Scope Of Food Delivery App Development - Market Stats

Over the course of centuries, lifestyle might have changed drastically, but people have not stopped consuming food. However, they do not any longer have the time to cook their food. In addition to that, there are a lot of people moving into new cities in search of careers. These people might not have the time or the need for them to set up a full-fledged kitchen.

For such people, food delivery applications are the way forward. These services take care to deliver food from restaurants in the vicinity of the homes of customers. This would ensure that the customers can enjoy food in the comfortable confines and convenience of their homes.

Although there are a lot of players in the market who rule the business of food delivery, there is still a lot of space for new players to enter the market and establish success. There are a lot of statistics that support this opportunity.

The Stats That Matter :

• According to RetailMeNot, 25% of smartphone users around the world have at least one food delivery application installed.
• Revenue from online food delivery businesses stands at a staggering $94 billion, and at 9.3% annually and is bound to reach an annual revenue of $134.5 billion by 2023.
• A survey firm questioned 300 adults in Indonesia and it was revealed that 48% of the users perceive ordering from food delivery applications is a practical option. In addition to that, 1% of the users said that they might not consider going to a restaurant and 13% agreed that they do not have time to cook their food at home.

It is quite evident that the food delivery market is quite open for new players not just to survive but also to succeed.

Conclusion:

It is quite evident that the market for food delivery apps is open and lucrative. To capitalize on this positive trend, you can choose to deploy a food delivery app development company to create your app from scratch. A smarter way to do it would be to use customizable Ubereats clone to jump-start your business. It will save you a lot of time and money. After all, everybody loves a quick delivery of what they want, right?