessibility is one of the main drivers of market revenue development. The process is now more pleasant for clients to sit back and browse through thanks to mobile applications and reasonably priced internet. Growing disposable money in developing nations also helps the industry expand. Countries like China and India have developed into profitable markets for online meal delivery.
Some Key Highlights from the Report
Companies profiled in the global market report include Just Eat Takeaway.com, Zomato Ltd., DoorDash, Swiggy, Postmates Inc., Uber Technologies Inc., Delivery Hero SE, Grubhub, Amazon.com, Inc., and Domino’s Pizza Inc.
Driver: Hassle-Free Procedure Of Ordering Food Online Is Driving Digital Food Delivery Market Growth
Customers may place orders online at any time and from any location using their mobile phones, laptops, or other devices without having to deal with the trouble of chatting on the phone. By developing a user-friendly website and engaging in social media activities on websites like Facebook and Instagram, restaurants may connect with their target audience. Additionally, meal delivery apps draw more users by offering coupons and discounts, which boosts market income. Many clients choose to have food delivered to their door via subscription-based meal kits. Given that routine delivery of a particular item lowers overall shipping costs, this delivery approach is particularly practical.
Online meal delivery companies that use aggregators enable multiple restaurants to sign up and use a single food delivery platform. In this business model, services from several restaurants are gathered and integrated into a single platform. In this setup, the platform serves as a go-between for customers and restaurants. Several well-known companies in the food delivery industry, like Just Eat, Delivery Hero, and Uber Eats, have adopted the aggregator model, and their growth has been extremely considerable.
In 2020, the segment of mobile applications accounted for a disproportionately high revenue share. Food delivery app installs climbed globally by 25% in 2020 compared to 2019 and by another 21% in 2021. The sessions were even more significant than the installs. Global usage of food delivery services increased by 88% in 2020 compared to 2019. Global sessions grew by an additional 43% in 2021.
In 2021, the Asia Pacific market accounted for the greatest revenue share. A significant portion of Asia Pacific revenue came from China. The food delivery industry in the nation has expanded to become the biggest in the world. Over 90% of all food deliveries in the nation are under the hands of the two major operators, Ele. me and Meituan Dianping, who have established sophisticated systems with significantly lower overhead than Western meal delivery apps.
Business Model Outlook (Revenue, USD Billion; 2018–2030)
- New Delivery System
- End-to-End Service
Platform Type Outlook (Revenue, USD Billion; 2018–2030)
- Mobile Applications
Payment Method Outlook (Revenue, USD Billion; 2018–2030)
- Online Transactions
- Pay on Delivery (POD)
Regional Outlook (Revenue, USD Billion; 2018–2030)
- North America
- the Asia Pacific
- Latin America
- Middle East & Africa