Global Online Food Delivery Market Growth, Industry Trends, COVID-19 Impact Analysis & Forecast 2021-2026 | IMARC Group

(SUPER MARKET RESEARCH via Comtex)

According to the latest report by IMARC Group, titled "Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global online food delivery market reached a strong growth in 2020.

Online food delivery is a service that enables customers to order food online through various food delivery websites and applications using their computers and smartphones. It is increasingly gaining popularity among both the consumers and food distributors alike, owing to various associated benefits, such as convenience, speed and precision in food ordering and its delivery.

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Global Online Food Delivery Market Trends

With rising internet and smartphone penetration, consumers have started ordering food through online apps and websites. This provides them with the convenience to choose from a wide variety of food products at a virtual marketplace with an option to pay online and receive fast delivery of food at the desired location. Moreover, the growing collaborations and partnerships between restaurants and application developers have enhanced the online delivery of food as it simplifies the order placement process and improves the accuracy of online orders. Other factors, such as overall growth in the global economy, rising hospitality industry, developing infrastructure, and rapid urban expansion, are expected to create a positive outlook for the market in the coming years.

Online Food Delivery Market Segmentation

Market Breakup by Platform Type

  • Mobile Applications
  • Websites

Market Breakup by Business Model

  • Order Focused Food Delivery System
  • Logistics Based Food Delivery System
  • Full-Service Food Delivery System

Market Breakup by Payment Method

  • Online
  • Cash on Delivery

Market Breakup by Region

  • China
  • North America
  • Asia (Excluding China)
  • Europe
  • Rest of the World

Competitive Landscape with Key Players:

  • GrubHub Inc (NYSE: GRUB)
  • JUST EAT PLC/ADR (OTCMKTS: JSTTY)
  • Delivery Hero (DHER)
  • Deliveroo
  • com (TKWY)
  • Foodpanda
  • me
  • Meituan Waimai.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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