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Availability of a wide variety of food options online that can be delivered to consumer doorstep in a reasonable time frame
VANCOUVER, BC, CANADA, August 8, 2022 /EINPresswire.com/ -- According to the most recent report by Emergen Research, the size of the global market for food delivery services is anticipated to reach USD 311.43 billion in 2028 at a consistent revenue CAGR of 11.4 percent. Increased smartphone use, increased numbers of dual-income households, increased Internet usage, and increased desire for quick access to affordable food are some of the major drivers boosting market revenue growth.
Among other things, food delivery businesses bring meals from restaurants, groceries from supermarkets, and vegetable boxes. Technology advancements have made it possible to provide quicker and more timely services, improving customer experience and keeping existing consumers as well. The popularity of the services offered is partly fueled by the assurance of safe and secure deliveries. The delivery service provider's reputation could suffer if an item was delivered incorrectly or a shipment was misplaced in the current highly competitive market. Food delivery processes are now more transparent to clients, and real-time tracking from location to destination provides assurance for safer delivery.
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Platforms for online meal delivery services have expanded significantly in recent years, and future revenue growth is anticipated to be large. The preference for online food delivery services is being supported by novelties such as a high focus on offering consumers greater convenience and a wider variety of cuisine and food options, the provision of discounts and deals, and the ability for customers to order from multiple restaurants with a single tap in their smartphone apps. Global elderly population rise is also a factor in the escalating market revenue.
A novel report on global Food Delivery Services market is offering current developments and emerging trends of the market. The report offers a comprehensive overview of the market along with details about market size, market share, revenue growth, and top companies. The report covers all crucial and essential information related to global Food Delivery Services market to help readers, investors, clients to gain a thorough understanding of the market and invest accordingly. Various advanced statistical tools such as SWOT analysis or Porter’s Five Forces are used in the report.
The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Food Delivery Services market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
Companies profiled in the global Food Delivery Services market:
DoorDash, GrubHub, Uber Delivery, Just Eat Takeaway, Zomato, Deliveroo, Swiggy, Postmates Inc., Foodpanda, and Ele.me (Alibaba).
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Key Highlights in the Report
The most popular meal delivery app in the United States, DoorDash, entered the Asian market in June 2021 by debuting in Japan. The company is concentrating on global expansion to take advantage of chances brought forth by the COVID-29 pandemic situation. Despite the company's small size, entering Japan has allowed it to expand into one of the nations with the highest density of restaurants in the world.
Since the majority of back-end needs and apps are handled by the food delivery service providers, full-stack model sector revenue is anticipated to grow at a considerably robust rate during the projected period. They create the app, employ delivery personnel, and employ cooks and chefs to make food on-site. Where there is no dining facility, these are referred to as cloud kitchens. Even though these models demand a substantial investment, profits grow gradually once a sufficient size is reached.
The segment with the biggest revenue share in 2020 was restaurant prepared meal deliveries, as customer mentions of these deliveries on social media have risen, particularly during the COVID-19 epidemic. With the help of partnerships with restaurants, businesses like GrubHub, JustEat, and Foodpanda provide food to a substantial number of clients.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Emergen Research has segmented the global food delivery services market on the basis of platform, model, type, payments, and region:
Platform Outlook (Revenue, USD Billion; 2018–2028)
Online to Offline (O2O)
Model Outlook (Revenue, USD Billion; 2018–2028)
Type Outlook (Revenue, USD Billion; 2018–2028)
Payments Outlook (Revenue, USD Billion; 2018–2028)
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The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
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Key Features of the Food Delivery Services Market Report:
The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
Evaluation of key current and emerging market trends and growth prospects
It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
Brief overview of industry with regards to research and development, technological advancements, and product development
In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario
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At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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