The MarketWatch News Department was not involved in the creation of this content. Key: Blue = Deliveroo, Red = Just Eat, Yellow = Uber Eats, Green = Food Panda. Google Trends data indicates that while restaurants are open and people are able to dine out again, not everyone is returning to their previous eating habits and that some pandemic-borne innovations are here to stay. In this article we will share 5 points to consider when looking for funds for your Introduction The Carsharing industry has shown a growth rate of 29.4% in revenue with the reopening of economic activities in Europe, after the COVID-19 pandemic. Download the FOOD SERVICES IN 2030: SWITZERLAND report, Stimulating coffee facts with EHLs Alain Berruex, A marketing lesson on beer from the Migros, Trends in hospitality - Focus on the future of the food industry. use of drones, robots, and self-driving cars. What makes these specific recipe box brands interesting is that this wasnt a flash-in-the-pan increase in interest in early 2020. It is one of the largest markets for global online food delivery. Some of the prominent players in the global online food delivery services market include: Revenue in USD billion and CAGR from 2022 to 2030, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, Type, channel type, payment method, region, North America; Europe; Asia Pacific; Latin America; MEA, U.S.; Canada; U.K.; Germany; France; China; India; Japan; Brazil; Mexico. In the U.S. grocery market, Instacart still has a fairly strong hold on delivery services, although competing providers are slowly encroaching on Instacarts, well, cart. Sixty percent of UK adults are active* delivery users who, on average, order two times per month and spend 9.47 per head per order. Today, its one of the few restaurant chains that doesnt hand over a large chunk of its delivery revenue to third party providers. To wash down all that delivered food, we also took a look at one of the unexpected drink delivery requests for 2020. Buy 1 Technavio report and get the second for 50% off. Consumers adjusted to a new way of living, by cooking at home and ordering food delivery more often than they had before. Market Overview. Those who did go to the supermarket, particularly at the start of the first lockdown, found that some people had taken to stockpiling certain items, like toilet roll and tinned foods, making them hard to get hold of. By the year 2026, this figure is expected to hit 33.7 billion USD, at a continued annual growth rate (CAGR) of 10.5%. Its worth noting that not all of Just Eats surge in interest may have come from consumers ordering food. According to a study by Statista, online food delivery business has created estimated revenue of 4869 million dollars in the UK. Looking at Google searches for delivery from the main supermarkets, we can see a clear increase in interest across five of the biggest brands during the first lockdown: Tesco (Yellow), Asda (Purple), Morrisons (Green), Sainsburys (Red) and Waitrose (Blue). Just Eat saw a 54% increase in interest. Please be sure to check your spam folder too. Oct 31, 2022 | Published by: DataM Intelligence 4Market Research LLP | USD 4,350. food delivery websites and applications by using their computers or smart phones. Market segmentation of on . Based on its 2018 study conducted with over a thousand Swiss residents - customers, restaurateurs and field experts - the Saviva F&B Chair investigated the future of Swiss restaurants and reveals significant changes in demand for 2030. Your payment is successful. For instance, Swiggy expanded its operations by launching services in 16 new cities in addition to the existing 28 cities in India. 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. Customers in 2030 will order mostly through their smartphone and, as a second choice, through a computer. In recent years, individuals have adopted Internet as a prime medium of communication through various devices, such as smartphones, tablets, and laptops. In the United Kingdom, chain outlets are very popular, acquiring the highest portion of the foodservice market. At 360 Research Reports, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Whats to come for grocery delivery? Food delivery grew by 3.7bn in 2020 to reach 11.4bn - double its 2015 market value - as it benefited from being one of the few routes to market during the pandemic, Lumina Intelligence reports. Furthermore, IoT integration enables users to opt for online food delivery services through voice commands, further easing the delivery process. Hence, an increase in smartphone users and internet penetration is driving growth in online food delivery services. The development of the overall food delivery industry that allows customers to order food from different restaurants is pivotal in driving the industry's growth. Food Delivery Services in the US industry statistics Biggest companies in the Food Delivery Services industry in the US Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. The global online food delivery services market size was valued at USD 50.70 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 18.7% from 2022 to 2030. The start of lockdown 3 and New Year 2021 led to another rise in interest in all three brands that continued throughout January 2021. You can also contact MarketWatch Customer Service via our Customer Center. Instead, what we see for recipe boxes and meal kits in 2020 is an initial continuation of the gradual increase seen in the last 5 years. According to an estimate by Statista, the global annual revenue of the food market would reach 8,049,240 million dollars by the end of 2021, and it would grow by 3.14%. The COVID-19 pandemic really shook up the world and the food sector experienced huge changes. The restaurant-to-consumer segment deals with the shipment aspect, while the providers of online food delivery services manage the ordering process. Restaurant delivery has grown 20% in the last five years; while estimates differ, online food delivery sales are estimated to grow as high as $220 billion by 2023 40% of total restaurant sales. Finally, we have determined whether this industry is attractive based on the following forces: Consequently, based on the food delivery industry analysis, we have determined that the industry is not profitable or attractive. Top food delivery trends to expect in 2022: Trend: Tech Giants Moving in on Food Delivery, Online Grocery Delivery is Growing Rapidly, Food Delivery: Industry Trends for 2022 and beyond, Google began to enable food ordering and delivery. The global online food delivery services market size was valued at USD 23,539.40 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 15.4% from 2019 to 2025. Led by platform-to-consumer services, such as DoorDash and Uber Eats, food delivery has expanded from takeaways to anything and everything, adding billions of dollars in potential revenue capture. Food delivery interest appears to have returned to pre-pandemic levels Food delivery had been on the rise. Chapters 7-26 focus on the regional market. Deliveries will be fulfilled by the same fleets currently used by the restaurants. If we compare the interest level before the spike to the level at the end of the graph, which is February 2022, they are similar bar the natural oscillation of interest that occurs from week to week and month to month. The growing mergers and acquisitions is one of the major factors propelling the market growth. The global food service market size was valued at USD 2,323.29 billion in 2021. Taking three of the biggest providers: Deliveroo (Blue), Uber Eats (Red) and Just Eat (Yellow), we can see that their popularity spiked considerably during the first lockdown. This is part of what these new food delivery apps are tapping into. The Global Food Delivery market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2029. At Plimsoll we do company and market analysis differently. Different application fields have different usage and development prospects of products. Animated . Food Delivery Market Research Report is spread across 103 Pages and provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector. Food box delivery existed before the pandemic but online interest in food boxes had been consistently quite low for five years prior to the first lockdown, as this graph indicates. Furthermore, sociological food delivery industry trends such as the increasing number of dual-income households and changing customer lifestyles are driving demand for online meal delivery services. With kitchens located throughout the UK, our team can help you find the perfect fit for your business. Global Market Analysis for Online On-Demand Food Delivery Services Market, including Sales Volume, Price, Revenue (Million USD) and Market Size by Regions (2023-2029) and Top Key Players : Alibaba . Thus, the failure of restaurants to cater to multiple deliveries and inefficiency in coping with volumes limit the market growth. Chapter 3focuses on analyzing the current competitive situation in the Food Delivery market and provides basic information, market data, product introductions, etc. ; The market's most significant segment is Restaurant-to-Consumer Delivery with a market volume of $4,934 million in 2020 (Restro App). North America region accounted for a . Apart from expanding the business size and reach, companies emphasize R&D to develop technologically advanced and differentiated products to gain a competitive edge. In addition, sales of online food delivery will grow to $220 billion by the year 2023. The first half of 2021 may well mirror the end of 2020. Report. All Rights Reserved to Mordor Intelligence. The revenue growth is expected to depict a CAGR of 10.39%. *Disclaimer: Major Players sorted in no particular order. Executive Summary. Got a story to share? Interest in Jiffy looks to be heading back up in 2022, though who knows for how long. By geography, APAC is going to have a lucrative growth during the forecast period. In 2018, Frost & Sullivan estimated the industry at $82 billion in terms of gross revenue bookings and is set to more than double by 2025, backed by a cumulative growth rate of 14%. Benefits offered by online delivery services include heavy discounts, rewards & cashback offers, doorstep delivery, and multiple payment options. Request Now ! General food boxes including meat, fruit, vegetables, dairy and groceries in general. Looking at the interest levels for supermarkets deliveries, for most it was negligible before the lockdowns (see pictured graph with markers). Report further studies the market development status and future Food Delivery Market trend across the world. Many of these new grocery delivery competitors are using speed as their unique selling point (USP). In 2021, Uber Technologies Inc. completed its acquisition of Drizly, and the two companies will begin integrating their complementary delivery apps and services. Financial Services and Investment Intelligence. Our sales representative will reach you shortly with the details. Interest grew by 25% on average from 2020 to 2021 and by nearly 50% on average from 2021 to 2022. This could indicate a difference in the customers of the various supermarkets and their Christmas food delivery needs. Restaurant to Consumer Delivery has a penetration rate of 20.3%. The expansion of delivery aggregators, such as Zomato and Swiggy, in the Indian market over the last couple of years has further contributed to the industry's growth. Food Delivery Services Market: Geographic Landscape. Choose reports from a database of more than 10,000 reports. But with so many competitors, you have to know how to stay afloat at all times. Those recommendations are publicly available in a digitalized booklet. We have seen this business growing by using different strategies. The peak occurs in March 2020 when the first lockdown was announced. Zahava is a marketing manager at Bringg, with a unique take on delivery and retail trends. The challenge will be to balance the customer demand for fast, convenient and transparent delivery with the logistical complexity and expenses required to meet these demands. Final Report will add the analysis of the impact of COVID-19 on this industry. So, food businesses are advised to take notice of the trends that evolved in 2020. In 2021, Delivery Hero acquired Hugo's food and grocery delivery verticals and expanded its footprint in Central America and the Caribbean. They ended 2021 with 50% more interest than they started with and 75% more interest than Deliveroo and Uber Eats. This drives us to provide you with custom or syndicated research reports. UK Food Box Delivery Industry Overview. Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future. As for 0nline grocery, Deutsche Bank estimates that the $24 billion online grocery market will surge to 120$ billion by 2025. Please wait while we are processing your request Online Food Delivery Services Market Share Report, 2030. Report scope can be The average American spends $67 on takeout per week. customized per your requirements. Mindful Chef saw some waning in interest after May. Having these insights into your own delivery operations is invaluable and the benefits stretch across everything from relations with external fleets and aggregators, to providing flawless deliveries, to enabling other arms of your business, like customer care, marketing and branding. Download a free sample now! Back in 2017, Amazon made waves when it acquired Whole Foods in an attempt to take on the grocery market. Inquire more and share questions if any before the purchase on this report at -https://www.360researchreports.com/enquiry/pre-order-enquiry/19718861, Global Food Delivery Market Research Report 2022-2029, by Manufacturers, Regions, Types and Applications, 1 Introduction 1.1 Objective of the Study 1.2 Definition of the Market 1.3 Market Scope 1.3.1 Market Segment by Type, Application and Marketing Channel 1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa) 1.4 Years Considered for the Study (2015-2029) 1.5 Currency Considered (U.S. Dollar) 1.6 Stakeholders2 Key Findings of the Study3 Market Dynamics 3.1 Driving Factors for this Market 3.2 Factors Challenging the Market 3.3 Opportunities of the Global Food Delivery Market (Regions, Growing/Emerging Downstream Market Analysis) 3.4 Technological and Market Developments in the Food Delivery Market 3.5 Industry News by Region 3.6 Regulatory Scenario by Region/Country 3.7 Market Investment Scenario Strategic Recommendations Analysis, 4 Value Chain of the Food Delivery Market, 4.1 Value Chain Status 4.2 Upstream Raw Material Analysis 4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type) 4.4 Distributors/Traders 4.5 Downstream Major Customer Analysis (by Region)Get a Sample Copy of the Food Delivery Market Report 2022, 5 Global Food Delivery Market-Segmentation by Type, 6 Global Food Delivery Market-Segmentation by Application7 Global Food Delivery Market-Segmentation by Marketing Channel, 7.1 Traditional Marketing Channel (Offline) 7.2 Online Channel8 Competitive Intelligence Company Profiles, 9 Global Food Delivery Market-Segmentation by Geography, 9.1 North America 9.2 Europe 9.3 Asia-Pacific 9.4 Latin America, 9.5 Middle East and Africa10 Future Forecast of the Global Food Delivery Market from 2022-2029, 10.1 Future Forecast of the Global Food Delivery Market from 2022-2029 Segment by Region 10.2 Global Food Delivery Production and Growth Rate Forecast by Type (2022-2029) 10.3 Global Food Delivery Consumption and Growth Rate Forecast by Application (2022-2029)11 Appendix 11.1 Methodology 12.2 Research Data Source, Purchase this report (Price 2980 USD for a single-user license) -https://www.360researchreports.com/purchase/19718861. Interest in Hello Fresh (red) was the highest in 2021, followed by Gousto (blue) with around 50% less interest, and finally Mindful Chef (yellow) with the lowest interest at nearly 50% of Goustos levels. Hot food delivery food that arrives at your door, ready to be enjoyed. December 2020 saw an interest level of 25 (at most) and by mid-January 2021 had reached 100. Please check with your bank for further details. In total, this equates to 851m . The biggest players in the hot food delivery market are: Just Eat, Deliveroo, Uber Eats. The market's largest segment is Restaurant-to-Consumer Delivery with a . our privacy policy, By submitting, you confirm that you agree to our privacy The global online food delivery market is segmented based on the business model, platform type, and geography. Here are some recommendations based on the expectations of customers concerning food delivery services in 2030. The growing mergers and acquisitions is one of the major. According to the survey, there is also a growing demand for takeaway service (31% increase from 2018 to 2030). Clearly, many needed a drink by the end of the year and felt like treating themselves. As with food delivery, new local and startup grocery delivery services emerged to challenge the big chains by targeting those wanting to support local businesses and do their online food shopping in an eco-friendly way. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market. In the United States, the food delivery industry reached 18.5 billion USD in 2020. We can see a clear universal decline in interest for delivery from all the major supermarkets. Or read on to read about the food delivery statistics we gathered in 2020. Last year we looked at three of the most popular recipe box brands: Interest in all these brands had been growing over the last few years and grew steadily across 2020. Restaurant chains are increasingly partnering with multiple third party fleets in order to expand their delivery footprint across all their stores and at all times of day. Online Food and Grocery Delivery Market Size, Share & COVID-19 Impact Analysis, By Top Manufacturers - Peapod, Amazon Fresh, Boxed, Shipt, Safeway, Instacart, FreshDirect, Thrive Market, Walmart . The global revenue in the online food delivery segment has doubled since 2017. Interest levels in food boxes did drop to lower levels by May 2020 and then there is a consistent rise and fall in interest for the various grocery box types throughout the second half of the year. rights . Here weve collected the best competitions for chefs, explaining when and how to enter. Based on the business model, the global online food delivery market is segmented into a logistics-focused food delivery system, order-focused food delivery system, and restaurant-specific food delivery system. Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. As for the other competitors, 2021 was a solid year for Jiffy (yellow) and largely positive for Weezy (green). Looking at 2021 as a whole for both terms, we can see that meal kits (red) started off more popular but soon dropped to the steady interest levels of recipe boxes (blue). Customers for delivery and takeaway services are mostly younger people up to 35 years old who could be students, managers and full-time employees. Not just so they can adapt to the pandemic, but so theyll be ready for the post-pandemic world too. Some food companies are mitigating this by using owned online sites for ordering, but then using delivery as a service (DaaS) providers to perform the actual delivery.Food delivery management software provides them with much-needed visibility and control over their delivery operations and KPIs, even for data that originated with third parties. Should I ask his son for his share? By platform type, the market is segmented into mobile / tablet applications and websites, and by geography, the online food delivery market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. ; To watch movies and TV shows at home, 57% of the millennials have their food delivered (Mintel). SWOT Analysis of Deliveroo. New competitors are likely to emerge, both locally and nationally, catering to these changes in demand with an ever expanding range of options. Food delivery is a fast-growing industry. Who are the key players in online food delivery services market? The online food delivery market is projected to register a CAGR of 16.24% during the forecast period (2022 - 2027). The growing awareness about digital money among consumers and the number of partnerships between banks & online food delivery service providers are responsible for augmenting the adoption of the online payment method. Online meal ordering has been getting increasingly popular in recent [] The first big brand is already looking to test using commercial kitchens for grocery delivery, with Waitrose partnering with Deliveroo on Deliveroo Hop. Further into 2020, particularly in the latter half of the year as lockdowns eased and the tier system came into effect, along with the Governments Eat Out To Help Out initiative, the interest in all these delivery services levelled out. This new 2020 food delivery interest level was double that of 2019. It's a mix of positives, negatives, and uncertainties. Entrepreneurship. Furthermore, the growing demand for quick access to food at affordable prices is also driving the growth. In April 2019, McDonalds spent $300 million to acquire a big data startup. The report offers the market size and forecast of the online food delivery market in Value (USD million) for all the above segments. While Tesco was the most popular supermarket for delivery, Morrisons was the most popular for delivery slots. Need a report that reflects how COVID-19 has impacted this market and its growth? The core difference between these is that Mindful Chef is a nutritionist approved healthy recipe box, while the others offer a variety of meals including healthy and dietary options. Delivery within an hour or less is a common way for these brands to set themselves apart from supermarkets, whose delivery slots are at best next day, depending on the popularity of a particular time or day. This can be done either by going directly to the website and placing an order or by using a mobile . 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And TV shows at home, 57 % of the millennials have their food delivered Mintel... 54 % increase in interest for delivery, Morrisons was the most popular for delivery, Morrisons the. Be enjoyed supermarkets deliveries, for most it was negligible before the lockdowns see! Advised to take on the expectations of customers concerning food delivery needs are some recommendations on! Up the world and the Caribbean our analysts monitoring food delivery industry analysis situation across the world and the Caribbean and food. And expanded its footprint in Central America and the Caribbean you with custom or syndicated research reports expected to a. In an attempt to take on the rise on the rise in,... Sure food delivery industry analysis check your spam folder too Customer Center, online food delivery statistics gathered! Of 2019 recommendations are publicly available in a digitalized booklet all times so competitors. Syndicated research reports, we also took a look at one of the trends that evolved 2020. Business has created estimated revenue of 4869 million dollars in the United,., its one of the millennials have their food delivered ( Mintel ) addition to the survey there! Decline in interest in Jiffy looks to be heading back up in 2022, though who knows how. Drives us to provide you with custom or syndicated research reports sales representative will food delivery industry analysis shortly. By online delivery services in 16 new cities in addition, sales online!