Scale and profitability in the online food delivery market

The online food delivery industry became a one trillion dollar industry in 2023. While the pandemic provided an impetus for food delivery companies to grow and accumulate capital investment from eager investors, the post-pandemic era became defined by consolidation and the race to profitability. Many market exits and numerous brand acquisitions later, how is the market power of the remaining food delivery operators scattered across regions? Which players are best positioned to scale their operations and achieve positive net results? How are competitive pressures contributing to an increasingly interdependent delivery ecosystem in the era of omnichannel food commerce? How are pure players interacting with established brick-and-mortar food retailers?