The online food delivery market has recently seen a significant rise. This vast growth has been fueled by customers’ shifting preferences from eating out to ordering online from restaurant owners, especially after the Covid-19 pandemic.
Statista estimates that the global online delivery sector was worth 107.44 billion dollars in 2019. Furthermore, it is expected to grow at an annual CAGR of 11.51% to reach 154.34 trillion USD in 2023.
Because of this huge growth, many entrepreneurs, business owners, and startups are now looking to enter the online delivery market. They are trying to create a food delivery app to generate steady income. The food industry has a lot of potential and is ripe for growth with advanced business models. However, food delivery comes with its own set of challenges.
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