Tremendous Growth of Food Delivery Business

Online food delivery industries are growing with the best food delivery online ordering system which has enormous features that allows people to order and enjoy eating the food without leaving their comfort zone. On demand Food delivery apps, allows users to order from a wide array of restaurants with a single tap of their mobile phone.

Curious to know how far online food delivery has grown? Read the article completely

online food delivery statistics

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One of the most rapid changes in the e-commerce industry has been the rise of online food delivery. This industry has changed the way people think about food because consumers may now pick from a vast range of cuisines from a variety of restaurants listed online, anywhere and at any time. Furthermore, customer flexibility in the form of no minimum order value and a variety of payment alternatives such as online banking, digital wallets, and cash on delivery has improved the convenience of all consumer groups. The rise of online food delivery systems has been spurred by increasing urbanization and easy access to mobile.

Food ordering and delivery business is expected to grow by $30 billion at an annual growth rate of 12% over the next five years.

The Impact of Covid-19 on online Food delivery

Globally, the food delivery segment has enjoyed strong tailwinds due to Covid as people switch to at-home dining from dining out.

  • 51% of people feel comfortable ordering for pickup during the pandemic
  • 43% of people feel comfortable ordering delivery during the pandemic
  • 42% of restaurants added delivery as a result of the pandemic
  • 41.7% of customers said they were likely to purchase restaurant food online during confinement
  • 59% increase of takeout and delivery sales in the last week of November 2020
  • 3,868% Growth of online ordering in large suburbs, between February and April 2020.

Food Delivery BUSINESS Model

  • Start-up /Company/Aggregator
  • Delivery Agent/Network/Fleet
  • Restaurant (Single/Multi Chain)
  • 5 Reasons Why do people prefer to order food online
  • Easy and Intuitive User Interface
  • Real-Time GPS Tracking of Delivery
  • Curated Deals and Promotions
  • Order Scheduling
  • Easy Payment Options