Latest News- Online On-Demand Food Delivery Services Market: OFFDS is expected to lead the Business Segment segment during 2025-2029

The Online On-Demand Food Delivery Services Market is being driven by Strategic Partnership between restaurants and online food aggregators

The Online On-Demand Food Delivery Services Market is expected to grow at a CAGR of 26.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 470.5 billion. In the burgeoning global online on-demand food delivery services market, companies are prioritizing technological investments to enhance various business facets, including customer base expansion, infrastructural development, and personnel training. Notably, restaurants and food delivery services are also concentrating on creating cross-platform ordering functionalities to guarantee customer convenience. For instance, Dominos Anyware, a food ordering platform in the US, empowers consumers to order Dominos pizza via an array of Internet of Things (IoT) devices, such as smart TVs, smartwatches, and connected cars. Consequently, IoT technology is poised to play a significant role in the global online on-demand food delivery services market during the forecast period. 

Get more information on Online On-Demand Food Delivery Services Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Business Segment
  • OFFDS
  • Logistics-focused food delivery services
• Type
  • Restaurant-to-consumer
  • Platform-to-consumer
• End-user
  • Family
  • Office buildings
• Platform
  • Mobile
  • Web
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Strategic Partnership between restaurants and online food aggregators
• Increasing demand for online on-demand food delivery service
• Growing adoption of online food delivery service

However, the market also witnesses some limitations, which are as follows:

• Rising threat from direct delivery services
• High initial investments and operational costs
• Implementation of stringent regulatory policies

Benefits of Buying Global Online On-Demand Food Delivery Services Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Online On-Demand Food Delivery Services Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In the thriving Online On-Demand Food Delivery Services Market, millennials in urban markets lead the charge for convenience, ordering meals via smartphones and mobile devices from virtual and ghost kitchens. Aggregators like DemandSage facilitate online sales, processing orders through POS systems and digital menu boards. Last-mile connectivity ensures cardboard boxes filled with online food reach customers swiftly. Innovations include robot delivery and meal delivery times, while restaurant reviews and customer preferences shape sales trends. Servicing personnel, insured goods and services, and instore merchandising add value, as does the integration of ecommerce delivery and order processing systems. Food preferences and delivery volumes continue to drive growth in this dynamic industry.

Market Research Overview

The Online On-Demand Food Delivery Services Market represents a significant business segment, encompassing shipping services that transport ready-to-eat food from restaurants to customers via online portals. Market growth is fueled by the expanding travel and tourism industry, with increasing internet penetration enabling seamless platform-to-customer transactions and diverse payment methods. Historically, this sector has shown consistent growth, driven by the convenience and accessibility it offers to consumers. Companies in this industry generate revenue from food delivery and related services, including commissions from restaurants and payment processing fees.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/