Modern technology is one of the most significant successes, brings a lot of benefits to human life, and has a lot of big effects on most industries. Thanks to technology, the food service industry has also shaken up and developed more than ever. Nowadays, if you are lying on your bed, you can order a great meal right and be shipped to your door only with a smartphone, everything becomes easy and convenient. If you are a pretty busy person who often has to order food online to save time, let mealkitscanada.ca prepare it for you where you have tons of different options to have a delicious meal.
In recent years, according to Restaurants Canada’s most recent Restaurant Outlook Survey, many restaurants have combined third-party delivery for boosting their sales and simultaneously, expanding their reach to new customers, this becomes more and more quickly when they collaborate with websites that offer food service delivery. Online food service is the good method of evaluation that is appreciated and effective.
Applying third-party delivery is changing the entire business model of the foodservice industry as we can see.
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Foodservice Delivery in Canada
As we can see, the sales of Food Service delivery in Canada in the 12 months ending February 2019 were only $3.3 billion (according to The NPD Group). Now, in 2022 the revenue in the Online Food Delivery segment is projected to reach up to US$6.12bn (according to Statista Survey). This shows that online food service delivery has developed strongly.
As professionals' evaluating, revenue is expected from 2022 to 2027 to show an annual growth rate of 10.16%, expected to reach market volume of US$9.92bn by 2027.
In this 2022, the market's largest segment is Restaurant-to-Consumer Delivery, a projected market volume is US$3.47bn.
Based on the global sales, if we compare countries with each other, most revenue will be generated in China, US$155,900.00m in 2022.
In the Online Food Delivery segment, the average revenue per user is projected to be up to US$370.30 in 2022.
If we keep this the speed of racing, we can expect in 2027, the number of users is to amount to 21.9M users by 2027.
In the Online Food Delivery segment, user penetration will be at 43.0% in 2022.
Consumer's Perspective
Based on the chart, you can see that the rate of using delivery platforms from users has increased quickly (2017-2022, estimated 10,6 billion users), this number is expected to rase 15,9 billion users in 2027. This demonstrates that consumers are tending to order online food service more and more.
With the tons of to-do-work now, we are quite busy, many have less time to go grocery shopping as well as prepare meals. Delivery clearly adapts to the consumer's need for speed and convenience, especially younger people (19,4%) want instant gratification.
This shows clearly on the chart about users of age, now users of 35-60 ages nearly 30%.
In fact, 47,5 percent of males used an app to order items for delivery in the last of 2021, while female is 52,5 percent of users by gender.
When it comes to ordering according to income, 40,9 percent of high-income people order per month or more. This compares to medium income, higher a bit (32,6%) and higher than low invoice much, 26,4% in 2021.
The Restaurant Operator Perspective
Going with the third-party aggregators, the restaurant uses these delivery services varies by segment. From the Statista Survey, 6,1 billion users in 2017, the number of full-service restaurants is up to 10,6 billion users in 2022.
Now, we see that the revenue of restaurants is increasing 335,2 in USD.
So this shows that third-party delivery is successful for some restaurants and helps them to get more revenue.
In Conclusion
Delivery is a huge opportunity and also is a challenge in the food industry. Consumer's demand is higher and higher. If the restaurants can successfully navigate this challenge, this will be great to develop our food industry. You can find some good websites for online food delivery in Canada exclude mealkitscanada.ca to help guests to order the best foods such as DoorDash, SkipTheDishes,...
