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Order high-quality takeaway online from top restaurants, fast delivery straight to your home or office. 15 Oct Brought to you by the innovative driving service Uber, UberEats takes food delivery to the next level. Collaborating with over restaurants in the city, some of which are usually closed for lunch, UberEATS is essential for your food delivery needs. There's an Instant Delivery menu that promises you'll be. It has already matured in most countries, with an overall annual growth rate estimated at just percent for the next five years. By far, the most common form of delivery is the traditional model, in which the consumer places an order with the local pizza parlor or Chinese restaurant (although many other kinds of restaurants.

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Online food-delivery platforms are expanding choice and convenience, allowing customers to order from a wide array of restaurants with a single tap of their mobile phone. The business of delivering restaurant meals to the home is undergoing rapid change as new online platforms race to capture markets and customers across the Americas, Asia, Europe, and the Middle East.

Research from McKinsey, based on a six-month study covering 16 countries around the globe, provides insight into this fast-changing market. It has already matured in most countries, with an overall annual growth rate estimated at just 3. By far, the most common form of delivery is the traditional model, in which the consumer places an order with the local pizza parlor source Chinese restaurant although many other kinds of restaurants, particularly in urban areas, now offer delivery and waits for the restaurant to bring the food to the door.

This traditional category has a 90 percent market share, and most of those orders—almost three-quarters—are still placed by phone.

This classic East Coast late night food "is to Halifax what the banh mi is to Saigon, the jambon-beurre to Paris," says the Globe and Mail. Watch Morgan, The B. Ritual is all about avoiding the queue: It's the ideal summer drink and hair of the dog when you're hungover.

However, as in so many other sectors, the rise of digital technology is reshaping the market. Consumers accustomed to shopping online through apps or websites, with maximum convenience and more info, increasingly expect the same experience when it comes to ordering dinner. Two types of online platforms have risen to fill that void. Both allow consumers to compare menus, scan and post reviews, and place orders from a variety of restaurants with a single click.

The aggregators, which are part of the traditional-delivery category, simply take orders from customers and route them to restaurants, which handle the delivery themselves. Aggregators build on the traditional model for food delivery, offering access to multiple restaurants through a single online portal. By logging in to the site or the app, consumers can quickly compare menus, prices, and reviews from peers. The aggregators collect a fixed margin of the order, which is paid by the restaurant, and the restaurant handles the actual delivery.

There is no additional cost to the consumer. With their asset-light model, aggregators post earnings before interest, taxes, depreciation, and amortization EBITDA margins of 40 to 50 percent.

These four players tend to focus on different regions. On a national level, there are typically two or three competitors that dominate, mostly driven by their ability to build a large user base. Canadian Culture Food Close To Me That Delivers is advanced in most markets and will likely continue.

McKinsey research shows that just 26 percent of traditional-delivery orders are made online today, but we expect this share to increase rapidly. Just like the aggregators, new-delivery players allow consumers to compare offerings and order meals from a group of restaurants through a single website or app.

Crucially, the players in this category also provide the logistics for the restaurant. This allows them to open a new segment of the restaurant market to home delivery: The new-delivery players are compensated by the restaurant with a fixed margin of the order, as well as with a small flat fee from the customer.

Despite the higher costs of maintaining delivery vehicles and drivers, the new-delivery players achieve EBITDA margins of more than 30 percent. Players include brands that operate globally such as Deliveroo and Foodora, which are continuing to capture new regions. As the newest source category, new delivery offers advantages as well as some disadvantages for restaurants, customers, and deliverers.

For restaurants, the new model offers an additional source of revenue and a higher link rate of existing kitchen facilities, as well as the chance to build relationships with a new pool of customers.

The platforms offer free marketing and a logistics network for restaurants that previously were not able to deliver meals. While an estimated 1 percent of current on-premises customers will migrate to home delivery, total restaurant spending by high-income households will increase by an estimated 10 percent.

However, there is potential for greater disruption if more high-end customers opt to consume restaurant meals at home. Here, the advantages are convenience, greater choice, and more restaurants than previously were available for meal source. This is especially attractive to customers looking for healthier alternatives to pizza. The customer also benefits from the ability to track delivery in real time.

New-delivery operators can control the complete customer experience.

The changing market for food delivery

In addition, with their wide portfolio of restaurants that previously served meals only on their premises, new-delivery players are able to tap into a new tier of consumers for home delivery of meals. By working with higher-end restaurants, new-delivery players achieve a higher average order size than the aggregators. The biggest disadvantage is the need to invest in a delivery fleet and drivers, which can quickly turn into a cash drain if the operators cannot achieve a high rate of utilization.

Both aggregators and new-delivery players have more info significant investment, allowing them to advertise widely and build recognition for their brands quickly.

View all Media Coverage. Here, the advantages are convenience, greater choice, and more restaurants than previously were available for meal delivery. If you live in Newfoundland, you probably already know why cod tongue is a local treasure. Aggregators build on the traditional model for food delivery, offering access to multiple restaurants through a single online portal.

The opportunity for new delivery is to extend food delivery to a new group of restaurants and customers. Rather than competing directly with the aggregators, new-delivery players are expanding the overall market. However, it is possible that in the future even lower-end traditional-delivery restaurants will migrate to new delivery because they will find it more cost efficient to outsource logistics; thus, new delivery poses at least a potential threat of disruption to the aggregators.

The growth in new delivery is driven by two sources of consumer demand. This first is as a substitution for dining in a restaurant. With Canadian Culture Food Close To Me That Delivers delivery, consumers can dine at home with the same quality food they would enjoy at a fine restaurant.

Some platforms even include Michelin-starred establishments in their offerings in selected cities. The second source click here demand is as a substitution for meals prepared and consumed at home.

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Customers drawn to the new online food-delivery platforms have a different set of needs and expectations from the traditional pizza customer. Our study uncovered the following important traits:.

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With the new online platforms making inroads around the world, the food-delivery market is in the midst of a dramatic channel migration. We expect online delivery to grow by We believe penetration rates will grow further as the market matures, eventually reaching 65 percent per year.

It is quite likely that the food category will follow these patterns. At the other end of the spectrum, Asia, Latin America, and the Middle East are at the beginning of the growth cycle.

The key catalysts for the adoption of online food delivery are the overall level of funding for the industry Canadian Culture Food Close To Me That Delivers the size of marketing budgets. Technology penetration—mainly smartphone and online penetration—has only been slightly relevant to the speed of adoption so far due to the geographic expansion of food players.

We believe that the food category will grow in line with the smartphone category as new smartphone users adapt their behavior to take full advantage of the technology. The market has become more bullish on the sector, giving the players that are still private significantly higher valuations and higher levels of funding than earlier companies achieved at the same stage Exhibit 3.

In contrast, Delivery Hero and Deliveroo, which could see their own IPOs in the next year or two, already have high valuation-to-equity ratios: Clearly, the market believes there is still rapid growth ahead for these players. The challenge now is for them to deliver on that belief.

McKinsey Global Institute Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. McKinsey Quarterly Our flagship business publication has been defining and informing the senior-management agenda since McKinsey Academy Our learning programs help organizations accelerate growth by unlocking their people's potential.

Search Toggle search field. Toggle search field Toggle search field. The changing market for food delivery. Sidebar The new-delivery business model As the newest online category, new delivery offers advantages as well as some disadvantages for restaurants, customers, and link. The restaurant For restaurants, the new model offers an additional source of revenue and a higher utilization rate of existing kitchen facilities, as well as the chance to build relationships with a new pool of customers.

Canadian Culture Food Close To Me That Delivers

The customer Here, the advantages are convenience, greater choice, and more restaurants than previously were available for meal delivery. The deliverer New-delivery operators can control the complete customer experience. Why digital strategies fail Article - McKinsey Quarterly.

Canadian Culture Food Close To Me That Delivers

Organizing for the age of urgency Article - McKinsey Quarterly. Delivering through diversity Report. The five trademarks of agile organizations Report. Article How big data will revolutionize the global food chain August — Advanced analytics opens vast untapped potential for farmers, investors, and emerging economies to reduce the cost of goods sold.

Interview - McKinsey Quarterly Toward a circular economy in food February — The French food and water company Danone has a history of environmental awareness. Companies should watch out for five pitfalls. Article - McKinsey Quarterly Organizing for the age of urgency. Report Delivering through diversity. Report The five trademarks of agile organizations.