Introduction
Mobile apps have become ubiquitous, encompassing a wide range of services from grocery ordering to bus ticket booking. As apps continue to gain popularity, businesses experience a remarkable surge in growth rate and profitability. Embracing digitization and catering to the growing number of digital buyers present abundant opportunities across various sectors.
The food and beverages industry is a sector that holds tremendous potential for growth through the use of mobile apps. The advent of online food ordering and delivery apps has revolutionized the traditional restaurant business model. The proliferation of food delivery platforms has the potential to significantly elevate eateries’ sales to new heights through online ordering.
Here are some statistics on the F&B industry:
• Currently, 67% of the average restaurant’s revenue is generated from food orders placed through online platforms or over the phone. (source: PYMNTS.com)
• Approximately 70% of consumers prefer to place their orders through a custom app rather than using a third-party app. (source: Hospitality Tech)
• The most frequently utilized channels for digital ordering are restaurant apps and websites, accounting for 62% of all digital orders. (source: NPD)
• As of now, Quick-Service Restaurants (QSRs) generate up to 75% of their sales from online or phone orders on average. (source: PYMNTS.com)
Furthermore, the onset of the cashless economy and the expansion of food delivery enterprises have led to exponential growth in the online food ordering and delivery sector. The convenience offered by the food ordering system has also played a significant role in driving the popularity of mobile apps for food and beverages.
The immense popularity of food and beverage ordering apps can be attributed to their ability to overcome numerous challenges faced by the industry.
Also Read – A Guide to Building Food Ordering App