Research Support Specialist, USA
The global restaurant to consumer online food delivery market size is estimated at USD 147.2 billion in 2028, according to a new report by Million Insights. The market is expected to expand at a CAGR of 11.9% from 2021 to 2028. Key growth factors of the market include the growing preference of restaurants towards in-house delivery systems across the globe. Further, the various major food restaurants chain such as Dominos, McDonalds, and others are expanding their customer base by partnering with aggregators for food delivery in untapped markets further propelling market growth. However, the high capital investment for a house delivery system is projected to restrain market growth over the forecast period.
The market for restaurant-to-consumer online food delivery experienced significant growth during the Covid-19 due to the shutdown of restaurants and restrictions on dine-in across the globe. The online food delivery trends accelerated in part due to the effects of the COVID-19 pandemic, which resulted in the adoption of shelter-in-place measures. Additionally, under the lockdown conditions imposed in some countries owing to the pandemic, consumers’ meal choices have shifted from eating out to online ordering of food for convenience. Considering the situation, restaurants are collaborating with food aggregators to provide food delivery services to their potential customers and maintain their business growth.
The pickup type segment is expected to witness the highest growth rate of 12.2% from 2021 to 2028. The market is mainly driven by the growing trends towards takeaway food services in online food delivery across the globe as this provides consumer an easy customization on food based on their preferences and on exact time. In addition, consumer’s willingness to pick food from the restaurant on their own owing to safety purpose is further driving the segment. Moreover, the significant adoption of pickup services by large restaurant chains such as Dominos, Pizza hut, and McDonald's further support market growth during the forecast period. In U.S., food merchants offering pickup service have seen growth in their business, in terms of orders per month.
North America is estimated to contribute revenue share of more than 15.0% in 2020. The U.S. is positively contributing to the growth of the market, in terms of revenue. Presence of well-established food chains such as Dominos, McDonald's, and others is one of the key driving factors for market growth. In addition, the organized food retail sector and the highest consumer spending on online food are the factors responsible for the largest revenue share in the market for restaurant to consumer online food delivery. Moreover, increasing number of food merchants in the U.S. adopting pickup service to expand their business is further driving the market in the region.
The report “Restaurant to Consumer Online Food Delivery Market Size, Share & Trends Analysis Report By Type (Door Delivery, Pickup), By Region (North America, Europe, Asia Pacific, Central and South America, MEA), And Segment Forecasts, 2021 - 2028” is available now to Million Insights.
Million Insights has segmented the global restaurant to consumer online food delivery market based on type and region: