At the intersection of Grocerant
Ready-2-Eat and Heat-N-Eat fresh food is where consumers are finding
incremental comfort with food delivery according to Steven Johnson Grocerant Guru®
at Tacoma, WA based Foodservice Solutions®.
Regular readers of this blog know that
consumers like fresh prepared meal deliver and they do not care if it is a Domino’s
driver or a third party employee driving the car they want meals and meal
components when they what them and they want the fast of reliable if scheduled
according to Johnson.
Wondering just how big food delivery is
getting? Well according to data presented by TradingPlatforms.com, more
than 2.85 billion people will use online food delivery services in 2023 or 350
million more than a year ago.
So, the arrival of appealing,
user-friendly apps and tech-enabled driver networks, coupled with changing
consumer expectations, has turned food delivery into an almost one trillion
dollars industry. After, COVID-19 hit,
food delivery became a lifeline for the hurting restaurant industry. However,
many consumers use the service for buying groceries, helping the total number
of users to double in four years.
Now then according to Statista Digital
Market Insight, in 2019, around 1.37 billion people worldwide used online food
delivery. By the end of 2021, this figure jumped to 2.31 billion and continued
rising. Last year, more than 2.5 billion people worldwide used food delivery
services, but Statista expects this number to increase by 350 million and hit
2.85 billion this year. By 2027, the entire market will count more than 3.8
billion users.
When it comes to adopting technology,
Asia leads the world. Due mainly to its high population, the Asia Pacific
remains, by far, the largest online food delivery market, accounting for nearly
two-thirds of all users worldwide. Last year, over 1.6 billion people from the
region used food delivery services. This figure is expected to grow by more
than 50% to 2.45 billion by 2027. The European and American markets are set to
experience similar growth in this period, while the number of food delivery
users in Africa would almost double.
Now the rising number of people using
online food delivery services continues driving impressive revenue growth.
Between 2019 and 2022, global food delivery revenues jumped by an impressive
133% and hit $770bn. Statista expects 2023 to witness a 20% year-over-year
growth, with revenue rising to $910bn.
However, the entire market is set to
reach a new benchmark in 2024, becoming a one-trillion dollars industry.
Statista data show more than one-third of
total revenue in 2023, or $354bn, comes from China, the world`s top-grossing
food delivery market. The United States follows, with $231.3bn in online food
delivery revenue. Far behind, the United Kingdom, South Korea, and Japan
follow, with $39bn, $38.3bn, and $35.2bn in revenue, respectively. Statista
expects the two largest markets to make nearly two-thirds of global online food
delivery revenues by 2027.
Foodservice Solutions® specializes in outsourced business
development. We can help you identify, quantify and qualify additional food
retail segment opportunities or a new menu product segment and brand and menu
integration strategy. Foodservice Solutions® of Tacoma WA is the global leader in the Grocerant niche visit
us on our social media sites by clicking one of the following links: Facebook, LinkedIn, or Twitter
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