Online Food Delivery Market is predicted to reach USD 560.75 billion at a CAGR of 10.80% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Online Food Delivery Market”.

The Online Food Delivery market is estimated to register a CAGR of 10.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Online Food Delivery market— Delivery Hero SE, DoorDash, Domino's Pizza Inc., Ele.me, Grubhub, MacDonald's, Deliveroo, Papa John's International, Inc., Pizza Hut, Just Eat Takeaway.com, Uber Technologies Inc., Zomato Ltd.

Market Highlights

The global online food delivery market is accounted to register a CAGR of 10.80% during the forecast period. It is estimated to reach USD 560.75 billion by 2032.

The rising internet penetration, the use of smartphones, increasing technological advancement, and the development of cloud kitchens are the key drivers for the growth of the online food delivery market. The major restrain of the market's growth is the large volume of delivery at the time. Additionally, the rising demand for time –and convenience-saving is anticipated to promote the growth of the global Online Food Delivery market. he proper handling of food and the right order at the right time are the major challenges for the market.

Access full report @ https://www.marketresearchfuture.com/reports/online-food-delivery-market-11662

Segment Analysis

The global online food delivery market has been segmented based on type.

On the basis of type, the market is segmented into platform-to-consumer and restaurants-to-consumer. The platform-to-consumer segment was attributed to holding the largest market share in 2022 due to the rising Internet Company that serves as a middleman between clients and various restaurants.

Regional Analysis

The global Online Food Delivery market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Online Food Delivery market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Online Food Delivery market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Online Food Delivery market comprises of Middle East, Africa, and Latin America.

The largest market share for Online Food Delivery was maintained by the North American regional sector. This increase is attributed to an increasing penetration of the internet in the area. Additional factors promoting market growth include increased investor investments, government support, and the viability of the technology in the area. The implementation of stringent rules, the growing trend of the online food market, and the considerable presence of significant technology providers and major production companies all have an impact on the U.S. market.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Online Food Delivery is driven by rising tech enabling driver networks, user-friendliness, and changing consumer expectations.

Additionally, due to the increasing emphasis on changing lifestyles and food preferences of consumers with rising urbanization, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The Asia Pacific market will benefit from a growing emphasis on environmentally friendly resources.

Furthermore, the rest of the world's Online Food Delivery market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising demand for online food deliveries. Government support, a rise in investor interest, and the viability of technology in the sector are all contributing factors to the expansion of the market.

Key Findings of the Study

• The global Online Food Delivery market is expected to reach USD 560.75 billion by 2032, at a CAGR of 10.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis placed on consumers' changing lifestyles and food preferences.


• Based on type, the platform-to-consumer segment was attributed to holding the largest market in 2022.


• Delivery Hero SE, DoorDash, Domino's Pizza Inc., Ele.me, MacDonald's Deliveroo, Papa John's International Inc., Pizza Hut, Just Eat Takeaway.com, Uber Technolgoies Inc., Waiter.com, Inc., Zomato Ltd.