Online Food Ordering System Market size is projected to reach $99,725.97 million units by 2026 from an estimated USD 23,539.40 million units in 2019, growing at a CAGR of 15.4% globally.
Owners of restaurants and food delivery systems are searching for ways to boost the overall customer experience. Due to the fast pace of life, a substantial portion of the population is currently unable to cook meals or even find time to eat at a restaurant. This is why restaurants are more likely to give customers the option of ordering food online. Online food ordering has become a major part of the restaurant industry, and creative methods are now needed to stay competitive.
The development of user-friendly applications is driving the global online food ordering system market. The idea of ordering food online has taken off all over the world. The growing global penetration of smartphones and internet connectivity, which has increased the opportunities for fast and convenient food delivery, is one of the major factors driving industry growth. Online food ordering is a service that offers a digital platform for customers to order food over the internet through a website or app. By registering and maintaining customer accounts, these sites make the process of ordering food simple and convenient.
The Online Food Ordering System Market is segmented by Product Type (Restaurant-controlled, Independent), by Application (B2B, B2C, Others). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings From The Report Suggest
- Pizza now accounts for 60% of all food orders, due to the growth of online platforms and smartphones. The global food ordering industry has benefited from the evolution of food ordering apps. In the United States, 50 percent of people who order food for delivery choose to use food delivery software.
- COVID-19 has moved the industry forward when millions of people in lockdown for the first time ordered food online. Although the increase in demand will subside once things return to normal, food distribution companies expect it to have a long-term effect.
- Food distribution has grown substantially, thanks to platform-to-consumer platforms such as DoorDash and Uber Eats, which have added billions of dollars in potential revenue growth.
Key Participants like 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.
For this report, Introspective Market Research have segmented the Online Food Ordering System market on the basis of Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2019-2026)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM