Connecting people to the food they love, the food delivery services are gaining momentum in recent days. A report from Statista states that revenue in the online food delivery segment amounts to US$81.7 billion in 2018 and is expected to raise $146.7 billion by 2022.
Convenience is the main reason people order food online. The last few years have witnessed the tremendous rise in various food delivery apps such as
- Deliveroo
- Grubhub
- Doordash
- UberEats
- Postmates
The market keeps on thriving with a plentitude of food delivery apps.
Furthermore, food delivery apps create a positive impact on the economy of the country where it operates. Deliveroo added £372 million to the UK’s economy in a period of just 12 months. Therefore online food delivery business is both profitable and economically worthwhile.
Presently, the restaurant industry alone is making $490 billion in the entire food market. Out of which online food delivery service contributes 43%. From this figure, it is vivid that, more than half of the market remains open to be pursued. Make use of the opportunity; analyze the market carefully, put the user first and begin your business venture with an app like UberEats. Start it new; start it now, with Turnkey town.
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