Dublin, May 12, 2020 (GLOBE NEWSWIRE) -- The "Online Food Delivery Services Global Market Report 2020-30: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
This report provides the strategists, marketers and senior management with the critical information they need to assess the global online food delivery services market.
The global online food delivery services market is expected to grow from $107.44 billion in 2019 and to $111.32 billion in 2020 at a growth rate of 3.61%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $154.34 billion in 2023 at CAGR of 11.51%.
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Where is the largest and fastest growing market for the online food delivery services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Online Food Delivery Services market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider online food delivery services market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID- 19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID- 19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
- The online food delivery services market section of the report gives context. It compares the online food delivery services market with other segments of the online food delivery services market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, online food delivery services indicators comparison.
Major players in the online food delivery services market are takeaway.com, Doordash, Deliveroo, Uber eats, Zomato, Swiggy, Domino's pizza, Grubhub, foodpanda, and Just eat.
The online food delivery services market consists of sales of online food delivery services and related services primarily for household consumption. The online food delivery services market includes all companies involved in distributing the packages received from hospitality establishments and have an online portal or an application for their sales. The food can be either ready-to-eat food or food that has to be specially prepared for direct consumption. Online food delivery service has two segments, restaurant-to-consumer delivery includes delivery of order directly by the concerned restaurant, whereas, Platform-to-consumer segment involves online delivery services that deliver orders of partner restaurants.
The Asia Pacific was the largest region in the online food delivery services market in 2019. North America was the second largest region in the online food delivery services market in 2019.
In January 2020, Zomato, an Indian food delivery services company, has acquired Indian operations of Uber Eats for $350 million in an all-stock transaction. The combined entity of Zomato and Uber Eats India is expected to corner more than a 50-55% market share in terms of the number and value of orders. Uber Eats is an online food delivery services vertical of Uber, a US-based ride-hailing company.
An increase in smartphone users has given a boost to online food delivery services worldwide. Smartphone users are the primary online shoppers for the F&B industry and an increase in the number of smartphone users reflects a potential increase in online shopping for food and beverages. The world F&B e-commerce users reached 1.5 billion in 2019 and are expected to grow by 800 million, with an average of 25% y-o-y growth, by 2024. Indian food delivery platform, Zomato, has 80 million monthly active users and has set targets of reaching 20 million over the next few years. Hence increase in smartphone users and internet penetration is driving growth in online food delivery services.
Upgradation of the distribution network to a more decentralized system, Distribution 4.0, is trending in the food delivery services market. In Distribution 4.0, suppliers partner with multiple players for the best market coverage between urban and rural markets, focusing their efforts on marketing, branding, and in-store merchandising to create best-in-class shopper experience. They are likely to partner with aggregators, e-comm delivery companies, rural distribution companies, and distribution arms of modern trade to drive coverage. E-commerce aggregator Amazon, has announced plans to team with many small scale businesses, retail outlets, and rural supermarkets, to increase their last-mile connectivity. Therefore, the trend of Distribution 4.0 is envisioned to bring in some positive effects on the online food delivery services.
Cost of supply chain and logistics will be the key restraint for the online food delivery services market. This cost includes the cost incurred for order fulfillment, delivery cost, adjusting business resources to dynamic market demand and last-mile connectivity. Besides, there are costs of cardboard boxes for packaging, gas, mileage and the cost for hiring a driver. The supply chain and logistics has to be in place in order to avoid the spoilage of products with limited shelf life. According to the report by Capgemini, in 2019, the retailers could lose up to 26% of their profit if they fail to upgrade their logistics system to ensure on-time delivery despite the increased online grocery system. Therefore, the costs incurred by the supplier side may restrain the growth of the online food delivery services market.
Key Topics Covered:
1. Executive Summary
2. Online Food Delivery Services Market Characteristics
3. Online Food Delivery Services Market Size And Growth
3.1. Global Online Food Delivery Services Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Online Food Delivery Services Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Online Food Delivery Services Market Segmentation
4.1. Global Online Food Delivery Services Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.2. Global Online Food Delivery Services Market, Segmentation By Channel Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.3. Global Online Food Delivery Services Market, Segmentation By Payment Method, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Online Food Delivery Services Market Regional And Country Analysis
5.1. Global Online Food Delivery Services Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Online Food Delivery Services Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6. Asia-Pacific Online Food Delivery Services Market
7. China Online Food Delivery Services Market
8. India Online Food Delivery Services Market
9. Japan Online Food Delivery Services Market
10. Australia Online Food Delivery Services Market
11. Indonesia Online Food Delivery Services Market
12. South Korea Online Food Delivery Services Market
13. Western Europe Online Food Delivery Services Market
14. UK Online Food Delivery Services Market
15. Germany Online Food Delivery Services Market
16. France Online Food Delivery Services Market
17. Eastern Europe Online Food Delivery Services Market
18. Russia Online Food Delivery Services Market
19. North America Online Food Delivery Services Market
20. USA Online Food Delivery Services Market
21. South America Online Food Delivery Services Market
22. Brazil Online Food Delivery Services Market
23. Middle East Online Food Delivery Services Market
24. Africa Online Food Delivery Services Market
25. Online Food Delivery Services Market Competitive Landscape And Company Profiles
25.1. Online Food Delivery Services Market Competitive Landscape
25.2. Online Food Delivery Services Market Company Profiles
26. Key Mergers And Acquisitions In The Online Food Delivery Services Market
27. Online Food Delivery Services Market Trends And Strategies
28. Online Food Delivery Services Market Future Outlook and Potential Analysis
29. Appendix
Companies Mentioned
- takeaway.com
- Doordash
- Deliveroo
- Uber eats
- Zomato
- Swiggy
- Domino's pizza
- Grubhub
- foodpanda
- Just eat
- Postmates
- Meituan Waimai
- Delivery.com
- Pizza hut
- Dunzo
- Faasos
- Eatfit
- Seamless
- Scootsy
- roundmenu
- PedidosYo
- ifood
- Rappi
- Jumiafood
- Orderin
- Mr. D
- Yandex
- OLO
- Snapfinger
- DeliveryClub
- Maishoku
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