The emergence of the on-demand concept in the food industry has revolutionized the way how people consume it! You’ve heard it right: the popularity of online food ordering and delivery is on a massive rise. From front runners like UberEats, JustEat to small startups, doorstep delivery, and pickup options have been dominating the food delivery industry. Even though the online food ordering started a few years back, it becomes more relevant in 2019 and it is anticipated to grow further in 2021.
The technological advancements usually have a big impact on consumer’s preferences! People nowadays prefer online food ordering solutions to serve their guests rather than sweating out themselves preparing food. But, while looking from the business front, the entrepreneurs reading this blog will have some questions like, what the future holds for this business? Can I thrive in this business?
To be honest, you can find at least a few answers in the upcoming words! But, before that, for the first-time entrepreneurs, let us say about on-demand food delivery in a few words…!
Online food delivery – Overview
It’s nothing but the services of delivering prepared meals and food that was ordered online for direct consumption. This business model includes two ways: one is the Restaurant-to-Consumer delivery that includes the delivery of food carried out by the restaurants. While, in the Platform-to-Consumer delivery model, the delivery services provide customers with meals from the partner restaurants.
People prefer food delivery services because of a plethora of restaurants, multiple payment options, and most importantly getting food at their convenience!
What does the market trajectory depict?
With the increase in the use of smartphones, the number of individuals ordering food online is increasing at a steady rate. Well, it’s tough to see any business without any practical difficulties! Likewise, in the food delivery business, the utilization of proper technology can be a distinct advantage. Here, the technology we mean is the online food delivery app. With cutting-edge features, these apps can cut down the delivery time and help the delivery drivers a lot.
For entrepreneurs who’re thinking about entering the food delivery industry, we have 7 statistics that will depict where this industry lies and where is it heading towards?!!
1) 35% of the consumers worldwide say they use online food delivery apps at least twice a week
2) Well, particularly in the United States, 60% of the consumers order food online at least once a week
3) 57% of the millennials prefer ordering food while they’re watching their favorite movies or live sporting events
4) 33% of the consumers say they’re willing to pay a higher fee for faster delivery service
5) 63% of the consumers say that it is more convenient to get food delivered at their doorstep rather than dining out with family
6) The food orders made through online food delivery app is expected to contribute up to 25% of QSR sales by 2021
7) CAGR of the online food delivery industry is expected to be around 5.1%.
Whether you’re a restaurant owner or an entrepreneur, you can’t deny the positive impact of online ordering on your business! It’s time to envisage the potential of this food delivery business or else there is no option than being left behind!
Yes, the market trajectory suggests that the online food ordering and delivery business is anticipated to grow in upcoming years. But is that enough to start your business? Certainly not! Selecting the perfect on-demand food delivery script will be the most important thing. Our JustEat clone comes garnished with a plethora of features for the users, restaurants, and the app owners (Admins). Moreover, from the robust Admin dashboard, you can manage the overall business functionalities like viewing pending and progressing deliveries, manage payments, track the delivery driver, customer support, etc.
Get our UberEats clone app and start witnessing your business move in the right direction with the help of cutting-edge technology!