The global online food delivery market size was valued at USD 221.65 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030. The growth is mainly driven by rising internet penetration coupled with proliferation of smartphones, growing technology advancement, and emergence of cloud kitchens. Cloud kitchens facilitate low set-up costs and help cut down on operational expenses such as employment taxes, servicing personnel, furnishing, utilities, and insurance, making them an attractive investment option. This has compelled several restaurants to venture into cloud kitchen space to stay up to date with evolving market trends.
Read More »March 31, 2023
The global online food delivery services market size was valued at USD 50.70 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 18.7% from 2022 to 2030. In 2020, the COVID-19 pandemic negatively impacted the overall industry growth due to supply chain disruption and end-users’ revenue loss.
Read More »July 27, 2023
The U.S. food truck services market size was valued at USD 1.16 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. A rapid surge in gastronomy and the rising demand among youth for novel dining experiences over traditional dining in brick-and-mortar restaurants are the factors driving the growth.
Read More »August 9, 2022
The global food wrap market size was estimated at USD 5.15 billion in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030. The food wrap market is driven by rising consumer demand for convenience, sustainability, and food safety. Besides, increased awareness of eco-friendly packaging, growing online food delivery market, and advancements in materials that extend shelf life are also contributing to the food wrap market growth.
Read More »August 22, 2024
The global quick commerce market size was estimated at USD 68.82 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 22.2% from 2023 to 2030. The market growth is attributed to the growing demand for faster delivery of essential commodities such as household essentials. Growing traction towards demand delivery of food, groceries, and household essentials coupled with growing per capita income, large-scale industrialization, and rapid urbanization are driving the market growth.
Read More »November 6, 2023
The global food service disposable market size was valued at USD 53.9 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2021 to 2028. The global market is anticipated to be driven by the growing penetration of online food delivery services. Moreover, the increasing popularity of Quick-Service Restaurants (QSRs), especially in the developing regions, such as Asia Pacific, owing to busy lifestyles and hectic work schedules is expected to favor the market growth over the forecast period.
Read More »June 21, 2021
The global drone package delivery market size was valued at USD 585.9 million in 2023 and is expected to grow at a CAGR of 38.7% from 2024 to 2030. The rapid growth of e-commerce platforms globally has led to an increased demand for faster and more efficient delivery solutions. Drones offer the ability to deliver packages directly to customers in a short period, reducing the reliance on traditional shipping methods.
Read More »September 16, 2024
The global cross-border e-commerce logistics market size was estimated at USD 97.85 billion in 2023 and is projected to grow at a CAGR of 25.4% from 2024 to 2030. The market growth can be attributed to the rapid expansion of online retail, cross-border trade, and advancements in logistics technology. Moreover, the increasing number of online shoppers, expansion of e-commerce platforms, and the rise of mobile commerce are anticipated to drive the growth of market.
Read More »August 26, 2024
The global autonomous last mile delivery market size was valued at USD 1.14 billion in 2022 and is expected to register a compound annual growth rate (CAGR) of 23.5% from 2023 to 2030. The growth of the industry is attributed to the rising technological advancements in delivery vehicles along with the growing demand in the e-commerce industry
Read More »February 8, 2023
The Europe meal kit delivery services market size was estimated at USD 6.4 billion in 2023 and is expected to grow at a CAGR of 11.8% from 2024 to 2030. Meal kit delivery services have been gaining popularity in the region, especially among young and working individuals.
Read More »June 28, 2024