The 2025 edition of the Food Delivery App Report is now available, with key insights into the market and new data on how the industry and the many players in it performed in 2024. Here are some of the highlights:
1. Revenue Growth Continues Despite Market Maturity
- Global food delivery revenues rose 15.5% to $114.5 billion in 2024.
- The grocery delivery market also hit a new peak at $22.8 billion, recovering from its post-pandemic slump.
- Despite inflation and reduced freebies, users are still spending—though at a slower rate than the pandemic boom.
2. Emerging Markets Are Driving Growth
- South America saw 31.2% growth, led by apps like iFood, Rappi, and PedidosYa.
- South-east Asia jumped 20%, while India reached $3.3 billion with strong performances from Zomato and Swiggy.
- China remains the largest market globally, generating $40.2 billion in revenue.
3. Market Consolidation and Shake-ups
- Major shifts include DoorDash surpassing Meituan in market valuation ($100bn), and Uber Eats overtaking Meituan as the top-grossing single app.
- Grubhub, acquired by Wonder Group for 90% less than Just Eat paid, reflects falling valuations, especially for rapid-delivery startups.
- Consolidation is expected to continue, especially in Latin America and South-east Asia.
4. Profitability Is Finally Emerging
- After years of losses, DoorDash posted its first annual net profit at $117 million and Deliveroo also achieved profitability at £12.2 million.
- Uber Eats continued building on its profitability streak with $2.4 billion adjusted EBITDA.
- Others, like Just Eat Takeaway and Swiggy, remain in the red.
5. Changing Consumer Behaviour and App Usage
- User base surpassed 1.6 billion globally, but churn rates remain high across the industry — over 95% stop using apps within two weeks.
- App downloads increased by 7.4%, but are still below 2021 levels.
- Subscription models are growing: DoorDash leads with 22 million premium subscribers.
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Read more about the food delivery app market in our new report, available here.
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