Market Overview:
The Online Food Ordering Market is expected to grow at a significant growth rate over the analysis period 2022-2028, considering the base year as 2021.
Online Food Ordering refers to the process of ordering food through websites or mobile applications, offering a wide range of food and beverage options based on consumer preferences. It enables users to order ready-to-eat meals from restaurants, home kitchens, or independent individuals, as well as non-perishable food items like frozen products, vegetables, fruits, and snacks. Pizza Hut pioneered online food delivery in 1994 by delivering pizzas. The increasing penetration of mobile phones globally has significantly contributed to the growth of the online food ordering market, as more smartphone and internet users are seeking the convenience of ordering food online. For instance, the Indian online food delivery market was valued at approximately $2.9 billion in 2020, highlighting the growing demand for online food delivery platforms.
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The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
Market Dynamics and Factors:
The online food delivery market is witnessing the expansion of various platforms such as Zomato, Swiggy, Uber Eats, and others. In India, Zomato and Swiggy dominate the market with around 70% market share each. In the United Kingdom, Uber Eats emerged as the most popular food delivery app in 2021 with nearly six million downloads. These platforms offer additional services like cashback, vouchers, and fast delivery while leveraging smart AI and technology for enhanced customer convenience. The expansion of these online food delivery providers is projected to drive significant market growth.
The growing popularity of online food ordering has led to the adoption of ghost kitchens or cloud kitchens by food providers. These kitchens serve as dedicated spaces for delivery-only operations, allowing restaurants to meet the increasing demand for online food delivery. Ghost kitchens are purpose-built with separate areas for storage, cooking, and refrigeration, providing cost-effective kitchen space to cater to the rising volume of online orders. By establishing ghost kitchens, restaurants can expand their reach, serve a larger customer base, and even create online-only brand restaurants to generate revenue through online orders.
The Online Food Ordering Market Report Highlight:
- By Type, the platform-to-consumer delivery segment is anticipated to lead the growth of the Online Food Ordering market in the forecasted timeframe. The growing adoption and increasing popularity of different food delivery platform apps such as Zomato, UberEats, Deliveroo, and Grubhub across the globe are contributing to the market growth of online food ordering. Most of people are using these platforms for quick and quality services.
- By Payment Mode, The Online Banking segment is expected to dominate the Online Food Ordering Market. This is mostly used payment mode in recent years due to the penetration of mobile phones and the internet. Also, this is a downloadable, easy-to-use, and quick mode of payment transactions.
- The Asia-Pacific is predicted to grow significantly in Online Food Ordering Market. Increasing need for quick and easy services due to workloads and hectic lifestyles, people are so busy and get less time for cooking and cleaning so they are most likely to order food from different restaurants by using online food.
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Top Key Players Covered In The Online Food Ordering Market:
- McDonalds (US)
- KFC (US)
- GrubHub (US)
- Swiggy (US)
- MEITUAN (China)
- Uber Eats (California)
- DoorDash (US)
- Caviar (California)
- Alibaba Group (China) And Other Major Players.
Key Industry Development:
In Feb 2023, McDonald’s India North & East Launches Chicken McWings. The brand plans to capture the taste buds of chicken fans with its distinctive quality and taste, inspired by the North and East India taste palates.
In March 2023, Uber Technologies, Inc. announced a new partnership with Tampa International Airport, bringing mobile ordering to the airport’s more than 21 million visitors and workers each year.
Online Food Ordering Market Segmentation:
By Type
- Platform to Consumer Delivery
- Restaurant to Consumer Delivery
By Payment Mode
- Online Banking
- Net Banking
- Cash on delivery
For this report, Introspective Market Research has segmented the Online Food Ordering Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2030)
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Scope of the Report:
The latest research on the Online Food Ordering market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Online Food Ordering industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Online Food Ordering market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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