The online food delivery and takeaway market is expected to reach a valuation of US$ 28,295.9 million in 2024. Expanding online platforms in emerging economies are projected to be the market's primary growth drivers. The market is further projected to develop at a CAGR of 7.20% from 2024 to 2034, totaling around US$ 56,828.1 million by the end of 2034.
Key Market Drivers
In the post-pandemic world, individuals all around the world are increasingly seeking comfort and convenience, even when it comes to food. This has pushed the demand for online food delivery and takeaway market. Besides this, the market is also exhibiting a healthy growth rate due to these reasons:
| Attributes | Key Statistics |
|---|---|
| Expected Base Year Value (2024) | US$ 28,295.9 million |
| Anticipated Forecast Value (2034) | US$ 56,828.1 million |
| Estimated Growth (2024 to 2034) | 7.20% CAGR |
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With the growth of online food delivery and takeaway platforms, ghost kitchens and virtual restaurants are also experiencing a notable surge. These establishments operate exclusively for delivery and takeaway orders. These restaurants are offering contactless delivery options to prioritize safety and convenience. Besides this, online food delivery applications are also using AI and machine learning algorithms to improve personalized recommendations.
The ongoing trend of health-conscious dietary habits has also influenced the online food delivery and takeaway market. Food delivery platforms are also offering vegan, vegetarian, gluten-free, and keto options to cater to the demands of people with specific dietary preferences. Apart from this, these companies are also focusing on sustainable packaging and eco-friendly delivery practices to meet the needs of eco-conscious consumers.
The online food delivery and takeaway market is heavily dependent on partnerships between delivery platforms and restaurants. Any disruptions in this partnership due to improper distribution of profits impede the adoption of these platforms for future food deliveries. Individuals also find online-ordered food expensive due to various charges, such as delivery charges, taxes, etc., included in them. This also is a key deterrent for the online food delivery and takeaway market.
The online food delivery and takeaway platform market is also very competitive due to the presence of numerous players. This cut-throat competition leads to reduced profit margins for restaurants. Besides this, changing the dietary preferences of health-conscious individuals who prefer home-cooked food over restaurant food is also slowing down the adoption of this market.
Principal Consultant
On the basis of product type, the market is segmented into vegetarian and non-vegetarian. The non-vegetarian segment is anticipated to hold a share of 89.40% of the overall online food delivery and takeaway market.
| Attributes | Details |
|---|---|
| Product Type | Non-vegetarian |
| Market Share in 2024 | 89.40% |
Non-vegetarian food is being increasingly consumed by people in the developed and developing parts of the world. Individuals are also ordering non-vegetarian food through online food delivery and takeaway platforms as they get to enjoy diverse cuisines within a few clicks. Non-vegetarian food is also increasingly visible and celebrated on these platforms, which has also led to people preferring it over vegetarian alternatives.
Based on the price range, low priced segment takes the maximum share of the online food delivery and takeaway market. It is anticipated to hold a market value of 55.30%.
| Attributes | Details |
|---|---|
| Price Range | Low |
| Market Share in 2024 | 55.30% |
Consumers of online food delivery and takeaway platforms often find low-cost food options more affordable than dining out at restaurants or preparing meals at home. These platforms also offer convenience by allowing users to order food with just a few clicks or taps on their smartphones or computers.
Besides this, meal delivery platforms offer a wide variety of low-cost food options such as fast food, street food, and budget-friendly meals from local eateries. These options also attract cost-sensitive consumers to the market, augmenting the overall adoption.
This section offers a comprehensive analysis of the online food delivery and takeaway market across various countries, including the United States, China, Germany, Japan, and India. The table presents the forecasted CAGR for each country, depicting the estimated market growth in these countries until 2034.
| Countries | Forecasted CAGR from 2024 to 2034 |
|---|---|
| India | 6.90% |
| Japan | 6.40% |
| Germany | 5.10% |
| United States | 4.20% |
| China | 3.90% |
India also exhibits a promising future in the online food delivery and takeaway industry. The online food delivery and takeaway industry in India is anticipated to retain its ascendency by progressing at a CAGR of 6.90% till 2034.
India has a large youth population, which is tech-savvy and prefers the convenience of ordering food online. The expanding middle class in India, with more disposable income, is one of the main reasons why the Indian market for online food delivery and takeaway platforms has been experiencing a surge. This demographics’ willingness to spend a little extra on online-ordered food has contributed to the growth in the past few years.
Japan is also one of the lucrative markets when it comes to the online food delivery and takeaway industry. The online food delivery and takeaway market in Japan is anticipated to develop at a CAGR of 6.40%.
Japan's aging population is one of the main reasons for the proliferation of online food delivery and takeaway platforms in the country. This is because the geriatric population is increasingly turning to online food delivery services for convenience and accessibility. Besides this, the compact urban living spaces and long working hours make online food delivery a convenient option for busy urban dwellers.
Germany also is a promising market in the online food delivery and takeaway industry. Over the next ten years, the demand for online food delivery and takeaway in Germany is projected to rise at a 5.10% CAGR.
People, in general, have become more accustomed to using digital technology for various aspects of their lives, especially for ordering food in Germany. This factor is considered one of the main reasons for the growth of the online food delivery and takeaway market in the country. The entry of multinational food chains and eateries in the country has also pushed the delivery culture in the general population, further augmenting the adoption in Germany.
The United States is expected to exhibit significant market growth over the forecast period. The United States online food delivery and takeaway market is anticipated to progress at a CAGR of 4.20% through 2034.
The United States has a well-established chain of hotels and restaurants. Even before the advent of the Internet, these restaurants offered last-mile delivery options through phone calls. This familiarity with food delivery and takeaway culture has made it easier for online platforms to manage the logistics in the country.
Besides this, culinary diversity contributes to the healthy growth of the online food delivery and takeaway industry in the United States. Additionally, the affluent population, who can afford costly food items, further boosts this trend.
China is also one of the lucrative markets in the East Asia online food delivery and takeaway industry. The online food delivery and takeaway market in China is anticipated to roar at a CAGR of 3.90% through 2034.
In the last few decades, China has undergone serious urbanization. This has led to immense migration of people to the urban areas, leaving their families and homes behind. As more and more individuals seek home-cooked food, the demand for online food delivery and takeaway platforms is anticipated to experience a surge. Apart from this, the increasing adoption of online mobile payment systems, such as Alipay and WeChat Pay, has also facilitated the growth of online food delivery platforms in China.
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Uber Eats, DoorDash, Grubhub, Just Eat Takeaway.com, Zomato, Swiggy, Meituan Dianping, Delivery Hero, Deliveroo, Ele.me are some of the most prominent companies in the global market for online food delivery and takeaway systems. These companies are coming up with exclusive offers and discount plans to attract more consumers to their platforms.
To stay more competitive in the market, these companies are also embracing sustainable packaging and delivery practices. Apart from this, key players are also offering additional coupons and cashback if the food is not delivered at the aforementioned time.
Recent Developments
The current worth of the online food delivery and takeaway market is expected to be US$ 28,295.9 million in 2024.
The market is expected to reach US$ 56,828.1 million by 2034.
The market is growing at a CAGR of 7.20% from 2024 to 2034.
Uber Eats, DoorDash, Grubhub, Zomato, Swiggy, Meituan Dianping, Delivery Hero, and Deliveroo are some of the key players in the market.
The valuation for the online food delivery and takeaway market in 2023 was US$ 25463.2 million.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Store Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Store Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Store Type, 2024 to 2034 5.3.1. Google Play Store 5.3.2. Apple Store 5.3.3. Others 5.4. Y-o-Y Growth Trend Analysis By Store Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Store Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2024 to 2034 6.3.1. Gaming 6.3.2. Music & Entertainment 6.3.3. Health & Fitness 6.3.4. Productivity 6.3.5. Communication 6.3.6. Security 6.3.7. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Store Type 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Store Type 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Store Type 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Store Type 9.3.3. By Application 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Store Type 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Store Type 10.3.3. By Application 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Store Type 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Store Type 11.3.3. By Application 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Store Type 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Store Type 12.3.3. By Application 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Store Type 13.2.3. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Store Type 13.3.3. By Application 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Store Type 14.2.3. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Store Type 14.3.3. By Application 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Store Type 15.1.2.2. By Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Store Type 15.2.2.2. By Application 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Store Type 15.3.2.2. By Application 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Store Type 15.4.2.2. By Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Store Type 15.5.2.2. By Application 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Store Type 15.6.2.2. By Application 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Store Type 15.7.2.2. By Application 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Store Type 15.8.2.2. By Application 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Store Type 15.9.2.2. By Application 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Store Type 15.10.2.2. By Application 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Store Type 15.11.2.2. By Application 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Store Type 15.12.2.2. By Application 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Store Type 15.13.2.2. By Application 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Store Type 15.14.2.2. By Application 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Store Type 15.15.2.2. By Application 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Store Type 15.16.2.2. By Application 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Store Type 15.17.2.2. By Application 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Store Type 15.18.2.2. By Application 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Store Type 15.19.2.2. By Application 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Store Type 15.20.2.2. By Application 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Store Type 15.21.2.2. By Application 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Store Type 15.22.2.2. By Application 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Store Type 15.23.2.2. By Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Store Type 16.3.3. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Amazon Appstore 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. Windows Store 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. Apple iTunes 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. Google Play 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. BlackBerry World. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. GetJar 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. Aptoide 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. Opera Mobile Store 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Online Food Delivery and Takeaway Market
