Food Delivery App Development Market Trends
On-demand food delivery apps are popular these days due to their affordability and convenience. With just a few clicks, users can have their favorite foods delivered to their doorstep. The online food delivery market volume is expected to reach over $2 trillion by 2030, according to a Statista report.
Food delivery apps prioritize time and convenience, which directly impacts the user experience. In addition, there is a visible menu that allows users to search for food products and track their orders through simple keyword research.
More features like push notifications, location-based restaurants, and easy payment modes are making food delivery app solutions more popular than ever.
You (as a business owner) can also consider app development from a leading food delivery app development company to make big profits.
Food Delivery App - Revenue Streams
Delivery Margin
In the event of unavailability of delivery services, the admin may charge delivery fees based on the distance traveled or a percentage of the order quantity.
Peak Hour Surcharge
Another monetization technique you can use to make money is to add extra fees during peak hours, like lunch and dinner. You can limit your menu and location during these hours and charge extra for providing options.
Advertisement
The following technique provides an opportunity to promote a restaurant at an additional cost and make its presence visible on the featured list, which attracts more customers.
Commission
Another effective monetization method is commission rates, which allow on-demand food delivery app owners (like you) to partner with top restaurants for a predefined commission based on order size.