In today’s digitally-driven world, the way we dine has experienced a seismic shift. The advent of online food delivery services has redefined not just our mealtime preferences, but also the entire food industry. But what exactly is the scale of this culinary revolution? Delve into the depths of the burgeoning online food delivery market with us as we satisfy your appetite for knowledge with impressive and insightful statistics. With in-depth exploration and hard-hitting facts, we will unpack the size, growth, and potential of this swiftly evolving market. Buckle up for an enlightening gastronomic journey that promises to serve up a feast of information.

The Latest Online Food Delivery Market Size Statistics Unveiled

The global online food delivery market is expected to grow from $107.44 billion in 2019 to $111.32 billion in 2020.

Painting a robust picture of the online food delivery market’s pulsating growth, the forecasted rise – from $107.44 billion in 2019 to $111.32 billion in 2020 – underscores a tantalizing shift in consumer habits and market dynamics. By lifting the veil on the evolving landscape, this statistic tantalizes us with a sneak peek into a future where consumers lean heavily on technology for even basic necessities like food. In the grand mosaic of online food delivery market size statistics, this serves as a pivotal piece, heralding the dawn of an exciting, digital-dominated era. This number not only reflects growth, but it’s also a silent testament to the potential, promise, and profitability that the online food delivery market holds.

The market is expected to stabilize and reach $154.34 billion in 2023 at a CAGR of 11.51%.

With the explosive surge in the appetite for online food delivery, the projected statistic presents a juicy morsel to chew on. Anchoring to a hearty market size of $154.34 billion by 2023 at an impressive CAGR of 11.51%, it not only forecasts strong health in the sector but also proposes promising servings for every stakeholder in the food ordering space. This prediction tosses a flavorful insight for investors looking to cook up potential business opportunities, businesses aiming to better tailor their strategies and services, and customers awaiting newer, more refined experiences. So, let’s all bring our forks to this forecast table—more delectable growth is on the menu.

The Asia Pacific region was the largest region in the online food delivery services market in 2019.

Highlighting the dominance of the Asia Pacific region in the online food delivery services market in 2019 gives insight into market trends and preference patterns. It underscores the potential and profitability of investment in this region due to its vast customer base. Given the vastness of the Asia Pacific region, this statistic also lends credibility to the theory that cultural diversity and variety of cuisine have a significant influence on the market. It paints a vibrant picture of how the online food delivery market is faring globally and where businesses potentially need to focus their efforts for future growth.

Delivery Hero, Just Eat Takeaway.com, and UberEats are among the leading market players globally.

Highlighting the prominence of Delivery Hero, Just Eat Takeaway.com, and UberEats offers a window into the dynamics of the global online food delivery market. Their leadership position underscores the competitive landscape and success strategies that have enabled them to carve a niche for themselves. It gives readers a foundation for understanding the scope of the market size, how these major players are influencing trends, and also propels forward-looking discussions around future business opportunities and market evolution. This key piece of information, therefore, sets the stage and brings the abstract concept of market size into a more tangible frame. It humanizes the data, connecting it to recognizable brands, thereby enhancing the impact and relevancy of the discussion about online food delivery market size.

Around 1.8 billion individuals used online food delivery services in 2019 globally, with the number set to cross 2 billion by 2025.

Painting a picture with numbers, the figure of 1.8 billion individuals utilizing online food delivery services in 2019 provides a compelling snapshot of the vastness and the potential of the global online food delivery market. As markets becoming more digital and international, this tremendous digit mirrors a thriving pattern weaving into our lifestyles, affecting market dynamics, consumer behavior, and competition.

Peering into the crystal ball, the projection of this number to cross 2 billion by 2025 further piques the interest. It not only points towards a market brimming with potential but also signifies a rapid evolution in our society’s eating habits, catalyzed by digital transformation. Therefore, for a keen observer looking to understand the online food delivery market, these numbers are the guideposts, indicating noteworthy global trends and future growth potential.

The platform-to-consumer delivery segment is expected to register the fastest CAGR of 15.4% from 2021 to 2028.

Nestled within this number – the projection for a 15.4% CAGR for the platform-to-consumer delivery segment from 2021 to 2028 – nests a persuasive argument for the imminent growth and profitability of the online food delivery market. Standing as a harbinger of economic increase, this figure powerfully suggests that businesses venturing into or investing in this area have the potential for a winning streak up ahead. Moreover, with the platform-to-consumer model in the spotlight, it insinuates the soaring impact of technology on consumer habits and preferences. As such, it adds a poignant layer to the narrative, richly underscoring the significance and advantages of embracing digital transformation in this industry. The data point, with its clear signs of potential and progress, thus becomes an essential piece of the puzzle in the blog post’s endeavour to sketch an accurate and holistic picture of the size of the online food delivery market.

The global online food delivery market size is projected to reach USD 151.5 billion by 2027.

The catapulting projection towards a whopping USD 151.5 billion by 2027 for the global online food delivery market size paints a vivid picture of the gusty winds blowing towards this sector. This figure is not just a number, but the testament of an evolving lifestyle, intertwined with technology and convenience. Wrapped within this staggering amount are the countless late-night cravings satiated, the mid-meeting meals squeezed in, and the family dinners enjoyed from the comfort of our homes. In the grand atlas of online food delivery market size statistics, this towering projection forms the Mount Everest, casting a colossal shadow over the landscape, indicating the enormity and significance this industry holds in our fast-paced, digitally connected future.

In 2018, the online food delivery segment amounted to $53.7 billion.

Highlighting the figure of $53.7 billion in the online food delivery segment in 2018 offers a robust starting point to comprehend the magnitude of the market. Not only does it illustrate the undeniable explosion of convenience culture, but also the consumer willingness to blend technology with something as fundamental as food. It sketches a landscape ripe with opportunities for entrepreneurs in this space and for those considering investing in it, it paints a picture of a lucrative domain. Furthermore, this statistic provides a key point of comparison for tracing the growth or contraction of the online food delivery sector in subsequent years.

The online food delivery services market is expected to grow at a CAGR of 5% between 2021 and 2026.

As we traverse the digital landscape of the online food delivery services, it is remarkable to spot that the market is predicted to expand with a Compound Annual Growth Rate (CAGR) of 5% from 2021 to 2026. This prediction casts a beacon of growth, expansion, and opportunity for businesses in the sector.

In the context of a blog post discussing market size statistics, this optimistic forecast indicates a promising future for entrepreneurs and investors eying the sector. It shines a light on the potential financial gains that could crest the wave of this growth rate.

Additionally, the flourishing market indicative of this growth engenders confidence for stakeholders. It hints at a consumer behaviour pattern leaning towards increased patronage of online food delivery services, validating the market’s strength and longevity. Lastly, this pulsing growth also hints at the potential for progressive technological advancements and stiff competition, both vital for driving innovation in the sector.

Over 1 billion users used online food delivery applications as of 2021.

Highlighting the colossal figure of over 1 billion users resorting to online food delivery applications as of 2021, sends a potent message about the profound influence and potential of this market. It serves as a testament to the ever-surging demand and robust growth trajectory in this sector. Equating these numbers to the scale of this industry, it presents an overview of the expansive customer base, further reinforcing the significance of this market niche. Not merely reflecting market size, this statistic also paints a picture of changing consumer behavior and preference towards convenience, thereby shaping the future contours of the food industry. This, in a nutshell, underscores the vitality and potency of such data in the discourse of online food delivery market size statistics.

It is estimated that 63% of restaurant-goers would rather opt for delivery services than dine in eateries.

Highlighting a statistic such as “63% of restaurant-goers would rather opt for delivery services than dine in eateries” offers profound insights into the shifting dynamics of the food industry. In the realm of a blog post about online food delivery market size, it unveils a rising trend favoring delivery services, hence confirming the bright prospects and potential growth in this sector. More precisely, it paints a vivid picture of increasing consumer preference for convenience and minimal human interaction when it comes to enjoying their favorite restaurant delicacies. Thereby, these figures serve as a futuristic compass guiding entrepreneurs and investors to smartly capitalize on this trend and enhance their strategies accordingly for better profitability and customer satisfaction.

Nearly 45% of consumers say that offering mobile ordering or loyalty programs would encourage them to use online ordering services more often.

Drawing the eye to the significance of this figure, it becomes the key to unlocking a sizable potential customer base in the booming online food delivery market. The statistic illustrates a strong inclination of almost half of consumers towards businesses offering mobile ordering or loyalty programs, suggesting a direct link to increased usage of online ordering services. The underlying message therefore hints at a strategic lever that stakeholders can employ to influence consumer behavior and capture a bigger piece of the market pie. It serves as a compass for market participants designing their business models, offering tangible data to mold their digital marketing strategies around and ultimately, maximize their share in this booming digital marketplace.

The largest market is in China, with a market volume of US$51,514m in 2021.

Unwrapping the significance of this statistic, it provides a dazzling spotlight on China as the frontier in the online food delivery market, commanding a staggering volume of over US$51,514m in 2021. This prodigious figure not only stamps China’s dominance in the global scene but also paints a vivid picture of the immense potential and lucrativeness of the industry. The immensity of China’s market can serve as a navigational beacon for businesses and investors seeking to capitalize on profitable opportunities. Moreover, comprehending the magnitude of China’s market might spark discussions about replicable strategies, technological infrastructures, and consumer behaviors that fuel such impressive market volume. Success indeed leaves clues, and this statistic is a key to understanding the treasure map of the online food delivery sector.

Revenue in the Online Food Delivery segment is projected to reach US$136,431m in 2021.

In the realm of the online food delivery market, the anticipation of a staggering revenue of US$136,431m in 2021 paints a prolific picture of its extensive growth. Culinary enthusiasts and busy individuals are continually embracing these digital solutions for gastronomic gratification at their fingertips, which inevitably widens the market’s radius. This mammoth figure underlines a fast-growing trend, not just signaling an economic triumph, but serves as a beacon, spotlighting the strong consumer shift toward convenience and instant services. For businesses pondering their digital migration or startups considering an entry into this sphere, this statistic provides both a window to visualize future potential and a yardstick to measure their performance, hence shaping the trajectory of our blog post on online food delivery market size statistics.

The highest value per user (ARPU) is expected to be in the United States in 2021, at $106.93.

This engaging figure shines a light on the immense profitability potential within the United States’ online food delivery market. Anticipating an Average Revenue Per User (ARPU) soaring to $106.93 positions the U.S. as a gold mine for stakeholders in 2021. This not only underscores the Americans’ growing appetite for online food delivery services, but also indicates high consumer spending patterns in this sector, pointing to a rewarding business environment. Therefore, these insights could be highly valuable for investors, strategists, and entrepreneurs looking for appealing markets to venture into or expand their operations, if they can successfully tap into the U.S. online food delivery marketplace.

According to Business Insider Intelligence estimates, the total US online food delivery market could grow to as much as $24.5 Billion by 2022.

In the scintillating world of online food delivery, numbers talk and our conversation herein revolves around a throbbing $24.5 Billion. The statistic from Business Insider Intelligence gives us a glimpse into the future, a future where digital catering could see an upsurge, potentially hitting this jaw-dropping figure by 2022. By dissecting this estimation, we unravel a compelling narrative about the upward momentum of the online food industry. This demonstrates the extraordinary growth in consumer trust, e-commerce technology, and convenience-driven lifestyle changes. Weaving these threads together creates a tapestry that narrates the story of lucrative opportunities for entrepreneurs, investors, and businesses eyeing the potential of this burgeoning market. So, pack up your forks and knives, clear the table, because online food delivery is serving up a grand feast with a side dish of abundant market potentials.

Revenue is expected to show an annual growth rate (CAGR 2021-2024) of 5.45%, resulting in a projected market volume of USD 16,979m by 2024 for the US.

The shimmering beacon guiding this analysis resides in the statistic that denotes an anticipated annual growth rate (CAGR 2021-2024) of 5.45% in revenue. Transforming mere conjectures into concrete data, this figure dictates lofty ambitions for the sector, with a projection of a market volume soaring to a remarkable USD 16,979m by 2024, specifically in the US. Within the realm of an online food delivery market size post, this figure is no lesser than a compass, steered by the winds of analytical prediction. It demarcates the trajectory of growth, asserting that the US marketplace isn’t simply evolving but indeed, thriving. It not only substantiates the potential profitability of venturing into this industry but also illustrates the increasing consumer propensity towards online food delivery services, making it a cornerstone of today’s digital economy dialogue.

The average revenue per user (ARPU) is expected to amount to USD 78.23 in the US by 2024.

Predicting a surge in the Average Revenue Per User (ARPU) to USD 78.23 by 2024 can be a real game-changer in the landscape of the US online food delivery market. This enticing figure shines a spotlight on the rising purchasing power and increasing online spending habits of American consumers. It provides a crystal clear forecast that the profitability horizon of this industry is promising, with customers willing to spend more for the convenience and variety that online food delivery offers. Essentially, such an escalating ARPU underpins substantial growth potential for firms operating in, or intending to penetrate, this digital platform, making it an all-you-can-eat buffet of opportunities.

As of 2020, 44% of millennials order food online at least twice a week.

Delving into the fabric of the online food delivery market, we unravel an intriguing pattern: a noteworthy 44% of millennials, the generation dominating the digital universe, are tapping into their smartphones to satiate their hunger at least twice a week. This digit is far from inconsequential as it mirrors a shift in dining trends leaning towards a digital dining experience rather than traditional eating-out or cooking at home.

The twist added by the COVID-19 pandemic is turning this market into a thriving battlefield for businesses, further driving the acceleration of this trend. This whopping 44% is a glittering testament to the scale at which millennials are adapting to this platform. It is an unambiguous indicator of the market’s potential capacity, its expanding user base, and the potential to grow mightier.

In essence, this gives us a peephole view of the intense potential the future holds for the online food delivery market, further influencing businesses to invest and exploit this digital revolution that millennials so ardently endorse.

As of 2021, the UK had about 22.5 million users in the online food delivery segment.

The number of online food delivery users in the UK, reported to be 22.5 million in 2021, provides a compelling glimpse into the scale and potential of this rapidly expanding market. It’s akin to observing a vast ocean filled with ravenous customers eagerly hoping to satiate their appetites through the simplicity and convenience of a mobile app. Evidence of this booming digital dining culture can significantly shape our understanding of modern consumer patterns and trends, making it a must-discuss figure in any discourse on online food delivery market size statistics. This vast user base implies considerable revenue potential and growth opportunities for businesses, shedding light on the strategic importance of investing in or improving digital food delivery services. Violà – not just numbers, but a feast of insights.

Conclusion

In conclusion, the online food delivery market demonstrates a promising landscape filled with exponential growth and immense opportunities. As our lives become more digital and fast-paced, the reliance on this industry is only destined to surge. The convenience and variety it offers are unmatched and give customers the liberty to satisfy their cravings at any time. The data and statistics present a very clear upward trajectory, making it a promising arena for both entrepreneurs and investors. As technology continues to evolve, it will keep redefining the dynamics of this industry shaping its expansion journey. The online food delivery market is more than just a fleeting trend – it’s a transformative revolution that’s here to stay.

References

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