Online Food Ordering System Market size is projected to reach $99,725.97 million units by 2027 from an estimated USD 23,539.40 million units in 2019, growing at a CAGR of 15.4% globally.
This report focuses on the Online Food Ordering System market which is experiencing strong growth. The report gives a guide to the Online Food Ordering System market which can be shaping and changing our lives over subsequent ten years and beyond, including the market's response to the challenge of the worldwide pandemic.
The global online food Ordering System market is driven by the event of easy applications. The trend of on-line food ordering has gained momentum world over. One in all the most important factors influencing the trade growth is that the increasing penetration of smartphones and net connections globally, that has diode to associate degree upsurge within the opportunities for fast and convenient food delivery.
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Major Key Players Covered in Online Food Ordering System market are :
McDonalds, KFC, Subway, Pizzahut, Starbucks, Burger King, Domino’s Pizza, Dunkin Donuts, Dairy Queen, Papa John’s, Wendy’s, Just Eat, Takeaway, Alibaba Group(Ele.me), GrubHub, OLO, Swiggy, MEITUAN, Uber Eats, DoorDash, Caviar
Companies are focusing on undertaking strategies such as mergers, partnerships, and acquisitions to elevate their positioning in the marketplace.
Over the past few years the trend of online food ordering has been increasing. One among the main factors driving the market growth is that the rising penetration of smartphones and internet connections which give the chance to urge the food delivered very conveniently and quickly. Online food delivery offers consumers with a good range of food items available on their smartphones and therefore the convenience of getting it delivered at their doorsteps. Moreover, online food delivery companies provide numerous benefits to foodservice providers also.
Market segmentation
Introspective Market Research provides an analysis of the key trends in each segment of the global online food delivery market report, along with forecasts for growth at the global and regional level from period 2021-2027. Our report has categorized the market supported platform type, application, structure, and region.
By Type, Online Food Ordering System has been segmented into:
- Restaurant-controlled
- Independent
By Application, Online Food Ordering System has been segmented into:
- B2B
- B2C
- Others
Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
- Asia-Pacific (China, India, Japan, Southeast Asia etc.)
- South America (Brazil, Argentina etc.)
- Middle East & Africa (Saudi Arabia, South Africa etc.)
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Covid-19 impact summary:
As lockdown restrictions continue to remain in place due to the prolonged pandemic, consumer behaviour is shifting towards better convenience and delivery speed. This, in turn, has augmented the frequency and spending on third-party online food delivery services across the world.
The global online food delivery market is driven by the convenience of ordering food by these applications, which supply a simple comparison between the menus of several restaurants. Also, these companies deliver food at the specified location at any time, which impacting the industry positively. The industry is finding an impetus for its growth within the simple payment and therefore the choice to go cashless through these platforms because the consumers are increasingly seeking virtual payment options, which also offer them various discounts occasionally. The increasing penetration of smartphones everywhere the planet has led to the upsurge of various online food delivery companies within the food industry because it is very dependent upon the digital medium for its growth
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