Did you know food delivery services grew 164% in the last year with 25% more Americans turning to food delivery apps? Read on for a round-up of food and beverage purchasing behavior trends – and predictions for the future:
- Nearly 24 million households have increased their use of grocery delivery services in 2020.
- A new survey from CVS Pharmacy® reveals that two-thirds of American adults are snacking at home more often.
- 68% of consumers are more likely to purchase food from a restaurant according to the National Restaurant Association’s State of the Industry. According to the report, more than half (about 53%) of adults say buying takeout or delivery food is “essential to the way they live.”
- According to the Online Food Delivery Services Global Market Report, market growth for online food delivery services is forecast to increase from $115.07 billion in 2020 to $126.91 billion in 2021. And, the market is expected to reach $192.16 billion by 2025.
The Bottom Line: Online food delivery services are on the rise and show no signs of slowing amid lifting pandemic-era restrictions. Food and beverage companies would be wise to consider strategies that tap into the surging popularity of e-commerce.
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