According to the research report titled ‘Global Online Food Delivery Market (2021 Edition) - Analysis By Platform Type (Website, Application), Business Model, Payment Method (Online, Cash on Delivery), By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global online food delivery market was worth USD 107.26 billion in the year 2020 and is on track to record notable growth over the forecast period 2021-2026.

Smartphone users are major customers of online F&B delivery services, and an increase in the number of smartphone users shows a potential incline in the scope of global online food delivery market.

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With lockdown restrictions imposed during the COVID-19 pandemic still effective in certain regions, consumer preference is shifting towards high speed of delivery and convenience. Therefore, the demand for third-party online food delivery services is expected to surge in the upcoming years.

Despite the positive outlook, high delivery costs may act as an impediment to market growth despite the fact that the demand for home delivery of food orders has been consistently rising.

Based on platform type, global online food delivery market is split into website and application, while by payment method the industry classification comprises cash on delivery, and online.

Considering business model, the business vertical is arrayed into logistics-based food delivery system, order focused delivery system, and full-service food delivery system. Of these, order focused delivery system segment is slated to expand at a notable pace over 2021-2026, owing to constant expansion projects undertaken by businesses at both domestic and regional levels. 

On the regional front, Asia Pacific market is on track to register remarkable growth over the analysis period, owing to high consumer spending and fast paced urbanization. Countries such as China, India and Japan encapsulate enormous growth potential at the regional market level.

Major players in global online food delivery marketplace are Yum! Brands Inc., Delivery Hero SE, Just Eat Holding Ltd., Swiggy, Postmates Inc., Uber Technologies Inc. (Ubereats), Grubhub Inc., Meituan Inc., DoorDash Inc., and Dunzo Digital Pvt. Ltd.