PUBLISHER: The Business Research Company | PRODUCT CODE: 1619808
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619808
Peer-to-peer dining is a social eating concept where individuals host meals at their homes and invite guests, often facilitated through an online platform. This setup allows guests to enjoy home-cooked meals and experience local culture, while hosts can earn income or form new connections. It serves purposes such as cultural exchange, providing unique dining experiences, and fostering community building.
The primary types of peer-to-peer dining include casual home dining, fine dining, themed dinners, and food tours. Casual home dining involves informal meals enjoyed in a relaxed home setting, typically featuring simple, everyday food. Peer-to-peer dining accommodates a range of nationalities, including both domestic and international guests, and caters to various demographics such as male, female, and children. It spans different age groups, including those below 15 years, 16 to 25, 26 to 35, 36 to 45, 46 to 55, and above 55. Booking options are available through direct bookings, online travel agencies (OTAs), and other methods.
The peer-to-peer dining market research report is one of a series of new reports from The Business Research Company that provides peer-to-peer dining market statistics, including peer-to-peer dining industry global market size, regional shares, competitors with a peer-to-peer dining market share, detailed peer-to-peer dining market segments, market trends and opportunities, and any further data you may need to thrive in the peer-to-peer dining industry. This peer-to-peer dining market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The peer-to-peer dining market size has grown steadily in recent years. It will grow from $6.11 billion in 2023 to $6.36 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth during the historic period can be attributed to factors such as rising internet penetration, the increasing popularity of social media, the expansion of food tourism, the demand for unique experiences, and a rise in disposable income.
The peer-to-peer dining market size is expected to see steady growth in the next few years. It will grow to $7.48 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The anticipated growth during the forecast period can be attributed to the ongoing rise in foodie culture, increasing urbanization, a heightened focus on sustainability, demand for personalized experiences, and growth in experiential travel. Key trends expected during this period include the integration of virtual reality, the use of blockchain for transparency, the application of AI for recommendations, the expansion of subscription-based services, and a focus on zero-waste cooking.
The anticipated growth of the peer-to-peer dining market is expected to be driven by the rise in home cooking. Home cooking involves preparing and cooking meals at home using raw ingredients and basic techniques. Its growing popularity is attributed to a greater focus on health, cost savings, and the pleasure of creating personalized, nutritious meals. Peer-to-peer dining supports home cooking by connecting individuals to share home-cooked meals, thereby fostering community and cultural exchange. For example, a December 2023 report from the Bureau of Labor Statistics, a US federal agency, noted that food expenditures at home increased from over $4,935 in 2020 to $5,259 in 2021, and then exceeded $5,700 in 2022. Thus, the rise in home cooking is contributing to the growth of the peer-to-peer dining market.
Leading companies in the peer-to-peer dining market are concentrating on innovative offerings such as home-cooked meal services to provide affordable, fresh, and wholesome home-style meals. This service involves individuals or platforms offering meals prepared in private homes for others, often highlighting homemade, local, or personalized culinary experiences. For instance, in February 2023, Zomato, an India-based online restaurant guide and food ordering platform, introduced Zomato Everyday, a new service offering home-cooked meals at affordable prices. This initiative targets individuals who live away from their families and miss the comfort of home-cooked food, with meals prepared by real home chefs to ensure a taste of home. This service replaces Zomato's previous 10-minute delivery feature, marking a strategic shift towards providing wholesome, home-style meals at competitive prices.
In January 2024, Tourism Fiji, a government tourism marketing agency based in Fiji, partnered with Travelling Spoon to highlight Fiji's rich culinary heritage. This collaboration aims to empower local home cooks to become culinary hosts, sharing their cooking skills and authentic Fijian dishes with visitors. Travelling Spoon, a US-based company, connects travelers with authentic food experiences in people's homes around the world.
Major companies operating in the peer-to-peer dining market are Feastly, Withlocals, Traveling Spoon, The London Supper Club, EatWith, Hobnob, B'Ville Diner, Supper Club, Cookly, BonAppetour, CookUp, EatMeet, EatWithMe, FoodieTrip, Homecooked, Kitchen Surfing Inc., Secret Dinner, ShareDine, Table at Home, MealSharing
North America was the largest region in the peer-to-peer dining market in 2023. The regions covered in the peer-to-peer dining market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the peer-to-peer dining market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The peer-to-peer dining market includes revenues earned by entities by providing services such as cooking classes, farm-to-table experiences, home-cooked meal delivery, and cultural food experiences. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Peer-To-Peer Dining Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on peer-to-peer dining market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for peer-to-peer dining ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The peer-to-peer dining market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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