Market Size of North America Food Platform-to-Consumer Delivery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 35.19 Billion |
| Market Size (2029) | USD 51.05 Billion |
| CAGR (2024 - 2029) | 7.72 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Food Platform-to-Consumer Delivery Market Analysis
The North America Food Platform-to-Consumer Delivery Market size is estimated at USD 35.19 billion in 2024, and is expected to reach USD 51.05 billion by 2029, growing at a CAGR of 7.72% during the forecast period (2024-2029).
The North American Food Platform-to-Consumer Delivery market is expected to grow at a higher rate, mainly due to strong user penetration rates in the United States. North America is one of the largest markets for international online food delivery; it currently represents the world's biggest online food delivery market. Several factors are now driving North America's online food platform-to-consumer delivery market. Significant urban population, busy lifestyles, and increasing penetration of the internet and smartphones are some of the key drivers that have driven the growth of online food delivery in the region.
- Moreover, the United States' large youthful population, which comprises most of the customer base, has further facilitated this growth. Various online food delivery service providers are experimenting with innovative food delivery methods via self-driving cars, drones, and robots, thereby positively influencing the market growth. Individuals' high living standards continue to spur the demand for online food delivery packaging services in the region.
- Online food-delivery platforms are expanding choice and convenience, allowing customers to order from a wide array of restaurants with a single tap of their mobile phone.
- During the COVID-19 pandemic, consumers increasingly use online services as their disposable income increases, electronic payments become more trustworthy, and the range of suppliers and the size of their delivery networks expand alongside the expansion of internet service.
- Although there are many impacts, which are not in favor of online food delivery services, in this worldwide pandemic, all around the world, the rise of online Food Delivery has changed the way that many consumers and food suppliers interact. This change's sustainability impacts (defined by the three pillars of economic, social, and environmental) have yet to be comprehensively assessed.
