Market Research Report
North America Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
|North America Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027|
Published: April 14, 2022
IMARC Services Private Limited
Content info: 145 Pages
Delivery time: 2-3 business days
The North America online food delivery market reached a value of US$ 26.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 53.5 Billion by 2027, exhibiting a CAGR of 12.5% during 2022-2027. 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. These insights are included in the report as a major market contributor.
Online food delivery refers to the process of ordering food from a restaurant by utilizing a mobile application or webpage. These apps and webpages are generally connected to different food cooperatives or restaurants, thereby enabling consumers to receive food items anywhere, at any point of time. Moreover, these online food delivery companies apps provide convenient payment options such as net banking, cash on delivery (COD), e-wallets, and debit/credit cards to users. Furthermore, there are various discounts and filters available on these apps that cater to the varying needs of the consumers. Some of the major advantages of online food delivery include hassle-free delivery, easy and fast ordering, and minimum human interaction, which leads to fewer miscommunications.
North America online food delivery market is currently being driven by several factors. Significant urban population, their busy lifestyles and lack of domestic help have driven the online food delivery market growth in the region. Furthermore, various online food delivery service providers are experimenting with innovative food delivery methods, via self-driving cars, drones and robots, thereby, positively influencing the market growth. In addition to this, high living standards of individuals is continuing to spur the demand for online food delivery packaging services in the region.