As per Renub Research's latest report titled "Europe Online Food Delivery Market Forecast Report by Platform Type (Mobile Applications, Websites), Business Model (Order Focused Food Delivery System, Logistics Based Food Delivery System, Full-Service Food Delivery System), Payment Method (Online Payment, Cash on Delivery), Country (Germany, France, United Kingdom, Italy, Spain, Others) and Company Analysis 2024-3032" Europe Online Food Delivery market is Forecasted to rise to USD 62.59 Billion by 2032 compared to USD 26.77 Billion in 2023, with a healthy CAGR of 9.9% from 2024 to 2032. In the past few years, trends in online food ordering in Europe have grown multiple folds. Online food delivery has evolved into an essential part of the metropolitan lifestyle in Europe. And that's why those delivery agents can be seen carrying the orders, riding their bikes, sporting their company T-shirts and a cap in Europe almost the entire day. Further, online food delivery is a process of ordering and delivering food items to the customers at their doorsteps who have ordered their food through various food delivery websites and applications by using their computers or smart phones. Based on channel type, the Europe online food delivery market for online food delivery services is split into Website and Application.
Besides, the Europe online food market is driven by a rise in internet penetration coupled with an expansion in the working population and a surge in the food beverage industry. The Europe online food delivery industry is also supplemented by growth in mobile phone dependence. Moreover, infrastructural improvements, and technological breakthroughs, especially in the European Countries, are expected to drive the development of the Europe online food market in the coming year.
COVID-19 impact on Europe's Online Food Delivery Market:
The Europe food delivery industry exploded during COVID-19. When restaurants shut their doors for in-person dining during the pandemic, consumers depended on mobile-first or online delivery services more than ever before. Moreover, millions of European people ordered food online in lockdown. The source of user-friendly apps, appealing, and tech-enabled driver networks, connected with changing consumer expectations, has unlocked ready-to-eat food delivery as an essential category. Physical distancing and lockdowns requirements early on in the pandemic gave Europe online food delivery a tremendous boost.
The restaurant-to-consumer delivery segment accounted for a significant market share:
By segments, the Europe online food delivery market is categorized into platform-to-consumer delivery and restaurant-to-consumer. In the restaurant-to-consumer delivery model, restaurants deal with the shipment aspect while the providers of online food delivery services manage the ordering process. The players operating with this model offer commitment and subscription programs to Europeans to penetrate the market. Integrating several restaurant chains with aggregators such as Glovo, Takeaway.com, Deliveroo, Uber Eats, and Just Eat Takeaway further drives the segment.
On the basis of payment methods, the online payment segment is to witness considerable growth. Online payment services include payments through net banking, payment portals, or credit/debit cards. The growing awareness of digital money among customers and the number of partnerships between online food delivery services providers and banks are responsible for augmenting the adoption of the online payment method in European countries.
The United Kingdom holds the most extensive online food delivery market:
In terms of countries, the UK is the largest individual country for food delivery in Europe. Takeaways food delivery app is a popular form of dining in Britain and an essential out-of-home foodservice market segment. As per Statista, UK households spend an average of around five British pounds per person per week on order food by online. Furthermore, UK-based platforms Just Eat and Deliveroo is two main players in the online food delivery industry. Both food delivery app act as an intermediary between restaurants and customers, providing an online platform for ordering meals delivered to the home in UK.
Key Companies:
The major players operating in the European online food delivery market include Just Eat, Delivery Hero,Deliveroo, Uber Eats, Dominos, and Doordash.
Market Summary:
- Segment- Europe Online Food Delivery Market has been covered from 2 viewpoints (Restaurants to customer delivery, Platform to customer delivery)
- Platform Type – This Report has been covered from 2 viewpoints (Website, Application)
- Payment Method – Our Report has been covered from 3 viewpoints (Cash on delivery, Online)
- Region - This Report covers by Region in the 5 viewpoints (Germany, United Kingdom, France, Italy and Russia)
- All the major players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Deliveroo, Just Eat, Delivery Hero, Uber Eats, Dominos, Doordash.
