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Online Food Delivery Market To Grow 10% This Year, Study Finds

Published on Jan 6 2021 8:58 AM in Technology tagged: Featured Post / E-Commerce / Online / Food Delivery / Paywall

Online Food Delivery Market To Grow 10% This Year, Study Finds

A continuation of lockdown measures, coupled with changes to consumer behaviour, mean that the global online food delivery market is expected to grow by 10% this year, compared to 2020, a new study has found.

The study, conducted by StockApps.com and Statista, says that the market could be worth around $151.5 billion (€122.9 billion) this year, with some 1.6 billion people around the world using online food delivery services.

According to the study, revenues in the online food delivery segment surged by close to 30% amidst the COVID-19 outbreak.

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