The Advantages of the Growing Market for food delivery service App

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ADVANTAGES OF GROWING MARKET FOR FOOD DELIVERY
SERVICE APP
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The food delivery market has continued to grow at
a tremendous rate. People have inclined more and
more towards the app owing to its convenience
and reliability. The advent of doorstep services
has brought people the services they desire,
ringing their doorbells. Apps like UberEats,
DoorDash have gained increased importance in
todays world.
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The rise of these food delivery services apps has
some added advantages attached to it. If you are
an emerging entrepreneur looking to develop an
UberEats clone, you are entitled to know the
surge in the market and the advantages of the
app. The market behind these food delivery apps
and their advantages are discussed here.
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GROWING MARKET
The percentage of online ordering surged as high
as 53 by the end of 2019 and expected to grow
by 58 by the end of 2020. It is to be noted that
the market was only 8 in 2012. The US Food
delivery market is expected to rise to a
whopping 79 by 2024. According to Digital
Marketing Outlook, it is expected around 86.3
million users in the food delivery segment in
Europe by 2024. Major online food delivery
platforms like Swiggy and Zomato get on an
average of 1.4 Million orders per day.
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EASE OF USE
Looking for various restaurants in the town is
just one tap away. Food delivery apps have
brought varied restaurants under one roof. Users
have the Ease of Use to order food from any
restaurants and get them delivered at their
doorsteps.
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Profitable
The financial aspects of a food delivery app is
that it is highly profitable. Considering Unit
economics, platforms like Zomato are earning 1
per order as their gross margin. With Users
pouring in to use the app, the revenue just
multiplies endlessly.
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RELIABILITY
Food delivery apps have gained a major
reputation in the market. Users rely more on
these apps as they provide instant doorstep
services. This reliability of the users
increases the trustworthiness of the app in the
market. This directly leads to increased profit
shares.
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CONCLUSION
On-demand food delivery apps have become a part
of peoples lives nowadays. Exciting offers and
discounts attract customers towards the app.
With Skyrocketing revenue returns, the food
delivery business can be an ideal venture to do
business with. This growing market can house
multiple worthy opponents offering the
advantageous and best service to the people.
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