Food Delivery Mobile Application Market Research Report

Food Delivery Mobile Application Market Synopsis

The Food Delivery Mobile Application Market Size amounted to USD 22.3 Billion in 2023 and is Forecasted to Touch USD 183. 4 Billion in 2032 and grow at a CAGR of 30.1% From 2024-2032.

Making the Food Delivery Mobile Application is the way for restaurants, franchisees, and other food-selling proprietors to do their work smoothly. The platform enables customers to do it faster and more conveniently by aggregating all the choices in one singular mobile online portal. Starting with telephone delivery orders and takeaway counters and eventually moving to websites and mobile applications- food delivery has come a long way. The food delivery mobile app presents clients with a central interface where they can access all sorts of restaurants in one place. This allows them to compare menus, prices, deals, and reviews of customers.

With the advent of smartphones, which perform rudimentary tasks, cooking has become more accessible through this medium. A new strategy to attract customers has been employed by restaurants, food service businesses, grocery owners, and franchises through smartphone applications.

Increasing investments in digitalization, partnerships, and collaborations among application developers with restaurants will be highly promising as the market is expected to grow.

Rise of the instant and convenient food delivery options is the prime driver of the market’s growth. The growth of smartphone usage and the accessibility of cheap internet service has also fuelled the growth of the global food delivery mobile applications market. Moreover, the market is also being pushed by the intensifying online food delivery companies as well as the increasing popularity of health-conscious food.

Food Delivery Mobile Application Market Trend Analysis

Global Rise in Internet Penetration

• Internet permeation is a major force catalyzing the growth of the food delivery mobile app market, especially in developing economies such as Brazil, India China, etc. The use of the Internet as the primary medium of communication such as smartphones, tablets, and computers has gone up recently. The Internet facilitates convenient and economical access to restaurants and franchise opportunities. In addition, there has been a huge rise in the number of online buyers due to e-commerce sector development, wide product range, superb services delivered by vendors, and attractive discounts offered exclusively by online businesses. On the other hand, network providers offer a range of Internet-related services and plans that are inexpensive enough for developing or underdeveloped nations to access.

Rise in the adoption of Smartphone

• Food delivery mobile application providers are penetrating the market by introducing their products on smartphones, one of the most effective mobile communication devices available. It offers food delivery services from the nearby restaurants, hotels, or branches through an app, where they can install it. Smartphones have become a major player in the global demand due to technological improvements and declining prices. Consequently, there has been a high level of cooperation between the restaurant owners with the mobile developers to create applications that support delivery of food through multiple platforms like IOS, Windows, and Android..

Food Delivery Mobile Application Market Segment Analysis:

Food Delivery Mobile Application Market Segmented based on Deployment Type, and End Users.

By Deployment Type, Android segment is expected to dominate the market during the forecast period

• Android segment was leading in types of deployment with 80% of market share. The greatest penetration rate and user base belong to Android. Companies tend to constantly innovate their applications, introducing new features, interfaces, and offers, as is often the case with apps designed for Android users. These are the driving forces of the segment market's expansion.
• The iOS market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4. 7% over the period of the forecast. The growth of market share for this segment is forecasted to be driven by the introduction of iOS-exclusive food delivery apps and an increase in penetration rate on the forecast horizon..

By End Users, Food Ordering Market Places segment held the largest share of in 2023

• In 2022, food ordering marketplaces used by customers have been estimated at 56% market share. Nearly all hotels, restaurants, and other institutions are the regular food ordering marketplaces visitors. The application of such technology is financially unfeasible for hotels, restaurants, and other establishments of the similar level. This component has the biggest number of members who serve as a middleman between restaurants and the customers. This element is the driving force for the segment to grow.
• It is predicted that the restaurant industry will grow at a CAGR of 2. 3% in the forecasted time period. Almost all of the large restaurant chains have their own mobile apps for online food delivery. The number of restaurants that are chains is rapidly growing. Market growth is expected to be fueled by these factors across the forecast period..

Food Delivery Mobile Application Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• Asia-Pacific region was leading the market of food delivery apps in 2022 and will have tremendous growth in the projected period as countries like China, India, Japan and Australia are the leading the way. The Asia-Pacific market is saturated by a lot of international and domestic food service providers, including Zomato, Foodpanda, Waimei Baidu, and others. This is associated with rising of smartphone usage which resulted to growing of efficient food delivery models..

Active Key Players in the Food Delivery Mobile Application Market

• goPuff
• Foodler Inc.
• Grubhub Inc.
• Seamless North America LLC
• Munchery Inc.
• 6. Postmates
• 7. BeyondMenu
• OLO
• DoorDash Inc.
• Delivery.com LLC
• Instacart
• Swiggy
• UberEats
• Foodpanda
• Zomato
• Faasos
• Dunzo
• Domino’s
• Potafo
• Pizza Hut
• Scootsy
• Google Inc.
• Mendix
• Red Hat, Inc.
• SAP SE
• Zoho Corporation Pvt. Ltd.
• Other Key Players

Key Industry Developments in the Food Delivery Mobile Application Market:

• In April 2024, Uber Eats partnered with Waymo to provide autonomous rides in Phoenix. Uber Eats also launched deliveries via Waymo self-driving vehicles. Additionally, Uber and Waymo are working with select merchants in the area, including local favorites like Princess Pita, Filiberto’s, and Bosa Donuts.
• In April 2024, Zomato launched a "large order fleet" to handle orders for groups of people or events. This was claimed to be an all-electric fleet explicitly designed to serve orders for a gathering of up to 50 people.