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US Online Food Delivery Market Size to Grow at a CAGR of 11.80% with USD 958.5 Billion by 2032

Apr 22, 2024 7:00 PM ET

US Online Food Delivery Market Size to Grow at a CAGR of 11.80% with USD 958.5 Billion by 2032

United States Online Food Delivery Market:

The online food delivery market refers to the industry that facilitates the delivery of food from restaurants or grocery stores to customers’ homes or offices through online platforms or mobile applications. It has experienced significant growth in recent years, driven by factors such as increased internet usage, smartphone accessibility, improved food courier logistics, and evolving consumer lifestyles.

The United States online food delivery market is projected to grow from USD 392.6 Billion in 2023 to USD 958.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.80% during the forecast period (2024 – 2032). 

Key Players: 

Several companies are prominent in the United States online food delivery market.

  • Grubhub
  • Doordas
  • Uber Eats
  • Postmates
  • Domino’s Pizza Inc.
  • Kroger Co.
  • Blue Apron Holdings
  • HelloFresh

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Key Factors Driving Market Growth:

Changing consumer preferences for eating at home and convenience-driven lifestyles.

Increasing adoption of smartphones and high-speed internet, making it more convenient for consumers to access online food delivery platforms. 

Technological advancements in the industry, such as user-friendly interfaces, personalized suggestions, effective tracking, and GPS technology.

COVID-19 pandemic-induced demand, as millions of people in lockdown ordered food online for the first time.

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Market Structure: 

The online food delivery market consists of two main delivery service solutions: meal delivery and grocery delivery. Meal delivery services focus on delivering prepared meals, while grocery delivery services involve ordering groceries online.

United States Online Food Delivery Market Segmentation:

Online Food Delivery Platform Type Outlook

  • Mobile Applications
  • Websites

Online Food Delivery Business Model Outlook

  • Order Focused Food Delivery System
  • Logistics Based Food Delivery System
  • Full Service Food Delivery System

Online Food Delivery Payment Method Outlook

  • Online
  • Cash on Delivery

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In summary, the United States online food delivery market has experienced significant growth and is expected to continue expanding in the future. Factors such as changing consumer preferences, technological advancements, and the COVID-19 pandemic have contributed to the market’s growth. 

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