For the purpose of this study, Grand View Research has segmented the global online food delivery services market report on the basis of type, channel type, payment method, and region: Type Outlook (Revenue, USD Billion, 2018 - 2030), Channel Type Outlook (Revenue, USD Billion, 2018 - 2030), Payment Method Outlook (Revenue, USD Billion, 2018 - 2030), Region Outlook (Revenue, USD Billion, 2018 - 2030). In 2021, Delivery Hero acquired Hugo's food and grocery delivery verticals and expanded its footprint in Central America and the Caribbean. Taking three of the biggest providers: Deliveroo (Blue), Uber Eats (Red) and Just Eat (Yellow), we can see that their popularity spiked considerably during the first lockdown. Among the varieties of food boxes, vegetable boxes (green) are the most popular this is not surprising given that the rise in veganism and environmentally conscious eating has led to a decrease in meat eating for many in the UK. When delivery happens at scale, with tens of thousands of orders each day (or more), the logistics behind it become increasingly complex, which is why chains managing delivery across multiple restaurants get the most value out of using delivery management software systems. Recipe boxes are at-home cooking kits that include everything for a meal (or multiple meals) with ingredients in the set amounts required. 360 Research Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. We have selected the most representative 20 countries from ;197 countries in the world and conducted a detailed analysis and overview of the market development of these countries. It was started in 2010 by Deepinder Goyal, after rebranding from the food directory website Foodiebay. Malaysia Online Food Delivery Market achieved a value of USD 661.7 Million by 2030 with a more than 19.3% CAGR. Looking at the Google Trends results from June 2020 to the end of the year offers a clearer view: Note: The same supermarkets are in the same colours: Tesco (Yellow), Asda (Purple), Morrisons (Green), Sainsburys (Red) and Waitrose (Blue). Do you want to check out a section wise price list? 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 average American spends $67 on takeout per week. . North America's online food delivery market is currently being driven by several factors. Copyright 2023 MarketWatch, Inc. All rights reserved. Customers in 2030 will order mostly through their smartphone and, as a second choice, through a computer. Interest in meal kits grew by 300% between December 2020 and January 2021. Food delivery is a fast-growing industry. 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. We value your investment and offer free customization with every report to fulfil your exact research needs. Lower levels of interest were found during August and September, but interest in supermarket delivery slots spiked again in November in the run up to Christmas as customers sought desirable Christmas delivery slots. 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. 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. For the most part, they maintained their relative popularity with Tesco and Asda holding on to the top two positions. 43% of consumers who ordered food for delivery say it replaced a meal at a restaurant, up from 38% in 2016, suggesting incremental cannibalization of dine-in meals. This outbreak led the Indian government to make the food delivery and restaurants business to be categorized as critical services. Gorilla Grocery seemed to languish by comparison, barely registering against its competitors. The revenue growth is expected to depict a CAGR of 10.39%. Eating delivered or takeaway food is expected to be mostly a solitary occupation for consumers in 2030. In addition, the quality of food delivered deteriorates when the number of food orders is high, which also requires additional resources to provide the food. The food services market in India has shown consistent growth since Fiscal 2014 and was estimated at 4,096 billion in Fiscal 2019. You might be surprised to learn that afternoon tea delivery saw a huge boost in interest in 2020. However, food delivery wasn't first introduced to the world in the past 10 years, in fact it's over a century old industry and has historically been profitable. Those recommendations are publicly available in a digitalized booklet. So what did all this change mean for the food sector and specifically for food delivery, which had thrived while we were unable to dine out? In total, this equates to 851m . Looking at delivery by supermarket, we can compare Tesco (Blue), Sainsburys (Red), Morrisons (Yellow), Waitrose (Green) and Asda (Purple). Instead, what we see for recipe boxes and meal kits in 2020 is an initial continuation of the gradual increase seen in the last 5 years. In April 2019, McDonalds spent $300 million to acquire a big data startup. The COD segment is also estimated to register a significant growth rate during the forecast period. The core difference between these is that Mindful Chef is a nutritionist approved healthy recipe box, while the others offer a variety of meals including healthy and dietary options. *Disclaimer: Major Players sorted in no particular order. 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%. Moreover, this type of service will partly shift from dinnertime to lunchtime. Companies are engaging in several inorganic growth strategies, such as mergers & acquisitions, partnerships, and geographical expansion, to stay afloat in the competitive market scenario. Our Master in Hospitality Management is an internationally recognized MSc qualification. Looking at 2021 as a whole, food boxes (blue) gradually dropped in interest from February to April 2021. To withstand the competition and keep up with ever-changing customer demands, food delivery owners should mind the latest trends and technological advancements. The global food service market size was valued at USD 2,323.29 billion in 2021. Our sales representative will reach you shortly with the details. The global revenue in the online food delivery segment has doubled since 2017. 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. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry. Thank you for your Purchase. Food delivery from these top hot food brands doesnt seem to have slowed in 2021. Looking at the last 5 years, we can see interest in these brands grew significantly in 2020 and then doubled in 2021. online dashboard trial. Online food delivery is not only eating into the market share of traditional dine-in restaurants but is also replacing home-cooking. Who are the key players in online food delivery services market? Restaurant chains are increasingly partnering with multiple third party fleets in order to expand their delivery footprint across all their stores and at all times of day. ; To watch movies and TV shows at home, 57% of the millennials have their food delivered (Mintel). Our aim is to provide the best solution that matches the exact customer requirements. of leading companies in the industry. Need a report that reflects how COVID-19 has impacted this market and its growth? As countrywide lockdowns come into force in wake of the ongoing COVID-19 outbreak and consumers shun in-store purchases and going out to the restaurants, the online food delivery services market is likely to grow. Naturally, not everyone was jumping to order hot food. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million). 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. The players operating with this model offer loyalty and subscription programs to consumers to penetrate the market. 1.1 Study Deliverables and Market Definition, 4.3.2 Bargaining Power of Buyers/Consumers, 5.1.1 Logistics-focused Food Delivery System, 5.1.3 Restaurant-specific Food Delivery System, 7. But, they arent the whole market. Though the industry is currently in its growth phase, several factors, such as fluctuating pricing models and the availability of multiple food delivery service platforms, are anticipated to intensify competition. This is reflected in the growth of searches for supermarket specific delivery slots. However, how fast this happens remains to be seen. 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. But what of 2021? Understanding online food delivery industry business which is one of the new age business and most of us have used it. The first half of 2021 may well mirror the end of 2020. COVID-19 vaccinations have begun, which could enable businesses to reopen and get people back out into the world. Based on the business model, the global online food delivery market is segmented into a logistics-focused food delivery system, order-focused food delivery system, and restaurant-specific food delivery system. Home Delivery Kitchens 2021 Food Delivery Statistics & Trends. 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. With a mere tap on the app, customers may order from any restaurant.According to a global market report on online food delivery services, this market is set to expand to 154.34 billion USD by 2023. Cocktail delivery spiked in interest around April 2020 and then started rising again from around September 2020 to the end of the year. Asia Pacific is expected to emerge as the fastest-growing regional market at a CAGR of more than 19.80% during the forecast period. Depending on the client's demand, a huge amount of business and market-related information has been brought together via this report that eventually helps businesses create better strategies. Cloud kitchens have emerged as the popular investment choice for both established and new restaurateurs for opening a food business. Also, it splits Food Delivery market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects. North America holds highest share in 2021. While overall interest in food delivery was up, what did that mean for specific providers of food delivery? Today companies like Chick-fil-A are exploring in-house delivery and the great benefits it offers such as full visibility and control over customer data and branding. TO KNOW HOW COVID-19 PANDEMIC AND RUSSIA UKRAINE WAR WILL IMPACT THIS MARKET - REQUEST SAMPLE. Larger chains can also open dark supermarkets in urban locations to reach customers more quickly, and create convenient fulfillment options like Buy Online, Pickup In Store. Zomato will also have to deal with competition like Swiggy, an online restaurant delivery service that started in India back in 2014 and moving towards expansion into countries such as the UK and the UAE. Meal kits and recipe boxes are, for all intents and purposes, the same product. This would seem likely to change behaviour when it came to booking Christmas delivery slots. 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. Here are some recommendations based on the expectations of customers concerning food delivery services in 2030. For many, ordering food was a treat to help them get through the first lockdown, but as restrictions continued, interest waned. The expansion of delivery aggregators, such as Zomato and Swiggy, in the Indian market over the last couple of years has further contributed to the industry's growth. The food delivery services like GrubHub, UberEATS, DoorDash, and Postmates are transforming the way people get their meals. EHL GroupRoute de Cojonnex 18 1000 Lausanne 25 Switzerland. When the pandemic of coronavirus hit the world, the food industry and related services were heavily impacted. 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