Online Food Delivery Market to Reach US$ 223.7 Billion by 2027, At a Growth Rate (CAGR) of 11.44%
According to IMARC Group’s latest report, titled “ Online Food Delivery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” the global online food delivery market size reached US$ 106.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 223.7 Billion by 2027, exhibiting at a growth rate (CAGR) of 11.44% during 2022-2027. Online food delivery refers to platforms that allow customers to order food from their desired restaurants through the internet. They can be categorized into restaurant websites and third-party food delivery apps, such as Grubhub or Uber Eats. Online food delivery systems offer an extensive selection of restaurants, making it extremely convenient for customers to find the type of food they are looking for. They facilitate doorstep food delivery and prove to be extremely time-consuming. Online food delivery solutions even ensure labor and cost savings for restaurants and provide enhanced accu...