Market Size of Global Food Platform-to-Consumer Delivery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 11.60 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Food Platform to Consumer Delivery Market Analysis
The global food platform-to-consumer delivery market is expected to register a CAGR of 11.6% during the period of 2022-2027. The primary factors driving the market's growth are high internet and smartphone penetration, and the growing adoption of online food delivery platforms, among others.
- The global food platform-to-consumer delivery market has been gaining significant traction over the past few years owing to an increasing shift in consumer behavior, increasing convenience of ordering food, and rising smartphone and internet penetration.
- Led by platform-to-consumer services by leading market players, such as DoorDash and Uber Eats, the food platform-to-consumer delivery has expanded rapidly. Moreover, the network effects of more delivery riders, alongside route optimization technologies, have enabled faster and cheaper delivery. This has resulted in a shift towards convenient and quickly available food demand worldwide, thus boosting the need for the food platform-to-consumer delivery market.
- Additionally, in a digital world, the platforms offer flexible payment options for the customers to pay using various modes of payment most suitable for them. The integration of different popular payment gateways offers flexibility and cashless transactions to the customers, thus encouraging them to use the food delivery app.
- The trend toward convenience has grown more pronounced during the pandemic. Between March and May 2020, when lockdowns in Europe and the United States were the most severe, the food-delivery market spiked. Significantly, it has maintained that trajectory, continuing to grow throughout 2020 and into 2021. Moreover, lockdowns and physical-distancing requirements early in the pandemic gave the food platform to the consumer delivery market an enormous boost.
Food Platform to Consumer Delivery Industry Segmentation
Food Platform-to-Consumer Delivery market cover revenues of an online business that acts as an intermediary between consumers and multiple food facilities to submit food orders from a consumer to a participating food facility and to arrange for the delivery of the order from the food facility to the consumer. A food platform to consumer delivery model is a business model where the customers can get their favorite food by making an order via their smartphones or computers.
The global Food Platform-to-Consumer Delivery Market is Segmented by Geography.
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Global Food Platform-to-Consumer Delivery Market Size Summary
The global food platform-to-consumer delivery market is experiencing robust growth, driven by the increasing penetration of the internet and smartphones, alongside a significant shift in consumer behavior towards online food ordering. This market expansion is largely attributed to the rapid development of services offered by major players such as DoorDash and Uber Eats, which have leveraged network effects and route optimization technologies to enhance delivery speed and cost-effectiveness. The convenience of flexible payment options and cashless transactions has further encouraged consumer adoption of these platforms. The COVID-19 pandemic acted as a catalyst, significantly boosting the market as lockdowns and social distancing measures heightened the demand for convenient food delivery solutions. This trend has persisted, with the market continuing to grow as consumers increasingly favor the ease and accessibility of online food delivery services.
In the Asia Pacific region, the market is witnessing substantial growth due to the presence of both emerging and established players like Zomato, Meituan Waimai, and Swiggy, which are enhancing consumer experiences with innovative delivery solutions. The region's competitive landscape has led to increased affordability of food delivery services, often making them cheaper than traditional dining options, thereby driving widespread adoption in countries like China, India, and Japan. The expansion of these services into rural and semi-urban areas presents further growth opportunities, attracting investments from global players. The market is moderately consolidated, with major companies such as UberEats, Deliveroo, and Meituan Inc. holding significant shares and engaging in strategic partnerships and acquisitions to strengthen their market presence.
Global Food Platform-to-Consumer Delivery Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Market Sizing (GMV) and Estimates of Global Food Platform-to-Consumer Delivery Market
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1.3 Industry Attractiveness-Porter's Five Force Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Assessment of COVID-19 Impact on the market
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2. MARKET SEGMENTATION
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2.1 By Geography
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2.1.1 North America
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2.1.1.1 United States
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2.1.1.2 Canada
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2.1.2 Europe
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2.1.2.1 United Kingdom
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2.1.2.2 Germany
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2.1.2.3 France
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2.1.2.4 Italy
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2.1.2.5 Netherlands
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2.1.2.6 Rest of Europe (includes Austria, Belgium, Finland, Poland, Norway, Spain)
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2.1.3 Asia Pacific
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2.1.3.1 India
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2.1.3.2 China
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2.1.3.3 Japan
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2.1.3.4 South Korea
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2.1.3.5 Rest of Asia Pacific (includes Pakistan, Thailand, Vietnam, Australia)
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2.1.4 Latin America
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2.1.4.1 Brazil
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2.1.4.2 Mexico
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2.1.5 Middle East and Africa
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2.1.5.1 Saudi Arabia
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2.1.5.2 South Africa
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Global Food Platform-to-Consumer Delivery Market Size FAQs
What is the current Global Food Platform-to-Consumer Delivery Market size?
The Global Food Platform-to-Consumer Delivery Market is projected to register a CAGR of 11.60% during the forecast period (2024-2029)
Who are the key players in Global Food Platform-to-Consumer Delivery Market?
UberEats (Uber Technologies Inc.), Deliveroo, Meituan Inc., DoorDash, Inc. and Grubhub Inc. are the major companies operating in the Global Food Platform-to-Consumer Delivery Market.
