/PRNewswire/ Set to grow by $ 215.56 bn during 2020-2024, Technavio s latest market research report estimates the food delivery services market to register.
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NEW YORK, April 5, 2021 /PRNewswire/
The food delivery services market is expected to grow by $ 215.56 bn, progressing at a CAGR of over 12% during the forecast period.
Technavio has announced its latest market research report titled Food Delivery Services Market by Business and Geography - Forecast and Analysis 2020-2024
The growing mergers and acquisitions is one of the major factors propelling the market growth. However, factors such as growing threat from direct delivery services will hamper the market growth.
Food Delivery Services Market: Market Landscape Landscape
Based on the market landscapes, the order-focused segment is expected to witness lucrative growth during the forecast period.
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the online on-demand food delivery services market.
Frequently Asked Questions:
Based on segmentation by business model, which is the leading segment in the market?
Based on the business model, the market saw maximum growth in the order-focused food delivery services segment in 2019.
What are the major trends in the market?
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Claudia Arney is the Chair of the Company. Her previous non-executive experience includes; chair of the remuneration committee at Halfords plc, senior independent director of Telecity Group plc, governance committee chair at Aviva plc, non-executive director at Ocado Group plc and non-executive director and interim chair of Premier League. Claudia began her executive career at McKinsey & Company, before holding roles at Pearson, the Financial Times, Goldman Sachs, and HM Treasury. She was CEO of thestreet.co.uk, and group managing director at EMAP. Alongside Deliveroo, Claudia is currently remuneration committee chair at Derwent London plc and chair of the remuneration committee of Kingfisher plc. Claudia also serves as a member of the Panel on Takeovers and Mergers.