The global online food delivery market size was valued at USD 221.65 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030. The growth is mainly driven by rising internet penetration coupled with proliferation of smartphones, growing technology advancement, and emergence of cloud kitchens. Cloud kitchens facilitate low set-up costs and help cut down on operational expenses such as employment taxes, servicing personnel, furnishing, utilities, and insurance, making them an attractive investment option. This has compelled several restaurants to venture into cloud kitchen space to stay up to date with evolving market trends.
Read More »March 31, 2023
The global online food delivery services market size was valued at USD 50.70 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 18.7% from 2022 to 2030. In 2020, the COVID-19 pandemic negatively impacted the overall industry growth due to supply chain disruption and end-users’ revenue loss.
Read More »July 27, 2023
The U.S. food truck services market size was valued at USD 1.16 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. A rapid surge in gastronomy and the rising demand among youth for novel dining experiences over traditional dining in brick-and-mortar restaurants are the factors driving the growth.
Read More »August 9, 2022
The global quick commerce market size was estimated at USD 68.82 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 22.2% from 2023 to 2030. The market growth is attributed to the growing demand for faster delivery of essential commodities such as household essentials. Growing traction towards demand delivery of food, groceries, and household essentials coupled with growing per capita income, large-scale industrialization, and rapid urbanization are driving the market growth.
Read More »November 6, 2023
The global food service disposable market size was valued at USD 53.9 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2021 to 2028. The global market is anticipated to be driven by the growing penetration of online food delivery services. Moreover, the increasing popularity of Quick-Service Restaurants (QSRs), especially in the developing regions, such as Asia Pacific, owing to busy lifestyles and hectic work schedules is expected to favor the market growth over the forecast period.
Read More »June 21, 2021
The global autonomous last mile delivery market size was valued at USD 1.14 billion in 2022 and is expected to register a compound annual growth rate (CAGR) of 23.5% from 2023 to 2030. The growth of the industry is attributed to the rising technological advancements in delivery vehicles along with the growing demand in the e-commerce industry
Read More »February 8, 2023
The global cat food market size was estimated at USD 31.28 billion in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 4.4% from 2023 to 2030. The growth of the product market is attributed to the growing ownership of cats, the humanization of pets, and a growing awareness of the importance of pet nutrition worldwide. Additionally, the rise of e-commerce and the availability of cat food online has made it easier for pet owners to find and purchase products that cater to their pet's specific needs.
Read More »September 8, 2023
The global meal kit delivery services market size was valued at USD 20.54 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 15.3% from 2023 to 2030. Increasing preference for home-cooked and chef-cooked food among millennials is a major factor contributing to the growth of the market. The delivery service has been gaining high popularity and adoption among generation Y and Z.
Read More »August 4, 2023
The global drug and gene delivery devices market size to be valued at USD 786.9 Billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% during the forecast period. Growing efforts towards formulating dosage forms that would help in maximizing the bioavailability of the drug at the target site while increasing the patient convenience are driving the global market growth. Introduction of the novel drug delivery systems such as subdermal implants that are available in different forms such as rings and patches are expected to aid in the market growth.
Read More »July 19, 2022
The global government education market size was estimated at USD 558.49 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 17.8% from 2024 to 2030. The market plays a key role in shaping the educational landscape of nations. Government education typically refers to the sector of education that is directly controlled, funded, or regulated by government entities. The market encompasses a wide range of educational institutions and services, from primary and secondary schools to higher education institutions and vocational training programs.
Read More »January 12, 2024