How Much Does it Cost Build an On Demand Food Delivery App
Apps like UberEats, GrubHub, and Zomato seamlessly combine two universally cherished elements – convenience and cuisine. They bring the entire food ordering experience to the fingertips of millions, transcending culinary boundaries. These on-demand food delivery mobile applications are poised to become instant favorites among a diverse range of mobile app users, regardless of their demographic.
The rapid popularity of food delivery apps on both the App Store and Play Store positions them as a highly promising business venture. This certainty has prompted a lingering question in the app market: How much does it cost to create a food delivery app akin to UberEats, Swiggy, Zomato, or a restaurant app with extended features? The response to this inquiry will be elaborated further in this article. However, prior to delving into the cost structure for on demand food delivery app development, it's essential to assess the market's potential for aspiring entrants.
Food Delivery App Market Share
The convenience of dining at your fingertips through smartphone apps has spurred a surge in the usage of online food delivery applications. This rapid growth in the food delivery app industry signifies the diminishing gap between online and offline dining experiences. It is evident that in just a few years, online demand is set to surpass offline demand.
A compelling indicator of this trend is the projection that the online food delivery market will reach USD 10,196 million by the end of this year. Furthermore, the market share is expected to reach USD 14,679 million by 2024, with a notable compound annual growth rate (CAGR) of 9.5%.
According to reports from USA Today, the online food delivery market generated $17 billion in revenue in 2018, increasing to $19.472 billion in 2019. The same report predicts that in 2021, the online food delivery market in the United States is poised to reach $22.332 billion, serving over 116.1 million users.
By 2023, it is anticipated that the total online food delivery market in the United States will expand to $24.461 billion, catering to over 124.4 million users. This shift in dining culture has led to a surge in the development of online food delivery apps in Virginia and other regions of the United States.
Rather than simply acknowledging the sheer size of the food delivery market, let's delve deeper into the various types of online food delivery apps. But first, let's explore the cost associated with building a food delivery app.
Cost to build an On Demand Food Delivery App
Determining the food delivery app development cost, similar to the question of how much it costs to create an app like Postmates, involves several factors. These factors include the specific features you wish to incorporate into your on-demand food delivery mobile app and the resources needed to progress from the initial idea to the app's launch phase. Generally, developing a food delivery app akin to UberEats or GrubHub could range from approximately $30,000 to $40,000.
For more information on food delivery app development cost, book a consultation with InfoStride today.
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