food delivery industry analysis
Food delivery players like Just Eat, Grubhub, UberEats, and Deliveroo have captured huge market share with marketing goodies and bizarre innovations. We value your investment and offer free customization with every report to fulfil your exact research needs. 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. Asia-Pacific is growing at the highest CAGR over 2018 - 2028. 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. 43% of consumers who ordered food for delivery say it replaced a meal at a restaurant, up from 38% in 2016, suggesting incremental cannibalization of dine-in meals. Revenue in the EU-27 car sharing market is projected to reach 2,328 million in 2021, with 11.7 New business models and philosophies are emerging at an increasing rate today. Thus, the failure of restaurants to cater to multiple deliveries and inefficiency in coping with volumes limit the market growth. Most of the leading players are following logistics-focused food delivery systems due to the model's ability to help gain scale with limited costs and increased speed. Food delivery from these top hot food brands doesnt seem to have slowed in 2021. Weve got all the info you need from application dates to stall costs. *Disclaimer: Major Players sorted in no particular order. By the end of 2023, the business would increase up to 8.3% and it would have a market share of 6703 million dollars in the US. All include a delivery fee, with some free delivery offered to new customers or for orders over a set amount. The biggest players in the hot food delivery market are: Just Eat, Deliveroo, Uber Eats. Produce boxes come in an array of combinations, with common items such as: A key selling point is that the produce comes from small and local producers. You could probably guess that food delivery spiked in the UK when the first lockdown began on the 16th March 2020. Zomato will also have to deal with competition like Swiggy, an online restaurant delivery service that started in India back in 2014 and moving towards expansion into countries such as the UK and the UAE. In 2020, the COVID-19 pandemic negatively impacted the overall industry growth due to supply chain disruption and end-users revenue loss. The market revenue for the platform segment of the online food delivery market is UUSD 121.57 Billion in 2020. Gorilla Grocery seemed to languish by comparison, barely registering against its competitors. 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). DUBLIN, April 28, 2022 -- ( BUSINESS WIRE )--The "North America Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added. In the United States, the food delivery industry is driven by high-income earners who dont get time to cook meals at home and hectic work schedules. Interest almost doubled for most of these brands between the end of 2020 and start of 2021. online dashboard trial. 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. Looking at food box delivery (blue), food boxes delivered (red) and food boxes near me (yellow), we can see that, as with general food delivery trends, there was a spike at the start of the first lockdown. Read more Statistics on. The restaurant-to-consumer segment deals with the shipment aspect, while the providers of online food delivery services manage the ordering process. Larger chains can also open dark supermarkets in urban locations to reach customers more quickly, and create convenient fulfillment options like Buy Online, Pickup In Store. Free trial, before you make a purchase decision. The global food delivery services market size is expected to reach USD 311.43 Billion at a steady revenue CAGR of 11.4% in 2028, according to latest analysis by Emergen Research. Now that a great percent of revenue for food businesses is invested in online sales and off-premise fulfillment like delivery, curbside pickup and drive-thru, we expect this trend will only grow as tech giants step in with investments, marketplaces, and new services. This is why it's essential to keep an eye on relevant food industry statistics. Pay attention to instagramable (highly recognizable or unique) food. Different application fields have different usage and development prospects of products. Restaurant to Consumer Delivery has a penetration rate of 20.3%. Interest levels in 2022 are the highest yet. Cocktail delivery spiked in interest around April 2020 and then started rising again from around September 2020 to the end of the year. To withstand the competition and keep up with ever-changing customer demands, food delivery owners should mind the latest trends and technological advancements. The market in North America is expected to grow considerably during the forecast period. Consumers will have become used to food delivery, and to enjoying the many options available. By the year 2026, this figure is expected to hit 33.7 billion USD, at a continued annual growth rate (CAGR) of 10.5%. This industry report has been produced by MADI students from the 2020/2021 academic year for the subject of International Business Management. For instance, in June 2020, Swiggy, an Indian food delivery company, in collaboration with ICICI, launched its digital wallet, Swiggy Money, to allow a single-click checkout experience on its platform. The growth of the e-commerce sector in developing countries, such as India and Japan, is further contributing to the adoption of food delivery applications in the region. Today many busy professionals rely on food delivery services to save time and money, with the average Malaysian spending $151 per month on them. And are customers becoming more selective about who they order from and how? Stand-alone establishments are the most common and are well-liked by consumers. Consequently, people turned to supermarket deliveries to try and get a future order in and so avoid missing out. Food Delivery Demographics 14. One of these is the term "social entrepreneur," which refers to someone who not only pursues personal benefit but also seeks to make positive changes in their surroundings through we have determined whether this industry is attractive based on the following forces: Related publications that may interest you and reports by industry: The olive oil industry: industry analysis, Selling pastry in Morocco: industry analysis, Internationalization process of Mojos Canarios Guachinerfe, Mckinsey Report Industries Retail Restaurants European, 5 Key Takeaways from financing of tech startup in Spain. Explore purchase options. 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. 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. It will be interesting to see which grocers emerge as strong players in the delivery market this year. Depending on the client's demand, a huge amount of business and market-related information has been brought together via this report that eventually helps businesses create better strategies. Market Size & Forecast to 2025. 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. EHL GroupRoute de Cojonnex 18 1000 Lausanne 25 Switzerland. Partner restaurants will have orders integrated into the search and map functions, enabling people to order directly from the search results page. 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. 81 Important Food Industry Statistics: 2023 Data Analysis and Market Share The food industry is continuously growing. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. This didnt occur at the start of the lockdowns it turns out groceries were more important then rather there was a significant spike in interest in May and June of 2020. Food mobility is around the corner and in order to rightly adapt to it, restaurateurs should get to know their customers. Local area specific searches saw increases too. Register for a free trial today and gain instant access to 17,000+ market research reports. our privacy policy, By submitting, you confirm that you agree to our privacy The advent of food delivery apps has increased the speed and accessibility of obtaining your favorite foods. Beelivery trended upwards, ending the year with a 50% increase in interest compared to the start of the year. The trend is expected to remain strong post-pandemic, owing to people getting accustomed to online ordering. You can also contact MarketWatch Customer Service via our Customer Center. Get a Sample Copy of the Food Delivery Market Report 2022. As with hot food and grocery delivery, the big meal kit brands have become well-known, leading more people to search directly for their services and not just for generic terms such as recipe boxes or meal kits. We are expanding across many cities. For example: These particular locations were chosen as they were suggested by Google as popular additions to searches for afternoon tea delivery. The report will account for Covid-19 as a key market contributor. In order to obtain the full report, introduce your email below and we will send it to your inbox automatically. But, they arent the whole market. The first big brand is already looking to test using commercial kitchens for grocery delivery, with Waitrose partnering with Deliveroo on Deliveroo Hop. We are working on understanding the impact of Covid19 on the online food delivery services market and the strategies adopted by companies to keep up with the surging demand while keeping their workers safe. COVID-19 vaccinations have begun, which could enable businesses to reopen and get people back out into the world. Food boxes can mean produce boxes or recipe boxes. How big is the online food delivery services market? Its never been easier for food companies to reach their customers. Produce boxes are typically meat, dairy, vegetable or mixed produce boxes with an array of seasonal or local items. Eating delivered or takeaway food is expected to be mostly a solitary occupation for consumers in 2030. General food boxes including meat, fruit, vegetables, dairy and groceries in general. Perhaps Tesco shoppers were more inclined to get their orders sorted ahead of time while other supermarket shoppers preferred to go to the shops to get their Christmas food. What is the online food delivery services market growth? Food Delivery Market" Research report encompasses a thorough study of the current situation of the global market along with several market dynamics. Interest grew by 25% on average from 2020 to 2021 and by nearly 50% on average from 2021 to 2022. 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. Interest in food delivery for at least some people continued, perhaps due to inability to get to grocery stores or, for those more financially well off, for simplicity so they didnt have to cook and could have a variety of foods delivered straight to their door. Not just so they can adapt to the pandemic, but so theyll be ready for the post-pandemic world too. Moreover, the integration of AI/VR in desktops/laptops will also propel the segment's growth. reserved. From January to March 2021, interest in food delivery dropped by 50% according to Google Trends. Our aim is to provide the best solution that matches the exact customer requirements. 4. Its worth noting that not all of Just Eats surge in interest may have come from consumers ordering food. The market studied is highly competitive, and some of the leading players offering online food delivery services include Deliveroo, Just Eat, Delivery Hero, Grub Hub, and Uber Eats. Interest in food delivery dropped by 50% over the course of 2021 From January to March 2021, interest in food delivery dropped by 50% according to Google Trends. Online grocery sales and subsequently grocery delivery skyrocketed thanks to the global pandemic. 60% of restaurant owners & operators said that offering delivery generated incremental sales. This PESTLE analysis of the food industry is certainly an interesting one. Global Online Food Delivery Market - 2022-2029. Become an EHL Insights contributor, The best step-up for a successful career in hospitality. It seems that COVID-19 has changed the buying habits of at least a small but significant portion of consumers. Interest in Christamas delivery more or less halved between 2020 and 2021, reaching levels of interest comparable to 2017, much lower than both 2019 and 2018. The large spike at the end of this graph is actually the end of 2020 and first month of 2021. In terms of business model, the largest segment is Platform-to-Consumer, with a market share of 53.03% in 2020. Free upgrade to enterprise license (allows to share across all company locations), 5. It is currently headquartered in London, England, UK. Who are the key players in online food delivery services market? My brother died 10 months later. Looking at the interest levels for supermarkets deliveries, for most it was negligible before the lockdowns (see pictured graph with markers). Afternoon tea delivery then saw a consistent, if lower, elevated interest level for much of the rest of 2020, with another spike at the start of 2021. The Global Food Delivery market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2029. Get a Sample PDF of report -https://www.360researchreports.com/enquiry/request-sample/19718861. Though they certainly arent the only ones, they have the most significant market share. No purchase commitment. In the context of the past five years, it might appear that food boxes dropped back to pre-pandemic levels following the spikes around lockdowns, but actually they are maintaining an elevated level. It remained at this lower level for much of the year and into January 2022. What will 2022s Food Delivery Statistics reveal? 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. Please be sure to check your spam folder too. For grocers looking to scale up their delivery operations and maintain customer loyalty with new fulfillment experiences, the biggest challenge will be overcoming the strongest players in online grocery. Among the varieties of food boxes, vegetable boxes (green) are the most popular this is not surprising given that the rise in veganism and environmentally conscious eating has led to a decrease in meat eating for many in the UK. China's duopoly food delivery market. Now you can order your favorite food from the restaurant downtown and have it delivered to your front door.In addition, online delivery platforms are also increasing customers convenience and choice by offering tempting discounts and deals. In 2020, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. This growth is bolstered by user-friendly apps, growth in urban areas, and innovations in food delivery services, i.e. Customers for delivery and takeaway services are mostly younger people up to 35 years old who could be students, managers and full-time employees. The regional growth can be attributed to the increasing per capita income levels and changing preferences of millennials. Certainly afternoon tea delivery was the most popular, rising far above the others, though they all saw increases in 2020. The regional market is witnessing healthy growth due to significant consumer preference for fast food as a result of changing lifestyles. Its significantly lower than 2020, approximately a 30% drop. On the basis of payment methods, the global industry has been further categorized into cash-on-delivery (COD) and online. 2021 was a significant year in the COVID-19 pandemic. 2021 showed a steep increase for Getir (red), compared to the other brands: Gorilla Grocery (blue), Beelivery (yellow), Jiffy (green) and Weezy (purple). of leading companies in the industry. Key points for mobile food businesses: delivery at home is the most popular trend while there might be an increased demand for corporate delivery. Yes. Since Google Trends includes all searches, regardless of intent, we may be able to attribute some of the Just Eat interest to two significant news pieces at that time: Nevertheless, Just Eat reported that it had taken 1.1 billion orders in 2021, an increase of a third in orders compared to 2020. Instead of dining out, people prefer to order in. For instance, in May 2022, Swiggy entered into a partnership with Garuda Aerospace to deliver groceries with the help of drones in the city of Bengaluru in the Indian state of Karnataka and the Delhi-NCR region. The global revenue in the online food delivery segment has doubled since 2017. Similar products have gained extreme popularity in developed countries, and this tendency was further supported by the COVID-19 restrictions. It could be that grocery delivery becomes as commonplace as hot food delivery, particularly if big players get involved, like how McDonalds bought into dark kitchens and helped to legitimise chains using commercial kitchens outside of their restaurants. Addition or alteration to country, regional & segment scope. However, factors such as growing threat from direct delivery services will hamper the market growth. In 2021, Southeast Asia's biggest ride-hailing and food delivery firm Grab Holdings announced a merger with Altimeter Growth Corp. valued at USD 40 billion. Click here. Revenue is expected to show an annual growth rate (CAGR 2018-2022) of 11.8%, resulting in a market volume of US$11,137m by 2022. The food delivery mobile application industry is strongly driven by rapid increase in Internet penetration, especially, in developing countries, such as Brazil, India, China, and others. Penetration rate of 20.3 % than 2020, approximately a 30 %.! Of these brands between the end of this graph is actually the end of food... Aspect, while the providers of online food delivery market is UUSD 121.57 Billion in.! To try and get a Sample PDF of report -https: //www.360researchreports.com/enquiry/request-sample/19718861 services manage the ordering process industry been., Deliveroo, Uber Eats been produced by MADI students from the search and functions. 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