Expert Market Research’s new report titled ‘North America Online Food Delivery Market Report and Forecast 2021-2026’, gives an in-depth analysis of the North American online food delivery market, assessing the market based on its segments such as type, business model, payment method and country. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click on the sample demand report. The sample report will be delivered to you within 24 hours.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): 22.5 billion USD
- Forecast CAGR (2021-2026): 13%
- Forecasted market size (2026): 46.8 billion USD
The North America online food delivery market has witnessed substantial growth owing to factors such as the ability of these platforms to register and maintain accounts to facilitate frequent food ordering. Additionally, increased knowledge across different industries provides huge market opportunity for key players in the North America Online Food Delivery market. Typically, a customer begins the food ordering process by searching for a favorite restaurant or food source, selecting items from their menu, adding them to a digital cart, and selecting optional delivery. This can be paid using an online method such as debit card, credit card, online banking or digital wallet, or using cash on delivery (COD). The use of online food distribution systems is growing in the region due to reduced errors, labor costs, waiting time and long queues. With the increase in smartphone shopping, rapidly increasing internet penetration, and a booming food industry, a significant number of customers are turning to these apps to try out new cuisines. Additionally, these applications provide service providers with accurate customer data, which they can use to create and implement promotional strategies. Simple and quick ordering along with hassle-free delivery are some of the key advantages of the service, which are helping the market grow in North America.
Industry definition and major segments
Online food delivery is a digital or virtual food ordering mechanism in which food is ordered from a restaurant through a mobile app or website. These apps or websites are connected to various food cooperatives or restaurants, allowing consumers to receive food products from them anytime and anywhere. To meet different customer needs, these apps offer flexible payment solutions and, on occasion, discounts.
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On the basis of type, the industry is divided into:
- Mobile apps
Based on the business model, the industry is divided into:
- Order-based food delivery system
- Logistics based food delivery system
- Full service food delivery system
On the basis of mode of payment, the industry is divided into:
Depending on the country, the industry is divided into:
Multiple factors are driving the industry in North America, including a large urban population, busy lifestyles, and a dearth of national support. Additionally, many online food delivery service providers are experimenting with cutting-edge food delivery methods such as self-driving vehicles, drones and robots, propelling the service’s business development in North America. In addition, the high standard of living of the population constantly increases the demand for services in the region.
Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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