Factors Driving the Online Food Delivery Market

The online food delivery market is expected to grow at 10.8% a year from 2022 to 2028, primarily due to more smartphone and internet users who cannot cook at home. The global market could top $466 billion by 2027, indicating strong potential.

Key players include the owner and admin. Revenue comes from fees to list restaurants, order commissions, and delivery fees. Determine your niche, partner with restaurants, and hire delivery persons with vehicles to start. Reliable delivery ensures the meal arrives in good shape.

DoorDash has 50% USA market share, showing the potential.

Guidelines for Starting an Online Food Delivery Business

Research the market, develop an app with key features, get licenses, and define order taking, partnerships, and delivery logistics to start your own business. Integrating AI and IoT will be key to stay competitive. Grocery delivery also shows 22.8% projected growth by 2023. With proper planning and execution, an online food delivery business can leverage industry trends.