Study Period | 2019-2032 |
Base Year | 2023 |
Forcast Year | 2023-2032 |
CAGR | 7.89 |
Digital Food Delivery Market Analysis Report 2023-2032:
The Digital Food Delivery Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 7.82% from 2022 to 2032. This growth is expected to result in an increase of USD 42,509.73 million in market size. The expansion of this market is driven by various factors, including the increasing adoption of online platforms for ordering food, the convenience offered by digital food delivery services, and the proliferation of smartphones and internet connectivity.
Digital Food Delivery Market Overview: Drivers:
Furthermore, the widespread availability of smartphones and internet connectivity has contributed to the growth of the market. With the proliferation of mobile devices, customers can easily browse menus, place orders, and make payments through user-friendly apps, enhancing their overall dining experience.
Trends:
Additionally, the trend of ghost kitchens or virtual restaurants is gaining momentum in the digital food delivery market. These are kitchen-only operations that cater exclusively to online orders, reducing overhead costs associated with traditional brick-and-mortar establishments. This trend enables entrepreneurs to experiment with new culinary concepts and expand their offerings in response to changing customer preferences.
Restraints:
Furthermore, intense competition within the digital food delivery industry can lead to price wars and thin profit margins for delivery service providers. Balancing the need to offer competitive pricing while ensuring profitability can be a complex task.
Digital Food Delivery Market Segmentation By Application: The segment of "Smartphones and Mobile Apps" is expected to exhibit substantial growth in the digital food delivery market. With the proliferation of smartphones and the development of user-friendly mobile applications, consumers have become accustomed to ordering food at their fingertips. These apps provide an intuitive interface for customers to browse menus, customize orders, track delivery progress, and make secure payments, enhancing their overall dining experience.
The convenience offered by smartphones and mobile apps aligns with the changing consumer behavior towards digital interactions and on-demand services. This segment's growth is further bolstered by the ease of use, real-time updates, and availability of special deals and discounts through these platforms.
Digital Food Delivery Market Segmentation By Type: The "Online Platforms and Aggregators" segment is expected to drive the growth of the digital food delivery market. Online platforms and aggregators act as intermediaries between customers and a wide range of restaurants and food providers. These platforms offer customers a consolidated selection of food options, enabling them to compare menus, prices, and ratings before making an informed decision.
Moreover, these platforms often provide value-added services such as customer reviews, order tracking, and secure payment gateways, enhancing the overall ordering experience. The convenience of having a multitude of dining options available through a single app drives the popularity of online platforms and aggregators in the digital food delivery market.
Regional Overview:
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Countries like China and India, with their large populations and tech-savvy consumers, are witnessing robust growth in the digital food delivery sector. Additionally, the region's diverse culinary landscape provides a wide array of cuisines that can be accessed conveniently through digital platforms, contributing to market expansion.
In response to the COVID-19 pandemic, digital food delivery services witnessed heightened demand as lockdowns and restrictions led to a surge in home-based dining. This trend has encouraged the adoption of online food delivery platforms and is expected to continue driving the market's growth in the coming years.
Digital Food Delivery Market Customer Landscape: The digital food delivery market report encompasses the adoption lifecycle of the market, ranging from early adopters to laggards. It analyzes adoption rates across different regions based on penetration levels. The report also delves into key purchasing criteria and drivers of price sensitivity, assisting companies in devising effective growth strategies.
Major Players in the Digital Food Delivery Market: Industry participants are employing diverse strategies, including strategic partnerships, acquisitions, geographical expansion, and product/service launches, to solidify their market presence.
Qualitative and quantitative analyses of companies are performed to provide insights into the business landscape and strengths and weaknesses of key market players. Data is analyzed to categorize companies based on focus areas, dominance, and strength in the market.
Segment Overview:
TABLE OF CONTENTS: GLOBAL DIGITAL FOOD DELIVERY MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. DIGITAL FOOD DELIVERY MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Digital Food Delivery Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. DIGITAL FOOD DELIVERY MARKET BY Platform Type INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Websites
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3. Mobile applications
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. DIGITAL FOOD DELIVERY MARKET BY Payment Method INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Online Transactions
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3. Pay On Delivery
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. DIGITAL FOOD DELIVERY MARKET REGIONAL OUTLOOK
7.1. Digital Food Delivery Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.3. Europe Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K. Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Digital Food Delivery Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Digital Food Delivery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Digital Food Delivery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Digital Food Delivery Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Digital Food Delivery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Just Eat
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Zomato
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. FoodPanda
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Uber Eats
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. DoorDash
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Swiggy
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Domino’s Pizza
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. McDonald’s
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9. Delivery Hero
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Grubhub
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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