The global online food delivery & takeaway market is anticipated to be worth US$ 27,695.9 Mn in 2022. Growth in the market is attributed to the penetration of online platforms in the food service industry. Sales in the market are slated to grow at a CAGR of 7.3% between 2022 to 2032, and reach US$ 55,828.1 Mn by the end of 2032.
Europe online food delivery and takeaway is poised to grow on the back of increasing use of smartphone and surging internet penetration rate. Smartphone users may order delivery or takeout via calls, internet portals, or mobile apps due to the availability of a variety of cuisines and customization for consumers. Further, popularity of Italian cuisine and availability of multiple choices on a food delivery app is increasing the revenues of local restaurants as well.
As per FMI, local vendors, food trucks, and street food in Paris, Italy, Germany, and the U.K. is gaining immense popularity due to the exposure on social media and television. Channels such as Fox Traveler and others are increasingly improving the food tourism in Europe urging the millennials to explore food industry of the U.K., Italy, Tuscany, Germany, etc. anywhere and at any time via food delivery apps. This is expected to boost the online food delivery & takeaway market.
The online food delivery & takeaway market players are targeting millennials as its priority audience for food delivery services due to the fast-paced lifestyle in Europe. Food delivery has evolved from takeout to anything and everything because of platform-to-consumer businesses such as Glovo, Uber Eat, delivery Club, Just Eat, and Deliveroo, adding millions in potential revenue collection. The takeout industry is considered to be most remunerative in France, Italy, and the U K.
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Key Takeaways from the Online Food delivery & takeaway market
- Europe is predicted to hold a market share of 27.2% in the global online food delivery & takeaway market.
- The market for online food delivery and takeaway is driven by the exponential rise in smartphone users and internet access.
- Germany online food delivery and takeaway market is expected to witness sluggish growth during the forecast period.
- In the base year, the U.K. is expected to lead the Europe online food delivery & takeout market over the forecast period.
“Growing usage of smartphones and internet penetration are driving the market. Use of online food delivery platforms is allowing customers to order food from a range of establishments, promoting the growth in Europe. Hence, key players are likely to collaborate with Europe online food delivery companies to take leverage of untapped potential.” – Says an FMI Analyst
Competition Landscape in the Online Food delivery & takeaway market
Leading companies are adopting organic growth strategies including new launches and brand endorsements to gain revenue. Additionally, they are relying on partnerships, acquisitions, and joint ventures to grow their clientele and maintain their foothold in the industry.
Just Eat Takeaway.com, Delivery Hero SE, and Uber Eats are the leading players in Europe online food delivery & takeaway market.
Recent Developments
- In June 2021, Just Eat Takeaway.com Grubhub Inc. and N.V., referred to as the “Company” or “Just Eat Takeaway.com,” are happy to announce that the Company has successfully acquired all of the shares of Grubhub.
- In September 2020, Delivery Hero SE, the world’s premier local delivery platform, is expanding its leadership in Asia by commencing operations in Japan. Foodpanda, a regional brand of Delivery Hero, will launch its service in six cities in Japan, including Kobe, Yokohama, Nagoya, Sapporo, Fukuoka, and Hiroshima, with intentions to continue extending its footprint in Japan. Beyond food delivery, foodpanda will include rapid commerce locally, allowing users to buy groceries and other home goods delivered quickly to their door.
- In May 2022, Just Eat Takeaway.com, a Dutch multinational online food ordering and delivery service and Domino’s Pizza, have formed an exclusive partnership in the UK and Ireland.
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Key Segments of Online Food Delivery & Takeaway Industry Survey
Online Food Delivery & Takeaway Market by Product Type:
- Veg
- Non Veg
Online Food Delivery & Takeaway market by Price Range:
- High
- Mid
- Low
Online Food Delivery & Takeaway Market by Distribution Channel:
- Fast Food Chain Restaurants
- Online Channels
- Independent Restaurants
- Others
Online Food Delivery & Takeaway Market by Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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