Online Food Delivery Market Size, Share, Trends, Analysis And Forecasts By Region And Outlet Type
January 18, 2023 ⚊ 1 Min read ⚊ Views 74 ⚊ TECHNOLOGY
The online food delivery market size was valued at US$437.8 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.2% during 2021-2026. The advent of user-friendly apps coupled with changing consumer expectations has been a primary driver favoring growth. Post-pandemic lockdown and social distancing norms fostered the demand, providing some respite to the otherwise dwindling restaurant business worldwide. Soon after, food delivery due to its convenience continued its upward trajectory and captured a permanent space in the dining landscape.
Tags: online-food-delivery
