The restaurant industry? The delivery industry!

How much did the sales of the delivery business increase due to the Covid19 impact?

With the Covid-19 pandemic affecting our lives in many ways, the restaurant industry has been hit hard. However, one industry that has seen significant growth is the food delivery industry. Here are some of the statistics that show how much the sales of the delivery business have increased due to the Covid19 impact:

Food Delivery

Bullet Points:

• The food delivery market in the US was valued at $26.5 billion in 2018, and it is expected to reach $94.4 billion by 2023, with a compound annual growth rate (CAGR) of 29.8%. (source: Mordor Intelligence)
• In 2020, food delivery orders increased by 67% compared to 2019. (source: Edison Trends)
• Grubhub, one of the largest food delivery companies in the US, reported a 52% increase in revenue in Q2 2020 compared to Q2 2019. (source: Grubhub)
• DoorDash, another popular food delivery platform, reported a 214% increase in sales in Q2 2020 compared to Q2 2019. (source: DoorDash)
• Uber Eats, the food delivery arm of ride-sharing giant Uber, reported a 103% increase in bookings in Q2 2020 compared to Q2 2019. (source: Uber)

Detail Description:

The Covid-19 pandemic has had a significant impact on the restaurant industry, with many restaurants having to close their doors temporarily or even permanently. However, the pandemic has also led to a surge in demand for food delivery services, as people have been advised to stay home and avoid unnecessary trips outside.

According to a report by Mordor Intelligence, the food delivery market in the US was valued at $26.5 billion in 2018 and is expected to reach $94.4 billion by 2023, with a compound annual growth rate (CAGR) of 29.8%. This growth can be attributed to the convenience and ease of using food delivery apps, which allow customers to order food from their favorite restaurants with just a few taps on their smartphones.

In 2020, food delivery orders increased by 67% compared to 2019, according to a report by Edison Trends. This surge in demand has been a lifeline for many restaurants, as it has allowed them to continue serving customers even during the pandemic.

Many food delivery platforms have reported significant increases in sales in 2020. For example, Grubhub reported a 52% increase in revenue in Q2 2020 compared to Q2 2019. DoorDash, another popular food delivery platform, reported a 214% increase in sales in Q2 2020 compared to Q2 2019. Uber Eats, the food delivery arm of ride-sharing giant Uber, reported a 103% increase in bookings in Q2 2020 compared to Q2 2019.

In conclusion, the Covid-19 pandemic has had a profound impact on the restaurant industry, but it has also led to significant growth in the food delivery industry. As people continue to stay home and practice social distancing, it is likely that food delivery services will remain in high demand in the coming months and years.