The latest market analysis report by GlobalData Plc titled Online Food Delivery Market Size, Share, Trends, Analysis, and Forecasts by Region and Outlet Type 2021-2026 projects the online food delivery market size was USD 245.4 billion in 2019. The analysts at GlobalData Plc have identified the rising smartphone penetration and evolving food preferences of consumers post the pandemic.
The COVID-19 lockdowns ensured online food delivery becomes an integral part of the new normal. FMCG companies, retailers, and food service outlets used online delivery services to offer convenience and easy availability to consumers while saving them both time and effort. Furthermore, with the maximum population working from home during the pandemic across the globe, the demand for online food delivery services witnessed a surmountable hike. These factors have encouraged the online food delivery services market to grow at a CAGR of 9.2% and reach USD 679.5 billion by 2026.
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Online Food Delivery Market Segmentation Analysis
By Outlet type
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Online Food Delivery Market Trends
The main trends shaping the online food delivery theme over the next 12 to 24 months are shown below. We classify these trends into four categories:
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Online Food Delivery Market Vendor Landscape
The online food delivery market competition is intensifying due to the new entrants launching innovative measures to make their mark in the market against already established market participants. Online food delivery companies are engaging in strategic partnerships and continuous M&As to strengthen their market positions and make the most of available market opportunities. This report provides a comprehensive analysis of each vendor and the strategic moves each of them is making to retain their market values.
Top Online Food Delivery Market Companies
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