![]() The entire food delivery app industry is expected to reach $165 billion market size by 2029.Meituan and Ele.me control about 90% of all food delivery in the country China is the largest market for food delivery, with a market size of $42.5 billion in 2022. ![]() We have collected data and statistics on the food delivery app market. Market sentiment has moved from growth to profitability, and most food delivery apps remained unprofitable throughout the pandemic. In 2022, valuations of most food delivery apps have declined significantly from 2020. Several apps launched rapid grocery delivery services, to compete with Getir and Gorillas. This surge in demand has cooled off a bit since 2020, although Deliveroo, DoorDash and Uber all reported higher revenue and gross bookings in 2021 than 2020. ![]() Uber Eats, Deliveroo and DoorDash all reported a massive acceleration in orders between February and March, as the world went into lockdown. Grocery delivery service Instacart said it achieved its 2022 goals in the third week of lockdown. The past few years has also seen more consolidation, as the larger businesses attempt to reduce the amount of competition in the market.ĬOVID-19 has propelled the industry a few years into the future, as millions of people in lockdown ordered food online for the first time.
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