How Fast is the food delivery industry growing

Category: Food & Drink

In recent years, the food sector has undergone a major transformation. Customers can now buy food online and have it shipped to their homes in as little as an hour. In reality, over the last five years, online food ordering and restaurant delivery have grown at a pace of over 20%. While figures vary by region, by 2025, online food distribution is estimated to be worth more than $220 billion. This equates to almost 40% of overall restaurant profits. For all of the shifts in the food ordering and distribution industries, restaurants must keep up with the latest developments. This is still an excellent opportunity to look at potential growth prospects and invest in the right business segment. The rise in online ordering and distribution of foods is not a lie, as the figures show. In terms of share, online grocery shopping currently accounts for around 42 percent of the total industry. The food industry grows at a 3.7 percent annual rate overall, with internet shopping and food delivery increasing at a 15-20 percent annual rate.