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Food Delivery Services Market to grow by $ 215.56 bn during 2020-2024 | Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 | Technavio

December 22, 2020 GMT
Technavio has announced its latest market research report titled Global Food Delivery Services Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Food Delivery Services Market 2020-2024 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Dec 22, 2020--

Technavio has been monitoring the food delivery services market and it is poised to grow by $ 215.56 bn during 2020-2024, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201222005406/en/

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Technavio has announced its latest market research report titled Global Food Delivery Services Market 2020-2024 (Graphic: Business Wire)

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the food delivery services market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

  • What are the major trends in the market?
    Increasing partnerships between restaurants and food delivery service providers is a major trend driving the growth of the market.
  • At what rate is the market projected to grow?
    The market will accelerate at a CAGR of over 12% and the incremental growth of the market is anticipated to be $ 215.56 bn.
  • Who are the top players in the market?
    Alibaba Group Holding Ltd., Delivery Hero SE, Glovoapp23 SL, Grab Holdings Inc., Just Eat Plc, Meituan Dianping, Postmates Inc., Roofoods Ltd., Just Eat Takeaway.com NV, and Zomato Media Pvt. Ltd., are some of the major market participants.
  • What is the key market driver?
    The growing mergers and acquisitions is one of the major factors driving the market.
  • How big is the APAC market?
    The APAC region will contribute to 62% of the market share.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alibaba Group Holding Ltd., Delivery Hero SE, Glovoapp23 SL, Grab Holdings Inc., Just Eat Plc, Meituan Dianping, Postmates Inc., Roofoods Ltd., Just Eat Takeaway.com NV, and Zomato Media Pvt. Ltd. are some of the major market participants. The growing mergers and acquisitions will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this food delivery services market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Food Delivery Services Market 2020-2024: Segmentation

Food Delivery Services Market is segmented as below:

  • Market Landscape
    • Order Focused
    • Logistics Focused

  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43444

Food Delivery Services Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The food delivery services market report covers the following areas:

  • Food Delivery Services Market Size
  • Food Delivery Services Market Trends
  • Food Delivery Services Market Industry Analysis

This study identifies increasing partnerships between restaurants and food delivery service providers as one of the prime reasons driving the food delivery services market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Food Delivery Services Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist food delivery services market growth during the next five years
  • Estimation of the food delivery services market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the food delivery services market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of food delivery services market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Business Segment

  • Market segments
  • Comparison by Business Segment
  • Order focused - Market size and forecast 2019-2024
  • Logistics focused - Market size and forecast 2019-2024
  • Market opportunity by Business Segment

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alibaba Group Holding Ltd.
  • Delivery Hero SE
  • Glovoapp23 SL
  • Grab Holdings Inc.
  • Just Eat Plc
  • Meituan Dianping
  • Postmates Inc.
  • Roofoods Ltd.
  • Just Eat Takeaway.com NV
  • Zomato Media Pvt. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201222005406/en/

CONTACT: Technavio Research

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Email:media@technavio.com

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: OTHER TRANSPORT RESTAURANT/BAR FOOD/BEVERAGE RETAIL TRANSPORT

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 12/22/2020 09:19 AM/DISC: 12/22/2020 09:19 AM

http://www.businesswire.com/news/home/20201222005406/en