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The global online food delivery industry is strengthened by the development of user-friendly applications across the world. Online food delivery has become an emerging trend that is further expected to flourish in the future. The market is further aided by the increasing smartphone penetration and internet connections globally, which has led to a significant rise in the opportunities for quick and convenient food delivery. The increasing proliferation of the industry beyond tier I cities is expected to propel the market further in the coming years. The market is also expected to be supported by the rising investments in the industry.
The players in the market have seen a rapid increase in demand in 2020 amidst the COVID-19 pandemic due to the restrictions imposed on in-house restaurant dining. GrubHub (NYSE: GRUB), an American online food ordering company, announced in March 2020 that it would forgo a sum of USD 100 million for the time being on commissions for the meals it delivers from individual restaurants to help those businesses cope with the coronavirus epidemic.
Market Analysis by Platform Type, Business Model, Payment Method, and Region:
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Just Eat, GrubHub, Food Panda, Delivery Hero, Deliveroo, and Takeaway.com, among others, are the key players in the global online food delivery market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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