eServices report: online food delivery
The demand for online food delivery services has never been higher. The market already had enormous growth potential, but the lockdown of people due to the coronavirus has led to a greater increase in online food orders. Restaurants are expanding their delivery options, and simpler ordering systems offer substantial benefits to consumers. The online food delivery market is now forecast to generate revenues of around 136 billion U.S. dollars in 2020.
In recent years, platform-to-consumer delivery services have disrupted the sector, providing competition to the more traditional method of restaurant-to-consumer delivery. As companies such as Just Eat and Domino’s Pizza continue to fight for a greater share of the market, the business strategies they adopt could make or break their future. Mergers and acquisitions are playing a crucial role in accelerating growth and strengthening market position.
Online food delivery >>