xr:d:DAFiaypMROY:33,j:5432947996,t:23052509


Europe Online Food Delivery Market: Growth Projections and Key Insights (2024-2032)

The Europe online food delivery market is set for substantial growth, expanding from US$62.59 billion in 2023 to US$141.87 billion by 2032. This reflects a robust compound annual growth rate (CAGR) of 9.9% from 2024 to 2032. Key factors driving this growth include urban population density, shifting consumer preferences for convenience, and advancements in delivery technology and mobile apps.

Market Overview

Online food delivery allows consumers to order meals from restaurants or food retailers via websites or mobile apps, offering convenience with home or office deliveries. The evolution of food delivery in Europe has transitioned from traditional telephone orders to digital platforms. Aggregators like Just Eat or Takeaway.com and logistics-based platforms such as Uber Eats, Deliveroo, and Glovo offer a variety of dining options across multiple restaurants, driving growth in the sector.

Key Market Drivers

1. Urbanization and Changing Lifestyles

The fast-paced lifestyle in urban Europe has increased the reliance on convenient food options. Online food delivery suits working professionals and dual-income households with limited time for cooking, making it an essential part of city life. Delivery platforms are responding to this by offering diverse menus, catering to the unique tastes of Europe’s metropolitan areas.

2. Hectic Lifestyles and Dual-Income Households

As dual-income households rise across Europe, the demand for quick meal solutions is increasing. Online food platforms are providing a wide range of meal options tailored to busy lifestyles, offering convenience while accommodating modern consumers’ time constraints.

3. Investment in Logistics and Delivery Networks

Significant investments in logistics and delivery networks have improved the efficiency and reliability of food deliveries across Europe. Improved supply chains, advanced technologies, and optimized delivery routes are ensuring faster deliveries and expanding the reach of platforms, especially in suburban and rural areas.

Key Regional Market: Germany

The German online food delivery market has seen significant growth, driven by changing consumer habits and technological innovations. Leading platforms such as Lieferando, Uber Eats, and Wolt dominate the market, offering quick deliveries and a variety of cuisines. Companies are also addressing the increasing demand for healthier options and eco-friendly packaging, responding to a growing trend of sustainability in Germany.

Leading Companies and Recent Developments

Key players in the European market include:

  • Delivery Hero SE
  • Grab Holdings Inc.
  • Uber Technologies Inc.
  • Roofoods Ltd (Deliveroo)
  • Yum! Brands Inc.
  • DoorDash Inc.
  • Zomato Ltd.

Recent Developments:

  • October 2023: BRT launched a specialized fresh food delivery service in Italy, expanding consumer options.
  • December 2022: Oda secured 1.5 billion Norwegian crowns to support its operations in Norway, Finland, and Germany.
  • December 2022: Circus, a Hamburg-based startup, raised €11 million to drive innovations in the food delivery sector.

Market Segmentation

Platform Type:

  1. Mobile Applications
  2. Websites

Business Model:

  1. Order Focused Food Delivery System
  2. Logistics Based Food Delivery System
  3. Full-Service Food Delivery System

Payment Method:

  1. Online Payment
  2. Cash on Delivery

Country:

  1. Germany
  2. France
  3. United Kingdom
  4. Italy
  5. Spain
  6. Others

Competitive Landscape: Key Player Analysis

All major companies in the sector are analyzed across four areas:

  1. Overviews
  2. Recent Developments & Strategies
  3. Product Portfolio & Product Launches
  4. Revenue

Conclusion

The Europe online food delivery market is poised for robust growth over the next decade, driven by urbanization, changing consumer habits, and continued investment in logistics and technology. Companies that innovate and respond to evolving consumer demands will thrive in this dynamic landscape.


Media Contact:

Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone: +1-478-202-3244 | +91-120-421-9822 (IND)
Address: 225 Kristie Ln, Roswell, GA 30076
Email: info@renub.com
LinkedIn: Renub Research
Website: www.renub.com

4o

Comments are disabled.