Technological advances and changing consumer preferences fuel growth

DUBLIN, March 11, 2024 /PRNewswire/ — The “US Online Food Delivery Market Report by Platform Type, Business Model, Payment Method and Region 2024-2032” report has been added to ResearchAndMarkets.com offer.

United States Online Food Delivery Market Size Reached US$29.1 billion in 2023 and is expected to reach US$68.6 billion by 2032, showing a growth rate (CAGR) of 10% over the period 2023-2032

Changing consumer preferences for dining at home, increasing adoption of convenience-oriented lifestyles, significant technological advancements in the industry, and demand driven by the COVID-19 pandemic are among the key factors driving market growth.

Online food delivery is the process of ordering and receiving food products through digital platforms, usually facilitated by dedicated websites or mobile applications. Customers can browse menus, select dishes and place orders from a variety of restaurants and restaurants. The orders are then forwarded to the respective restaurants, who prepare the dishes and package them for delivery. Delivery personnel, often called couriers, transport orders to locations specified by customers. This convenience-focused service has gained popularity due to its accessibility, ease of use, and the ability to enjoy restaurant-quality meals in the comfort of one’s surroundings.

The growing penetration of smartphones and high-speed Internet in United States has made it easier for consumers to access online food delivery platforms, browse menus and place orders effortlessly, which is mainly driving the market growth. Additionally, changing lifestyles of busy people have driven the demand for convenient dining solutions, making online food delivery an attractive option.

United States The online food delivery market is marked by intense competition among different players that encompass a wide range of participants. Notably, third-party aggregator platforms hold substantial market share, leveraging their extensive restaurant partner networks to offer customers a wide range of dining options.

The story continues

These platforms compete fiercely with strategies such as offering promotional offers, loyalty programs, and user-friendly interfaces to attract and retain customers. Apart from this, restaurant chains are entering the scene with proprietary delivery apps, aiming to establish a direct connection with their customers and reduce their dependence on third-party services. Additionally, grocery delivery services and local delivery startups are diversifying the competition, providing convenience beyond restaurant meals.

Additionally, the COVID-19 pandemic has enhanced market growth as lockdowns and social distancing measures have led to a shift towards at-home dining experiences. Additionally, the online availability of various culinary choices from local restaurants, national chains, and international cuisines on these platforms contributes to the growing popularity of online food delivery. Additionally, in-depth collaborations between delivery platforms and restaurants to offer exclusive offers, discounts, and seamless payment options have enhanced the overall customer experience, driving sustained growth in the online food delivery market .

US Online Food Delivery Market Trends/Drivers

Technological advances

The proliferation of smartphones, coupled with widespread access to high-speed internet, has fundamentally changed consumer behavior and transformed the food delivery landscape. Additionally, the convenience of ordering meals through a mobile app has contributed significantly to the popularity of the market.

Additionally, user-friendly interfaces, personalized recommendations, and effective tracking systems have improved the overall customer experience, thereby creating positive prospects for market expansion. Apart from this, the integration of global positioning system (GPS) technology enabling real-time tracking of the progress of deliveries, instilling a sense of transparency and reliability in the process, contributes to the expansion of the walk. The tech-savvy nature of modern consumers has enabled the seamless integration of online food delivery platforms into their daily routines, thereby boosting the market growth.

Changing consumer preferences

Changing lifestyles of individuals characterized by busy schedules, dual-income households and emphasis on convenience have driven the demand for time and effort-saving dining solutions. Online food delivery meets this demand by offering a wide variety of culinary options accessible from the comfort of one’s home or workplace.

This trend has been further amplified by the COVID-19 pandemic, which has forced a significant portion of the population to work and dine at home. Lockdown and social distancing measures have accelerated the adoption of online food delivery, leading to a sustained increase in demand. As consumers prioritize safety, the contactless nature of online ordering and payments has become an attractive feature, in line with today’s health-conscious mindset.

Key questions answered in this report

• How big was United States online food delivery market in 2023?

• What is the expected growth rate of United States online food delivery market between 2024 and 2032?

• What are the key factors that determine United States online food delivery market?

• How has COVID-19 impacted United States online food delivery market?

• What is the break of United States online food delivery market based on platform type?

• What is the break of United States Online Food Delivery Market Based on Business Model?

• What is the break of United States online food delivery market based on payment method?

• What are the key regions of United States online food delivery market?

United States Online Food Delivery Industry Segmentation:

Breakdown by platform type:

• Mobile apps

• Websites

Breakdown by economic model:

• Order-driven food delivery system

• Logistics based food delivery system

• Full-service food delivery system

Breakdown by payment method:

Distribution by region:

• Northeast

• Midwest

• South

• West

For more information about this report, visit https://www.researchandmarkets.com/r/dv2hyd

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