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How you can Capitalize on the Booming Food Delivery Market?

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How you can Capitalize on the Booming Food Delivery Market?

This fast-moving world is working to achieve one common feat at the end of the day, the food. Food delivery services have become an integral part of our lives. Be it our homes or workplaces; we get instant doorstep deliveries of our favorite food items. This convenience is one of the most important factors attributing to the success of food delivery apps. The market is growing at an exponential rate higher than what is predicted by the experts. Entrepreneurs are constantly looking for ways to capitalize on this flourishing market. In this blog, let’s take a look at the growth of the market and strategies to thrive with an Ubereats clone app.

The growth of food delivery services market: 

  • The global food delivery market is expected to grow at a CAGR of 15.4% between 2019 and 2025. 
  • The online market, valued at $107.44 billion in 2019, is forecasted to grow to a whopping value of $154.34 billion by 2023. 
  • As many as 1.2 billion people are accessing food delivery services in 2020. 
  • The mobile apps food delivery market is expected to generate $38 billion by 2020. 
  • Almost 60% of the restaurants have agreed that accepting online food orders have boosted their sales significantly. 

 

Al these facts claim that the market is booming more than ever. 

Strategies to thrive in the food delivery services market: 

As an entrepreneur, sustaining your business and earning revenue consistently must be your primary aim. These strategies include 

  • Utilize surge pricing effectively: There are certain regions where the demand for food deliveries is very high. Hence, to offer instant deliveries, you can charge users a certain amount of money. This way, by rerouting delivery professionals towards these areas, you can add a steady source of income from the app. 
  • Provide a support team: You need to hear out user queries almost instantly. As a result, in addition to the ratings and reviews feature, you can have a support system ready to help users with any queries. A support team to assist you can significantly come in handy to increase user reliability towards the app. 
  • Offers to attract customers: Your customers are the best marketing tools you can use to promote your app. Hence, you can provide attractive offers and discounts to increase customer engagement towards the app. This can lead to your app promotion, as well. 

 

Wrapping up, 

The growth of online food delivery platforms is evident with new users accessing the app with each passing day. It is necessary to implement these strategies in your Ubereats clone to gain a strong customer base and enhance your business in the market.

 
 
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