According to a new report, published by KBV research, The Global Online Food Delivery Market size is expected to reach $1053.05 billion by 2032, rising at a market growth of 12.4% CAGR during the forecast period.
Delivery partners and gig workers represent another critical user group. Online platforms provide flexible income opportunities for millions worldwide, enabling individuals to work on their own schedules, supplement their primary incomes, or pursue full-time delivery as a livelihood. These platforms often offer driver support tools, real-time route optimization, and incentives to improve efficiency and satisfaction.
The Platform to Consumer segment is experiencing a CAGR of 12.1 % during the forecast period. The platform to consumer segment is defined by the involvement of third-party online platforms that serve as a bridge between customers and a diverse selection of restaurants. These platforms allow users to easily access menus, place orders, and make payments from multiple restaurants within a single digital ecosystem. This model is especially appealing for its convenience and the wide array of choices it provides to consumers, who can explore different cuisines and restaurants from the comfort of their homes.
The Meal Delivery segment led the maximum revenue in the Global Online Food Delivery Market by Product in 2024, thereby, achieving a market value of $644.7 billion by 2032. The meal delivery segment in the online food delivery market consists of services that bring prepared meals directly to customers’ doors. This includes orders placed with restaurants, cloud kitchens, or meal-specific platforms, where consumers can choose from a variety of ready-to-eat dishes. The appeal of this segment lies in its convenience and time-saving benefits, as customers can enjoy a wide range of cuisines without having to cook or leave their homes.
The Online Payment segment is growing at a CAGR of 12.5 % during the forecast period. The online payment segment includes digital payment methods such as credit cards, debit cards, digital wallets, and other secure online payment gateways. Customers opting for online payment enjoy a fast, convenient, and contactless transaction process, which enhances the overall efficiency of ordering food online. This segment has benefited from increasing consumer trust in digital transactions, greater smartphone and internet penetration, and the proliferation of secure payment technologies.
The Asia Pacific region dominated the Global Online Food Delivery Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $427.5 billion by 2032. The North America region is anticipated to grow at a CAGR of 11.6% during (2025 - 2032). Additionally, The Europe region would witness a CAGR of 11.9% during (2025 - 2032).
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