Looking forward, IMARC Group expects the market to reach US$ 223.7 Billion by 2027, exhibiting at a CAGR of 11.44% during 2022-2027. About Online Grocery Delivery Services Market: The Online Grocery Delivery Services market has witnessed a growth from USD million to USD million from 2017 to 2022. By 2022, the company's market share is expected to reach 30%. To get access to the below grocery delivery services, you need to pay a monthly or yearly fee. Table 05: Europe Online Food Delivery Market Share by Payment Method (Percent), 2018 - 2021 NEW YORK, March 10, 2022 /PRNewswire/ -- The online grocery delivery services market is expected to grow by USD 800.00 bn from 2020 to 2025, progressing at a CAGR of 25.25% . The global food & grocery retail market size was valued at USD 11,324.4 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 3.0% from 2022 to 2030. Market drivers and assumptions. The market is. The market size of the Supermarkets & Grocery Stores industry is expected to increase 1.1% in 2022. Grocery delivery is off to a strong start in 2022 Published April 11, 2022 Jeff Wells Lead Editor Courtesy of Instacart Dive Brief: Grocery delivery sales grew more than 20% on a year-over-year basis in March, reaching $3.5 billion, according to the latest monthly survey from e-commerce firms Brick Meets Click and Mercatus. These insights are included in the report as a major market contributor. Meanwhile Uber Eats held the second highest share with 24. The food delivery company increased its market share from under 20% in 2018 to 53% in 2021.. As the world stayed indoors to weather the pandemic, the entire U.S. delivery app market grew 48.3% within the first couple months of 2020. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. And in terms of end user, the largest end user is Personal Shoppers, followed by Business Customers. [10] The market size of the Supermarkets & Grocery Stores industry in the US has grown 2.7% per year on average between 2017 and 2022. The food delivery service in Vietnam is rising rapidly and creating numerous possibilities for the online food delivery market in the country. China is the largest market for food delivery, with a market size of $27.3 billion in 2021. Entering 2022, UberEats . DUBLIN, Feb. 9, 2022 /PRNewswire/ -- The "China Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets . Sources: BusinessofApps. The store offers fresh produce, meat, dairy . The industry has experienced a groundswell of interest and activity (Exhibit 6). Nevertheless, food delivery startups are doing well. Swiggy, another food and grocery delivery app, has recently raised funding worth $1.25 billion in a round led by Prosus and SoftBank Vision Funds. In 2022, the global Online Grocery Delivery Services market size was USD Million and it is expected to reach USD Million by the end of 2029, with a Growing CAGR during 2022-2029. The North America online food delivery market reached a value of US$ 26.2 Billion in 2021. The market share of of the leading supermarkets in Great Britain (GB) from January 2017 to September 2022 has remained fairly stable. The online food delivery market is also supplemented by growth in mobile phone dependency. Vietnam Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 Online food delivery refers to the process of ordering food from a food cooperative or restaurant through a mobile app or webpage. ET Meituan and Ele.me control about 90% of all food delivery in the country The entire food delivery app industry is expected to reach $320 billion market size by 2029 Uber Eats is the most popular food delivery app, Delivery Hero has the most collective users Annual growth of digital grocery consumers will be tempered going forward, at 4.1% in 2022, 2.8% in 2023, and 2.5% in 2024. new jersey, usa,- the latest market research report analyzes the grocery delivery software market demand by different segments size, share, growth, industry trends and forecast to 2028 in. It used to be an add-on service but now comes free for Amazon Prime members. Rapid delivery quadrupled in market size in 2021, from approximately $1.1 billion in 2020 to $4.7 billion in 2021. Looking forward, the publisher expects the market to reach US$ 42.6 Billion by 2027, exhibiting a CAGR of 10.5% during 2021-2027. Data range from 2019 Jul to 2022 Jun. Market Size & Forecast 6.1.1. The global online food delivery market reached a value of US$ 106.1 Billion in 2021. Rapid delivery app revenue. [10] That's well ahead of estimated growth for the online grocery market before the COVID. Figure 33: Market forecast for all online grocery retail sales, (prepared on 17 February 2022), at current and constant prices, 2016-26. Measurable AI: Philippines food-delivery market share in revenues (Foodpanda vs Grab); *revenues in this chart are based on"totalprice", the dollar amount of each order before . A quick look at the best grocery delivery services. The growth can be primarily attributed to COVID-19 lockdown-induced higher spending on groceries, increased online-grocery sales volume, and consumer polarization. Additionally, grocery delivery grew from 3.4% to 10.2% of the total market between 2019 and 2020. In leading countries, online grocery could make up 18 to 30 percent of the food-at-home market 3 by 2030 in our aggressive scenario (exhibit). The company is now valued at $5.5 billion and making strides in acquisitions and investments within the company. They tend to spend a more significant share of their budgets on prepared food than the other generations. As of August 2022, Walmart lead the online grocery market in the United States, capturing 27.6 percent of grocery e-commerce sales. For each option, we highlighted the membership fee and delivery costs that would be added on to. Best Grocery Delivery for Organic Foods: Amazon Fresh. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 10.54% during the . Best Grocery Delivery for Bulk Foods: Boxed. Among online grocery pickup and delivery services, Instacart currently has the largest share of spend, taking in 66% of what customers spent on such transactions during the week of July 12, 2021. Scheduled delivery (with the promise of same-day service) will still account for the majority of this share, while instant delivery (defined as delivery on demand, typically with a 15- to 30-minute lead . The Most Popular Food Delivery App in the U.S. Aided by the rising innovations in the food delivery process and high population density, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 112%. Best Grocery Delivery for SNAP Benefits: InstaCart. 1. The company's share of the. With industry leaders such as Uber Eats, which controls over 25% of the food delivery market in the US, making a massive $4.8 billion in 2020, it is likely that we will see more third-party delivery companies entering the mix in 2022. Global Online Food and Grocery Delivery market size will increase to Million US$ by 2027, from Million US$ in 2021, at a CAGR of during the forecast period. Global Industry Size, Share, Trends and Forecast 2022 - 2030 . The China online food delivery market attained a value of USD 130 billion in 2020 driven by the rising penetration of internet and smartphones. Published by Daniela Coppola , May 4, 2022 In 2018, food delivery company DoorDash held 12 percent of the total food delivery market in the United States. The global . The Vietnam foodservice market is projected to register a CAGR of 8.50% during the forecast period, 2022-2027. Saudi Arabia Online Grocery Delivery Market Outlook 6.1. Increased competition could help drive down delivery commissions, which are often large, helping food . This advantage became a bit smaller in the latest quarter of 2022: as of March 2022, Foodpanda's market share by revenue dropped to around 49% against Grab at 51%. In 2023, it's anticipated to grow around $78 billion. Online grocery orders are included. The North America online food delivery market attained a value of USD 22.5 billion in 2020 driven by the rising sales of smart devices. Best Grocery Delivery for Special Diets: Thrive Market. Market Share . The global online food market is driven by rise in internet penetration coupled with increase in the working population and surge in the food & beverage industry. By Value 6.2. DoorDash. The Vietnam online food delivery market size is expected to grow at a CAGR of about 24% in the forecast period of 2022-2027. However, unwillingness of big food outlets to adopt this system along with the potential . The global online food delivery market reached a value of US$ 106.1 Billion in 2021. Food Delivery Market size accounted for US$ 151 Bn in 2020 and expected to reach around US$ 361 Mn in 2028 with a considerable CAGR of 12% during the forecast period of 2021 to 2028. . Apps like Gorillas, Flink, Jokr and Zapp are less than 24 months old, with most of the revenue growth coming in the second half of 2021. In terms of product, Packaged Foods is the largest segment, with a share about 70%. Grocery Delivery Software Market Growth Research 2022 represents competitive analysis of global industry with sales pattern, CAGR analysis, key challenges, opportunities, and future trends.. The global online food delivery services market is expected to grow from $115.11 billion in 2021 to $128.32 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. Impact of COVID -19 on Saudi Arabia Online Grocery Delivery Market 6. The COVID-19 pandemic has helped accelerate DoorDash's rapid growth and market dominance. In 2022, it's expected to reach $70 billion. [0] ABOUT US; . Online Food Delivery and Takeaway Market Size 2022 in Globe - Growth rate, Business Findings and Forecasts (2022-2028) | [124 Pages Report] Published: Oct. 24, 2022 at 7:29 a.m. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. The global online food delivery market reached a value of US$ 106.1 Billion in 2021. IT Spending in Food Delivery Market Research 2022-2025 highlights comprehensive insights on sales revenue, growth strategies, sales pattern, production, consumption and supply-demand analysis of . With a market share of 59 percent, DoorDash dominated the online food delivery market in the United States as of March 2022. In this study, 2021 has been considered as the base year and 2022 to 2027 as the forecast period to estimate the market size for Online Food and Grocery Delivery Amazon Fresh (opens in new tab) is essentially a digital grocery store. In Japan, UberEats has been leading the market by consumer spending in food delivery since 2020, whose market share has steadily hovered around 70% in the past two years. Notably, DoorDash hopes to be a one-of-a-kind winner in its area. Europe, Asia Pacific, Middle East, and Africa) - Share, Size, Outlook, and Opportunity Analysis, 2022-2029 [170 Pages Report] Online Food Delivery Market was valued at USD YY million in 2021. Uber Eats, a food delivery service, captured 24% of the entire food delivery market in the United States in 2018. Figure 34: Online grocery as a % of all grocery sales, pre- and post-COVID-19, 2019-26. Jul 26, 2022 (Market Insight Reports) -- Online Food and Grocery Delivery Market (US, Europe, Asia-Pacific) 2022 research includes historical and forecast data, demand, application. Aided by the innovations in delivery methods, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 13%. If you order from a restaurant that doesn't deliver by itself, there's a . With the CAGR. Last-mile food and grocery delivery market revenue worldwide 2020-2025; Food delivery marketplace startup investments worldwide 2018-2022, by quarter; Online food delivery funding and deals . On-Demand Food Delivery App Revenue (China) By the end of 2021, the online food delivery app revenue is predicted to generate around $63 billion. Looking forward, the publisher expects the market to reach US$ 223.7 Billion by 2027, exhibiting a CAGR of 11.44% during 2022-2027. The COVID-19 pandemic has led to widespread economic distress throughout the South East region. The Chile food delivery market is expected to exhibit a CAGR of 5.2% during 2022-2027. Source: Statista Shipt was third with 7%. The United States online food delivery market reached a value of US$ 23.4 Billion in 2021. Published by Emma Bedford , Oct 11, 2022. Mar 10, 2022, 10:45 ET. Europe Online Food Delivery Market, Forecast 2022-2027, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Company Analysis. Looking forward, IMARC Group expects the market to reach US$ 53.5 Billion by 2027, exhibiting a CAGR of 12.5% during 2022-2027. In our survey, grocery CEOs largely expect consumers in 2022 to place a greater emphasis on sustainability across all dimensions (for example, packaging and supply chain) and make different choices because of it. List of. With a CAGR, this. Tesco and Sainsbury . Restaurant delivery has grown 20% in the last five years; while estimates differ, online food delivery sales are estimated to grow as high as $220 billion by 2023 - 40% of total restaurant sales. Grocery delivery services, such as Instacart, saw "five years of growth in five weeks" at the start of the pandemic. With the fast-paced lives in Europe, online food delivery has a priority audience of the millennials for food delivery services. It's never been easier for food companies to reach their customers. Almost every major food delivery service saw its gross merchandise volume increase by over 100% in 2020, and several saw revenues increase by that percentage as well. Category: Consumer Goods and Food and Beverages | Published at: February-2022 | Delivery Format . The global online food delivery services market is expected to grow from $115.11 billion in 2021 to $128.32 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. Europe Online Food Delivery Market is project to reach US$ 66.2 Billion by 2027. Online grocery to account for 14.1% of grocery sales by 2026. Online Food Delivery Market is expected to grow at a high . In March 2020, a restaurant in Hanoi's Thanh Xuan, district in Vietnam scored lots of attention for using drone food delivery.