ADVANTAGESOF GROWING

MARKETFOR FOOD

DELIVERY SERVICEAPP

The food delivery market has continued to grow at a tremendous rate. People have inclined more and more

towards the app owing to its convenience and reliability. The advent of doorstep services has brought people the services

they desire, ringing their doorbells. Apps like UberEats, DoorDash have gained increased importance in today’s

world.

The rise of these food delivery services apps has some added advantages attached to it. If you are an emerging

entrepreneur looking to develop an UberEats clone, you are entitled to know the surge in the market and the advantages of the app. The market behind these food delivery apps and

their advantages are discussed here.

GROWINGMARKETThe percentage of online ordering surged as high as 53% by the end of 2019 and expected to grow by 58% by the end of 2020.It is to be noted that the market was only 8% in 2012.The US Food delivery market is expected to rise to a whopping 79% by 2024.According to Digital Marketing Outlook, it is expected around 86.3 million users in the food delivery segment in Europe by 2024.Major online food delivery platforms like Swiggy and Zomato get on an average of 1.4 Million orders per day.

EASE OFUSE

Looking for various restaurants in the town is just one tap away. Food delivery apps have brought varied restaurants under one roof. Users have the Ease of Use to order food from any restaurants and get them delivered at their doorsteps.

ProfitableThe financial aspects of a food delivery app is that it is highly profitable. Considering Unit economics, platforms like Zomato are earning $1 per order as their gross margin. With Users pouring in to use the app, the revenue just multiplies endlessly.

RELIABILITYFood delivery apps have gained a major reputation in the market. Users rely more on these apps as they provide instant doorstep services. This reliability of the users increases the trustworthiness of the app in the market. This directly leads to increased profit shares.

CONCLUSIONOn-demand food delivery apps have become a part of people’s lives nowadays. Exciting offers and discounts attract customers towards the app. With Skyrocketing revenue returns, the food delivery business can be an ideal venture to do business with. This growing market can house multiple worthy opponents offering the advantageous and best service to the people.

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