According to Renub Research analysis, United States Online Food Delivery Market is Forecasted to be more than USD 34.2 Billion by the end of year 2026.
According to the latest report by Renub Research, titled "United States Online Food Delivery Market & Volume Share, By Business Model (Platform-to-consumer & Restaurant-to-consumer delivery), Cities, Company" Online food delivery is a fully digital or virtual food ordering method. With the increase in the sales of smartphones, rocketing internet penetration, and the escalating food business online food delivery industry in United States is thriving. As a substantial number of consumers rely on these applications for trying out different cuisines. Moreover, these applications equip service providers with detailed customer information to develop and launch its promotional strategies. Some of the services key advantages are easy and fast ordering and hassle-free delivery, which aid market growth. As per our research analysis, United States Online Food Delivery Market will be worth USD 34.2 Billion by the end of the year 2026.
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The online food delivery system in the United States is very trendy, connected with convenience. It is the procedure of ordering food through mobile applications or website. These apps or WebPages have been linked to a variety of food cooperatives or restaurants. Web and applications pages offer a wide range of suitable paying methods, like net banking, mobile payments, prepaid cards, and cash on delivery. Customers receive foodstuff at any time and any place. They offer occasional discounts to cater to the consumers altering need.
Furthermore, various companies agree with their consumers to produce an account for frequent and convenient ordering. Online food delivery offers copious compensation with fast and easy ordering with minor bother. The online food delivery has become enormously popular in the United States, particularly among the younger population. In the United States market, the most aggressive food delivery platforms are Grubhub, Uber Eats, JustEat, and DoorDash, rival for first place. Among them JustEat, dominates the online food delivery market. In 2018, the second-largest aggregator, Deliveroo Hungry House, and Uber Eat both posed a challenge for Just Eat, attempting to get higher share to introduce its delivery service in the United States.
Currently, in the United States, there are various technological innovations in online food delivery service. Providers are experimenting with innovative ideas for food delivery methods by using self-driving cars, robots, and drones; thus, optimistically influencing the market growth. The U.S based New York City is leading the online food delivery market. Restaurant to consumer delivery is dominating year on year, along with Platform Consumer delivery. The feature, which is a dynamic force to this market, is the individual’s high living principles due to Hectic working schedules and inflating income levels.
Companies Recent Developments in USA Online Food Industry
In 2017, Deliveroo acquired ghost kitchen Maple to use the technology that Maple had urbanized to help cultivate Deliveroo’s recent investment into ghost kitchens. The venture capital movement in the area has progressively increased at a rate of more than 2.4 times every year since 2016. The most considerable VC speculation into ghost kitchens has recorded the $900 million late-stage investment into Reef Technology, led by Softbank Investment Advisors, indicating a long-term positive outlook for the industry.
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Recently the food delivery service Takeaway and JustEat struck deal of US$ 7.3 Billion to acquire the U.S. food delivery firm Grubhub. Mutually Uber/Grubhub would have had a 55% U.S. market share.
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