Online Food Delivery & Takeaway Market by Food Price Range (High, Low, Mid), Food Type (Non-veg, Veg), Product Type, Distribution Channel, Application - Global Forecast 2024-2030

Online Food Delivery & Takeaway Market by Food Price Range (High, Low, Mid), Food Type (Non-veg, Veg), Product Type, Distribution Channel, Application - Global Forecast 2024-2030

The Online Food Delivery & Takeaway Market size was estimated at USD 26.10 billion in 2023 and expected to reach USD 28.55 billion in 2024, at a CAGR 9.46% to reach USD 49.15 billion by 2030.

The online food delivery and takeaway market consists of sales of food items and beverages through online platforms that deliver food to customers at their doorstep or provide options for customers to pick up their orders. This market operates through various business models, including traditional restaurants offering online ordering, third-party aggregators, and cloud kitchens. The market caters to a broad range of customers seeking convenience, diverse cuisine options, and quick service. The market's growth is propelled by technological enhancements, shifting work-life dynamics, expanding internet penetration, and a richer mix of culinary offerings. It holds significant potential in embracing futuristic technologies, implementing subscription services, adopting green practices, and forming strategic alliances. However, the market faces challenges, such as intense competition, operational bottlenecks, regulatory constraints, and the need for constant innovation to ensure customer commitment. Focal areas for business expansion and research include drone deliveries, AI analytics, wholesome menu options, and immersive ordering experiences, all geared towards improving customer satisfaction and streamlining service delivery.

Regional Insights

The online food delivery and takeaway market is substantially transforming as it adapts to the changing consumer lifestyles and preferences globally. The market is soaring in the Americas, with consumers demanding convenience alongside healthy and gourmet meals. Big industry players are strengthening their positions through mergers and acquisitions, while tech startups inject innovation with personalized AI-driven experiences and advancements like drone deliveries. Contactless and subscription-based services are part of the evolving trends in line with consumer demands. Meanwhile, in Canada, the industry has mirrored resilience against the backdrop of the pandemic, with a noticeable shift towards supporting local platforms and embracing smart technology, improving customer experiences and addressing the call for sustainability. Moving over to the EU, a fragmented yet growing demand for quick and convenient services characterizes the market, where the rights of gig economy workers and sustainability measures, including electric vehicle deliveries, are shaping the industry. Contrastingly, the Middle East is fueled by a young and tech-savvy demographic, propelling investments in mobile app development and luxury dining experiences, while Africa's market is burgeoning, bolstered by local innovators overcoming unique regional challenges. Asia Pacific is excelling, driven by immense markets such as China and India, where integration with social media and payment platforms and a mobile app usage surge influence the industry.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Online Food Delivery & Takeaway Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Increased Penetration of Internet and Smartphones
    • Convenience Provided by Food Ordering Platforms
    • Increasing Hectic Work Schedule and Congested Metropolitan Cities
    • Market Restraints
      • Inability to Keep up with Ordered Volume and Consistency of Food Delivery
      • Market Opportunities
        • Presence of Large and Well-Organized Food Service Sector
        • Continuous Innovation in the Food Ordering and Delivery Segment
        • Economic Growth and High Urbanization Rate with Higher Disposable Income
        • Market Challenges
          • Unavailability of Skilled Delivery and Logistics Staff
          • Market Segmentation Analysis
            • Food Type: Rising demand for veg and non-veg food on online food delivery applications
            • Distribution Channel: Expanding demand for online delivery in fast-food chain restaurants
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Online Food Delivery & Takeaway Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Online Food Delivery & Takeaway Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Just Eat Takeaway.com to Trial New In-Car Food Ordering Service
              
              Just Eat Takeaway.com, a provider of online food delivery and takeaway services, has announced plans to initiate an innovative in-car food ordering trial in Europe, slated to commence in the first half of 2024. This cutting-edge service aims to enhance customer convenience by integrating a seamless food ordering system within vehicles, allowing patrons to place orders directly from their cars' interfaces.
              
              Aldi Launches Takeaway Pizza Delivery Service
              
              Supermarket chain Aldi has strategically entered the competitive online food delivery market by unveiling its inaugural takeaway pizza delivery service. This initiative represents Aldi's adaptation to evolving consumer demands and harnesses the potential of the burgeoning online food ordering sector. By partnering with the delivery start-up Deliveroo, Aldi offers a selection of its most popular fresh pizzas directly to customers' doorsteps, thereby diversifying its business model beyond traditional in-store shopping experiences.
              
              PizzaExpress Partners With Uber Eats to Launch New Delivery Platform
              
              PizzaExpress announced a partnership with Uber Eats. to capitalize on the burgeoning online food delivery and takeaway market, which has seen significant growth in recent years. Through this alliance, PizzaExpress intends to offer its culinary specialties to a wider audience, leveraging Uber Eats's vast and efficient delivery network.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Online Food Delivery & Takeaway Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Online Food Delivery & Takeaway Market, highlighting leading vendors and their innovative profiles. These include Blue Apron, LLC, Deliveroo plc, Delivery Hero SE, Domino's Pizza, Inc., DoorDash, Inc., Grubhub Inc. by Just Eat Takeaway.com N.V., Hellofresh SE, Instacart, Just Eat Take​away​.com N.V., LimeTray, McDonald's Corporation, Meituan Waimai, Mobo Innovations Ltd., Ola Foods by ANI Technologies Pvt. Ltd, Papa John's International, Inc., Pizza Hut, LLC, Pop Meals, Rebel Foods Private Limited, Restaumatic, Roofoods Ltd, Swiggy by Bundl Technologies Private Limited, Tillster, Inc., Uber Technologies, Inc., and Zomato Media Pvt. Ltd..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Online Food Delivery & Takeaway Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Food Price Range
              • High
              • Low
              • Mid
              • Food Type
                • Non-veg
                • Veg
                • Product Type
                  • Client App
                  • Courier Side App
                  • Restaurant Side App
                  • Distribution Channel
                    • Fast-Food Chain Restaurants
                    • Independent Restaurants
                    • Online Channels
                    • Application
                      • B2B
                      • B2C
                      • Region
                        • Americas
                          • Argentina
                          • Brazil
                          • Canada
                          • Mexico
                          • United States
                            • California
                            • Florida
                            • Illinois
                            • New York
                            • Ohio
                            • Pennsylvania
                            • Texas
                            • Asia-Pacific
                              • Australia
                              • China
                              • India
                              • Indonesia
                              • Japan
                              • Malaysia
                              • Philippines
                              • Singapore
                              • South Korea
                              • Taiwan
                              • Thailand
                              • Vietnam
                              • Europe, Middle East & Africa
                                • Denmark
                                • Egypt
                                • Finland
                                • France
                                • Germany
                                • Israel
                                • Italy
                                • Netherlands
                                • Nigeria
                                • Norway
                                • Poland
                                • Qatar
                                • Russia
                                • Saudi Arabia
                                • South Africa
                                • Spain
                                • Sweden
                                • Switzerland
                                • Turkey
                                • United Arab Emirates
                                • United Kingdom
                                
                                
                                Please Note: PDF & Excel + Online Access - 1 Year