Online Catering Marketplace Size and Share Forecast Outlook

The Online Catering Marketplace is projected to witness steady growth in the global market at a CAGR of 4.6% during 2022 and 2032. The online catering marketplace share is projected to be valued at USD 76.3 Billion in 2022 and is forecasted to reach USD 119.9 Billion by 2032.

The global expansion of online catering marketplace share is being driven by financial growth, more disposable income, increased food consumption, and improved internet penetration. The increase in adoption of online catering is due to the growing trend of ordering meals online and customers spending more money on food consumed outside the home around the world.

Online catering marketplace key players are focusing on expanding their services in every manner they can, including facilitating online catering services and reacting to the growing trend of food delivery to homes. This is one of the major factors driving the growth of online catering marketplace share.

Furthermore, marketplaces assist local and small companies in making their menus available online and increasing their revenue. Due to these factors the popularity of marketplace is growing rapidly throughout 2022 to 2032.

Attributes Details
Online Catering Marketplace CAGR (2022 to 2032) 4.6%
Online Catering Marketplace Value (2022) USD 76.3 Billion
Online Catering Marketplace Value (2032) USD 119.9 Billion

Key Growth Dynamics Driving the Online Catering Marketplace

Due to the rising consumers' disposable income, the popularity of online catering is rising, electronic payment systems have gotten more reliable, and the number of suppliers and their delivery networks continues to grow.

The rise of online catering marketplace share, as well as consumer use of these channels in developing nations has altered the way customers and providers interact, particularly during COVID pandemics. Food ordering through online catering was already a trend in industrialized countries.

Online catering services have evolved in response to changes in socioeconomic conditions, as there is a lot higher need for lunch/dinners consumed outside the home.

Scientific and technological developments have also aided mass-production caterers and food producers in streamlining their operations, increasing efficiency and improving safety.

Furthermore, the usage of computers and smartphones has made a significant contribution in the growth of online catering marketplace size. The demand for exquisite cuisines has increased as a result of increased migration, urbanization, globalization, as well as more exposure to various cuisines. These factors provide marketplace for online catering growth opportunities for the key players during the forecast period.

Advertisements for ethnic cuisine and a growing enthusiasm among locals to taste new meals in places like corporate offices, government offices, education facilities, entertainment centers, hospitals, and travel facility hubs have boosted adoption of online catering even more.

With the necessity to cater to institutional levels such as supplying food at the workplace and institutions providing care for various target groups, such as hospitals, old age homes, orphanages, and hostels, new types of marketplace are emerging.

Consumers are being enticed to consume more food marketplace through online catering through rising household income and the rise of dual-income households in the majority of regions.

Apart from these causes, the online catering marketplace share is gaining pace in both developed and developing countries around the world, and franchising remains one of the most popular growth techniques.

As the majority of millennials like ordering food online, their spending on online catering is expanding at a faster rate than their expenditure on traditional family eateries. Many international marketplace and hotel brands are extending their presence in foreign markets, owing to the adoption of online catering among the young population.

Segmentation Outlook for the Online Catering Marketplace

By service type, the wedding catering segment is anticipated to dominate the marketplace during 2022 to 2032.

Destination weddings are becoming increasingly popular among millennials, with one out of every four couples in the United States choosing for one. Furthermore, weddings in New York City are by far the most lavish destination weddings.

The average wedding costs over USD 70,000, which is not surprising. As a result of these factors, the online catering marketplace share is projected to grow throughout 2032.

By application, the corporate segment is projected to dominate the marketplace with a CAGR of 4.2% during 2022 to 2032.

The corporate catering segment in marketplace is fueled by changes in working habits. With the advent of the gig economy and more flexible work arrangements, employers are looking for new ways to retain employees, and they've discovered that food is one of them. According to studies, productivity increases when employees eat at their desks rather than taking a long lunch break.

As a result, more companies are investing in office catering. Catering is seen by employers as an investment in staff retention rather than a once-in-a-lifetime reward. These are some of the reasons propelling the growth of corporate segment and overall online catering marketplace size.

Leading Region in the Online Catering Marketplace

North America is anticipated to hold the largest online catering marketplace share. The rising number of dual-earner households, rising disposable income, the presence of fast-food chains, and the region's overall economic growth are all key factors in making this region one of the largest market.

The United States is the largest market in North America, owing to consumer preferences of eating out most days of the week and the expansion of online catering marketplace size in the country over the last few years.

Apart from the United States, Mexico is a promising country in this region in terms of CAGR. Due to the growing millennial population, changing consumer lifestyles in the country, and an increasing number of tourists visiting the country, Mexico is expected to grow at the steady CAGR in this region.

During the projected period, the Asia Pacific marketplace is expected to increase at the fastest rate.

Growing urbanization and the expansion of the middle class in the Asia Pacific area are driving online catering marketplace growth. In Asia, the marketplace is fragmented, with small-to-medium businesses predominating. The diverse cuisines and consumer consumption trends in this region are heavily influenced by regional variation.

In China, marketplace generated a 23.1% increase over the previous year, and online food orders accounted for 5% of total HRI revenue, with significant growth predicted in the years ahead.

In comparison to other regions, Europe is predicted to grow steadily. In 2020, the European online catering marketplace market faced more obstacles than ever before. In addition to the COVID-19, Brexit has thrown this industry into disarray in the United Kingdom. The impact of Covid-19 on the UK economy and the food and hospitality industries has been enormous.

Competitive Landscape in the Online Catering Marketplace

The latest research by FMI suggests that the marketplace's competitive landscape exhibits a fragmented nature, with various competitors present.

Since the food service industry was severely impacted by the COVID-19 epidemic in 2020, market participants were not willing to put their businesses at risk by investing in risky markets and perhaps losing money. However, as the markets began to open, significant companies in this sector began to expand their enterprises, and changes in the industry occurred.

During the forecast period, new product launches and expansions through partnerships are likely to provide attractive chances for the eatable service market to develop. The following are the major developments in the global online catering marketplace:

  • USA Krispy Kreme, Inc. teamed with its franchise partner Americana Group to open the first Krispy Kreme shop in Egypt in North Carolina.
  • Pizza Hut and Beyond Meat teamed up to produce Beyond Pepperoni, a delectable plant-based version of Pizza Hut's pizza topping and a first for both brands.
  • Pizza Hut teamed with Hindustan Unilever in August 2021 to introduce the FMCG firm's Kwality Wall's ice cream and desserts to its dine-in, delivery, and takeaway menus in India.
  • Domino's Pizza teamed with ITC Foods and launched Domino's Essentials in April 2020, following COVID-19.

Top Online Catering Marketplace Players by Market Share

  • CMARKETPLACE CATERING
  • ezCater, Inc.
  • SmartBite
  • Yummy Corp
  • Smunch . Co
  • Sodexo
  • Mitie Group plc
  • Olive Catering Services Ltd
  • Forkable

Top Segments Studied in the Online Catering Marketplace Research Report

By Service Type:

  • Wedding Catering
  • Social Event Catering
  • Restaurant Catering
  • Others

By Application:

  • Corporate
  • Educational Institutions
  • Healthcare
  • Industrial
  • Hospitality Services
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Marketplace Analysis 2017 to 2021 and Forecast 2022 to 2032
  • 5. Global Marketplace Analysis 2017 to 2021 and Forecast 2022 to 2032, By Service Type
    • 5.1. Wedding Catering
    • 5.2. Social Event Catering
    • 5.3. Restaurant Catering
    • 5.4. Others
  • 6. Global Marketplace Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
    • 6.1. Corporate
    • 6.2. Educational Institutions
    • 6.3. Healthcare
    • 6.4. Industrial
    • 6.5. Hospitality Services
    • 6.6. Others
  • 7. Global Marketplace Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
    • 7.1. North America
    • 7.2. Latin America
    • 7.3. Europe
    • 7.4. East Asia
    • 7.5. South Asia
    • 7.6. Oceania
    • 7.7. MEA
  • 8. North America Marketplace Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 9. Latin America Marketplace Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 10. Europe Marketplace Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 11. East Asia Marketplace Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 12. South Asia Marketplace Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 13. Oceania Marketplace Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 14. MEA Marketplace Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 15. Key Countries Marketplace Analysis
  • 16. Market Structure Analysis
  • 17. Competition Analysis
    • 17.1. CMARKETPLACE CATERING
    • 17.2. Dine Contact Catering
    • 17.3. Sodexo
    • 17.4. ezCater Inc.
    • 17.5. SmartBite
    • 17.6. Yummy Corp
    • 17.7. Smunch. Co
    • 17.8. Mitie Group plc
    • 17.9. Olive Catering Services
    • 17.10. Forkable
  • 18. Assumptions & Acronyms Used
  • 19. Research Methodology

List of Tables

Table 01: Global Marketplace Value (US$ Bn) Forecast by Region, 2017-2032

Table 02: Global Marketplace Value (US$ Bn) Forecast by Service Type, 2017-2032

Table 03: Global Marketplace Value (US$ Bn) Forecast by Application, 2017-2032

Table 04: North America Marketplace Value (US$ Bn) Forecast by Country, 2017-2032

Table 05: North America Marketplace Value (US$ Bn) Forecast by Service Type, 2017-2032

Table 06: North America Marketplace Value (US$ Bn) Forecast by Application, 2017-2032

Table 07: Latin America Marketplace Value (US$ Bn) Forecast by Country, 2017-2032

Table 08: Latin America Marketplace Value (US$ Bn) Forecast by Service Type, 2017-2032

Table 09: Latin America Marketplace Value (US$ Bn) Forecast by Application, 2017-2032

Table 10: Europe Marketplace Value (US$ Bn) Forecast by Country, 2017-2032

Table 11: Europe Marketplace Value (US$ Bn) Forecast by Service Type, 2017-2032

Table 12: Europe Marketplace Value (US$ Bn) Forecast by Application, 2017-2032

Table 13: East Asia Marketplace Value (US$ Bn) Forecast by Country, 2017-2032

Table 14: East Asia Marketplace Value (US$ Bn) Forecast by Service Type, 2017-2032

Table 15: East Asia Marketplace Value (US$ Bn) Forecast by Application, 2017-2032

Table 16: South Asia Marketplace Value (US$ Bn) Forecast by Country, 2017-2032

Table 17: South Asia Marketplace Value (US$ Bn) Forecast by Service Type, 2017-2032

Table 18: South Asia Marketplace Value (US$ Bn) Forecast by Application, 2017-2032

Table 19: Oceania Marketplace Value (US$ Bn) Forecast by Country, 2017-2032

Table 20: Oceania Marketplace Value (US$ Bn) Forecast by Service Type, 2017-2032

Table 21: Oceania Marketplace Value (US$ Bn) Forecast by Application, 2017-2032

Table 22: MEA Marketplace Value (US$ Bn) Forecast by Country, 2017-2032

Table 23: MEA Marketplace Value (US$ Bn) Forecast by Service Type, 2017-2032

Table 24: MEA Marketplace Value (US$ Bn) Forecast by Application, 2017-2032

List of Figures

Figure 01: Global Marketplace Value (US$ Bn) by Service Type, 2022-2032

Figure 02: Global Marketplace Value (US$ Bn) by Application, 2022-2032

Figure 03: Global Marketplace Value (US$ Bn) by Region, 2022-2032

Figure 04: Global Marketplace Value (US$ Bn) Analysis by Region, 2017-2032

Figure 05: Global Marketplace Value Share (%) and BPS Analysis by Region, 2022-2032

Figure 06: Global Marketplace Y-o-Y Growth (%) Projections by Region, 2022-2032

Figure 07: Global Marketplace Value (US$ Bn) Analysis by Service Type, 2017-2032

Figure 08: Global Marketplace Value Share (%) and BPS Analysis by Service Type, 2022-2032

Figure 09: Global Marketplace Y-o-Y Growth (%) Projections by Service Type, 2022-2032

Figure 10: Global Marketplace Value (US$ Bn) Analysis by Application, 2017-2032

Figure 11: Global Marketplace Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 12: Global Marketplace Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 13: Global Marketplace Attractiveness by Service Type, 2022-2032

Figure 14: Global Marketplace Attractiveness by Application, 2022-2032

Figure 15: Global Marketplace Attractiveness by Region, 2022-2032

Figure 16: North America Marketplace Value (US$ Bn) by Service Type, 2022-2032

Figure 17: North America Marketplace Value (US$ Bn) by Application, 2022-2032

Figure 18: North America Marketplace Value (US$ Bn) by Country, 2022-2032

Figure 19: North America Marketplace Value (US$ Bn) Analysis by Country, 2017-2032

Figure 20: North America Marketplace Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 21: North America Marketplace Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 22: North America Marketplace Value (US$ Bn) Analysis by Service Type, 2017-2032

Figure 23: North America Marketplace Value Share (%) and BPS Analysis by Service Type, 2022-2032

Figure 24: North America Marketplace Y-o-Y Growth (%) Projections by Service Type, 2022-2032

Figure 25: North America Marketplace Value (US$ Bn) Analysis by Application, 2017-2032

Figure 26: North America Marketplace Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 27: North America Marketplace Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 28: North America Marketplace Attractiveness by Service Type, 2022-2032

Figure 29: North America Marketplace Attractiveness by Application, 2022-2032

Figure 30: North America Marketplace Attractiveness by Country, 2022-2032

Figure 31: Latin America Marketplace Value (US$ Bn) by Service Type, 2022-2032

Figure 32: Latin America Marketplace Value (US$ Bn) by Application, 2022-2032

Figure 33: Latin America Marketplace Value (US$ Bn) by Country, 2022-2032

Figure 34: Latin America Marketplace Value (US$ Bn) Analysis by Country, 2017-2032

Figure 35: Latin America Marketplace Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 36: Latin America Marketplace Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 37: Latin America Marketplace Value (US$ Bn) Analysis by Service Type, 2017-2032

Figure 38: Latin America Marketplace Value Share (%) and BPS Analysis by Service Type, 2022-2032

Figure 39: Latin America Marketplace Y-o-Y Growth (%) Projections by Service Type, 2022-2032

Figure 40: Latin America Marketplace Value (US$ Bn) Analysis by Application, 2017-2032

Figure 41: Latin America Marketplace Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 42: Latin America Marketplace Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 43: Latin America Marketplace Attractiveness by Service Type, 2022-2032

Figure 44: Latin America Marketplace Attractiveness by Application, 2022-2032

Figure 45: Latin America Marketplace Attractiveness by Country, 2022-2032

Figure 46: Europe Marketplace Value (US$ Bn) by Service Type, 2022-2032

Figure 47: Europe Marketplace Value (US$ Bn) by Application, 2022-2032

Figure 48: Europe Marketplace Value (US$ Bn) by Country, 2022-2032

Figure 49: Europe Marketplace Value (US$ Bn) Analysis by Country, 2017-2032

Figure 50: Europe Marketplace Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 51: Europe Marketplace Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 52: Europe Marketplace Value (US$ Bn) Analysis by Service Type, 2017-2032

Figure 53: Europe Marketplace Value Share (%) and BPS Analysis by Service Type, 2022-2032

Figure 54: Europe Marketplace Y-o-Y Growth (%) Projections by Service Type, 2022-2032

Figure 55: Europe Marketplace Value (US$ Bn) Analysis by Application, 2017-2032

Figure 56: Europe Marketplace Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 57: Europe Marketplace Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 58: Europe Marketplace Attractiveness by Service Type, 2022-2032

Figure 59: Europe Marketplace Attractiveness by Application, 2022-2032

Figure 60: Europe Marketplace Attractiveness by Country, 2022-2032

Figure 61: East Asia Marketplace Value (US$ Bn) by Service Type, 2022-2032

Figure 62: East Asia Marketplace Value (US$ Bn) by Application, 2022-2032

Figure 63: East Asia Marketplace Value (US$ Bn) by Country, 2022-2032

Figure 64: East Asia Marketplace Value (US$ Bn) Analysis by Country, 2017-2032

Figure 65: East Asia Marketplace Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 66: East Asia Marketplace Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 67: East Asia Marketplace Value (US$ Bn) Analysis by Service Type, 2017-2032

Figure 68: East Asia Marketplace Value Share (%) and BPS Analysis by Service Type, 2022-2032

Figure 69: East Asia Marketplace Y-o-Y Growth (%) Projections by Service Type, 2022-2032

Figure 70: East Asia Marketplace Value (US$ Bn) Analysis by Application, 2017-2032

Figure 71: East Asia Marketplace Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 72: East Asia Marketplace Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 73: East Asia Marketplace Attractiveness by Service Type, 2022-2032

Figure 74: East Asia Marketplace Attractiveness by Application, 2022-2032

Figure 75: East Asia Marketplace Attractiveness by Country, 2022-2032

Figure 76: South Asia Marketplace Value (US$ Bn) by Service Type, 2022-2032

Figure 77: South Asia Marketplace Value (US$ Bn) by Application, 2022-2032

Figure 78: South Asia Marketplace Value (US$ Bn) by Country, 2022-2032

Figure 79: South Asia Marketplace Value (US$ Bn) Analysis by Country, 2017-2032

Figure 80: South Asia Marketplace Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 81: South Asia Marketplace Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 82: South Asia Marketplace Value (US$ Bn) Analysis by Service Type, 2017-2032

Figure 83: South Asia Marketplace Value Share (%) and BPS Analysis by Service Type, 2022-2032

Figure 84: South Asia Marketplace Y-o-Y Growth (%) Projections by Service Type, 2022-2032

Figure 85: South Asia Marketplace Value (US$ Bn) Analysis by Application, 2017-2032

Figure 86: South Asia Marketplace Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 87: South Asia Marketplace Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 88: South Asia Marketplace Attractiveness by Service Type, 2022-2032

Figure 89: South Asia Marketplace Attractiveness by Application, 2022-2032

Figure 90: South Asia Marketplace Attractiveness by Country, 2022-2032

Figure 91: Oceania Marketplace Value (US$ Bn) by Service Type, 2022-2032

Figure 92: Oceania Marketplace Value (US$ Bn) by Application, 2022-2032

Figure 93: Oceania Marketplace Value (US$ Bn) by Country, 2022-2032

Figure 94: Oceania Marketplace Value (US$ Bn) Analysis by Country, 2017-2032

Figure 95: Oceania Marketplace Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 96: Oceania Marketplace Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 97: Oceania Marketplace Value (US$ Bn) Analysis by Service Type, 2017-2032

Figure 98: Oceania Marketplace Value Share (%) and BPS Analysis by Service Type, 2022-2032

Figure 99: Oceania Marketplace Y-o-Y Growth (%) Projections by Service Type, 2022-2032

Figure 100: Oceania Marketplace Value (US$ Bn) Analysis by Application, 2017-2032

Figure 101: Oceania Marketplace Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 102: Oceania Marketplace Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 103: Oceania Marketplace Attractiveness by Service Type, 2022-2032

Figure 104: Oceania Marketplace Attractiveness by Application, 2022-2032

Figure 105: Oceania Marketplace Attractiveness by Country, 2022-2032

Figure 106: MEA Marketplace Value (US$ Bn) by Service Type, 2022-2032

Figure 107: MEA Marketplace Value (US$ Bn) by Application, 2022-2032

Figure 108: MEA Marketplace Value (US$ Bn) by Country, 2022-2032

Figure 109: MEA Marketplace Value (US$ Bn) Analysis by Country, 2017-2032

Figure 110: MEA Marketplace Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 111: MEA Marketplace Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 112: MEA Marketplace Value (US$ Bn) Analysis by Service Type, 2017-2032

Figure 113: MEA Marketplace Value Share (%) and BPS Analysis by Service Type, 2022-2032

Figure 114: MEA Marketplace Y-o-Y Growth (%) Projections by Service Type, 2022-2032

Figure 115: MEA Marketplace Value (US$ Bn) Analysis by Application, 2017-2032

Figure 116: MEA Marketplace Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 117: MEA Marketplace Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 118: MEA Marketplace Attractiveness by Service Type, 2022-2032

Figure 119: MEA Marketplace Attractiveness by Application, 2022-2032

Figure 120: MEA Marketplace Attractiveness by Country, 2022-2032

Frequently Asked Questions

What is the CAGR of the Online Catering Marketplace?

Online catering marketplace is projected to have a CAGR of 4.6% through 2032.

Which is the Leading Region in the Online Catering Marketplace?

United States is anticipated to lead the online catering marketplace by 2032.

Which Segment Leads in the Online Catering Marketplace by Application?

By application, the corporate segment is anticipated to dominate the online catering marketplace.

What is the Growth Estimated for the Online Catering Marketplace by 2032?

The online catering marketplace is predicted to grow USD 119.9 Billion by 2032.

Which Segment Leads in the Online Catering Marketplace by Service Type?

Wedding catering segment is anticipated to lead the online catering marketplace.

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