Food Delivery Services Market size was valued at US$ 125.47 Billion in 2021 and the total Food Delivery Services revenue is expected to grow at 10.1% through 2022 to 2029, reaching nearly US$ 270.92 Billion.
Market Overview
The intelligence report on Food Delivery Services market was published by Maximise Market research which indicates the expected growth in Food Delivery Services market in the forecast period of 2022-2029. The Food Delivery Services market is growing rapidly with a substantial growth rate over the previous years and it is estimated to grow more. The report provides Food Delivery Services market drivers and restraints. It helps in recognizing the key drivers of the Food Delivery Services market which driving the Food Delivery Services markets growth and also helps to understand the upcoming opportunities by using the key drivers.
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Market Scope
The reports provides an in-depth analysis of the market size and its compound annual growth rate for forecast period. Leading analyst’s team has scrutinized the results and data while making of report. It also focuses on the key methods used by the competitors in the industry. It provides the reader and investors with up to data of the Food Delivery Services market. Data on market size, current and future trends, market share, market dynamics, opportunities, threats and risks and the new entrants of the are represented in the report in the form of graphs, tables, pie charts and product statistics. Some methodologies were undertaken while researching such as SWOT, PESTLE and PORTER’S five forces analysis to understand the Food Delivery Services market strengths and weaknesses.
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Segmentation:
By Type, the segments are restaurant-to-consumer and platform-to-consumer. Platform-to-consumer segment held the highest share in the global market in the year 2021. This segment is projected to grow at the highest CAGR of 8.9% in the forecast period (2022-2029). The growth of this segment can be attributed to the rise of different food ordering websites and apps like GrubHub and Uber. This segment gained rapid growth during the COVID-19 pandemic because it was one of the only things that helped restaurants to continue their businesses in the global lockdown measures. The restaurant-to-consumer is projected to witness growth in the regions which have low to no internet access so customers prefer to directly call their favorite restaurants and order their food.
By Channel, the segments are websites and mobile applications. Mobile apps held more than half the shares in the global food delivery market in the year 2021. This segment is projected to dominate the global food delivery market in terms of shares in the year 2029. This can be attributed to the rise of different food ordering mobile apps like Zomato and Swiggy. Also, these apps often offer discounts and cashback offers to their customers which is projected to drive the growth of this segment in the forecast period (2022-2029).
Key Players:
• Postmates Inc.
• Foodpanda
• Ele. me
• Mr. D Food
• Takeaway.com
• Glovoapp23 SL
• Waiter.com
• iFood
• Rappi
• Door Dash
• GrubHub
• Uber
• JustEat
• Zomato
• Deliveroo
• Swiggy
Regional Analysis
Regional analysis provided in the report by MMR indicates the Food Delivery Services market’s growth region wise with analysis of the Food Delivery Services market in specific country. The report also provides the information regarding the Food Delivery Services market dominating country as well as the least achieving countries in the industry. It also covers the geographic conditions of the market and revenue generated and in-depth analysis into the business structure and new updates.
Key Questions answered in the Food Delivery Services Market Report are:
Key offerings:
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Mar 13, 2023