Market Research

A glance at the market of online food delivery (2020-2025)

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With the increasing number of smart phones and the Internet penetration, it is possible to order food from a wide range of restaurants online. In recent years, ready-made meals and fast foods provide a larger share of household food with the change in lifestyle. It is clear that restaurants need an efficient and fast delivery system so that they are able to offer high speed delivery in addition to reducing restaurant costs.

Market / Industry segment of online food delivery

Base Year Market size(B$) Duration(YEAR) CAGR(%) Source Name
201884.66 11.4Research and market
2018 53.57 5 16.46% PR news wire
2018 23.539 9 17.40% Globe news wire
2018 23.53 7 15.40% MenaFN
201765.91 6 16% Adorit market research

Influencing factors that changes market size of online food delivery

The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of online food delivery

Direct drivers:

  • Increasing the number of takeaway services
  • Inefficiency of traditional food delivery system

Reverse drivers:

  • High costs of food delivery for restaurants
  • Low-quality food delivery
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This market may also be threatened by following risks:

In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of online food delivery may also be threatened by following risks:

  • Technology risk
  • Reputation risk
  • Competition risk
  • Sales and marketing risk

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