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Mharukh ShaikhThe Rise of Online Food
Booking
The online food booking market is booming. It's projected to reach
$474.90 billion by 2028. This represents a CAGR of 10.09%
between 2023-2028. Convenience is a major driver. 60% of
consumers order food online weekly.
Presented By
Bhadarge Gauri - 2205690257
Shah Amrin - 2205690324
Ansari Mudassaranaaz - 2205690350
Shaikh Mharukh - 2205690353
Qureshi Safa - 2205690358
Benefits for Restaurants
Increased Order Expanded Customer
Volume Reach
Restaurants see an Access new
average 20% increase in demographics through
orders within 3 months. online platforms.
Streamlined Operations
Automated order processing and management improve
efficiency.
Data analytics provide insights to optimize inventory and marketing.
Benefits for Consumers
Convenience Wider Choice Easy Customization
Comparison
Consumers enjoy ordering from anywhere. They can access diverse cuisines, compare prices and customize orders.
Key Players in the Market
Delivery Platforms Restaurant Aggregators Cloud Kitchens
• DoorDash (36%) • OpenTable (52,000+) • Kitchen United
• Uber Eats (28%) • Resy • CloudKitchens (4,000+)
• Grubhub (13%) • Yelp
(US Market 2023)
The online food booking market is very diverse.
Emerging Trends
Ghost Kitchens Sustainable Packaging
Rapid growth due to lower Growing demand for eco-
overhead and increased friendly practices.
demand.
Voice Ordering
Integration with smart speakers.
Subscription models and contactless delivery are also on the rise.
60% prefer contactless delivery.
The Role of Technology
Mobile Apps (70% of orders)
GPS Tracking
Payment Gateways
Restaurant Management Systems
Technology is very important. Data analytics provides key metrics.
Marketing Strategies
SEO
Improve online visibility.
Social Media
Engage with customers.
Email Marketing
Build customer loyalty.
Loyalty programs and partnerships with delivery platforms are also essential.
Challenges and Opportunities
High Fees 1 Data Privacy
2
Labor
4 Competition
3
Expansion into new markets and offering personalized experiences represent big opportunities.
Future of Online Food
Booking
New Technologies
Blockchain, drones
Sustainability
Ethical practices
Personalization
Immersive experiences
The market is expected to reach $474.90 billion by 2028.
Conclusion
$474.90B
Market Size
Expected by 2028
10.09%
CAGR
During 2023-2028
Online food ordering continues to grow. Restaurants need to
embrace technology to thrive.
