Global Online Food Delivery Market Is Valued At US$182 Bn In 2024

Food Delivery ValueAdd Global Online Food Delivery Market is valued at US$182 bn in 2024 Research and Analytics on time Millennials to drive the online food industry Deal activity amidst pandemic suggests steady GROWTH! O The global online food delivery market stood at an est. ~$136 bn in 2020, with a 3-year CAGR of ~21% Postmates $2.7 bn Uber O The total number of active consumers of 1,213.9 mn at a 3- year CAGR of ~12% (2020) $7.3 bn Just Eat Takeaway.com O Order placing through smartphone and mobile apps to become a $38 bn industry and mobile orders to make about 11% of QSR (Quick Service Restaurant) sales by 2020 Just Eat $7.6 bn Takeaway.com O Millennials in the age group of 25-34 are the biggest customers, who enjoy relatively high spending power Uber Eats $350 mn Zomato O Females constitute for 48% of the total number of online users O Online ordering and delivery grew 3x faster than dine-in traffic since 2014 May 21, 2020: Amazon Food has invested over $6,5 bn in India; launched its service in Bangalore in India April 6, 2020: Swiggy received a funding of $34 mn from Tencent, Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets and has raised $1.6 bn over 12 funding rounds O -34% of online orders had minimum bill of $50, in 2017 China & US were projected to top in 2020, and India at a distant third. Covid-19 may change the tables! April 6, 2020: Zomato received a funding of $5 mn from Baillie Gifford affiliate fund. Zomato has raised $914.6 mn over 17 funding rounds Projected turnover for 2020 (USD bn) 3% 6% ,9% Outlook: Sales growth @7.5% CAGR with a flat ARPU China 51.5 United States 26.5 O The'online food delivery system is expected to grow at a CAGR of 7.5% from USD136 bn in 2020 to $182 bn in 2024 9% India 10.2 48% United Kingdom 6.0 O It is a volume driven growth story with a plateauing ARPU over next few years. P2C at $96.8 bn and R2C at $85 bn by 2024 Brazil 3.3 25% Others 9.9 (Source: Statista) Active userbase to top 2+ bn by 2024 Meituan is the leader; Grubhub/Just Eat are profitable 30% 19% 7,754 15% 921 959 10% 875 822 2% 539 760 0% 365 449 -15% 497 565 631 705 791 863 921 966 -30% 2017 2018 2019 2020 2021 2022 2023 2024 2,510 -44% -45% 2024 global revenue - P2C at $96.8 bn & R2C at $85 bn 1,447 1,385 -55% 1,312 502 466 11 -60% 129 348 -75% -396 -79% -607 82 85 77 -90% -1,372 Uber Eats 66 Just Eat Takeaway.com Meituan Delivery Hero Grubhub Naspers Zomato 47 54 Dianping 41 Uber Eats Delivery Hero 97 美 团 GRUBHUB Takeawaycom zomato 35 44 54 71 80 87 Meituan-Dianping NASPERS 2017 2018 2019 2020 2021 2022 2023 2024 Restaurant-to-Consumer (USD bn) Platform-to-Consumer (USD bn) Revenue (USD mn) - Adj EBITDA (USD mn) • Adj EBITDA Margin Platform Y-o-Y% Growth Restaurant Y-o-Y% Growth (Source: Statista, Unit: Revenue-bn, User-mn, all figs in USD) (Source: Bloomberg, Company fillings, LTM - Dec 2019, Naspers & Zomato LTM - Sep 2019 72