Exciting Trends and Insights on Food Delivery App Clones
henrywilliam03
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  • Reads 2
  • Votes 0
  • Parts 1
  • Time 5m
henrywilliam03
Ongoing, First published Oct 09, 2024
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The food delivery market possesses great potential growth opportunities. The estimated value of the global food delivery market in the year 2020 stood at approximately $107.4 billion. Within three years from then, the industry is expected to grow and hit $154.34 billion effective from the year 2023, at a Compound Annual Growth Rate (CAGR) of 11.51%.

COVID-19's influence also contributed to this shift in that among the consumers, 60% were active users of food delivery services while 30% used the services even after the pandemic subsided, thanks to the convenience culture.

As this has taken place, more opportunities have been opened for people to capitalize on such trends, especially in food delivery app clones that are asserted to be less expensive and very effective in furbishing this glamorous business.

This article aims to focus on the food delivery application clones to highlight the recent trends and the developments appropriate for the business people willing to venture into this booming Industry.
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