Improving penetration in Asia-Pacific and Africa to drive revenues past $200 billion, forecasts Frost & Sullivan
LONDON, Sept. 25, 2019 /PRNewswire/ — The online food delivery industry has made restaurants and food retailers more accessible to consumers, and it is flourishing. Frost & Sullivan predicts that by 2025, the revenues in the sector will reach $200 billion, chiefly due to increased penetration in countries like China and India. However, market participants will need to explore and adopt new strategies to derive the most from these opportune times.
In a new interactive webinar, “Four Trends Transforming Online Food Delivery,” taking place on Thursday, 10 October 2019, at 3 p.m. CEST, Sarwant Singh, Managing Partner at Frost & Sullivan, will discuss the key trends and innovative growth strategies being employed in the global online food delivery industry.
For more information and to register for the webinar, please click here.
Key benefits of attending this live briefing:
- Identify the avenues for revenue generation and growth areas in online food delivery.
- Understand the evolving trends that will impact the industry through 2025.
- Learn about the best practices adopted by restaurants and food delivery companies across the world.
“Cross-industry penetration is expected to become common in the online food delivery industry,” noted Singh. “Artificial intelligence and big data analytics platforms will help process restaurant and food choices, delivery, and customer feedback data, while digital payment platforms will provide for faster ordering and improved customer satisfaction.”
Online food delivery companies will increasingly look at new revenue streams to stay ahead of the competition. Cloud or dark kitchens are expected to become a popular setup for online food delivery companies to either prepare food or rent space to food businesses. The market is currently worth $105 million in India alone and is expected to grow at 15% year-on-year and double in capacity by the end of 2019.
This webinar will be recorded and available for on-demand viewing at frost.ly/3qg
About Frost & Sullivan
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