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 dynamic global online on-demand food delivery services market, businesses are prioritizing technological investments to enhance various business facets, including customer base expansion, infrastructural development, and personnel training. Notably, the role of technology, such as the Internet of Things (IoT), is becoming increasingly significant. For instance, Dominos Anyware, a food ordering platform in the US, empowers consumers to order Dominos pizza via an array of IoT devices, including smart TVs, smartwatches, and connected cars. This trend underscores the significance of IoT and other advanced technologies in the forecast period for the online on-demand food delivery services market. 

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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

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

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Research Analysis Overview

The Online On-Demand Food Delivery Services Market is experiencing significant growth, driven by the rise of virtual kitchens and cloud restaurants like DemandSage. Millennials' preference for convenience and ecommerce delivery, coupled with last-mile connectivity, is fueling this trend. Virtual and ghost kitchens, utilizing POS systems and digital menu boards, serve meals prepared specifically for online orders. Servicing personnel and robot delivery ensure timely delivery of food to customers' doors. Factors such as customer preferences, sales trends, and meal delivery times influence the market. Insurance, instore merchandising, and restaurant reviews also play a role in the industry's growth. Food innovation, order processing, and smartphone apps continue to shape the future of online food delivery services.

Market Research Overview

The Online On-Demand Food Delivery Services Market serves as a business-to-customer (B2C) platform, connecting restaurants directly with consumers for the convenience of restaurant-to-customer (R2C) food delivery. Technavio's market analysis calculates the industry's size based on revenue generated from shipping services, online portals, and diverse payment methods. Key growth drivers include the expanding travel and tourism sector, with increasing numbers of tourists from both emerging and developed economies, and the rising preference for convenience and time savings in meal consumption.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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