Food Delivery Mobile Application Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

The food delivery mobile application market is expected to register a CAGR of 15.3% during 2023–2031. is likely to remain a key trend in the market.

Food Delivery Mobile Application Market Analysis

• The food delivery mobile application market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
• The food delivery mobile application market is growing owing to factors such as an increased focus on personalized marketing, the rise of virtual voice assistance, the huge growth of the food delivery industry and the rise of cloud kitchen businesses.
• Integration with advance technologies such as AI and ML to provide lucrative opportunities for the food delivery mobile application market.

Food Delivery Mobile Application Market Overview

• Food delivery apps are a type of restaurant delivery/ takeout software that connects customers with nearby eateries, supermarkets, convenience stores, and other businesses by giving them an easy way to purchase food that will be delivered right to their door.
• Food delivery apps showcase menu items and food choices from restaurants or merchants. Customers may purchase food and have it delivered right to their door through these third-party delivery services.
• In recent years, the global food delivery app market has expanded significantly and quickly. Companies of all sizes, from startups to multinational corporations, are using this strategy to expand their client base and enhance the level of quality of their offerings.

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Food Delivery Mobile Application Market: Strategic Insights

Food Delivery Mobile Application Market

• 
  CAGR (2023 - 2031)

  15.3%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Market Dynamics

GROWTH DRIVERS

• Increased focus on personalized marketing, the rise of virtual voice assistance, the huge growth of the food delivery industry and the rise of cloud kitchen businesses

FUTURE TRENDS

• Integration with advance technologies such as AI and ML

OPPORTUNITIES

• Integration with augmented reality (AR) and virtual reality (VR)

Key Players

• Microsoft Corporation
• Zoho Corporation Pvt Ltd
• IBM Corporation
• Mendix CA Inc
• Red Hat Inc
• Cognizant
• Apple Inc
• SAP SE
• Google Inc

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Component

• Software
• Services

Deployment

• Android
• IOS

End-User

• Food Delivery
• Restaurants

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Food Delivery Mobile Application Market Drivers and Opportunities

Rise Of Cloud Kitchens Businesses to Favor Market

• As the need for food delivery grows, cloud kitchens—also referred to as virtual kitchens or ghost kitchens, have become more and more popular.
• These kitchens are solely focused on fulfilling online orders, eliminating the need for dine-in spaces, and reducing overhead costs.
• Due to its ability to free up chefs and businesses to concentrate solely on cooking and delivery operations, these businesses are completely changing the restaurant sector.
• Only accepting online orders, Cloud Kitchen will accelerate order fulfilment. By enabling food delivery applications to function in various places without requiring a physical restaurant space, cloud kitchens can help them reach a wider audience. This may facilitate the expansion of the apps' businesses and increase revenue.

Rise of AI and Automation  

• In order to provide personalized recommendations that improve the user experience, AI and ML technologies examine the ordering history, preferences, and behavior of the user.
• AI systems are able to forecast which foods a user would probably like depending on their dietary restrictions and previous selections.
• Apps that serve food are integrating chatbots and virtual assistants powered by AI to offer smooth client service.
•  These AI-powered features give customers a quick and easy method to connect with the app by handling customer inquiries, processing orders, and addressing complaints. This strategy has the dual benefits of increasing customer happiness and simplifying corporate operations.

Food Delivery Mobile Application Market Report Segmentation Analysis

Key segments that contributed to the derivation of the food delivery mobile application market analysis are component, deployment, and end user.

• By component, the market is bifurcated into software and services.
• By deployment, the market is segmented into Android, IOS, and others.
• By end user, the market is segmented into food delivery, restaurants, and others.

Food Delivery Mobile Application Market Share Analysis by Geography

• The food delivery mobile application market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering food delivery mobile application market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the food delivery mobile application market in these regions.

Food Delivery Mobile Application Market Report Scope

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Food Delivery Mobile Application Market News and Recent Developments

The food delivery mobile application market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the food delivery mobile application market are listed below:

• On-demand convenience platform Swiggy announced the launch of ‘Eatlists’ - a 'global- first' feature in food delivery, to transform how users discover and share food recommendations. Swiggy's Eatlists feature will enable food enthusiasts to curate and share their favorite dishes directly within the Swiggy app. (Swiggy, Press Release, July 2024)
• Instacart partners with Uber to offer food delivery services to customers in the US. Instacart customers will now be able to use the grocery delivery platform's app to order from hundreds of thousands of Uber Eats restaurant partners across the US. (Samsung Electronics, Press Release, May 2024)
• Samsung Electronics announced the launch of Samsung Food, a personalized, AI-powered food and recipe platform. Samsung Food will offer comprehensive food experiences through more than 160,000 available recipes, acting as a personalized assistant that helps users discover new dishes, create tailored meal plans and order ingredients online. The service will also help users control their cooking appliances, while giving step-by-step guided cooking and allowing users to share their favorite recipes on social media. (Samsung Electronics, Press Release, August 2023)

Food Delivery Mobile Application Market Report Coverage and Deliverables

The “Food Delivery Mobile Application Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Food delivery mobile application market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Food delivery mobile application market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Food delivery mobile application market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the food delivery mobile application market
• Detailed company profiles