Revolutionizing the food industry, online food delivery and takeaway services deliver gastronomic treats right to your door. With only a few clicks on your device, enjoy a variety of cuisines from the comforts of your home. Savour a hassle-free eating experience while discovering a variety of flavours and helping out nearby eateries.
In recent years, there has been a noticeable upsurge in the online meal delivery and takeaway industry in the United States due to consumer demands for convenience, variety, and flexibility.
In 2022, the global market for online meal delivery and takeaway is projected to be valued US$ 27,695.9 million. The restaurant service industry’s adoption of internet platforms is credited with the market’s growth. The market is expected to reach US$ 55,828.1 Mn by the end of 2032, growing at a compound annual growth rate (CAGR) of 7.3% between 2022 and 2032.
The global online food delivery and takeaway market is experiencing a revolutionary surge, transforming the food industry and offering consumers gastronomic delights at their doorstep. Projected to be valued at $55.8 billion by the end of 2032, this dynamic market is propelled by the increasing demand for convenience, variety, and flexibility in dining experiences. Online platforms have become a gateway to a hassle-free culinary adventure, allowing consumers to savor a diverse range of cuisines from the comfort of their homes.
Key Points Highlighted in the Online Food Delivery and Takeaway Market:
- Diverse Offerings: Beyond traditional choices, the market now includes a variety of options such as vegan cheese, self-driving delivery vehicles, and unique food delivery techniques.
- Consumer Convenience: The convenience of ordering online, coupled with the comfort of enjoying meals at home, is fueling the growth of online food delivery and takeaway services.
- Market Competitiveness: The market is highly competitive, with leading players collaborating with local and international restaurants to enhance their revenue and expand customer bases.
- Global Expansion: As the market expands globally, companies are focusing on acquisitions, research and development, and celebrity endorsements to strengthen their market positions.
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Because of the country’s increasing reliance on fast food, the U.S. is predicted to lead the online takeaway and delivery of food business. Additionally, the industry will be boosted by the growing popularity of online meal delivery services, the availability of a large variety of food and beverage products, and the convenience of ordering online. Nearly 37% of Americans eat fast food daily, according to the National Centre for Health Statistics.
Furthermore, several online meal delivery service providers are experimenting with unique food delivery techniques such as self-driving vehicles, drones, etc., facilitating the growth. Besides this, fast-paced lifestyle and social media penetration in daily lives is providing an impetus to the online food delivery & takeaway market.
As online food platforms provide the convenience and comfort of eating meals at home, consumers are indulging themselves on the “Netflix and chill” trend. This is providing lucrative growth opportunities for online food service providers and takeaway providers in the U.S.
Key Takeaways from the Online Food Delivery and Takeaway Market:
- Global Growth: The online food delivery and takeaway market is projected to reach $55,828.1 million by 2032, with a compound annual growth rate (CAGR) of 7.3% between 2022 and 2032.
- U.S. Dominance: With the U.S. leading the way due to an increasing reliance on fast food, the online takeaway and delivery market is anticipated to flourish. In 2021, the U.S. generated revenue worth $22,700 million.
- Innovative Delivery Techniques: The industry is witnessing experimentation with unique delivery methods, including self-driving vehicles and drones, contributing to its growth.
- Consumer Trends: The “Netflix and chill” trend, coupled with a fast-paced lifestyle and social media penetration, is driving the popularity of online food delivery and takeaway services.
“Due to substantial presence of online meal delivery service providers, demand for personalization in food offering, and rising popularity for ready-to-eat food items will drive demand in U.S. Hence, key players are collaborating with local restaurants and fine-dine places to gain competitive edge.” – Says an FMI Analyst.
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Competition Landscape in the Online Food Delivery & Takeaway Market
Leading online food delivery & takeaway providers are collaborating with local and international restaurants to increase their revenue. They are also offering lucrative discount offers and are using social media platforms to promote their brand and expand customer base.
As the market expands on global scale, more competitors are drawn to enter the market. In order to improve their market position, key companies are focusing on growth by acquiring smaller companies and suppliers. Companies are also putting a lot of effort in research & development and celebrity endorsements to strengthen their foothold in the industry.
Grubhub Inc, DoorDash, and Pizza Hut are the leading players in U. S online food delivery and takeaway market.
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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
Recent Developments
- In September 2022, in order to offer all of Bloomin’ Brands ideas to the Grubhub Marketplace, Grubhub and Bloomin’ Brands, Inc. recently announced they are expanding their relationship. In addition to the few Carrabba’s Italian Grill locations that are already accessible on the platform, all Bloomin’ Brands concepts will be available for pickup or delivery on Grubhub.
- In May 2022, DoorDash has launched its second annual Restaurant Online Ordering Trends Report, which delves into consumer online buying preferences and upcoming dining trends to determine what Americans are ordering online and eating now.
Market Strategies and Consultation:
Leading players such as Grubhub Inc, DoorDash, and Pizza Hut are driving innovation and growth in the U.S. online food delivery and takeaway market. Collaborations with local restaurants, enticing discount offers, and strategic use of social media are key strategies to enhance brand presence and attract a wider customer base.
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