Why Investing in a Food Delivery App is a Smart Business Decision?
The food delivery industry has seen a significant boost in recent years due to changing consumer behavior and the global pandemic. While food delivery services and apps have been around for quite some time, there is a marked difference in the industry before and after the pandemic. Let's take a look at some numbers and official data.
According to estimates, the global on-demand food delivery market will be worth over $154 billion by 2023. China currently leads the way in terms of both the number of users and revenue, with $27.3 billion generated in 2021. In the United States, the on-demand food delivery app sector was valued at $28 billion in 2021 and is expected to reach $30 billion by the end of this year, followed by $33 billion in 2022 and $42 billion by 2025. As you can see, food delivery applications are generating a considerable amount of revenue. Here are just a few examples of industry leaders in the United States:
Therefore on basis of statistics, it has no doubt the industry of on-demand meal delivery will only grow in the future. That’s the only reason why many businesses are attracted to food delivery app development