According to the latest report by IMARC Group, titled, “United States Online Food Delivery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, the United States online food delivery market size reached US$ 26.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 46.5 Billion by 2028, exhibiting a growth rate (CAGR) of 10% during 2023-2028. Online food delivery represents the process of ordering food from a food service provider by using a mobile application or webpage. These applications and web pages offer filters and paying methods, such as, net banking, prepaid cards, cash on delivery, etc., catering to the requirements of users. In line with this, online food delivery companies provide consumers with a wide variety of food items available on their smartphones and the convenience of getting the food delivered at their doorsteps. They offer various benefits, including less hassle, easy and fast ordering, fewer misunderstandings and miscommunication, minimum human interaction, several cashback offers, etc. Consequently, online food delivery is gaining extensive traction in the United States, particularly among the millennial population.
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United States Online Food Delivery Market Growth:
The growing penetration of high-speed internet is primarily driving the United States online food delivery market. Additionally, the increasing consumer inclination towards multi-ethnic cuisines and their easy availability on such applications are further catalyzing the market growth. Besides this, the emerging trend of on-the-go food consumption patterns and the widespread adoption of quick home delivery models that offer readily available meals, convenience, cost-effective food delivery options, etc., are acting as significant growth-inducing factors. Moreover, the rising integration of artificial intelligence (AI) and other advanced technology by online food delivery platforms that provide a reduction in errors and labor expenses, increased convenience for the guest, enhanced accuracy of online ordering, simpler order processing, etc., is also augmenting the market growth across the country. Apart from this, the elevating investments in promotional activities are anticipated to fuel the United States online food delivery market over the forecasted period.
Key Market Segmentation:
Breakup by Platform Type:
- Mobile Applications
- Websites
Breakup by Business Model:
- Order Focused Food Delivery System
- Logistics Based Food Delivery System
- Full Service Food Delivery System
Breakup by Payment Method:
- Online
- Cash on Delivery
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the market has been examined in the report, along with the detailed profiles of the key players operating in the market.
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
