Mobile Food Delivery Application Market Size, Growth, Share 2022, Trends, Forecast by Manufacturers, Regions, Type and Application to 2028

Market Overview:

Mobile food delivery app market was valued at USD 5.8 billion in 2021 and is expected to reach USD 33.8 billion by 2028, at a CAGR of 29%.

Mobile food delivery app is a technology that provides a platform for hotels, food suppliers and different food franchises to deliver food products through an online portal with mobile devices. It’s a quick and easy way to deliver food when it’s convenient and where it belongs. It is an easily accessible, multi-vendor deployment platform. This open-source platform is used by a large number of populations. People order food daily using these platforms; more than 650 million people order food online every day. Thus, to meet the needs of people, several hotels and restaurants offer food delivery services. Many big industry giants like Swiggy, Deliveroo, Zomato and Takeaway.com are generating revenue exponentially due to the increase in usage of mobile food delivery apps. The most popular food delivery app in India is Zomato and Swiggy led the market capturing 70% of the market.

Top Key Players of Mobile Food Delivery Apps Market:

  • Apple
  • IBM
  • Microsoft
  • Google
  • SAP
  • Red Hat
  • zoho
  • Mendix
  • Competent

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Market Dynamics and Drivers:

The mobile food delivery app is driven by the increased adoption of mobile phones and the internet. Most of the population uses mobile phones and for fast services people prefer online food delivery platforms to deliver services to large population. Majority of vendors use this platform which gives high market exposure. In addition to this, according to Statista, in global comparison, most revenue will be generated in China USD 158, 100.00 million in 2022. The online delivery company with the highest US market share is Grubhub. In 2020, around 623,000 orders on average were placed using the Grubhub Inc. platform. In addition, these online ordering platforms provide their drivers with vehicles that collect the meal from the chosen restaurant and the deliver to the consumer. These facilities have allowed many restaurants to enter the delivery market. All these factors ensure the growth of the food delivery market. However, lack of connectivity in rural areas of developing regions is hampering the growth of the market in the analysis year.

Food Delivery Mobile App Report Highlights:

  • By deployment platform, the Android segment is expected to grow the most in the food delivery mobile app during the forecast year. The high penetration of Android phones owing to the services provided by low-cost Android devices is driving the growth of the market.
  • By end-user, the food delivery market segment is expected to dominate the food delivery mobile application over the forecast period. The online food ordering and delivery marketplace is a centralized hub where all restaurants and other food outlets are listed, so the reach of the marketplace expands from customer, restaurant owner and delivery side that ensures market growth.
  • By region, Asia-Pacific is expected to lead the mobile food delivery app over the projected period. Growing smartphone penetration, growing economy, and changing eating habits are supporting the growth of mobile food delivery app in Asia Pacific.

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Industry key development:

  • In July 2020, Uber Eats, a leading US-based food delivery service provider, has acquired rival Postmates for $2.65 billion.
  • In March 2022, Online food aggregator Zomato has announced that it will soon launch “Zomato Instant” for 10-minute food delivery.

Mobile food delivery app Segmentation:

By deployment platform

Per end user

  • Food Delivery Marketplace
  • Restaurants
  • Others

For this report, Introspective Market Research segmented mobile food delivery app based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)

  • North America
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Turkey
    • The rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Vietnam
    • Thailand
    • Rest of Asia-Pacific
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Iran
    • Rest of MEA
  • Latin America
    • Brazil
    • Argentina
    • Rest of LATAM

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Report Scope:

The objective of the research is to provide market knowledge and strategic insights to help decision makers make informed investment decisions and identify potential gaps and growth opportunities. Historical revenue and sales volume are reported, and additional data is triangulated using top-down and bottom-up methodologies to predict forecast figures for important regions covered in research, as well as classified and well-known types and end-use industries. The Food Delivery Mobile Application study explores the competitive landscape of the global market. Besides rivals market share research, in-depth profiling, product/services and business insights, the study focuses on BCG Matrix, Heatmap Analysis and SWOT Analysis to better correlate the market competitiveness. Five forces analysis, Ansoff matrix, PESTEL analysis and value chain analysis are used to better understand the market conditions.

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