Market Research Report
Online On-Demand Food Delivery Services
|Published by||Global Industry Analysts, Inc.||Product code||939297|
|Published||Content info||112 Pages
Delivery time: 1-2 business days
|Online On-Demand Food Delivery Services|
|Published: April 1, 2021||Content info: 112 Pages||
Global Online On-Demand Food Delivery Services Market to Reach $259.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Online On-Demand Food Delivery Services estimated at US$42.7 Billion in the year 2020, is projected to reach a revised size of US$259.7 Billion by 2027, growing at aCAGR of 29.4% over the period 2020-2027. Order-based Food Delivery Services, one of the segments analyzed in the report, is projected to record 27.5% CAGR and reach US$223.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Logistics-based Food Delivery Services segment is readjusted to a revised 52.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $12.8 Billion, While China is Forecast to Grow at 28.6% CAGR
The Online On-Demand Food Delivery Services market in the U.S. is estimated at US$12.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$44.6 Billion by the year 2027 trailing a CAGR of 28.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26.1% and 25.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 20.6% CAGR.
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