Authored By: Sarah
19 Jan 2021

Online On-Demand Food Delivery Services Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024

Technavio has been monitoring the online on-demand food delivery services market and it is expected to grow by USD 44.23 bn, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Online On-Demand Food Delivery Services Market: Key Trends to impact market growth

The rising popularity of social media in online on-demand food delivery is one of the key online on-demand food delivery services market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Online On-Demand Food Delivery Services Market: Top Drivers to Boost Demand

The convenience involved in ordering food online is one of the primary factors driving the growth of the online on-demand food delivery services market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Online On-Demand Food Delivery Services Market Size to Grow by Over USD 44 Billion 

Vendor Analysis: Alibaba Group Holding Ltd., Delivery Hero SE and Glovoapp23 SL are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alibaba Group Holding Ltd., Delivery Hero SE, Glovoapp23 SL, Grab Holdings Inc., Grubhub Inc., Just Eat Takeaway.com NV, Meituan Dianping, Postmates Inc., Roofoods Ltd., and Zomato Media Pvt. Ltd. are some of the major market participants.

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Online On-Demand Food Delivery Services Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive online on-demand food delivery services market growth during the next five years
  • Precise estimation of the online on-demand food delivery services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the online on-demand food delivery services market industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of online on-demand food delivery services market vendors

The Global Online On-Demand Food Delivery Services Market is expected to grow by USD 44.23 billion accelerating at a CAGR of almost 7% during the forecast period. Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. Preview our latest report

"The convenience involved in ordering food online will drive the growth prospects for the Global Online On-Demand Food Delivery Services Market in the forthcoming years. 59% of the market’s growth will originate from APAC during the forecast period", says senior research analyst for the Consumer discretionary Industry at Technavio.

Online On-Demand Food Delivery Services Market Size to Grow by Over USD 44 Billion 

Online On-Demand Food Delivery Services Market: Segment Highlights

  • Business Model Segmentation: Order-focused food delivery services and Logistics-focused food delivery services
  • The order-focused food delivery services business model predominantly involves the software-based aggregation of orders. As a result, the market vendors have a high potential for scalability, contributing to the online on-demand food delivery services market growth.
  • The online on-demand food delivery services market share growth by the order-focused food delivery services segment will be faster than the growth of the market by the logistics-focused food delivery services segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the online on-demand food delivery services market size.

Online On-Demand Food Delivery Services Market: Competitive Analysis

  • The Online On-Demand Food Delivery Services Market is fragmented due to the presence of several vendors.
  • Market vendors focused on market expansion, innovations, and expansion of distribution networks.
  • Alibaba Group Holding Ltd., Delivery Hero SE, Glovoapp23 SL, Grab Holdings Inc., Grubhub Inc., Just Eat Takeaway.com NV, Meituan Dianping, Postmates Inc., Roofoods Ltd., and Zomato Media Pvt. Ltd. are some of the major market participants. Although the growing demand via food-delivery apps will offer immense growth opportunities, the growing threat from direct delivery services offered by restaurants will challenge the growth of the market participants. 

Technavio provides custom research reports with detailed insights on the impact of COVID-19 with respect to the industry, region, and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download a Free Sample Report 

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