Europe Online Food Delivery Market will reach US$ 184.44 Billion by 2028
Europe Online Food Delivery Market Size
Europe Online Food Delivery market is predicted to grow US$ 62.59 billion by 2032 to US$ 26.77 billion in 2023, with a healthy CAGR of 9.9% from 2024 to 2032. Factors driving this expansion population growth and density especially in the urban areas, altering consumer preferences into convenience and lastly, delivery technology and mobile application advancement.Europe Online Food Delivery Market Outlooks
Online food delivery, an ultra-modern phenomenon still traceable its origin to the prehistoric period, involves a service through which consumers or rather clients can place orders of meals from restaurants or other food retailers through websites or application on their mobile devices. It empowers clients to order foods online, view menus, and even make payments, and the foods are delivered to their desired destinations like homes or office. As previously stated, food delivery service is congenial with European region due to its chronological background with food services.Food delivery ordering has in the past been cumbersome where it involved a direct order through a telephone call or picking an order from a restaurant. However, advancement in technology has come to categories these items making it more flexible and easier to have variety to the types of foods to be eaten. Third-party interfaces, or as they are also called ‘aggregators’, such as Eat or Takeaway. com, have enabled the consumers to order from multiple restaurants through availing the menus, and receiving orders at a given fee. Later, platforms that connect those who want to order food from restaurants with drivers willing to deliver those meals without using company’s drivers appeared, such as Uber Eats, Deliveroo, or Glovo. The following digital platforms enable the restaurant business to deliver food to customers by paying a fee to access the delivery network of independent contractors.
Driving factors in the European online food delivery market
Urbanization in Europe drives demand for convenient food delivery due to busy lifestyles
In Europe, the process of urbanization plays a crucial role in the consumption of online food delivery services. That is why, being associated with the concept of cities and their inhabitants concentrating more and more, the fast pace of the urban life leads to reliance on the convenient meals. Online food delivery also suits many urban residents especially working people who do not have ample time to spend on food preparation and buying. he has added that this trend is complemented by increase in dual salary barn, thus leaving less time to be spent in preparing meals. Therefore, food delivery platforms have started capitalizing on this market, providing customers with a wide choice of dining facilities meeting the needs of Europe’s active cities, thus highlighting the variety of the European food market.European Hectic lifestyles and dual-income households drive demand for quick and convenient meal solutions
With increasing number of couples in Europe having both partners employed, pressure for cheaper and faster foods has emerged. This is good for many people because they lack time for cooking, and this explains why many of them now order their meals from online food delivery services. This is so as people look for alternatives that they can fix in the ever-constricting schedules of their daily lives. As a consequence, the online food delivery segment is advancing rapidly and provides various options for nutrition as modern Europeans’ needs change to find more convenient ways to get food.
Investment in logistics and delivery networks in Europe
Retailer logistics and delivery investments enhance European online food delivery market services. Improved supply chain solutions shorten delivery time and thus, deliver the meals in a fresher condition to clients. Sophisticated delivery networks allow platform businesses to enlarge their operational service areas, including the penetration of more consumers in the urban and suburban zones. It improves the possibilities of selling its products to the target market and enhances the intensity of competition. The extension of logistical networks constantly, the implementation of advanced technologies and delivery routes contribute to the process of distribution in food, receive constant development and positive impact on the improvement of the general customer relations in Europe region.Germany's online food delivery market
The online food delivery business has expanded significantly in the Germany market within the past few years. This growth is due to the fact that people’s habits are altering, and technology continues to advancing. Market is dominated by Lieferando, Uber Eats, Wolt offering variety of cuisines and short delivery time. Technological developments and furthering of mobile applications in the process of ordering food make it convenient and easy. Also, the market is quite relevant to the topic of a healthy diet and environmental friendliness, providing more products made from organic food and the use of environmentally friendly packaging materials. The intensity of competition affects organizations to look for efficient ways of performing logistics and delivering goods and services in different urban and suburban areas. It allows large growth, high satisfaction levels among clients and a constantly changing environment for your business.European Online Food Delivery Company Analysis
Some prominent European online food delivery players include Delivery Hero SE, Grab Holdings Inc., Uber Technologies Inc., Roofoods Ltd (Deliveroo), and Yum! Brands Inc., DoorDash Inc., and Zomato Ltd.European Online Food Delivery Company News
In October 2023, Italian delivery company BRT launched a new service specializing in fresh food products.In December 2022, Oda, a significant player in the European online grocery delivery market with operations in Norway, Finland, and Germany, declared a successful equity funding round, raising an impressive 1.5 billion Norwegian crowns.
December 2022, Hamburg-based Circus secured €11 million in funding to drive a significant transformation within the food delivery industry.
Platform Type: Market has been covered from 2 viewpoints
- Mobile Applications
- Websites
Business Model: Market has been covered from 3 viewpoints
- Order Focused Food Delivery System
- Logistics Based Food Delivery System
- Full-Service Food Delivery System
Payment Method- Market has been covered from 2 viewpoints
- Online Payment
- Cash on Delivery
Country: Market has been covered from 6 viewpoints
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
All companies have been covered into 4 viewpoints
- Overviews
- Recent Developments & Strategies
- Product Portfolio & Product Launch in Last 1 Year
- Revenue
Key Players Analysis
- Delivery Hero SE
- Grab Holdings Inc.
- Uber Technologies Inc.
- Roofoods Ltd (Deliveroo)
- Yum! Brands Inc.
- DoorDash Inc.
- Zomato Ltd.
- Keventer
- Miraj Group
- Vadilal
- Brillar
- Kawaan
- Swaad
Table of Contents
Companies Mentioned
- Delivery Hero SE
- Grab Holdings Inc.
- Uber Technologies Inc.
- Roofoods Ltd (Deliveroo)
- Yum! Brands Inc.
- DoorDash Inc.
- Zomato Ltd.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 105 |
Published | July 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 26.77 Billion |
Forecasted Market Value ( USD | $ 62.59 Billion |
Compound Annual Growth Rate | 9.9% |
Regions Covered | Europe |
No. of Companies Mentioned | 7 |