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AI is Redefining the Online On-Demand Food Delivery Market, Set to Grow by USD 559.2 Billion (2024-2028) Due to Restaurant-Aggregator Partnerships – Technavio Report

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NEW YORK, Sept. 18, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global online on-demand food delivery services market size is estimated to grow by USD 559.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 34.65% during the forecast period. Increasing partnerships between restaurants and online food delivery aggregators is driving market growth, with a trend towards growing prominence of technology and iot devices. However, growing threat from direct delivery services offered by restaurants poses a challenge. Key market players include Alibaba Group Holding Ltd., Bundl Technologies Pvt. Ltd., Curefoods India Pvt. Ltd., Delivery Hero SE, Dominos Pizza Inc., DoorDash Inc., Dunzo Digital Pvt. Ltd., EatSure, Glovoapp23 SL, Grab Holdings Ltd., Grubhub Inc., HelloFood, HungryPanda Ltd., Just Eat Takeaway.com, Meituan Dianping, Movile, Rappi Inc., Talabat, Uber Technologies Inc., and Zomato Media Pvt. Ltd..

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Online On-Demand Food Delivery Services Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 34.65%

Market growth 2024-2028

USD 559.2 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

25.86

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 71%

Key countries

US, China, UK, Japan, and South Korea

Key companies profiled

Alibaba Group Holding Ltd., Bundl Technologies Pvt. Ltd., Curefoods India Pvt. Ltd., Delivery Hero SE, Dominos Pizza Inc., DoorDash Inc., Dunzo Digital Pvt. Ltd., EatSure, Glovoapp23 SL, Grab Holdings Ltd., Grubhub Inc., HelloFood, HungryPanda Ltd., Just Eat Takeaway.com, Meituan Dianping, Movile, Rappi Inc., Talabat, Uber Technologies Inc., and Zomato Media Pvt. Ltd.

 

Market Driver

Vendors in the global online on-demand food delivery services market are enhancing their businesses through technology investments. This includes expanding customer bases, developing infrastructure, and training personnel. Notably, restaurants and food delivery services are prioritizing cross-platform ordering capabilities for customer convenience. In the US, Dominos Anyware showcases this trend, enabling orders through IoT devices like smart TVs, smartwatches, and connected cars. Technology, particularly IoT, is poised to significantly impact the market during the forecast period. 

The Online On-Demand Food Delivery Services market is experiencing significant growth due to increased smartphone penetration and internet connectivity. AI-driven recommendations, order tracking, and personalized options are trending features. Healthier, sustainable meal options, plant-based foods, organic foods, pet food, grocery, alcohol, and meal delivery are expanding categories. Dark kitchens and virtual kitchens are emerging business models. Uber Eats Japan, Cartken, Mitsubishi Electric, DoorDash, and shipping services are major players. Volume of orders is high in urban markets, driven by millennials and tech giants. Competitive prices, discounts, and customer loyalty programs are key strategies. Venture capital and strategic maneuvers are shaping consolidation. Historic period shows continued growth from 2010s to present, with payment methods evolving from cardboard boxes to online portals. Ready-to-eat food and restaurant-to-customer models are also gaining traction. 

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 Market Challenges

Several restaurants are taking control of their online food delivery operations to manage branding, quality, safety, and hygiene directly. This shift allows for a more engaged customer relationship and potential cost savings from avoiding third-party delivery service commissions. Additionally, direct orders can lead to shorter delivery times and streamlined payment processes, enhancing brand loyalty. However, this trend may challenge the growth of the global online on-demand food delivery services market, as restaurants handle increasing order volumes themselves.In the historic period of the 21st century, online on-demand food delivery services have revolutionized the way we order and consume ready-to-eat food. The platform connects restaurants to customers through an online portal, enabling seamless ordering and payment methods. Internet penetration and smartphone usage have fueled this growth, with tech giants like Amazon, Uber, and Grubhub leading the charge. Challenges in this market include last-mile connectivity, meal delivery times, and restaurant review. Shipping services must ensure timely delivery using ecommerce delivery solutions and optimizing last-mile connectivity. Virtual kitchens, cloud kitchens, and ghost kitchens have emerged to cater to the increasing demand for online food sales. Millennials, with their preference for convenience and innovation, have driven the market. Servicing personnel, instore merchandising, and order processing systems have become essential components of the business model. Packaged food services, POS systems, and digital menu boards have also become crucial. Food preferences, sales trends, and order processing times are essential factors for restaurants to consider. DemandSage and other aggregators help restaurants manage their online sales and customer preferences. Robot food delivery and cardboard boxes are the latest innovations in the industry, addressing the need for contactless delivery and sustainable packaging. Insurance, furnishing, and meal delivery volumes are other areas of focus for businesses in this sector.

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Segment Overview 

This online on-demand food delivery services market report extensively covers market segmentation by

Business Segment1.1 Order-focused food delivery services1.2 Logistics-focused food delivery servicesType 2.1 Restaurant-to-consumer2.2 Platform-to-consumerGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Order-focused food delivery services- Online on-demand food delivery services have become increasingly popular, offering customers the convenience of ordering meals from their preferred restaurants and having them delivered right to their doorstep. These services use advanced technology to facilitate seamless ordering, real-time tracking, and contactless delivery, making them a reliable solution for busy individuals and families. The market for online food delivery is growing rapidly, with companies investing in expanding their offerings, improving logistics, and enhancing the customer experience. By providing a convenient and efficient solution for meal preparation and delivery, these services have become an essential part of modern life.

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Research Analysis

The Online On-Demand Food Delivery Services Market is a rapidly growing industry that caters to the increasing demand for convenience and flexibility in meal consumption. Virtual kitchens and cloud kitchens have emerged as key players in this market, focusing solely on preparing meals for delivery orders. Millennials, with their preference for technology and convenience, are a significant consumer base. The market utilizes cardboard boxes and insulated bags for delivery, ensuring the food stays fresh during transit. Aggregators and ecommerce delivery platforms facilitate online sales, with last-mile connectivity ensuring timely delivery. Smartphones and mobile devices have become essential tools for order processing and digital menu boards. Robot food delivery and meal delivery times are innovations that aim to further streamline the process. Customer preferences and sales trends shape the menu offerings, while order processing systems and restaurant reviews help maintain quality. Insurance, servicing personnel, and furnishing are other important considerations for players in this market. Food preferences and delivery volumes continue to shape the industry, with virtual restaurants and ghost kitchens gaining popularity in urban markets.

Market Research Overview

The Online On-Demand Food Delivery Services market has seen significant growth in the historic period, driven by the increasing penetration of the internet and smartphone usage. This platform-to-customer model allows ready-to-eat food to be ordered online from restaurants or virtual kitchens and delivered to customers’ doors. Payment methods have evolved, with tech giants integrating e-wallets and other digital payment systems. Urban markets, particularly in developed countries, have seen high demand for food delivery services, with aggregators and e-commerce delivery companies servicing millions of orders per day. Last-mile connectivity and the rise of dark and cloud kitchens have enabled efficient delivery and cost savings. Millennials, with their preference for convenience and technology, have fueled the growth of this market. Meal delivery times, personalized orders, and AI-driven recommendations have become essential features for customer satisfaction. Healthier meal options, sustainable meal options, plant-based foods, and organic foods are also gaining popularity. The market is witnessing consolidation, with strategic maneuvers and venture capital investments shaping the competitive landscape. Companies like Uber Eats Japan, Cartken, and Mitsubishi Electric are making significant strides in the market. The future of food delivery services looks promising, with innovations like robot food delivery and meal aggregators offering restaurant options and competitive prices.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Business SegmentOrder-focused Food Delivery ServicesLogistics-focused Food Delivery ServicesTypeRestaurant-to-consumerPlatform-to-consumerGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Northern Hemisphere Heat Drives Demand for Cooling and Sun-Protection Products on Yiwugo

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YIWU, China, July 24, 2026 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. The final whistle may have blown on the World Cup, but the intense heat gripping the Northern Hemisphere shows no sign of letting up. Europe has experienced unusually hot weather this year, sparking not only a surge in demand for air conditioners but also a boom in portable handheld fans. Merchants on Yiwugo say that in previous years, European customers would begin placing orders in March or April and take their time completing their annual procurement. This year, however, the purchasing season has stretched well into summer, with a flood of new buyers coming in, most of them looking for small handheld fans. With customers eager to capitalize on the peak summer season, delivery timelines have also become significantly tighter. Whereas orders in previous years could generally be fulfilled within a month, merchants are now frequently being asked to deliver within about a week, leaving manufacturers scrambling to keep pace with demand.

Lingpan Official Flagship Store has specialized in the production and sales of small fans, insulated cups, and related products for 15 years. This summer, demand from European customers for high-speed small fans has risen sharply, accompanied by urgent delivery requirements. Many customers began requesting shipment just one week after placing their orders, hoping the products would arrive in time for the World Cup and the ongoing heatwave across Europe. One long-standing European customer purchased only five models of small fans from Lingpan last year. Anticipating stronger demand ahead of this summer, the customer expanded the order to 10 models. The first shipment sold out soon after arriving at port, prompting several subsequent repeat orders. European buyers have shown particular interest in high-speed cooling fans and placed great requirements on product quality. So far this year, Lingpan’s fan sales have more than doubled compared with the same period last year, with total purchases reaching approximately RMB 1 million.

Beyond Europe, the owner of Lingpan, Ling Pan pointed out that the Indian market has also undergone significant changes over the past two years. Indian customers are showing great interest in panda-shaped fans, drinking cups, and related products. Procurement volumes among many Indian buyers have increased substantially, with average annual purchases now reaching several hundred thousand yuan.

Unlike European countries grappling with sudden heat waves, Asian markets such as Japan and South Korea, where summers are consistently hot and air conditioners and fans are already everyday essentials, have shown much stronger demand for sun-protection products. From April 1, 2026 to date, sales of sun-protection masks on Yiwugo have increased by 31.6% YoY, while sales of sun-protection face shields surged by 72.42% and sun hats rose by 8.1%.

Chen Jia, a Yiwugo merchant, has engaged in the production and sales of sun-protection masks and sun-protection face shields for eight years. Chen operates the Xiao Zhen and Xiao Mian Sun-Protection Products Workshop in District 4 of the Yiwu International Trade Market. In recent years, the company has customized cooling nylon fabrics for customers in Japan and South Korea. Sun-protection masks and sun-protection face shields made from this material not only offer UPF 50+ protection, but also maintain a more structured shape and are less susceptible to snagging or deformation. Their protective performance remains effective after routine washing, and the products can last for more than five years under normal use.

In 2024, a TV shopping operator from South Korea contacted Xiao Zheng and Xiao Mian through Yiwugo and began placing orders after inspecting the products in person. Over the following two years, the company continued to improve the fitness and design of its sun-protection products. It introduced sun-protection face shields with breathable mesh panels and incorporated soft supports around the nose area to prevent the masks from rubbing against lipstick. These product upgrades have steadily driven up customer ratings on the client’s store. Annual procurement, initially valued at around RMB 300,000, has risen year by year, and the company has since developed into a recognized brand in the local market.

Persistent heat across the Northern Hemisphere has been creating new forms of cross-border consumer demand while enabling Yiwugo merchants to keenly capture shifts in overseas markets. From the strong sales of small portable fans in Europe to the rising demand for functional sun-protection products in Japan and South Korea, the diversity of orders reflects both consumers’ need for relief from extreme heat and the ability of Yiwu manufacturers to strengthen their presence in global markets through product innovation and rapid fulfillment. Faced with a rapidly changing international market, many merchants are continuing to refine product designs, upgrade fabric techniques, and enhance supply efficiency. By leveraging Yiwugo to broaden their export channels, they are keeping pace with overseas consumption trends and capitalizing on the expanding market for cooling and sun-protection products, turning the summer heat into new momentum for cross-border trade.

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SOURCE Yiwugo.com

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Snorkel AI Highlights First Wave of Open Benchmarks Grants Projects

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SAN FRANCISCO, July 24, 2026 /PRNewswire/ — Snorkel AI today highlighted the first group of projects supported through Open Benchmarks Grants, a $3 million commitment to support open-source datasets, benchmarks, and evaluation research.

Launched in February 2026, Open Benchmarks Grants has received hundreds of applications from researchers, labs, and engineers working to address a growing challenge: AI systems are advancing faster than the field’s ability to rigorously measure their performance on realistic, consequential work.

“From complex environments and huge autonomy horizons to rich, sophisticated outputs, these projects tackle some of the field’s hardest evaluation challenges,” said Fred Sala, a member of the Open Benchmarks Grants steering committee and assistant professor at the University of Wisconsin–Madison. “I’m excited to see the broader research community use, validate, and build on them.”

Open Benchmarks Grants provides selected teams with funding, expert data development support, research and engineering collaboration, and platform resources. Supported projects include:

Frontier-Bench (formerly Terminal-Bench 3.0), developed with Laude Institute and the Harbor community, is a harder, more domain-diverse successor to Terminal-Bench 2.1 — built in the open, task by task, under continuous adversarial review.Agents’ Last Exam, developed with UC Berkeley RDI and the RDI Foundation, evaluates agents on long-horizon, economically valuable professional workflows. It spans 55 sub-industries and includes more than 1,500 tasks toward a 5,000-task target, sourced and validated by more than 300 industry experts.OSWorld 2.0, developed with XLANG Lab, evaluates computer-use agents on 108 long-horizon workflows across 31 self-hosted web environments and professional desktop applications.Continual Learning Bench, developed with UC Berkeley SkyLab and the University of Wisconsin–Madison, measures whether agents genuinely improve across sequential, stateful tasks.SlopCode Bench, developed with the University of Wisconsin–Madison, measures how code quality degrades as coding agents repeatedly modify and extend their own solutions.Terminal-Bench 2.1, developed with Stanford University, Laude Institute and the Harbor community, evaluates agents on challenging work in terminal environments. The release corrected 28 tasks and introduced continuous validation.

With support from Open Benchmarks Grants, Terminal-Bench Science is also now in development, extending the Terminal-Bench framework to computational research workflows across the life, physical, earth, and mathematical sciences.

Beyond the grants program, Snorkel led the development of Senior SWE-Bench with the research teams at Princeton University and the University of Wisconsin–Madison. The benchmark evaluates coding agents on senior-level engineering work, including implementing features from realistic instructions, investigating bugs that require runtime analysis, and producing code that follows existing codebase conventions.

Open Benchmarks Grants was established with support from Hugging Face, Prime Intellect, Together AI, Factory, Harbor, and PyTorch. Applications remain open and are reviewed on a rolling basis.

Learn more and apply for a grant at benchmarks.snorkel.ai.

About Snorkel AI
Snorkel AI is the frontier AI data lab, helping teams build the data and environments behind high-performing frontier and agentic AI. We combine technology with research-driven AI data development to create datasets, benchmarks, evals, and custom solutions for real-world AI systems. Founded out of the Stanford AI Lab in 2019, Snorkel works with leading AI labs and enterprises to move from better data to better outcomes. 

media@snorkel.ai

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Payzli Vaults to No. 3 on Tampa Bay’s Fast 50, Up From No. 22 in One Year

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Payments technology company, Payzli earns a second consecutive Fast 50 ranking, crediting the climb to accelerating partner and merchant growth on its proprietary technology stack.

TAMPA, Fla., July 24, 2026 /PRNewswire/ — Payzli, the partner-first payments technology company, has been named the No. 3 fastest-growing company in the region on the Tampa Bay Business Journal’s 2026 Fast 50 – a 19-spot climb from its No. 22 debut last year, and the company’s second consecutive year on the list.

The ranking was announced July 23 at the Tampa Bay Business Journal’s Fast 50 event in Tampa, where Co-Founder and Chief Revenue Officer Naim Hamdar accepted the award alongside members of the Payzli team.

Payzli attributed its growth to a compounding effect: a national network of ISOs, agents and ISVs bringing merchants onto a technology platform Payzli built and operated in-house. 

That platform rests on three proprietary pillars:

Payzli Connect: the company’s payment CRM and merchant-and-partner dashboard, giving agents and ISOs daily residuals visibility and giving merchants a single place to run their account.Payzli POS: AI-powered point-of-sale and business software purpose-built for service businesses, including salons, med spas, wellness studios, and independent operators.Payzli Transact: an online payment gateway built on Visa Platform Connect through Payzli’s partnership with Visa Acceptance Solutions.

The Visa Acceptance Solutions partnership is central to how Payzli frames its credibility: rather than assembling a growth story on top of borrowed infrastructure, the company processes on rails backed by one of the most established networks in the industry alongside Fiserv and TSYS – a point that matters to the partners and merchants deciding where to place their volume.

“A second year on this list, and a jump to No. 3, isn’t about one good quarter. It’s about a network deciding to build with us and stay,” said Naim Hamdar, Co-Founder and Chief Revenue Officer of Payzli. “Every rank on this list represents partners we’ve earned and merchants who trust us to run their payments. We built the technology in-house so we could keep the promises the industry usually breaks: nothing hidden, a real person in reach, and daily residual visibility our agents can actually count on. That’s what this ranking measures and it’s why we’re doing it all, for the joy of business.”

“They say nothing in Tampa moves fast except the afternoon thunderstorms, so making the Fast 50 two years running feels pretty good,” said Kapil Pershad, Co-Founder and Chief Technology Officer of Payzli. “In all seriousness, this is a credit to our team and the businesses that trust us to power their growth.”

The Fast 50, produced by the Tampa Bay Business Journal, recognizes the fastest-growing private companies in the Tampa Bay region. Payzli’s return to the list and its move into the top three reflects a merchant-first product suite and a rapidly expanding national partner network across the payments and embedded-finance landscape.

About Payzli

Payzli is an end-to-end payments technology partner that makes accepting payments simpler and affordable for businesses of all sizes and risk levels. Founded in 2020 and headquartered in Tampa, Florida, Payzli brings together in-person processing, an advanced online gateway, AI-powered point of sale, and mobile and contactless payments – backed by its own technology, honest pricing, and dedicated human support. Built partner-first, Payzli equips ISOs, agents, developers, and independent software vendors to grow, with direct integrations to major processing platforms, in-house underwriting, a flexible credit policy, a Visa Acceptance Solutions foundation partnership, and sponsor-bank backing from Esquire Bank, a NASDAQ-listed strategic investor in Payzli. For more information, email partners@payzli.com or visit payzli.com.

Payzli is a registered trademark of United Payment Systems LLC. United Payment Systems LLC is a registered ISO of Esquire Bank (Jericho, NY), Commercial Bank of California (Irvine, CA), and KeyBank, National Association (Cleveland, OH).

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