South Korea Online Food Delivery Market Size, Share, and COVID-19 Impact Analysis, By Platform Type (Mobile Applications, Website), By Business Model (Order Focused Food Delivery System, Logistics Based Food Delivery System, Full-Service Food Delivery System), and South Korea Online Food Delivery Market Insights, Industry Trend, Forecasts to 2035

South Korea Online Food Delivery Market Insights Forecasts to 2035

• The South Korea Online Food Delivery Market Size was Estimated at USD 2.7 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 9.05% from 2025 to 2035
• The South Korea Online Food Delivery Market Size is Expected to Reach USD 7.0 Billion by 2035

According to a research report published by Spherical Insights and Consulting, The South Korea Online Food Delivery Market Size is anticipated to reach USD 7.0 Billion by 2035, Growing at a CAGR of 9.05% from 2025 to 2035. The market is being driven by the growing use of smartphones and the creation of intuitive mobile apps that have made online meal ordering quick and easy.

Market Overview

The South Korea online food delivery market refers to the digital ecosystem that allows customers to place orders for meals and groceries from nearby eateries and merchants through websites or mobile applications, with delivery handled by the restaurant, a third-party platform, or a logistics company, is known as the South Korean online food delivery market. Additionally, constant innovation has resulted from the fierce competition among different food delivery service providers. A varied clientele has been drawn in by aggressive marketing tactics, alluring discounts, and loyalty plans. Offering customers a wide variety of culinary options, delivery platforms' strategic alliances with well-known eateries have also been crucial. These diverse factors are influencing the course of the South Korean online meal delivery market as it develops further, making it a vital and indispensable component of contemporary eating customs.

Report Coverage

This research report categorizes the market for the South Korea online food delivery market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea online food delivery market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea online food delivery market.

Driving Factors

South Korea's online meal delivery business has grown rapidly in recent years, mostly due to the country's widespread internet connectivity and rising smartphone adoption. Furthermore, the demand for doorstep dining experiences has been driven by the convenience-seeking consumer culture. This trend has been further supported by the smooth integration of cutting-edge technology. Notably, the rise in digital payment methods has made transactions quick and safe, which has helped the market grow.

Restraining Factors

Delivery services have come under fire for charging restaurants more, which has put a strain on small businesses and sparked criticism from the public.

Market Segmentation

The South Korea online food delivery market share is classified into product type and business model.

• The mobile applications segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea online food delivery market is segmented by product type into mobile applications and website. Among these, the mobile applications segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This dominance is fueled by the nation's high smartphone penetration rate, tech-savvy populace, and extensive usage of intuitive apps like Coupang Eats, Yogiyo, and Baemin that streamline and expedite food ordering.

• The order-focused food delivery system segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea online food delivery market is segmented by business model into order focused food delivery system, logistics based food delivery system, full-service food delivery system. Among these, the order-focused food delivery system segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The restaurant manages its own delivery under this model, which links customers with eateries via platforms like Baemin and Yogiyo. Its dominance stems from the large number of participating restaurants and the convenience it provides for both customers and vendors.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea online food delivery market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Baedal Minjok (Baemin)
• Yogiyo
• Coupang Eats
• Shuttle Delivery
• Market Kurly
• Others

Recent Developments:

• In June 2024, Baemin had expanded its “Early Opening” service to eight locations nationwide, offering deliveries starting at 6 a.m. for items like dairy, baked goods, and ready meals. This move targeted busy consumers and boosted rider income.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Online Food Delivery Market based on the below-mentioned segments:

South Korea Online Food Delivery Market, By Platform Type

• Mobile Applications
• Website

South Korea Online Food Delivery Market, By Business Model

• Order Focused Food Delivery System
• Logistics Based Food Delivery System,
• Full-Service Food Delivery System