Online Food Delivery Market Report Based on Size, Shares, Opportunities, Industry Trends and Forecast to 2032

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Overview of the Online Food Delivery Market

The online food delivery market has experienced significant growth in recent years, especially during the COVID-19 pandemic. Here are some key insights about the market:

Market Size and Growth:

The Online Food Delivery market industry is projected to grow from USD 246.8 Billion in 2023 to USD 560.75 Billion by 2032, at a CAGR of 10.80% during the forecast period (2023 – 2032).

Key Players:

Major companies operating in the online food delivery market include,,

  • Delivery Hero SE
  • DoorDash
  • Domino’s Pizza Inc.
  • me
  • Grubhub
  • McDonald’s Deliveroo
  • Papa John’s International, Inc.
  • Pizza Hut
  • Just Eat
  • Uber Technologies Inc.
  • com, Inc.
  • Zomato Ltd.

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Market Segmentation:

The global online food delivery market is segmented by business model, platform type, and geography. Business models include logistics-focused food delivery systems, order-focused food delivery systems, and restaurant-specific food delivery systems.

The online food delivery market has evolved rapidly, driven by technological advancements, changing consumer behavior, and the impact of global events such as the COVID-19 pandemic. As the market continues to grow, it is likely to see further innovation and expansion into new regions and segments.

Regional Trends:

Asia-Pacific is estimated to be the fastest-growing region in the online food delivery market, with the highest CAGR over the forecast period (2023-2027). In 2023, North America accounted for the largest market share in the online food delivery market.

Impact of COVID-19:

The COVID-19 pandemic had a significant impact on the industry, with both positive and negative effects. While it negatively impacted the overall industry growth in 2020 due to supply chain disruption and end-users revenue loss, it also led to a surge in online food ordering, making food delivery services a de facto standard for both the grocery and restaurant industries.

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