Food Delivery Services Market Size by Technology: Market Analysis Report, Forecast 2021-2028
Food delivery services Market include delivering groceries from supermarkets, meals from restaurants, and vegetable box deliveries, among others.The global food delivery services market size is expected to reach USD 311.43 Billion at a steady revenue CAGR of 11.4% in 2028, according to latest analysis by Emergen Research. Surge in Internet penetration, rising usage of smartphones, increasing number of dual income families, and rise in demand for quick access to affordable food are some key factors driving market revenue growth.
Significant driving forces shaping the future of the Food Delivery Services Market for the forecast period 2021 – 2028 find a special mention in the study and are backed by a real-time statistics. Thorough segmentation of the industry by type, application, classification, and geography works as an impetus towards increasing the sale figures and boosting business prospects alongside the hindrances that often restrict the industry’s growth. In addition, bifurcation of the market on the basis of consumption volume, customer preference, end-user, and production capacity is explained through important resources including but not limited to charts, graphic images, and tables.
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Online food delivery services platforms have witnessed major growth in recent years and revenue is expected to increase at a significant rate going ahead. High focus on providing better convenience and wider variety of cuisine and food choices for consumers, offer of discounts and deals, and option for customers to order from different restaurants with a single tap in their smartphone apps are novelties that are supporting preference for online food delivery services.
Cash on delivery segment revenue has been increasing substantially in the recent past owing to an increasing number of customers opting to pay by cash due to lack of trust in online transactions and processes. Skepticism regarding security of online payments and low level of digitalization in some developing countries is further driving growth of this segment. Banks are focusing on improving security and providing additional services to make online transaction more secure, and this along with rising deployment of more security levels is expected to result in addition of a sizable consumer base going ahead.
Top Leading Players in the market include:
DoorDash, GrubHub, Uber Delivery, Just Eat Takeaway, Zomato, Deliveroo, Swiggy, Postmates Inc., Foodpanda, and Ele.me (Alibaba).
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Key Questions Answered by the Report:
What Food Delivery Services Market segment is expected to register the highest growth in the forecast period?
What are the risks and threats that are affecting the Food Delivery Services Market ?
Which region is expected to dominate other regions over the forecast period?
Who are the prominent players of the industry? What strategic business plans have they undertaken?
What are the key factors driving and restraining growth of the Food Delivery Services Market ?
What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?
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Market Overview:
The Food Delivery Services Market Technology industry has rapidly grown in terms of revenue in the recent years and is expected to register robust revenue growth throughout the forecast period. Factors such as technological advancements in manufacturing techniques and rapid urbanization and industrialization are boosting market revenue growth. These factors along with latest trend for redevelopment and advanced flooring for aesthetic look and increasing adoption of automation across the globe are technological market growth. In addition, government schemes and increasing investments to develop enhanced products is expected to open favorable growth opportunities going ahead.
Emergen Research has segmented the global food delivery services market on the basis of platform, model, type, payments, and region:
- Food Delivery Services Market Platform Outlook (Revenue, USD Billion; 2018–2028)
- Online
- Offline
- Online to Offline (O2O)
- Food Delivery Services Market Model Outlook (Revenue, USD Billion; 2018–2028)
- Platform to Customer
- Aggregators
- Full-Stack Model
- Restaurant to Consumer Model
- Food Delivery Services Market Type Outlook (Revenue, USD Billion; 2018–2028)
- Meal Kits Delivery
- Restaurant Prepared Food Delivery
- Grocery Delivery
- Veggie Box Delivery
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Payments Outlook (Revenue, USD Billion; 2018–2028)
Cash on Delivery
Online Payment
Key Regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Table of Contents:
Chapter 1 includes an introduction of the global Food Delivery Services Market , along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application
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About Us:
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade
