The food delivery service market is projected to grow at a CAGR of 9.27% between 2025 to 2030.
Food delivery service allows customers to order food from their desired food outlet via the Internet or by calling over the phone. Order is placed directly with the outlet owner or the providers of food delivery service. The market is estimated to be held significantly by online service providers. The food delivery service market is expected to have significant growth driven by the rise in the working population, rising internet penetration, and growth of the food and beverage industry.
The platform-to-consumer delivery model is expected to have a significant market share due to increased convenience, attractive discounts, and various payment options. By geography, the Asia Pacific region is expected to have a considerable growth rate owing to a rise in disposable income and an increase in internet penetration.
DRIVERS
Growing smartphone and internet penetration
Budding Food and Beverage industry
RESTRAINT
Availability of Substitutes in the form of dine-in and takeaways
INDUSTRY UPDATE
In December 2018, Delivery Hero announced that it would be selling its German operation to Takeaway.com for cash and shares
In July 2019, the Department of Promotion and Internal Trade, India summoned online food aggregators Swiggy, Zomato, FoodPanda, and UberEats following complaints of deep discounts and predatory pricing.
Zomato acquired non-profit food donation startup Feeding India in July 2019
SEGMENTATION
The food delivery service market has been analyzed through the following segments:
By delivery type
Restaurant to consumer delivery
Platform to consumer delivery
By Mode of Payment
Pre-Paid
Post-Paid
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others