The growth of the food delivery app in the market and the guidelines to own them
Online food delivery apps provide ordered food at our doorsteps. There are popular platforms for online food purchases. The user needs to create a profile, search the food items, and order it. The cart can be modified and gets updated as items are added or removed. They also have the option to collect the items directly from the ordered restaurant. Customers can track the assigned delivery agent and pay using any of the platforms. The online food ordering script consists of three separate apps, like a restaurant owner, delivery agent, and user app.
Let's look at the global trends of Seamless like the food delivery app.
Revenue in the Online Food Delivery segment amounts to US$136,431m in 2020.
Revenue is expected to show an annual growth rate (CAGR 2020-2024) of 7.5%, resulting in a market volume of US$182,327m by 2024.
The market's largest segment is Platform-to-Consumer Delivery, with a market volume of US$70,741m in 2020.
In global comparison, most revenue is generated in China (US$51,514m in 2020).
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