What is Global Online Food Ordering System Market?
The Global Online Food Ordering System Market is a rapidly expanding sector that has seen significant growth in recent years. This system is essentially a method of ordering food from a local restaurant or food cooperative through a web page or app. The rise in internet penetration, increase in the number of smartphone users, and the surge in food delivery app downloads are some of the key factors driving the growth of this market. The convenience of ordering food online from the comfort of one's home or office, coupled with the wide variety of food options available, has made this system increasingly popular among consumers worldwide. However, the market is not without its challenges. Issues such as order mismanagement, high delivery charges, and concerns over food quality and safety can hinder market growth. Despite these challenges, the market continues to show promising potential for future growth.
Restaurant-controlled, Independent in the Global Online Food Ordering System Market:
The Global Online Food Ordering System Market can be segmented into two main categories: restaurant-controlled and independent. Restaurant-controlled systems are those where the restaurant handles the entire process, from receiving the order to delivery. This system allows restaurants to maintain control over their brand, menu, and customer experience. On the other hand, independent systems are those where a third-party platform takes orders from customers and coordinates with various restaurants for delivery. While this system can help restaurants reach a wider customer base, it also means they have less control over the customer experience. Both systems have their pros and cons, and the choice between the two often depends on the specific needs and capabilities of the restaurant.
B2B, B2C, Others in the Global Online Food Ordering System Market:
The Global Online Food Ordering System Market finds usage in various areas including B2B, B2C, and others. In the B2B sector, this system can be used by businesses to order food for their employees, especially during long meetings or late-night work sessions. This not only saves time but also increases employee satisfaction and productivity. In the B2C sector, the system is primarily used by individual consumers to order food for themselves or their families. The convenience, variety, and speed offered by this system make it a popular choice among consumers. Other areas where this system finds usage include events, parties, and institutional catering. Despite the wide usage, there are still many untapped areas where this system can be implemented, offering ample growth opportunities for the market.
Global Online Food Ordering System Market Outlook:
The global Online Food Ordering System market, which was valued at US$ 73340 million in 2022, is expected to reach a value of US$ 93870 million by 2029. This represents a compound annual growth rate (CAGR) of 4.2% during the forecast period from 2023 to 2029. The United States holds the largest share of this market, accounting for about 37% of the total market share. This can be attributed to the high internet penetration and smartphone usage in the country, along with the presence of several key market players. Europe follows closely behind, holding about 20% of the market share. The growth in these regions can be attributed to the increasing consumer preference for convenience and the growing trend of online food delivery.
| Report Metric | Details |
| Report Name | Online Food Ordering System Market |
| Accounted market size in 2022 | US$ 69960 million |
| Forecasted market size in 2029 | US$ 97720 million |
| CAGR | 4.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | McDonalds, KFC, Subway, Pizzahut, Starbucks, Burger King, Domino’s Pizza, Dunkin Donuts, Dairy Queen, Papa John’s, Wendy’s, Just Eat, Takeaway, Alibaba Group(Ele.me), GrubHub, OLO, Swiggy, MEITUAN, Uber Eats, DoorDash, Caviar |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
