Dublin, Aug. 12, 2022 (GLOBE NEWSWIRE) — The report “Digital Food Delivery Market Size, Share, Trends, By Business Model, By Platform Type, By Payment Methods, and By Region Forecast to 2030” has been added to ResearchAndMarkets’ offerings .com.
According to the latest report, the global digital food delivery market is expected to reach $369.97 billion by 2030, registering a revenue CAGR of 13.2% during the forecast period. Increasing preference for on-demand food services and technological advancements in the hospitality & tourism industry are some of the major factors driving the market growth.
Digital food delivery platforms have become extremely popular with consumers in recent years as they provide an easy and hassle-free way to order food from restaurants and fast food chains. These platforms also provide an efficient delivery system that ensures timely delivery of food orders. In addition, these platforms allow users to track their order status in real time, further adding to the convenience factor.
Technology plays a vital role in the restaurant industry, blurring the lines between restaurants and other businesses as customers can now order their favorite foods from any number of establishments without ever leaving their homes. As a result, a new delivery system business model has emerged in the food service industry, with companies like GrubHub, Foodler and Seamless leading the way. This new model is based on convenience and ease of use and is rapidly gaining popularity among consumers.
In terms of revenue, the online ordering segment is expected to grow at the highest CAGR of 14.4% during the forecast period. This is attributed to the growing popularity of online food ordering platforms such as Zomato and Swiggy, which allow users to order food from their favorite restaurants with just a few clicks.
Following the outbreak of COVID-19, there has been a surge in demand for the digital food delivery market as consumers prefer contactless delivery to minimize their exposure to the virus. In addition, with the lockdown and social distancing standards, people are opting for online food ordering and delivery.
An unstable or rather unreliable internet connection, poor management and delayed or failed deliveries are some of the main challenges facing the digital food delivery market. In addition, the lack of standardization in quality and pricing is another challenge that hinders market growth.
Some key highlights from the report
In July 2021, the Qmin mobile app was launched in the UK by food service company Compass Group. Qmin is a free app that allows customers to order and pay for their food via their smartphone or tablet. The app can be downloaded from the App Store and Google Play.
In August 2021, Just Eat Takeaway.com announced an agreement to acquire Foodpanda from Delivery Hero. The acquisition enables Just Eat Takeaway.com to become the world’s largest online food delivery company with a network of more than 1.3 million restaurants in 29 countries.
The mobile applications segment is expected to grow at the highest CAGR during the forecast period. The proliferation of smartphones and the increasing number of internet users are some of the major factors driving the growth of this market segment. Moreover, with the advent of 5G technology, the adoption of digital food delivery services is expected to increase as it will provide fast internet connectivity, which is essential for these services.
North America is expected to see significant growth in the digital food delivery market during the forecast period. The US and Canada are the main countries contributing to the growth of this market in the region. The presence of a large number of digital food delivery service providers such as DoorDash, Grubhub and UberEats is one of the key factors driving the growth of the digital food delivery market in North America.
The Asia Pacific Digital Food Delivery market is expected to grow at a CAGR of over 16% over the period 2019-2025. The growing preference for online food ordering and home delivery among consumers in the region is driving the market growth. Moreover, the increasing number of smartphone users and internet penetration are driving the market growth in the region.
The presence of a large number of food delivery service providers in the Asia-Pacific region provides consumers with a wide variety of options to choose from. In addition, increasing competition among these service providers is leading to the introduction of innovative services and features, which is expected to further boost market growth in the region.
Major companies profiled in the global market report include Just Eat Takeaway.com, Zomato Ltd., DoorDash, Swiggy, Postmates Inc., Uber Technologies Inc., Delivery Hero SE, Grubhub, Amazon.com, Inc. and Domino’s Pizza Inc.
Chapter 4. Digital Food Delivery Market Segmentation & Impact analysis4.1. Analysis of digital food delivery market material segmentation 4.2. Industrial outlook4.2.1. Analysis of market indicators4.2.2. Analysis of market factors4.2.2.1.1. Rapid global digitization4.2.2.1.2. Internet affordability & availability4.2.2.1.3. Increase in the use of mobile applications4.2.2.1.4. Increasing number of logistics service providers4.2.2.1.5. Economic enrichment in developing countries4.2.2.1.6. Growing empowerment of women4.2.2.1.7. High acceptance rate of home delivery offering4.2.3. Analysis of market constraints 4.2.3.1.1. Requires high investment4.2.3.1.2. Slowly growing digital adoption in underdeveloped countries4.2.3.1.3. Lack of good management skills 4.2.3.1.4. High market penetration is only in urban areas 4.2.3.1.5. Lack of logistical support and unstable internet connectivity in rural and remote areas4.3. Technological insights4.4. Regulatory framework4.5. Price development analysis4.6. Customer assignment4.7. Covid-19 Impact Analysis4.8. Influence of global recession
Chapter 5. Digital Food Delivery Market by Business Model Insights & Trends5.1. Business Model Dynamics & Market Share, 2021 & 20305.2. Collectors5.2.1. Market estimates and forecast, 2018 – 2030 (USD billion)5.2.2. Market estimates and forecast, by region, 2018 – 2030 (USD billion)5.3. New delivery system 5.3.1. Market estimates and forecast, 2018 – 2030 (USD billion) 5.3.2. Market estimates and forecast, by region, 2018 – 2030 (USD billion)5.4. End-to-end service 5.4.1. Market estimates and forecast, 2018 – 2030 (USD billion) 5.4.2. Market Estimates and Forecast, by Region, 2018 – 2030 (USD Billion)
Chapter 6. Digital Food Delivery Market by Platform Type Insights & Trends6.1. Platform type Dynamics & Market Share, 2021 & 20306.2. Websites6.2.1. Market estimates and forecast, 2018 – 2030 (USD billion) 6.2.2. Market estimates and forecast, by region, 2018 – 2030 (USD billion)6.3. Mobile Applications6.3.1. Market estimates and forecast, 2018 – 2030 (USD billion) 6.3.2. Market Estimates and Forecast, by Region, 2018 – 2030 (USD Billion)
Chapter 7. Digital Food Delivery Market by Payment Method Insights & Trends7.1. Payment method Dynamic & Market Share, 2021 & 20307.2. Online transactions 7.2.1. Market estimates and forecast, 2018 – 2030 (USD billion) 7.2.2. Market estimates and forecast, by region, 2018 – 2030 (USD billion)7.3. Pay on Delivery (POD) 7.3.1. Market estimates and forecast, 2018 – 2030 (USD billion) 7.3.2. Market Estimates and Forecast, by Region, 2018 – 2030 (USD Billion)
Chapter 8. Regional Outlook for the Digital Food Delivery Market
Chapter 9. Competitive landscape9.1. Market revenue share by manufacturers9.2. Analysis of manufacturing costs 9.3. Mergers & Acquisitions9.4. Market positioning9.5. Strategy Benchmarking9.6. Supplier landscape
Chapter 10. Company Profiles10.1. Just eat Takeaway.com10.1.1. Company overview10.1.2. Financial performance10.1.3. Technological insights10.1.4. Strategic initiatives10.2. Zomato Ltd.10.2.1. Company overview10.2.2. Financial performance10.2.3. Technological insights10.2.4. Strategic initiatives10.3. By Dash10.3.1. Company overview10.3.2. Financial performance10.3.3. Technological insights10.3.4. Strategic initiatives10.4. Swiggy10.4.1. Company overview10.4.2. Financial performance10.4.3. Technological insights10.4.4. Strategic initiatives10.5. Postmates Inc.10.5.1. Company overview10.5.2. Financial performance10.5.3. Technological insights10.5.4. Strategic initiatives10.6. Uber Technologies Inc.10.6.1. Company overview10.6.2. Financial performance10.6.3. Technological insights10.6.4. Strategic initiatives10.7. Delivery Hero SE10.7.1. Company overview10.7.2. Financial performance10.7.3. Technological insights10.7.4. Strategic initiatives10.8. Grubhub10.8.1. Company overview10.8.2. Financial performance10.8.3. Technological insights10.8.4. Strategic initiatives10.9. Amazon.com, Inc.10.9.1. Company overview10.9.2. Financial performance10.9.3. Technological insights10.9.4. Strategic initiatives10.10. Domino’s Pizza Inc.10.10.1. Company overview10.10.2. Financial performance10.10.3. Technology insights10.10.4. Strategic initiatives
For more information on this report, please visit https://www.researchandmarkets.com/r/ghawxd
Food delivery is more expensive than you think The first thing you notice is the initial storage premium, which is 8-12% across all platforms. The initial storage premium is the difference between the meal price a restaurant lists on its own website and the base price listed on the delivery app.
Can you make a living off DoorDash?
Drivers known as Dashers make money delivering food with DoorDash as independent contractors. The gig takes little time to get started, pays regularly, offers flexible hours, and can be a great way to make money without a traditional job. But revenues can fluctuate along with demand and supply details.
Can you earn a living income with DoorDash? While the average executive at DoorDash can expect to earn more than $100 an hour, the people who run the core of the business — the delivery drivers — struggle to earn a living wage. Over the past year, Dashers like you have provided an essential service.
Can you make 1000 a week with DoorDash?
How much can you earn per week with DoorDash? Driving such a long shift on the weekend is a jump start toward that $1000 weekly wage. And if you keep driving smart and in a hurry, you may be able to hit the grand in just a week with just five days of driving.
Can you make a 1000 per week with DoorDash?
How much can I realistically make with DoorDash?
As a Dasher, you will earn $2 to $10 per order, plus additional payment for promotions and 100% of the tip. You may receive an additional promotional allowance if you work during peak hours, have to drive to deliver your order, or face certain challenges, such as completing a certain number of deliveries in a certain period of time.
Can you live off of DoorDash?
Easy said; it is a lot of work. But if you are committed and really think that DoorDash is the best way to make a living, then it is possible. Here’s what you need to know to decide if it’s possible for you to make a living from DoorDash and how to maximize your earnings as a Dasher.
Is DoorDash a good source of income?
Providing for a service like DoorDash can be a great way to earn extra income from an afterthought. You can make your schedule, take only the jobs you want and get paid quickly.
How much can you realistically make with DoorDash?
As a Dasher, you will earn $2 to $10 per order, plus additional payment for promotions and 100% of the tip. You may receive an additional promotional allowance if you work during peak hours, have to drive to deliver your order, or face certain challenges, such as completing a certain number of deliveries in a certain period of time.
How much can you realistically make DoorDash?
As a Dasher, you will earn $2 to $10 per order, plus additional payment for promotions and 100% of the tip. You may receive an additional promotional allowance if you work during peak hours, have to drive to deliver your order, or face certain challenges, such as completing a certain number of deliveries in a certain period of time.
Can you make $200 a day with DoorDash?
If you plan to work 7 days a week and assuming an average of 30 days a month, you would need to earn $133 a day to reach that goal. If you plan to only work Monday through Friday, that increases your daily count to $200 a day.
Can you actually make good money doing DoorDash?
Driving for DoorDash is a great way to earn some extra cash. It’s nice that you can use some business knowledge to increase your profits (unlike some of the other gig economy apps). If you are looking for a part-time job that you can do on your own schedule, DoorDash is the way to go.
What delivery service makes the most money?
Highest Paying Courier Jobs
- Amazon Flex, $20.62.
- GrubHub, $19.47.
- DoorDash, $18.53.
- Uber Eats, $16.75.
- GoPuff, $15.56.
- Favor delivery, $14.99.
- Instagram, $13.88.
- Waiter, $13.
What is the best paid meal delivery service? What is the best meal delivery service to work for? In terms of hourly wages, Instacart and Shipt offer the highest average rates of $29 and $20 respectively. However, due to their huge customer base, drivers who work with Uber Eats, DoorDash and Grubhub generally have better annual salaries.
Does Grubhub pay more than DoorDash?
Grubhub has a much smaller market share compared to DoorDash and customers can order fewer types of items. Does Grubhub or DoorDash make more money? DoorDash has a higher national average wage than Grubhub, and it’s not uncommon for DoorDash drivers to earn $100 a day.
Is working for Grubhub worth it?
Grubhub is an excellent way to earn extra money. Some drivers prefer to drive full-time and others prefer to work part-time. It’s all up to you. If you’re just looking to spare some hours, a Grubhub salary is a great perk that can supplement your income.
Which pays more DoorDash or uber eats?
Tips can earn additional income. It is not uncommon to accept a $5 delivery and receive a $10 customer tip. According to ZipRecruiter, Uber Eats drivers earn an average of $41,175 per year compared to DoorDash drivers’ $36,565.
How popular is food delivery?
Nearly 112 million Americans say they used a food delivery service in 2020. That’s a 17% year-on-year increase from 2019. Between steady industry growth and increased demand for takeout and delivery, spurred by the COVID-19 pandemic, food delivery grew faster than ever in the past year.
How many people use a meal delivery service? 1. Nearly 112 million Americans say they used a food delivery service in 2020. That is an increase of 17% year-on-year compared to 2019.
How big is the food delivery market?
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 215.69 billion |
| Revenue forecast in 2028 | USD 388.74 billion |
| Growth rate | CAGR of 10.8% from 2022 to 2028 |
With a 59 percent market share, DoorDash dominated the online food delivery market in the United States as of March 2022. Meanwhile, Uber Eats had the second highest share at 24 percent.
What percentage of people order food delivery?
As of March 2020, 38% of US consumers had ordered food through a food delivery app. By March 2021, 47% of Americans had used a food delivery app, illustrating how badly the pandemic has hit the food delivery industry.
What percentage of people order food delivery?
As of March 2020, 38% of US consumers had ordered food through a food delivery app. By March 2021, 47% of Americans had used a food delivery app, illustrating how badly the pandemic has hit the food delivery industry.
What percentage of restaurant orders are online?
Online food ordering has grown 300% faster than dining in since 2014 and now accounts for about 40% of total restaurant sales.
Who use food delivery the most?
China’s food delivery apps have the largest user base and market penetration, reaching more than 650 million people, the US is the second largest market and the best funded.
How popular are food delivery apps?
Global food delivery app sessions shot up 88% in 2020 compared to 2019, and are up a further 43% so far in 2021. If we take another regional look, APAC sessions exploded in 2020, a growth from 128% compared to 2019, and continued steadily into 2021, rising 42% by the end of the third quarter.
What food delivery app is most popular?
DoorDash was ahead of the competition in 2020 and currently has 57 percent of the market share in the US, the second largest food delivery market.
What percent of people use food delivery apps?
As of March 2020, 38% of US consumers had ordered food through a food delivery app.
How much can you make with DoorDash in 3 hours?
Income. The average income of most door-dash drivers is between $15 and $25 per hour.
How much can you earn DoorDash in a few hours? The company gives drivers a minimum of $2 per delivery order. In 2020, DoorDash announced that Dashers earn an average of $22 per hour of employment, before expenses.
How many hours should I DoorDash a day?
You should take a 6-hour uninterrupted break if you sprint for more than 12 hours in a 24-hour period. This requirement is for your safety and the safety of others. Dashers who have sprinted at least once for more than 12 hours in a 24-hour period in the past 7 days can also receive an email.
Is there a minimum hours for DoorDash?
There are no minimum or maximum hours you have to work to be a DoorDash dasher. You can work as many hours as you want.
What hours do you make the most on DoorDash?
The best times for DoorDash, according to Quora During the weekend evenings (5:00 PM – 9:00 PM) would be the peak times for many food delivery apps such as Uber Eats, Postmates, Grubhub, meaning it applies is on DoorDash as well.
Can you make $100 a day with DoorDash?
Example: As an active Dasher, if you complete a minimum of 50 deliveries within 7 days, you will earn a minimum of $500. If you earn $400, DoorDash will add $100 the day after the last day of the Guaranteed Earnings Period.
Can you make $300 a day with DoorDash?
Can you make $200 a day with DoorDash?
If you plan to work 7 days a week and assuming an average of 30 days a month, you would need to earn $133 a day to reach that goal. If you plan to only work Monday through Friday, that increases your daily count to $200 a day.
How much can you make with DoorDash in 2 hours?
Income. The average income of most door-dash drivers is between $15 and $25 per hour. Drivers are paid with a fixed delivery rate, but the hourly wage can be calculated from the total of the fees and the time period worked.
Do you get paid by the hour with DoorDash?
Instead of base salary or peak pay, you will see the DoorDash salary, which is calculated based on the guaranteed hourly rate and your total time spent on delivery – from the time you accept an order to the time you deliver it, including the waiting time at the seller. On top of that, tips are also added.
How much can DoorDash make in a day?
The average DoorDash salary is in the $15-$25 per hour range. If you worked 4 hours, you could earn $60-$100 a day. That would be like DoorDash is a part-time job. If you did it as a full-time job, working 8 hours a day, you could earn about $120-$200 a day.