Food Delivery Services Market: size was valued at US$ 138.14 Billion in 2022 and the total Food Delivery Services revenue is expected to grow at 10.1% through 2023 to 2029, reaching nearly US$ 270.92 Billion.
Food Delivery Services Market Overview:
Maximize Market Research (MMR) published a report on the Food Delivery Services Market. The report is a comprehensive analysis of the Food Delivery Services Market, based on primary and secondary data. It provides a detailed analysis of the market size and share in each region and segment, making it an investor’s guide.
Food Delivery Services Market Dynamics:
Restrictions on internet connectivity in rural parts of emerging nations such as India pose a significant obstacle to the growth of the global food delivery services business. Only 59.5% of people on the planet had internet connection as of January 2022. It goes without saying that those without internet access are unable to use any online meal delivery services. During the previously mentioned forecast period, this is anticipated to impede the growth of the global market. The price of the supply chain and logistics is another significant barrier to the worldwide market for food delivery services. This expense covers the cost of packaging, petrol and the pay of the delivery drivers.
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Food Delivery Services Market Report Scope and Research Methodology:
The report provides an in-depth analysis of the Food Delivery Services Market at the global, regional, and country levels. It also provides a comprehensive analysis of the competitive landscape of the Property Management industry, including the business strategies adopted by the key players. The report includes a list of Property Management key competitors, along with their revenue, production capacity, sales, and global presence. SWOT analysis was used to identify the strengths and weaknesses of the key players in the Property Management industry. Detailed information on the Food Delivery Services Market dynamics, including drivers, restraints, opportunities, and challenges, is also provided in the report. The bottom-up approach was used to estimate the global and regional Food Delivery Services Market size. Both primary and secondary research methods were used to gather data on market size, market share, regional insights, market dynamics, the performance of key players, and historical data of the industry. The report also includes a detailed value chain analysis, which helps to understand the manufacturing process of Property Management, with information on raw materials, customers, and distributors. Additionally, the report includes PORTER, PESTLE analysis, and market attractiveness, which help to understand the Food Delivery Services Market at both macro and micro levels.
Food Delivery Services Market Regional Insights:
Geographically, the report is segmented into several key countries, including:
North America: the United States, Canada, and Mexico
Europe: the United Kingdom, Germany, France, Spain, Italy, and the rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN countries, and the rest of Asia Pacific
South America: Brazil
Middle East and Africa
Food Delivery Services Market Segmentation:
by Type
Restaurant-to-Consumer
Platform-to-Consumer
The segments classified by kind are platform-to-consumer and restaurant-to-consumer. In 2022, the platform-to-consumer sector had the largest market share worldwide. Throughout the projection period (2023–2029), this segment is expected to develop at the highest CAGR of 8.9%. This market is expected to develop as a result of the popularity of several meal delivery applications and websites, such as GrubHub and Uber. Due to the fact that this market was one of the few that allowed eateries to stay open during the worldwide lockdown during the COVID-19 epidemic, it expanded quickly. The restaurant-to-consumer market is expected to increase in areas where internet connectivity is scarce or nonexistent, leading to a preference among customers to place their food orders over the phone with their preferred eateries.
by Channel
Websites
Mobile Applications
Websites and mobile applications are the segments categorised under Channel. In 2022, mobile applications accounted for over half of the global food delivery market share. In terms of market shares, this segment is expected to rule the worldwide food delivery industry by 2029. This is explained by the popularity of several smartphone apps for ordering meals, such as Zomato and Swiggy. Additionally, these apps frequently provide their users with cashback and discount offers, which is anticipated to fuel this segment’s growth over the forecast period (2023–2029).
by Payment Method
Cash on Delivery
Online
Cash-on-delivery and online mode payment are the two categories under Payment Method. In 2022, online payments accounted for over half of the worldwide meal delivery market share.
During the previously given forecast period, this segment is anticipated to develop at the fastest rate.
The introduction and expansion of digital payment systems in the US and India, such as PayPal, UPI (Unified Payment Interface), and NPCI (National Payments Corporation of India), is anticipated to propel this segment’s growth throughout the same forecast period.
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Food Delivery Services Market Key Players:
1.Postmates Inc.
2.Foodpanda
3.Ele. me
4.Mr. D Food
5.Takeaway.com
6.Glovoapp23 SL
7.Waiter.com
8.iFood
9.Rappi
10.Door Dash
11.GrubHub
12.Uber
13.JustEat
14.Zomato
15.Deliveroo
16.Swiggy
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Key Questions answered in the Food Delivery Services Market Report are:
- What is the expected Food Delivery Services Market size by 2029?
- What will be the CAGR of the Food Delivery Services Market during the forecast period?
- What are the Food Delivery Services Market segments?
- Which segment held the largest share in the Food Delivery Services Market?
- How is the competitive scenario of the Food Delivery Services Market?
- Which are the key factors driving the Food Delivery Services Market growth?
- What are the key factors restraining the Food Delivery Services Market?
- Which region holds the maximum share in the Food Delivery Services Market?
- Who are the key players in the Property Management industry?
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast |2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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