Global Online Food Delivery and Takeaway Market

Date: 31 August 2019

According to a research report published by Azoth Analytics in September 2019, the Global Online Food Delivery and Takeaway Market was valued at USD 5.36 billion in the year 2018. Globally, the growth in the market for Online Food Delivery and Takeaway has been chiefly supported by ever increasing youth population with growing internet penetration in most of the countries around the world backed with escalating smartphone users and enhanced number of consumers opting online delivery platforms due to convenience and ease of delivery at their doorstep, which is supplementing the Global Online Food Delivery and Takeaway market growth during the historical period.

The Azoth Analytics research report titled “Global Online Food Delivery and Takeaway Market (2019 Edition): Market Insights, Company Analysis, Opportunity Assessment and Forecast (2014-2024)” has analysed and segmented the Online Food Delivery and Takeaway Market by Value (USD Million). The report presents the analysis of Online Food Delivery and Takeaway Market By Order Type (Delivery, Takeaway & Dine-in). The Global Online Food Delivery and Takeaway Market has been analysed By Region (North America, Europe, APAC, ROW) and By Country (US, Canada, UK, Italy, Spain, France, Netherlands, China, Japan, India, Australia, Brazil and UAE) for the historical period of 2014-2018 and the forecast period of 2019-2024.

The market for Online Food Delivery and Takeaway has been experiencing considerable growth during the historical period owing to enchanting features of online delivery applications such as hassle free, time saving orders and easy checkout options powered by growing number of women in working population in most of the countries around the globe and enhanced number of mergers & acquisitions by companies to strengthen their market position.

Delivery of online ordered food has been witnessing growth at a notable rate over the past few years as major Online Food Delivery and Takeaway platforms such as Delivery Hero, Zomato, Swiggy, Foodpanda, Deliveroo, Ubereats among various others are focusing on providing remarkable online ordering experience to their customers at their home by offering quality food products with timely delivery at their location. These companies are also investing in latest internet technologies in order to make their online platform user friendly and easy to use so as users don’t face any glitch while using them, which will be supplementing growth in the market for Global Online Food Delivery and Takeaway during the forecast period.

Amongst the regions, North America accounts for the largest regional share in the Global Online Food Delivery and Takeaway market in 2019. Key factors driving the robust growth rate of North America include rapid adoption of advanced technologies by online platforms with burgeoning demand arising for high quality food products from health conscious consumers supported by presence of wide number of companies providing delivery services to customers and ever rising expenditure on food products and eating out by youth population.

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