China Online Food Delivery Services Market Outlook
China Online Food Delivery Services Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024
Report Code :HC 1335
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china Online Food Delivery Services Market Size (USD Million) & Growth Analysis china Online Food Delivery Services Market Size (USD Million)-2016-2024 XX
XX
XX
XX
XX XX
XX
XX 2016e
2017e
Source: Goldstein Research
XX
m a S
XX
XX
XX
2018f
2019f
2020f
e l p
XX
2021f
XX
2022f
XX
2023f
XX
2024f
China Online Food Delivery Services Market
is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. At the same time, both brands and retailers can adjust their strategy to profit from the growing trend of consumers substituting out-of-home consumption for at-home cooking. Food and beverage companies can advance by serving business-to-business (B2B) customers such as restaurants and bars. All retailers can revamp store designs to accommodate the huge need for on-the-go packaging, ready-to-eat products and delivery. While the online food delivery market has seen rapid expansion, there is still room for businesses to grow as food delivery accounts for a relatively small portion of the total catering industry. One of the growth points for food delivery came from smaller cities, which have seen faster expansion in orders compared with major cities. china booming online catering market was also boosted the popularity of mobile payment. Averagely XX percent of consumers in North America and Europe paid for food via smartphones. The food delivery market research report contains a comprehensive and vendor landscape in addition to a SWOT analysis of the key vendors.
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china Online Food Delivery Services Market Outlook china Online Food Delivery Services Market Share(%), By Region-2016-2024
china Online Food Delivery Services Market Size USD (Million). 2016-2024 XX XX
XX% CAGR: (2016-2024)
XX XX
XX
XX
XX
XX
XX
XX
XX
XX
7.0022.0 7.00 %%20160% 36.0 28.0 0% 0%
XX
XX XX
Asia Pacific
XX 2016e 2017e 2018f
Source: Goldstein Research
2019f
m a S 2020f
2021f
2022f
2023f
Full Service Food Delivery System accounted for the highest market share In 2016,
6.8622.55 7.84 %% %
XX% in china Online Food Delivery Services market
2024f
e l p 2024
34.31 %
North America
Europe
28.43 % Latin America
Middle East and Africa
Source: Goldstein Research
With
XX% share in 2016, North
America dominated the china Online Food
china Online Food Delivery Services china Online Food Delivery Services Market Share(%), By Business Market Share (%), By Platform Type2016 Model- 2016
Delivery Services market
china Online Food Delivery Services Market Share (%), By Food Source2016
Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/china-online-food-delivery-services-indu stry-size-market-analysis Similar Report: Food Service Market
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china Online Food Delivery Services Market Outlook : 2016-2024 china Online Food Delivery Services Market Share (%), By Business Model, 2016-2024
On the basis of business model, logistic based food delivery system accounted for larger market share of XX% in 2017. Logistic based food ordering system has proven results of higher EBITDA as compared other Order Focused 24.27% Food Delivery type of business models. This has System XX% 38.83% been even beneficial to restaurants which do not have their own XX% 2024 Logistics 2016 established delivery system. Full Focused Food Delivery System service food ordering system is a flourishing business model type, XX% 36.89% which is beneficial for small scale Full Service Food Delivery and independent restaurants that System have their own kitchen and logistics. Over the forecast period full service food ordering system is Source: Goldstein Research china Online Food Delivery Services Market Y-O-Y Growth, By expected to grow at a CAGR of XX%.
m a S
Crumb Rubber, 2016-2024
XX%
XX%
XX%
2016e
2017e
2018f
XX%
2019f
XX%
XX%
XX%
XX%
2020f
2021f
2022f
2023f
e l p
The advancement of technology has widened the scope of food delivery services with the support of software solutions. The rising millennial population, increasing penetration of internet and smartphones and the increased space for restaurants and food outlets to grow their customer base through online portals is driving the expansion of china online food delivery market.
XX%
2024f
Source: Goldstein Research
china Online Food Delivery Services Market Size (USD Million), By Product Type-2016-2024 XX XX
XX XX
XX
XX
2016 Logistics Focused Food Delivery System
2024 Order Focused Food Delivery System2
Full Service Food Delivery System
Source: Goldstein Research
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china Online Food Delivery Services Market Outlook By Logistics Focused Food Delivery System : 2016-2024 china Online Food Delivery Services Market Size (USD Million), By Logistics Focused Food Delivery System, 2016-2024 For traditional food delivery services, customers usually call specific restaurants directly to make an order, and the food is delivered by the restaurant. The new O2O (Online to Offline) food delivery platforms in across eh globe have their delivery team and charge restaurants service fees. This saves time and delivery cost for restaurants. Currently, the china average delivery cost is only XX% to XX% compared with the US.
XX XX XX XX
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XX
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XX
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XX
XX XX XX 2016e
2017e
m a S
2018f
2019f
2020f
2021f
2022f
2023f
Source: Goldstein Research
e l p
2024f
Until the end of 2015, online food china Online Food Delivery Services Market Y-O-Y Growth, By delivery service has two major user groups. About XX% of online food Logistics Focused Food Delivery System, 2016-2024 delivery app users are white collars, and XX% are students. As the largest consumer group, most white 25.00% 23.50% 23.00% 22.50% 21.85% collar users are millennials with 20.80% 20.48% 20.15% 19.40% average age 27.7 years old. About XX% of them are below 24-year-old, and XX% are between 25 to 30 years old. 2016e
2017e
2018f
2019f
2020f
2021f
2022f
2023f
2024f
Source: Goldstein Research
china Demographic Breakdown for Online Food Delivery Age Distribution (%)
Gender Distribution (%)
XX%
XX%
18-24
25-34
XX%
XX% XX%
35-44
XX%
45-54
55+ XX%
Source: Goldstein Research
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china Online Food Delivery Services Market Attractiveness and BPS Analysis by Business Model, 2016-2024 china Online Food Delivery Services Market Attractiveness-By Business Model, 2016-2024 7.00% 6.00%
CAGR (%)
5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 0.0
1.0
2.0
3.0
4.0
e l p 5.0
Market Size (USD Million) Logistics Focused Food Delivery System
Order Focused Food Delivery System Source: Goldstein Research
m a S
6.0
7.0
Full Service Food Delivery System
Water based adhesive segment holds the largest revenue share in the china Online Food Delivery Services market as this segment constitutes which is impacted by the rising cognizance among the household users and thus it is likely to expand at XX% CAGR during the forecast period. china Online Food Delivery Services market is relying on the adoption of EHR (Electronic health record) software by various healthcare facility providers in order to stand ahead in future. Behavioral health EHR creates a world of difference to the staff and patients and goes the extra mile giving advanced capabilities such as it include support for documenting violence risk factors, suicide risk factors, or sadness scales.
china Online Food Delivery Services Market BPS Analysis- By Product Type, 2016-2024 XX% XX% XX% XX% XX%
XX%
Full Service Food Delivery System
Order Focused Food Delivery System2
XX%
38.00%
33.00%
XX% XX%
XX%
Logistics Focused Food Delivery System
XX% XX%
25.00%
25.00%
2016
2024
XX%
Source: Goldstein Research
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North America Online Food Delivery Market Size (USD Million) & Y-O-Y growth (%), By Region- 20162024 North America Online Food Delivery Market Size (USD Million)-2016-2024
XX% XX
XX%
XX XX
CAGR: (2016-2024)
XX XX
XX
XX
XX%
XX XX
XX
e l p XX% XX%
XX
XX%
XX XX
XX%
XX
XX
XX%
XX%
XX XX XX 2016e
2017e
Source: Goldstein Research
XX%
XX%
XX%
XX%
2019f
North America North America Online Food Delivery Market Size (USD Millions), By Country2016-2024
2020f
XX% XX%
m a S 2018f
XX%
XX%
2021f
XX% XX% XX%
2022f
2023f
North America Online Food Delivery Market Size (USD Million), By Business Models -2016-2024
XX
XX%
XX
XX
XX%
XX
XX
XX%
XX
XX
XX
XX% XX
XX% XX% XX%
2016
XX% 2016
2024
2024
Logistics Focused Food Delivery System Order Focused Food Delivery System2
US
Canada
Source: Goldstein Research
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Full Service Food Delivery System
Source: Goldstein Research
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XX
United States Online Food Delivery Market Size (USD Million) & Y-O-Y growth (%), 2016-2024 United States Online Food Delivery Market Size (USD Million), Compound Annual Growth Rate (%), Y-O-Y Growth Rate (%), 2016-2024 XX% XX
XX
XX
XX
XX XX
XX
XX XX XX
XX%
XX XX XX 2016e
XX%
XX%
XX%
m a S XX%
2017e
XX%
XX
CAGR: (2016-2024)
XX XX
XX
XX%
XX
2018f
2019f
2020f
Source: Goldstein Research
The heaviest flurries of first fundings took place between 2012 and 2013, and between 2014 and 2015, periods in which notable companies like Instacart and Blue Apron received their first equity financings. However, 2017 year-to-date has seen only 3 new entrants, the lowest number across the time period, falling dramatically from the 12 seen in 2013.
Notable food delivery startups like DoorDash (USD 659M), and Postmates (USD 609M) quickly reached large valuations after their initial financings between 2011-2013, encouraging more new competitors to enter the market.
e l p 2021f
XX% XX% XX%
XX%
XX%
XX%
XX%
2022f
XX% XX% XX% XX%
2023f
Spending on restaurant takeout and delivery in the United States in 2015 (in billion U.S. dollars)
SPENDINGS
Key Insights
XX%
XX XX
XX XX XX XX
XX
XX
XX
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Source: Goldstein Research
There were a notable number of mergers, acquisitions, and deaths among food delivery companies that received first fundings since 2011. Kitchit, which first received equity funding in Q2’14, was already dead by Q2’16, and SpoonRocket was acquired by Brazil-based iFood after it was essentially no longer able to operate due to lack of funding. New York-based meal delivery service Maple ceased its operations and was acquired by Deliveroo in May 2017, less than 3 years after its first equity financing, and California-based Sprig shutdown in May 2017. Although UK-based, the most recent food delivery startup to shutdown was Jinn, which highlights that challenges in the food delivery space exist internationally. Copyright
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North America Online Food Delivery Market Attractiveness-By Country, 2016-2024 North America Online Food Delivery Market Attractiveness-By Country, 2016-2024 XX
XX
CAGR (%)
XX
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XX
XX XX
XX
XX
XX
XX
XX
XX
e l p m
Market Size (USD Million) Canada Source: Goldstein Research
United States
According to the above graph, US online food delivery market is anticipated to be the most attractive market across the region, for new entrants looking to enter in the market, existing players looking for business expansion and investors seeking investment opportunities over the forecast period i.e. 2016-2024 Google search volumes for online food delivery in Canada, which have increased by XXX% over the past 4 years. Similar trends exist in the US and Europe where e-commerce giants such as Amazon, Google and Uber are pushing into the online food delivery space. Mobile use has increased by XXX% over the past year as more and more Canadians reach for their phones rather than desktops when making an online order. "We expect to see a continuous rise in mobile usage in the future and diners demand for more diverse foods has meant that partner restaurants truly reflect the diverse and adventurous food scene that Canada is quickly adopting".
a S
North America North America Online Food Delivery Market BPS Analysis- By Country, 2016-2024 XX% XX%
30%
XX%
40% Canad a
XX% XX% XX% XX%
70%
XX%
US 60%
XX% XX% XX% 2016
2024
Source: Goldstein Research
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china Online Food Delivery Services Market Outlook
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