Food delivery grew by 3.7bn in 2020 to reach 11.4bn - double its 2015 market value - as it benefited from being one of the few routes to market during the pandemic, Lumina Intelligence reports. For the most part, they maintained their relative popularity with Tesco and Asda holding on to the top two positions. We can see a similar trend when looking specifically at Christmas delivery from the five major supermarket chains: Tesco (Blue), Sainsburys (Red), Morrisons (Yellow), Waitrose (Green) and Asda (Purple). Visit a quote page and your recently viewed tickers will be displayed here. While overall interest in food delivery was up, what did that mean for specific providers of food delivery? If we compare the interest level before the spike to the level at the end of the graph, which is February 2022, they are similar bar the natural oscillation of interest that occurs from week to week and month to month. It remained at this lower level for much of the year and into January 2022. The COD segment is also estimated to register a significant growth rate during the forecast period. New competitors are likely to emerge, both locally and nationally, catering to these changes in demand with an ever expanding range of options. This rapidly rising number of cloud kitchens is expected to boost the online food ordering trend, which bodes well for the industry's growth. Order Focused Food Delivery System Logistics Based Food Delivery System Full-Service Food Delivery System. 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. Looking at Google searches for delivery from the main supermarkets, we can see a clear increase in interest across five of the biggest brands during the first lockdown: Tesco (Yellow), Asda (Purple), Morrisons (Green), Sainsburys (Red) and Waitrose (Blue). What are the factors driving the online food delivery services market. According to an estimate by Statista, the global annual revenue of the food market would reach 8,049,240 million dollars by the end of 2021, and it would grow by 3.14%. Food Delivery Services in the US industry outlook (2021-2026) poll Average industry growth 2021-2026: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. The regional market is witnessing healthy growth due to significant consumer preference for fast food as a result of changing lifestyles. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million). This boost in interest is most stark when we compare specific search terms over the past five years, namely afternoon tea delivery, afternoon tea delivered, afternoon tea boxes and afternoon tea delivered to your door. In the United Kingdom, chain outlets are very popular, acquiring the highest portion of the foodservice market. The ease of getting food delivered at a reasonable price and in record time has led to an increase in the number of orders being placed online. Increased internet penetration rate, quick access to smartphones, simplified e-banking systems, improved food-service logistics, and changing lifestyles are some of the prime factors driving the online food delivery market growth. With online orders growing at a faster pace than ever, food operators have an unprecedented opportunity to increase profit margins and customer reach. So, food businesses are advised to take notice of the trends that evolved in 2020. The growing mergers and acquisitions is one of the major. The global revenue in the online food delivery segment has doubled since 2017. The COVID-19 pandemic has wreaked havoc on most facets of life, including people's ability to access products. In terms of business model, the largest segment is Platform-to-Consumer, with a market share of 53.03% in 2020. This is attributable to the increasing per capita income and evolving digital habits of the millennial population in the region. The food delivery market is witnessing a rise in the popularity of cloud kitchens due to many consumers purchasing their food through online platforms. Customers in 2030 will order mostly through their smartphone and, as a second choice, through a computer. Consumer interest in food delivery is up year over year, and across restaurant brands tested, with the greatest incremental interest in coffee and burger chains. Market Overview. The Food Delivery market has witnessed growth from USD million to USD million from 2017 to 2022. Compared to the last 5 years, we can see that 2020 was an anomalous year, with a huge surge in interest in supermarket food delivery for a limited period of time. Market revenue for the food delivery industry has increased by 204% in the past five years. See for yourself. Add to this the rising number of consumers looking for vegan, organic, no-gluten, paleo or ethically-sourced food, and youll understand the continued growth of specialized food subscriptions. This graph from Google Trends shows data from February 2017 to 2021: We can see a steady rise in interest in food delivery, which starts to really grow in 2019 and into 2020. Larger chains can also open dark supermarkets in urban locations to reach customers more quickly, and create convenient fulfillment options like Buy Online, Pickup In Store. Zomato will also have to deal with competition like Swiggy, an online restaurant delivery service that started in India back in 2014 and moving towards expansion into countries such as the UK and the UAE. Top food delivery trends to expect in 2022: Trend: Tech Giants Moving in on Food Delivery, Online Grocery Delivery is Growing Rapidly, Food Delivery: Industry Trends for 2022 and beyond, Google began to enable food ordering and delivery. Today companies like Chick-fil-A are exploring in-house delivery and the great benefits it offers such as full visibility and control over customer data and branding. Food delivery had been on the rise. Though the industry is currently in its growth phase, several factors, such as fluctuating pricing models and the availability of multiple food delivery service platforms, are anticipated to intensify competition. Food delivery apps are reshaping the restaurant industry and how we eat by inspiring digital-only establishments that do not need a dining room or waiters. Essex and Leeds were places that had previously had a larger interest in afternoon tea delivery, in years gone by, and this would be repeated at a higher rate in 2020. The COVID-19 pandemic really shook up the world and the food sector experienced huge changes. The average American spends $67 on takeout per week. Delivery Hero SE, Grab Holdings Inc, Just Eat Holding Limited, Grubhub Holding Inc., Uber Eats are the major companies operating in Online Food Delivery Market. These routes enable you to specialize through your studies. There are plenty of meal kit brands already on the market, and more are emerging thanks to an increased interest in food delivery as a result of COVID-19 restrictions. 33% of consumers are willing to pay higher fees for faster delivery services. Some of the top brand in the food . Consequently, people turned to supermarket deliveries to try and get a future order in and so avoid missing out. For example: These particular locations were chosen as they were suggested by Google as popular additions to searches for afternoon tea delivery. COVID-19 vaccinations have begun, which could enable businesses to reopen and get people back out into the world. Instead of dining out, people prefer to order in. For many customers, home delivery has provided a solution to some of COVID-19's challenges. Report further studies the market development status and future Food Delivery Market trend across the world. As we entered Lockdown 3 in the UK on 26th December 2020, there was a surge in interest for recipe boxes and meal kits. Key points for mobile food businesses: delivery at home is the most popular trend while there might be an increased demand for corporate delivery. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. This is part of what these new food delivery apps are tapping into. Further into 2020, particularly in the latter half of the year as lockdowns eased and the tier system came into effect, along with the Governments Eat Out To Help Out initiative, the interest in all these delivery services levelled out. Global Online Food Delivery Services Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion However, it is difficult to forecast this continuing trend once the health crisis situation improves in the country in the upcoming years. The huge increase in interest in delivery slots during the first lockdown makes it hard to gauge on the graph what levels were like in the rest of 2020, compared to before it started. The segment is projected to expand further at the fastest growth rate retaining its leading position throughout the forecast period. Players are increasingly offering technological innovation, order customization, and increasing the number of partnering restaurants to improve their offerings. However, if we look more specifically at Christmas delivery slots from the major supermarkets, an interesting difference is clearly visible. You could probably guess that food delivery spiked in the UK when the first lockdown began on the 16th March 2020. The global online food delivery market reached a value of US$ 106.1 Billion in 2021. Produce boxes are typically meat, dairy, vegetable or mixed produce boxes with an array of seasonal or local items. 2021 was a very different year to 2020, with far fewer restrictions in place for mixing households, no last minute lockdown announcements and people werent impeded from their Christmas plans with family and friends. The industry players operating in the region are offering live customer service, delivery execution, and other related services, which, in turn, will fuel regional growth. Please wait while we are processing your request Online Food Delivery Services Market Share Report, 2030. This is very unusual compared to the other food delivery searches in 2020. The food delivery services like GrubHub, UberEATS, DoorDash, and Postmates are transforming the way people get their meals. Panera launched its in-house delivery operation back in 2016, bucking the trend at the time. Based on data from the field and forecasts by industry experts, here are six major trends that are shaping food delivery and will continue to do so for the next couple of years: Third-party delivery continues to grow as its usage increases across the restaurant and grocery industries. Eating delivered or takeaway food is expected to be mostly a solitary occupation for consumers in 2030. Produce boxes come in an array of combinations, with common items such as: A key selling point is that the produce comes from small and local producers. Goldstein Research analyst forecast that the China online food delivery market size is set to reach USD 48.1 million by 2025, growing at a CAGR of 7.2% over the forecast period. The advent of user-friendly apps coupled with changing consumer expectations has been a primary driver favoring growth. This report outlines the marketing mix strategy for an online-based food delivery service in Nigeria. The market's largest segment is Restaurant-to-Consumer Delivery with a . Now you can order your favorite food from the restaurant downtown and have it delivered to your front door.In addition, online delivery platforms are also increasing customers convenience and choice by offering tempting discounts and deals. To understand geography trends, Download Sample Free trial, before you make a purchase decision. This is why it's essential to keep an eye on relevant food industry statistics. The advent of food delivery apps has increased the speed and accessibility of obtaining your favorite foods. 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