Market Size of North America Food Platform-to-Consumer Delivery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 35.19 Billion |
Market Size (2029) | USD 51.05 Billion |
CAGR (2024 - 2029) | 7.72 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Food Platform-to-Consumer Delivery Market Analysis
The North America Food Platform-to-Consumer Delivery Market size is estimated at USD 35.19 billion in 2024, and is expected to reach USD 51.05 billion by 2029, growing at a CAGR of 7.72% during the forecast period (2024-2029).
The North American Food Platform-to-Consumer Delivery market is expected to grow at a higher rate, mainly due to strong user penetration rates in the United States. North America is one of the largest markets for international online food delivery; it currently represents the world's biggest online food delivery market. Several factors are now driving North America's online food platform-to-consumer delivery market. Significant urban population, busy lifestyles, and increasing penetration of the internet and smartphones are some of the key drivers that have driven the growth of online food delivery in the region.
- Moreover, the United States' large youthful population, which comprises most of the customer base, has further facilitated this growth. Various online food delivery service providers are experimenting with innovative food delivery methods via self-driving cars, drones, and robots, thereby positively influencing the market growth. Individuals' high living standards continue to spur the demand for online food delivery packaging services in the region.
- Online food-delivery platforms are expanding choice and convenience, allowing customers to order from a wide array of restaurants with a single tap of their mobile phone.
- During the COVID-19 pandemic, consumers increasingly use online services as their disposable income increases, electronic payments become more trustworthy, and the range of suppliers and the size of their delivery networks expand alongside the expansion of internet service.
- Although there are many impacts, which are not in favor of online food delivery services, in this worldwide pandemic, all around the world, the rise of online Food Delivery has changed the way that many consumers and food suppliers interact. This change's sustainability impacts (defined by the three pillars of economic, social, and environmental) have yet to be comprehensively assessed.
North America 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.
The North America food platform-to-consumer delivery market is segmented by country (United States, Canada). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Country | |
United States | |
Canada |
North America Food Platform-to-Consumer Delivery Market Size Summary
The North America Food Platform-to-Consumer Delivery Market is poised for significant growth, driven by the increasing adoption of online food delivery services across the region. This market is characterized by a robust user base, particularly in the United States, where urbanization, busy lifestyles, and the widespread use of smartphones and the internet have created a conducive environment for the expansion of food delivery platforms. The market's growth is further bolstered by the youthful demographic in the U.S., which is more inclined towards using these services. Innovative delivery methods, such as drones and self-driving cars, are being explored by various service providers, enhancing the convenience and efficiency of food delivery. The COVID-19 pandemic has also played a pivotal role in accelerating the adoption of these services, as consumers turned to online platforms for their food needs during lockdowns and social distancing measures.
The competitive landscape of the North American food delivery market is marked by the presence of several key players, including DoorDash, Uber Eats, and GrubHub, who are actively engaging in strategies like acquisitions and global expansions to strengthen their market positions. These companies are leveraging technological advancements, such as AI and IoT, to offer personalized experiences and improve service delivery. The market is also witnessing a rise in cloud kitchens and ready-to-eat food options, catering to the growing demand from the working population. Despite the easing of pandemic restrictions, the habit of using food delivery apps has persisted, indicating a lasting change in consumer behavior. The market's growth trajectory is supported by the increasing consumer expenditure on food delivery services, attractive discounts, and the convenience of ordering from a wide range of restaurants with just a few taps on a mobile device.
North America Food Platform-to-Consumer Delivery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Increasing Mobile Penetration in North America
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1.3 Surge in Internet Penetration
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1.4 Market Challenges
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1.5 Data Security and Risk Associated with Online Transaction
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1.6 Market Opportunities
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1.7 Key Regulations and Standards in the Food Platform-to-Consumer Delivery Industry
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1.8 Analysis of the impact of market growth on the Foodservice Market
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1.9 Commentary on the paradigm shift to online ordering from phone ordering
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2. MARKET SEGMENTATION
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2.1 By Country
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2.1.1 United States
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2.1.2 Canada
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North America Food Platform-to-Consumer Delivery Market Size FAQs
How big is the North America Food Platform-to-Consumer Delivery Market?
The North America Food Platform-to-Consumer Delivery Market size is expected to reach USD 35.19 billion in 2024 and grow at a CAGR of 7.72% to reach USD 51.05 billion by 2029.
What is the current North America Food Platform-to-Consumer Delivery Market size?
In 2024, the North America Food Platform-to-Consumer Delivery Market size is expected to reach USD 35.19 billion.