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The Market is Growing The food delivery business has enormous potential. Revenues in the global online food delivery market are expected to reach US$136 billion by the end of 2020. The projected 5-year annual growth rate (CAGR 2020-2024) is 7.5%. That implies revenues of $182 billion by the end of 2024. The Asia Pacific and […]
The pandemic has caused several restaurants to stop serving their customers in-store to comply with the required safety measures and go heavy on food delivery. So, food logistics companies saw a surge in demand. The food delivery market experienced almost 67% growth around March 2020 and saw a 63% jump in online delivery orders, according […]