Pune, India -- (SBWIRE) -- 06/26/2020 -- Food delivery service enables the consumer to place food orders via the internet from a chosen food outlet. This can either be done by ordering directly from the website or by using a smartphone application. The development of new food delivery system was a efficient addition, that not only lowered long waits but also lessened the waiting period for the ordered delivery of food. The online food delivery system was already adopted all over the world and its performance was relatively good. The industry's key players have relied on collaborations and acquisitions as the key strategies to boost their overall market growth. Substantial funding in the food delivery ecosystem space offers broad avenues for expansion of the market. Additionally, various changes in user preferences is further contributing to the effective market growth.

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The international food delivery services market is fuelled by an increase in internet penetration along with a rise in the population as well as growth of the overall food & beverage industry. The food delivery services marketplace is also complemented by increasing reliance on mobile phones. However, the reluctance of large food outlets to implement this program along with the potential technological and infrastructural challenges hinders this market's growth. In addition, too much rivalry and less number of loyal customers also pose a challenge to the overall growth. Infrastructural developments as well as technological breakthroughs are predicted to augment the market growth over the foreseeable years, specifically in the emerging economies. Risen smartphone usage along with increased internet penetration is rapidly leading to market growth. The growth of the overall food delivery service industry that enables consumers to order food from an assortment of restaurants is playing a crucial role in pumping the market development.

Over the past few years, the expansion of delivery companies such as Uber, Swiggy, Zomato, etc. has further contributed to the growth of the market.

Apart from the aforementioned factors, the rising growth in the number of dual income families, increasing consumer spending, changing lifestyle as well as fluctuating eating patterns is projected to favor the market growth in the near future. In addition, the rising demand for fast food access at affordable prices is also fuelling the rise. Food delivery providers offer various benefits which include competitive discounts, incentives and cashback deals, doorstep delivery and various payment choices. In addition, food service providers are building large warehouses to stock up fresh produce to offer high-quality food and promote the acceptance of digital delivery services.

The global food delivery services market is segmented on the basis of product type, Channel Type and geography. Based on the product type, the global market is bifurcated into restaurant-to-consumer and platform-to-consumer. On the basis of channel type, the global food delivery services market is segmented into Mobile Applications, Websites/Desktop. Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa (MEA).

Some of the major players operating within the global food delivery services industry include DoorDash, Foodpanda, Takeaway.com, Just Eat Holding Limited, Deliveroo, Swiggy, Uber Technologies Inc. and Grub Hub among others.

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Major Point of TOC:
Chapter One: Market Introduction
Chapter Two: Executive Summary
Chapter Three: Global Food Delivery Services Market – Key Product Type Dynamics
Chapter Four: Global Food Delivery Services Market – Analysis and Revenue Forecast, 2015-2025 – By Product Type
Chapter Five: Global Food Delivery Services Market – Analysis and Revenue Forecast, 2015-2025 – By Channel Type
Chapter Six: Global Food Delivery Services Market – Analysis and Revenue Forecast, 2015-2025 – By Region
Chapter Seven: North America Food Delivery Services Market – Analysis and Revenue Forecast, 2015-2025
Chapter Eight: Europe Food Delivery Services Market – Analysis and Revenue Forecast, 2015-2025
Chapter Nine: Asia-Pacific Food Delivery Services Market – Analysis and Revenue Forecast, 2015-2025
Chapter Ten: Latin America Food Delivery Services Market – Analysis and Revenue Forecast, 2015-2025
Chapter Eleven: Middle East & Africa Food Delivery Services Market – Analysis and Revenue Forecast, 2015-2025
Chapter Twelve: Competitive Analysis
Chapter Thirteen: Appendix
Chapter Fourteen: Research Conclusions

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Note: Our report does take into account the impact of coronavirus pandemic and dedicates qualitative as well as quantitative sections of information within the report that emphasizes the impact of COVID-19.
As this pandemic is ongoing and leading to dynamic shifts in stocks and businesses worldwide, we take into account the current condition and forecast the market data taking into consideration the micro and macroeconomic factors that will be affected by the pandemic.