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Food Delivery App Development Industry: Self-actualization

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By Author: Murtza Abbas
Total Articles: 6
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Hungary? Well, don't worry, Get a pizza delivered in just 30 minutes!

I instantly get a filling to my tummy cravings. Millennials are so busy and unlikely to cook & more towards ordering burger, pizzas, pasta & other eatables along with completing their tasks & while watching their favorite shows. In short, nap we can say that- convenience is what created a desirable yearning for food on demand.
People are shifting their preference from traditional dining to mobile on-demand food delivery services like Burger King, Zomato, FoodPanda, PizzaHut etc.
The wide range of eateries & restaurants, incalculable cuisines and the option to pay in a single tap on Food delivery apps have made their lives facile.
So, it's likely that technologies are rapidly changing the scenario of food delivery industry. Peoples like you and us are most habituated towards making deals online via mobile apps. On-demand food delivery apps like Zomato, UberEats & FoodPanda have already started the gesture of convenience driven food deliveries through mobile apps. This is the main cause why food delivery app development for restaurants is on the high rise.

If we look at the facts & figures then:

Online food ordering has helped many small & big restaurants businesses to increase their average basket sizes by 25%.
Customer who orders online inclined to visit restaurants 67% more often.

Revenue

• Revenue in the Online Food Delivery segment amounts to US$8,167m in 2019.
• The Online Food Delivery segment is expected to show a revenue growth of 11.2% in 2020.

User

• In the Restaurant-to-Consumer Delivery segment, the number of users is expected to amount to 201.9m by 2023.
• User penetration in the Online Food Delivery segment is at 13.8% in 2019.

User By Age:

In the year 2017 a share of 44.6% of users is 25-34 years old.

User By Gender

In the year 2017 a share of 51.7% of users is male.

User By Income

In the year 2017 a share of 38.6% of users is in the high income group.

ARPU

The average revenue per user (ARPU) in the Restaurant-to-Consumer Delivery segment amounts to US$45.13 in 2019.

Global Comparison Revenue

With a market volume of US$38,411m in 2019, most revenue is generated in China.

Global Comparison- User penetration

With a rate of 47.7%, the user penetration in the Online Food Delivery segment is highest in Hong Kong.


You might get a thought of making food delivery app for your own business by seeing this amazing enhancement & growth. Off course, you should!
But, being a newcomer in the field or being a startup in food delivery industry there are some key points you should know before you dive down.


There are two major food delivery startups models actively ruling the market:

Aggregator Model

A traditional food delivery model in which the third party is there to manage the customers & local restaurants is the Aggregator model. There is a platform offered to the users so that they can browse their favorite cuisines.
Basically, the job of food delivery app is to facilitate orders support & exposure.
All the features that a user provided in the app are that the user can check the menus, reviews, ratings, and prices before placing the orders. After the order, get confirmed, the aggregator passes that data to the respective eateries & delivery happens.
In this scenario, the employees of that restaurant do the food delivery.

Food Delivery Platform with Logistics Support

This is another delivery platform that assists the joining forces restaurants with their logistics support. These aggregators are making it basic for small restaurants, food joints, and home delivery services to convey consistently. They are opening up new skylines for the food delivery startups that could not bear to have their very own delivery network. For any restaurants, an association with this sort of aggregator is constantly valuable. They don't need to stress over conveyances or paying drivers or look after vehicles. In the event that you are wanting to create this sort of food delivery app, you can be their 'Savior'. The restaurant's owners can rather concentrate on improving their services picking the on-demand food delivery app developers.


Conclusion:

So what is your thought? Well, as indicated by my experience, I have seen building up a food delivery app like UberEats and GrubHub is constantly beneficial. It gives you a noteworthy inclusion and consequently more user base.
How about we discover the stuff to make an on demand food delivery app for eateries
Let's find out the major revenue engagement factors for a food delivery app, Cost estimation to develop a food delivery app, average revenue growth & user penetration etc...

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