There were 753 press releases posted in the last 24 hours and 170,229 in the last 365 days.

Online Food Delivery Market to Hit $161.74 Billion by 2023 - Global and Regional (US, UK, China, India, etc.) Industry Strategy and Statistic Analysis: Adroit Market Research

APAC online food delivery market stood at USD 34.31 billion in 2017 and is projected to reach USD 90.95 billion by 2023. Americas is the second most favorable market for online food delivery services and is expected to grow at a CAGR of 11.7 % over the forecast period. Presence of key economies such as the U.S., Canada, and Mexico is the key driver for the development of this region.

/EIN News/ -- Dallas, Texas, April 16, 2019 (GLOBE NEWSWIRE) -- The global online food delivery market size is estimated based on the ongoing trends and increase in the company’s spending on better and efficient online food delivery. The report also provides various insights related to competitive strategies, value chain analysis, market dynamics, and regional analysis.

Request a PDF sample of the global Online Food Delivery market research report @ https://adroitmarketresearch.com/contacts/request-sample/834

In terms of application, Non-family segment generated a maximum revenue share of 70.6% in the year 2017 and is anticipated to maintain a similar trend over the forecast period. The nonfamily segment is expected to generate a revenue of USD 115.43 billion by the end of 2023, growing at a CAGR of 16.2%. Generation Z spends ~ 6 to 8 hours daily over the web, “connected” through numerous electronic devices. Majority of the preference for things related to food or clothing is derived from word-of-mouth posts on social media and peer references. This group also turns to community applications to read reviews of restaurants and gauge prices. Food service delivery options are especially important to Gen Z since this group represents around 32% of the global population, a large target group who will drive the growth in delivery far into the future.

The “Global Online Food Delivery Market Size 2017 by Type (Delivery, Takeaway), by Application (Non-family, Family), By Region (US, Canada, Mexico, Brazil, Rest of America, Germany, UK, Italy, France, Spain, Rest of Europe, China, India, Japan, South Korea, Australia, Southeast Asia and Rest of APAC, Egypt, GCC Countries, Israel, Turkey, South Africa, & Rest of MEA) and Forecast 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.

In terms of region, Asia Pacific dominated the global online food delivery market with market revenue of USD 34.31 billion and share of 52.1% for the year 2017. Asia Pacific is also the growing region for this market and is anticipated to contribute revenue of USD 91.0 billion and share of 56.2% by 2023. The regional growth is driven by a surge in demand for easy and quick food delivery services.

Direct purchase the Single user copy of the research study @ https://adroitmarketresearch.com/researchreport/purchase/834 . or Are you looking for a discount on purchasing the report? If yes then, contact us @ https://adroitmarketresearch.com/contacts/discount/834

The U.S. is one of the key countries across America’s online food delivery market as it stands as a hub for the most successful start-ups to date. U.S. accounted for a maximum market revenue share of 83.4% in America’s online food delivery market and is expected to show a similar trend over the forecast period growing at a CAGR of 8.3%. Also, online food delivery services are one of the fastest and most frequently used services in China. Huge populous and technological advancement is backing the growth of online food delivery services across this country.

Zomato, Deliveroo, Just Eat, Swiggy, Takeaway.com, Delivery Hero, Food panda, is expected to be the key potential entrants for the expanding online food delivery market. The top companies in the online food delivery market such as Domino’s, Grub Hub/Eat 24, Pizza Hut, Papa John's International, Inc., and Jimmy John's accounts for nearly 90% of the global online food delivery market.

Major points from Table of Contents:
Chapter 1    Scope of the report
Chapter 2    Executive Overview
Chapter 3    Global Online Food Delivery By Players
Chapter 4    Online Food Delivery By Region
Chapter 5    America
Chapter 6    APAC
Chapter 7    Europe
Chapter 8    Middle East and Africa
Chapter 9    Market Driver, Challenges and Trends
Chapter 10    Global Food Delivery Market Forecast
Chapter 11    Key Players Analysis
Chapter 12    Research Findings and Conclusion
Continued…

Grasp advance knowledge on Online Food Delivery Industry through in-depth Blogs, White Paper & Infographics:

Access the White Paper “Beating Traditions: Online Food Delivery Market’s Increased Importance” @ https://adroitmarketresearch.com/white-paper/beating-traditions-online-food-delivery-markets-increased-importance

Read the in depth blog titled “Online Food Ordering And The Growth In Restaurant Market” @ https://adroitmarketresearch.com/blogs/online-food-ordering-and-the-growth-in-restaurant-market

Browse more related reports:

U.S. Meal Kit Market 2018-2025:
The US meal kit market size is projected to reach USD 14.20 billion by 2025 growing at an aggressive CAGR during the forecast period. The factors such as entry of new meal kit delivery services, increase in customer base, easy availability of all the ingredients and recipe of how to make the food are driving the market further. Moreover, meal kits are offering customers easy and convenient way of cooking food in less time due to which the demand for it is further increasing. Browse the report with complete TOC @ https://www.adroitmarketresearch.com/industry-reports/orphan-drugs-market

North America Catering Market Size 2017-2025:
The North America catering market is projected to be valued at USD 89.60 billion by 2025 assisted by the rising number of corporate events in the U.S. and the subsequent growth of the business to business (B2B) event industry market. In 2017, the global B2B event industry market revenue stood at USD 30.3 billion and the U.S. constituted for 43.6% of the total revenue. The frequent and large volume of meetings and other corporate events in the U.S. have contributed excessively to the rapid growth of the catering industry. Thus, the US catering market size is likely to grow at a CAGR of 3.1% over the forecast period. Browse the report with complete ToC @ https://www.adroitmarketresearch.com/industry-reports/north-america-catering-market

Malaysia Online Food Delivery Market Size and Forecast, 2018-2025:
The restaurant-to-consumer delivery accounted for a market share of 94.7% in 2017 as specific restaurants have started offering in-house delivery. The customer base is more for restaurant-to-platform delivery as consumers prefer paying directly to the restaurant other than a third party. With the advent of advancement in mobile technology, developers are innovating apps for consumers ordering food online, in turn raising sales. Browse the report with complete ToC @ https://www.adroitmarketresearch.com/industry-reports/malaysia-online-food-delivery-market

Access research repository of Upcoming Reports @ https://adroitmarketresearch.com/upcoming.html

About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Us:
Ryan Johnson
Account Manager - Global
3131 McKinney Ave Ste 600
Dallas, TX 75204
Email ID: sales@adroitmarketresearch.com
Phone No.: +1 (214) 884-6068
Connect with us: Facebook | Twitter | LinkedIn

logo.png


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.