Digital Food Delivery Market Definition
The global digital food delivery market is expected to witness high demand in the forecasted period due to Increasing digitization across the developing as well as developing countries. Digital food delivery provides delivery od food through the internet to the customer doorsteps, home, or office. The customers can avail of food from hundreds of cuisines and restaurants with the detailed pricing of each food. Right from selecting the preferred food online, up till payment of the order with a cashless transaction, it takes nearly no time and gets the delivery done directly into the doorstep with ease. Dominoís is an example of a restaurant with its own digital ordering and delivery platform. Consumers can use the pizza makerís app to order in advance and pick up their food in the restaurant. They can use the same app to place an order for delivery via the Dominoís team of drivers.
The market study is broken down, by Application (Business to Business (B2B) and Business to Customer (B2C)) and major geographies with country level splits. According to AMA, the Global Digital Food Delivery market is expected to see growth rate of 11.3% and may see market size of USD179.27 Billion by 2025.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Digital Food Delivery market throughout the predicted period.
Meituan Waimai (China), Just-eat (United Kingdom), GrubHub (United States), Delivery Hero (Germany), UberEATS (United States), Doordash (United States), Postmates (United States), Takeaway.com (Netherlands), Mr. D food (South Africa) and Deliveroo (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Square Inc. (Caviar), Amazon Restaurant (United States) and Zomato (India).
AdvanceMarketAnalytics has segmented the market of Global Digital Food Delivery market by Type, Application and Region.
On the basis of geography, the market of Digital Food Delivery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Business Model, the sub-segment i.e. Aggregators will boost the Digital Food Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform Type, the sub-segment i.e. Websites will boost the Digital Food Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Payment Method, the sub-segment i.e. Online Transactions will boost the Digital Food Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 20th January 2020, Grubhub, the nation's leading online and mobile food-ordering and delivery marketplace, today launched its Ultimate technology, a revolutionary, first-of-its-kind proprietary hardware, and software solution that integrates all restaurant ordering channels into one system.
- Upsurging Demand of Digital Food Delivery due to COVID-19 Pandemic
- Rising Demand Owing to The Increasing Adoption Rate of Cashless Economy Online Transaction
- High Adoption due to Rapid global digitalization has helped to make digital delivery platforms smooth and reliable
- Increasing Penetration of the Internet and Smartphones
- Technological advancement Associated with Food Delivery such as Drone and Robot Delivery Systems
- Growing Demand due to Attractive Promotional and Marketing Strategies
- Technological Complexities associated with Digital Channel
- The Concern Related to Food Damaging
- The Stringent Government Regulation Related to The Food Products
Key Target AudienceGovernment Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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