TOP CATEGORY: Chemicals & Materials | Life Sciences | Banking & Finance | ICT Media
Click for best price
The global Food Delivery market size is estimated to be $186 billion in 2023, it will reach $414.1 billion by 2032, growing at a CAGR of 9.3% during the forecast period from 2024 to 2032.
Food delivery services have become an integral part of modern urban life, significantly transforming how people access and consume food. Food delivery is a service that enables customers to order food from restaurants or food providers and have it delivered to their doorstep.
Order Frequency: On average, a regular user places an order for food delivery 3-4 times per month. Younger consumers, particularly those aged 18-34, tend to order more frequently, with some reporting up to 6-8 orders per month.
Popular Cuisine Types: The most commonly ordered cuisines include fast food (burgers, pizza), Chinese, and Italian. However, there is a growing trend towards healthier options, including salads and vegan meals.
Peak Ordering Times: The majority of orders are placed during the weekends, with Friday and Saturday evenings being the peak times. Additionally, there is a noticeable increase in orders during major sporting events and holidays.
Age Distribution: The largest demographic group using food delivery services consists of individuals aged 25-34, accounting for 30% of the user base. The 18-24 age group follows closely, making up 25%, while those aged 35-44 constitute around 20%.
Income Levels: Users of food delivery services tend to have higher disposable incomes. About 40% of regular users have annual household incomes exceeding $75,000.
Mobile Dominance: More than 70% of food delivery orders are placed through mobile apps. The convenience of app-based ordering, coupled with features such as real-time tracking and personalized recommendations, drives this trend.
Customer Satisfaction: Customer satisfaction levels for food delivery services are generally high, with an average rating of 4.5 out of 5. Key factors influencing satisfaction include delivery speed, food quality, and customer service.
Pandemic Surge: The COVID-19 pandemic significantly boosted the demand for food delivery services, with a reported increase in usage by 45% in 2020. This surge was driven by lockdowns and social distancing measures, which limited access to traditional dining options.
Post-Pandemic Trends: Despite the easing of restrictions, the heightened usage of food delivery services has persisted. Many consumers who adopted these services during the pandemic continue to use them regularly, contributing to sustained growth.
Sustainability Concerns: There is increasing awareness and concern about the environmental impact of food delivery, particularly regarding packaging waste. In response, many companies are exploring sustainable packaging options and carbon-neutral delivery methods.
Gig Economy Dynamics: The majority of food delivery drivers are part of the gig economy. This workforce is characterized by flexibility but also faces challenges such as job insecurity and variable earnings. Efforts to improve working conditions and provide better benefits are ongoing.
The food delivery industry is a dynamic and rapidly evolving sector, driven by technological advancements, changing consumer behaviors, and the ongoing impact of global events like the COVID-19 pandemic.
This report studies the Food Delivery market, covering market size for segment by type (Restaurant to Consumer, Platform to Consumer, etc.), by application (FSR (Full Service Restaurant), QSR (Quick Service Restaurant), etc.), by sales channel (Direct Channel, Distribution Channel), by player (Delivery Hero, Deliveroo, Just Eat Takeaway, Grubhub, Uber Eats, etc.) and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
This report provides detailed historical analysis of global market for Food Delivery from 2018-2023, and provides extensive market forecasts from 2024-2032 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Food Delivery market.
Leading Players of Food Delivery including:
| Report Attributes | Report Details |
|---|---|
| Report Title | Food Delivery Market 2024-2030 by Player, Region, Type, Application and Sales Channel |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 122 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
Frequently Asked Questions ?
