‘The future for food deliveries looks promising’

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submitted 4 years ago by benluis to business

The digitization of the world has made people’s access to their services at their fingertips. On-demand food delivery apps are constantly aiming to reduce time and increase the comfort of the users. Let’s take a look at some stats that signify the market for food delivery services.

  • The global online food delivery services market is expected to reach a substantial value of $111.32 billion by 2020.
  • With a CAGR of 11.23% between 2019 and 2023, the market will generate $154.34 billion by 2023.
  • According to Statista, as many as 1.2 billion people use online food delivery platforms globally.
  • According to a recent survey, almost 40% of people prefer online platforms because of the convenience that offers.
  • 60% of the restaurants all across the world have agreed that signing up with food delivery platforms has boosted its sales significantly.
  • According to research, restaurants are already losing 20% of their profits if they haven’t taken their business online yet.
  • Almost 3 in 5 of the food orders made online are by millennials.

These facts stand in testament to the fact that the market for food delivery services is growing exponentially. There can be no better than this for entrepreneurs to venture into the market with the UberEats Clone app.

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