Market Size of Europe Food Platform-to-Consumer Delivery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.52 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Food Platform-to-Consumer Delivery Market Analysis
The Europe Food Platform-to-Consumer Delivery market is expected to grow with a CAGR of 10.52% during the forecast period (2022-2027).
- In Europe, online food ordering is becoming more popular. One of the major factors propelling the food platform-to-consumer delivery market's growth is the rising penetration of internet connections and smartphones, which provide the option to get food delivered conveniently and quickly.
- In addition, the mobile application allows various payment options, including net banking, debit cards, credit cards, digital wallets, and cash on delivery (COD). Most European customers prefer the online payment method as their knowledge of digital money grows.
- Growing consumer inclination towards convenient and time-saving food delivery services is expected to drive sales in the studied market. A significant rise in the usage of smartphones and easy internet access, coupled with the substantial development in food delivery apps, drives more demand for Europe Food Platform-to Customer Delivery Market.
- COVID-19 has created new growth opportunities for the European online food delivery sector. Millions of Europeans purchased food online when the country was under lockdown. The source of appealing, user-friendly apps and tech-enabled driver networks, connected with changing consumer expectations, has unlocked ready-to-eat food delivery as an essential category.
