Food Apps – Coruscate Solutions https://www.coruscatesolution.com Custom Website Development Company Sat, 28 Aug 2021 13:08:39 +0000 en-US hourly 1 https://www.coruscatesolution.com/wp-content/uploads/2019/05/favicon_864edbf3ffd8d240f22ad0efd9a190c7-60x60_d5dff2c2ec67fb43259dd3f73efaacd5.png Food Apps – Coruscate Solutions https://www.coruscatesolution.com 32 32 Industry Insights of On-demand food delivery app businesses : Current Market and Future Trendspotting https://www.coruscatesolution.com/future-ready-on-demand-food-delivery-app-solution-2/ Tue, 19 Jan 2021 06:09:30 +0000 https://www.coruscatesolution.com/?p=25170 Since the world has started moving fast-tracked towards digitalization, businesses of all the industries have no other option but to keep up with it. The food-service industry is no exception…

The post Industry Insights of On-demand food delivery app businesses : Current Market and Future Trendspotting appeared first on Coruscate Solutions.

]]>
Since the world has started moving fast-tracked towards digitalization, businesses of all the industries have no other option but to keep up with it. The food-service industry is no exception to this.

Though the on demand food delivery apps were popular among the masses even before the pandemic, during the pandemic, they got praiseworthy appreciation.

From restaurants to food trucks, the trend of ordering food through the application is passing fancy amongst the consumers.

As customers could enjoy the much-loved food from their favorite restaurants without leaving their home or breaking the lockdown restrictions.

Some of the leading players in the industry across the globe are: DoorDash, Grubhub, Instacart, Just Eat, Postmates, Seamless, Uber Eats, Zomato, etc.

The success of any food delivery app highly depends on the UI/UX. Thus the demand for unique and reliable food delivery app development solutions has increased globally.

And here we are with the extraordinary food delivery app solutions for you. So, without further ado, let’s start with the market analysis and customer behavior in the industry.

Current scenario of the global on demand food delivery market:

As stated, due to the recent constraints in dining in restaurants, many companies across the globe like Grubhub, Uber Eats have seen an influx of app usage during the pandemic.

According to the report published by eMarketer, Q2 of 2020 has seen the highest year-over-year growth of 25.2% in daily average orders on food delivery apps which marked 45.6 million numbers.

Another report published by Statista on on demand food delivery apps mentions the revenue of the USA food delivery market amounts to USD 23.9 Billion in the year 2020 and estimates a whopping hike of USD 29.2 Billion by the year 2024 in the revenue.

After looking at the fascinating opportunities of penetrating the flourishing on demand food delivery industry, the first thought that comes to mind is to understand how this business works! So, let’s see:

Nuts & Bolts of on demand food delivery business?

The first and foremost aspect of any business is the stakeholders involved in it. So, let’s how many parties are involved in the food delivery business.

» Stakeholders in an on demand food delivery business:

Admin/Aggregator

Admin/Aggregator is the one who owns/manages the backend of the food delivery app and engages multiple restaurants as well as customers.

Restaurant Partners

These are the restaurants that tie-up with the admin to offer their food offerings in the delivery app in return for a commission.

Delivery Partners

The delivery partners are crucial entities in an on demand food delivery business as they are the one who takes responsibility for delivering the food to the right place at the right time.

Customers

No definition is needed to explain this stakeholder, customers are the heart of the food delivery business like any other business.

» Business models of food delivery service:

A food delivery app can be offered by any particular restaurant or by an independent entrepreneur or joint venture by both of them. This way, the food delivery business can work in 3 distinct business models:

Admin/Aggregator owned app

In this model, a third-party owns the food delivery app, partners with different restaurants. The most popular aggregators that earned higher customer/restaurant loyalty worldwide through this model in the industry are DoorDash, Grubhub, UberEats, Zomato, etc.

In most cases, they offer subscription plans for restaurants to enlist them on the app and charge a small commission from them on every successful order through the app.

Here, the admin may or may not provide the delivery network of personnel and vehicles, but certainly, provides separate UI for the delivery team in their app.

Restaurant owned app

The restaurants can have their in-house delivery network and in such cases, the restaurant owns/manages the food delivery app. Dominos Pizza is a classic example of this business model.

This business model of food delivery service ensures higher customer loyalty. As restaurants, here enjoy full control over delivery services in terms of human resources, vehicles, time, and accuracy.

But more often than not, restaurants have to maintain higher standards of delivery on-time and quality of food.

Hybrid app

As the name suggests, restaurants that own a food delivery app can collaborate with aggregator packaging and delivery to avoid the additional expenses of setting up a delivery network.

But there are inevitable disadvantages of relying on the third-party for delivery, such as maintaining the quality in packaging, ensuring timely delivery, etc.

» Crucial aspects of the food delivery app solution:

The food delivery app is the heart and soul of the business. As the failure or success of your business solely depends on the UI/UX of your app.

To launch a commendable app in the market, the technical aspects of the development process should be robust, secure, and flexible to accommodate any additional features your app may need in the future.

For that, you need to hire a talented UI/UX designer for eye-appealing app design, an experienced web designing team that can convert your website to a PWA for better UX, a professional database & backend team, most importantly proficient quality & testing team that can fix errors/bugs in your app.

As we have discussed, a food delivery business needs three different user interfaces (UI) for customers, restaurants, and delivery partners according to their different usage needs.

UI for customer

Customer UI should offer them to locate the nearby restaurants, check the menu, order from the app, payment through the app, help & support, track the delivery.

UI for restaurant

Restaurant UI should allow them to manage their menu, specialties, pricing, offers, and related things.

UI for delivery partners

Delivery UI should help the delivery team to accurately locate the place of receiving/delivery, trace the route to the location, update/manage the status of the delivery.

In the case where admin and restaurant are separate parties, admin owns/manages the backend of the app and they connect with the restaurant customer-orders through their apps.

Therefore, in any case, you have two options for app designing:

  • To create a single app with three different UI under the same branding.
  • To create three different apps for separate UI and seamlessly sync all 3 together under the same branding.

While login, registration, and profile management features are needed for all the three UI, the holistic food delivery app should have customized & advanced features for better UX and keep your app relevant in the cut-throat competition of the market.

» Advanced features of an on demand food delivering app:

Admin Panel

  • Customized Dashboard
  • Restaurant Management
  • Delivery Management
  • Customer Management
  • Order Management
  • Payment Management
  • Offers & Promotions
  • Push Notifications
  • Analytics

Restaurant Panel:

  • Customized Dashboard
  • Brand theme management
  • Stock Management
  • Order Management
  • Customer Management
  • Payment Details
  • Offers and Promotions
  • Push Notifications
  • Help & Support
  • Analytics

Customer Panel

  • Easy onboarding
  • Manage profile
  • Interactive UI
  • Smart search for cuisine
  • Ingredients details in the meal
  • Place an order with invoice details
  • Manage order
  • Track order
  • Multiple Payment gateways
  • Offer and promotional benefits details
  • Push notifications
  • Chatbot for help & support

Delivery Panel

  • Customized Dashboard
  • Profile and availability management
  • Auto assignment of orders
  • Real-time delivery requests and tracking
  • Delivery management/prioritization
  • Delivery history
  • Invoice and payment details/history
  • Push notifications
  • Support

Rising & Shining:

Though the food delivery service market is flourishing, so are the existing players of the industry. Be it in terms of delivery service standards, app features, or technical aspects.

If you are looking for thriving in the food delivery industry with your app by just providing a couple of new features, or marketing no-contact delivery would be of no help.

You have to market-ready with some brilliant ideas for increasing your customer base, for example, including grocery service or meal-kit delivery. 

You can also think of developing an app for not just food delivery but one that provides users a personalized feed of updates/developments/new launch/delicious fusion food options to increase engagement and retention.

Whether you plan to put an aggregator app or a stand-alone app for your restaurant in the market, as we saw, technical aspects of your app would be difficult to handle if you don’t have an expert team of app designers/developers.

Coruscate is the place where all of the above advancements can be brought in your app. We can not just help you develop an incredible future-ready food delivery app solution, but can also help you define the business opportunities, business model, strategy to grab the market and bring your business to another level.

You can reach out at any time to us for more information and a thriving solution! We are just a click away!

The post Industry Insights of On-demand food delivery app businesses : Current Market and Future Trendspotting appeared first on Coruscate Solutions.

]]>
The next thing in the on-demand food delivery business: Expedia-d for food delivery like FoodBoss & MealMe https://www.coruscatesolution.com/food-delivery-expedia-like-foodboss-2/ Sat, 02 Jan 2021 05:44:45 +0000 https://www.coruscatesolution.com/?p=25163 As dine-in restaurants are not a safe option in the current situation of the COVID-19 outbreak, more and more people are now relying on online food delivery apps. However, in…

The post The next thing in the on-demand food delivery business: Expedia-d for food delivery like FoodBoss & MealMe appeared first on Coruscate Solutions.

]]>
As dine-in restaurants are not a safe option in the current situation of the COVID-19 outbreak, more and more people are now relying on online food delivery apps.

However, in this turbulent situation, where everyone is tired of eating the same food at their home and looking out for something delicious every day, you may have to wait more or pay more for your meals to be delivered.

On top of that, we all end up spending way too much time toggling between different apps to figure out which app has your favorite restaurants, the lowest delivery fee, or any special deal available.

In this day and age, where no one can afford to waste precious time on such repetitive tasks, the sense of togetherness by the consumers and delivery service providers is a must, to make it stabilized.

This is where a neutral third-party aggregator for the food-delivery marketplace becomes very helpful. Similar to what Trivago or Expedia is doing in the travel and hotel industry.

Providing a single platform to users where they can easily get the best deal in food delivery service using filters like cuisine type, restaurants, delivery price, time, etc., is currently trending in the USA.

Currently, two such apps are very popular in the USA named FoodBoss and MealMe. Both apps function the same way Kayak, Expedia, Trivago do for travel.

They let customers compare the different food-delivery service players available in their localities, in terms of their delivery time and costs estimates side-by-side, without constantly swapping them.

Let’s understand the business models of both the apps in-detail.

FoodBoss business model

The Chicago-based food delivery search engine startup, FoodBoss (formerly known as Bootler) was founded in 2016. Currently, FoodBoss is available in 55 cities across the USA.

It aggregates over 165000 local restaurants across those cities that have their internal delivery service and third-party food delivery services – UberEats, Postmates, Caviar, Delivery.com to its app.

Users can find the list of restaurants and the delivery services, along with estimated delivery time and delivery fees (including service charges, surge prices, and taxes) by entering their address in the FoodBoss app.

The FoodBoss app also offers its users an option to filter out the results based on the cuisine type, fastest delivery time, or least expensive delivery fees, etc., to find the best deals for them.

The value proposition for the consumer is FoodBoss highlights the based ordering method as per their priorities and shows real-time information of prices/time from delivery service providers.

For now, FoodBoss is reliant on its third-party delivery service partners for the data, if they cut off down the road, FoodBoss could lose their relevance fast.

MealMe business model

MealMe is an evolving startup, which provides both an aggregator function like FoodBoss with an option to make a reservation and share food pics to their users through the MealMe app.

Recently, MealMe expanded its services by offering at-home chefs to sell their prepared meals through the MealMe app.

MealMe app also operates somewhat differently than the FoodBoss app. After creating an account on MealMe, users will find nearby restaurants. It also allows users to search for a particular restaurant.

When they tap on one, the app shows all the third-party delivery services working with that restaurant and which is less expensive among them, based on delivery fees, service charges, surge fees, etc.

The app doesn’t show the estimated delivery time. When the users select the service they find suitable, the app then redirects the user into that app.

By offering an option to book reservations and share pictures of the food/place on the app to its customers, MealMe incorporates crucial bits from both Yelp and Instagram.

With guests posting their food pictures, restaurants can also claim their brand pages on the MealMe app and post pictures of their food/place by themselves.

The value addition is that MealMe provides an option for restaurants to interact with customers on a human level when compared with other platforms that might be just ratings based.

On the other hand, MealMe also allows customers to solely focus on price comparison, if they are not interested in social networking, considering their privacy.

Another key part of the MealMe business model is affiliate marketing partnerships with the largest U.S. delivery providers.

MealMe allows in-app advertisements for such restaurants, looking to reach customers who are ready to place an order. By sending them direct customers, it earns a portion of their transactions.

Though MealMe includes all of the major food delivery service apps, and available in more cities, it is only available on iOS at present. Also, it gives limited information before redirecting users to the delivery app.

On the other hand, though FoodBoss operates in fewer cities and has fewer delivery services to compare, it gives more information than MealMe and is available on more platforms.

However, MealMe is on its way to expand its sphere of services in terms of adding new verticals, like alcohol or grocery to its app.

Turning around with Coruscate

As the food delivery service market is flourishing, the competition in terms of delivery service standards, app features, or technical aspects is also increasing.

Even if you are planning to develop an aggregator-based app like FoodBoss or MealMe, you need an expert team of app designers/developers to build your app solution future-ready.

Being a leading mobile app development company, we not just expertise in developing an incredible future-ready food delivery app solution, but also help you make an informed decision to take your food delivery app business to another level in the market.

The post The next thing in the on-demand food delivery business: Expedia-d for food delivery like FoodBoss & MealMe appeared first on Coruscate Solutions.

]]>
Food Delivery App Business Future potential – pandemic has more than doubled business of food-delivery apps https://www.coruscatesolution.com/food-delivery-app-business-future-potential/ Fri, 25 Dec 2020 11:59:23 +0000 https://www.coruscatesolution.com/?p=25125 The year 2020, especially the global pandemic will have an ever-lasting impact on humankind by causing unique complications in the NORMAL LIFE of the people. Businesses of every industry all…

The post Food Delivery App Business Future potential – pandemic has more than doubled business of food-delivery apps appeared first on Coruscate Solutions.

]]>
The year 2020, especially the global pandemic will have an ever-lasting impact on humankind by causing unique complications in the NORMAL LIFE of the people.

Businesses of every industry all over the world have also faced challenges in their functionary due to change in customer behavior amid the pandemic.

As a fact, food delivery businesses across the globe have well-survived against all these challenges. Some even thrived in the pandemic by expeditiously adopting NEED OF THE HOUR business practices.

The reason being, people nowadays are limiting their exposure to crowded places, and the convenience offered by the food delivery apps is increasing the demand for such food delivery apps.

You can check our recent blog, which dedicated to the innovative conveniences offered by food delivery app giants – Click Here to Read

The graph above depicts the same thing. Moreover, with the increased demand, the revenue of the online food delivery app business projected to reach 14,670 million dollars in 2024, shown below:

These statistics feel quite motivating for startups that are looking forward to establishing their online food delivery app business.

However, the opportunity lies here only with the businesses that are more than ready to make improvements in their operations according to the changing trends and customer’s expectations.

Food delivery giants like Deliveroo, Grubhub, Just Eat, UberEats have captured huge market share. To keep up with them in the market demands a future-ready business solution for your food delivery app business.

You can check our dedicated blog to find innovative ways to save your business in this rapidly consolidating food delivery app market – Click Here to Read

However, there are some areas where these brands have not been reached yet, and that’s where the potential for emerging food delivery app businesses lies.

In this blog, we will help you determine such unique business opportunities that will get you success in the cutthroat competitive food delivery market. So, without further ado, let’s have a look:

Business opportunities for Food Delivery App businesses

The food delivery business is such a vast arena of services to offer. Different types of customer base expect different types of services from the service providers.

For example, a busy working class will find it convenient to access a full-fledged food delivery app to get their lunch/dinner.

On the other hand, hospitalized patients will prefer to order a dietitian-approved meal considering their health.

There is a vast opportunity in offering food delivery services focused on a special niche appealing to certain sections of the market, like vegans, fast-food eaters, farm-grown food consumers, etc.

As an aspiring food delivery service provider, you should keep your eye on such new niches that are gaining traction in the market to break through the entry barriers.

Based on our research, we have found such potential niches in the online food delivery service industry. Let’s have a look at them.

Catering booking services

From small gatherings to big-fat parties, catering services are the basic demand for any event. Also, people usually look for different alternatives online as per their requirements before closing the deal.

You can jump to online catering booking services by developing a feature-rich app, where you can also offer linens, tableware, crockeries along with food and beverages.

Frozen food delivery services

As per the latest reports by analysts companies, the market size of the global frozen food industry is projected to reach 380.5 Billion USD by 2027, by analyzing the current demand for frozen food globally.

Since there are limited players presently in this field, this sector has vast potential. The major food items you can offer in this niche are frozen seafood, frozen vegetables, frozen ready meals.

Nutrient-rich food delivery service

Since everybody is getting health conscious these days, you also offer healthy food through your app with an exclusive catalog of nutritionally rich foods, protein staples, vitamins staples, etc.

You can also describe the food healthy portion or give some health tips and tutorials in your app.

Customized food delivery service

Some people love to customize their dishes with their choice of ingredients and their proportions. You can build an app that provides the liberty of customizing the food to your users.

Well, this is a unique idea that hardly any food delivery service provider has used. Hence, you can also bring this new element to your traditional food delivery app clones.

AR-based food delivery apps

Augmented Reality is under-utilized in the food delivery industry. With real-time images, videos, or other multimedia, AR helps you give a personalized experience to your customers.

From augmented menu cards to check the quality standards of your food, detailing the ingredients of the meal, and freshness of the food, you can give all to your customers through the AR-based food delivery app.

Corporate food delivery app

In metro cities, delivering food to corporates is a great business opportunity. You can provide healthy nutrient breakfast, mid-day snack, lunch, evening snacks to hi-tea/coffee in their official cubicles.

You can also partner with local restaurants, cafes, eateries, and small joints to serve budget-friendly food delivery services through your app.

Milk and daily essentials delivery services

You can develop a dedicated egg, milk, and other essential items delivery app to fulfill every morning requirement of the people with a weekly or monthly subscription plan.

Bakery items delivery services

Everybody has a sweet tooth for amazing chocolate fudges, truffles, cakes, and pastries, and other bakery items. You can deliver them their favorite bakery item with a thoughtful packaging facility.

Meal-kit delivery services

It is a great idea to provide recipes and ingredients for a particular meal to your customers, as people are now interested in buying farm-fresh ingredients to prepare healthy food on their own with 100% hygiene.

Final Thoughts

The food delivery app business has wide opportunities for existing/emerging startups to flourish. If you are planning to jump into the food delivery app business, then you can consider the above-mentioned unique ideas.

However, you should keep in mind that to make your food delivery app business successful, you need to design and develop your app very thoughtfully.

Coruscate always practices the best technologies to accommodate the best features in your food delivery app, as per your need.

If you are looking for a high-end food delivery app developer, feel free to contact us for a free consultation.

The post Food Delivery App Business Future potential – pandemic has more than doubled business of food-delivery apps appeared first on Coruscate Solutions.

]]>
A Bird’s Eye View On The Online On-Demand Food Delivery Trends 2020 https://www.coruscatesolution.com/pros-of-online-food-delivery-app/ Thu, 08 Oct 2020 10:33:23 +0000 https://www.coruscatesolution.com/?p=24705 On-Demand Applications such as Netflix, Uber and Amazon Prime were the star characters before COVID-19 approaching the world, including online food delivery applications which made life easier and convenient for…

The post A Bird’s Eye View On The Online On-Demand Food Delivery Trends 2020 appeared first on Coruscate Solutions.

]]>
On-Demand Applications such as Netflix, Uber and Amazon Prime were the star characters before COVID-19 approaching the world, including online food delivery applications which made life easier and convenient for the customers.

Post COVID-19, the need for on-demand food delivery services has taken a toll on the need of the hour which has led to ample companies jumping towards making online food delivery available for the customers.

Take out and dine in options have surely been leading the way with restaurants opening up, although the customers will always opt for safer dining options, all in all, it is a risk worth taking because there will always be people willing to order food online. 

Since the past few years, on-demand food delivery businesses have accelerated with constant revenue generation and an aggressive flow of profit generation due to lack of enough capacities in the restaurants.

The State of Full Service Report that was issued this year mentioned that the ordering takeouts in America have risen from 19% in February to 22% in March and April, which suggested that there has been a lot of traffic for the delivery app drivers and a vast pool of work.

On an average, ever since the pandemic has taken place, the restaurants have all over increased their revenue generation and profit making from 11% to about 20%, although, the world has started to recover, the online food business is still at the boom.

Ghost Restaurants Have Risen

The online food delivery industry has been proved to be highly influential in the restaurant industry, which has led to the introduction of a whole new category of restaurants i.e. Ghost Restaurants.

Their restaurants only have the facilities of delivering food, and does not give an option of dine-in or takeout, these restaurants work professionally focusing on the authenticity and quality of food and experience.

Since the operational costs for these restaurants get reduced, the food gets delivered at a lower cost than usual high-end fully functional restaurants. 

These restaurants also remove the process of managing a whole restaurant unit, and instead only have to take care of the kitchen.

The areas that help in reducing the operational costs for these restaurants are:

Rent

• Labor – Waiters, Managers, Front Desk Staff, Cleaners.

• Space and Decor – Furniture, Interior, etc.

A prediction has been made that these ghost restaurants will grow over time in every part of the world, to make sure that the demands of the customers are met and at the same time the business model is maintained to be more sustainable.

Let’s Pitch In And Discover The Pros Of Offering Food Delivery Services Online

1. Increased Check Sizes

Since the COVID-19 has approached, there has been almost a raise of 20% in the check sizes at the restaurants who have shifted from dine-in services to online delivery services amidst the pandemic.

2. Make Up For Reduced Foot Traffic

Since the process of unlocking has started in the majority part of the world, with everything reopening, restaurants and eateries seem to be facing a lot of troubles with the restrictions and the social distancing policies.

These delivery services have provided a hand in the income of the restaurants and making up for the loss that has been incurred due to fewer people coming in for the dine-in.

3. More Business Opportunities

Customers are willing to order food while sitting at the comfort of their houses, and thus by providing delivery services, these restaurant owners can reach out to a wider range of customers who are willing to order food online.

This way, it widens the business opportunities for the owners and helps them incur more profit.

4. Less Overhead

With swapping your business model to a ghost restaurant, the labour cost and the infrastructural cost can be reduced making it easier for the owners to maintain the finance.

Space can also be downsized, that way the cost of the rent can be saved and spent on expanding the delivery services of the restaurant.

5. Exposure To New Customers

There has been a lot of awakening among the urban population, and thus the restaurants who have been operating at a lower capacity can deliver food online, beyond their regular and local areas.

They can expand their horizons by providing specialized services to the customers who are willing to buy the orders.

Basic factors need to be considered while deciding whether an online food delivery system should be established

1. Venue Type

The restaurants have been reframing their business modules, from shifting from dine-in services to takeout and delivery services, providing a sense of security to the customers and at the same time raising their business. 

Deciding a venue for the restaurant can be a tough call considering all the factors such as the locality, the targeted audience, and the demand for the cuisine in the area.

2. Customers

With the times revolutionizing, the millennial generation is more inclined towards online delivery instead of dine-in, because it provides them with the comfort zone. 

Whether watching a movie or playing online games with your family, these applications serve you with food right at your doorsteps.

Thus, choose your audience wisely before designing your service module and application in order to make the best out of it.

3. Technological Advancements And Marketing Strategies

The mobile application should be serving the purpose of providing comfort to the users, with an extremely flawless interface and an overwhelming experience of providing a vast range of options of restaurants to choose from.

Also, the owners and developers have to come up with ideas that binge on the minds of the customers, such as discount coupons, special offers, etc.

Thus, smart marketing of your product with the right technology can take you a long way.

4. Infrastructural And Labour Cost

Before getting your hands on any kind of a market segment, examining the financial balance is extremely important considering the fact that if your online food delivery services are not as efficient as the dine-in services, it is not a right decision to go for it.

Also, the revenue generation model of both of them has to be compared, and the one which is vastly inclined towards profitability should be opted.

Perhaps, building the right team requires picking the right people with the required skill-set, because quality always matters over quantity. 

Lay On With The Experts And Let Your Online Food Delivery Business Make Wonders

We provide a solution based module for your online food delivery services, keeping in mind all the prerequisites required to excel in the food delivery business.

We have an expertise in providing an MVP for your food delivery mobile application in the time span of 15 days, which will be the first step towards your successful business plan.

The post A Bird’s Eye View On The Online On-Demand Food Delivery Trends 2020 appeared first on Coruscate Solutions.

]]>
Food delivery app development 2.0: China’s food delivery service giant Meituan Dianping’s sales beat all the estimates and helped the company hit $100B valuation amid crisis and looming recession; Amazon launches food delivery app in India: Know why Asia is the emerging food delivery market & On-demand food delivery app development is going to be the next big hit in startups https://www.coruscatesolution.com/food-delivery-app-development-2-0/ Wed, 27 May 2020 16:50:38 +0000 https://www.coruscatesolution.com/?p=23475 The Hong Kong-based food delivery giant, Meituan Dianping’s shares hit a record high yesterday, brought its valuation to over $100B, and became the world’s largest food delivery business. It is…

The post Food delivery app development 2.0: China’s food delivery service giant Meituan Dianping’s sales beat all the estimates and helped the company hit $100B valuation amid crisis and looming recession; Amazon launches food delivery app in India: Know why Asia is the emerging food delivery market & On-demand food delivery app development is going to be the next big hit in startups appeared first on Coruscate Solutions.

]]>
The Hong Kong-based food delivery giant, Meituan Dianping’s shares hit a record high yesterday, brought its valuation to over $100B, and became the world’s largest food delivery business. It is the third Chinese company to reach this landmark valuation after Tencent in 2013 and Alibaba in 2014.

Meituan’s shares hiked after it reported a smaller than expected 13% of the slide in revenue and better-than-expected sales of $2.4 billion in the three critical months during the pandemic that ended March and drove hopes that Meituan has started to recover from the pandemic effect. 

Meituan Dianping is backed by Tencent Holdings Ltd. and offers in-store dining booking and hotel booking services apart from food delivery. Its rivals, SF express, and Ant Financial, both backed by Alibaba Group Holding Ltd., are now elbowing their way into Meituan’s core food delivery business, the best example of it is Alibaba’s food-delivery arm Ele.me which is battling with Meituan for market leadership.

Just a few days before that, Amazon has launched its online food delivery, called Amazon Food, in India. The e-commerce giant has made an investment of more than $6.5B through Amazon Food in selected parts in the city of Bengaluru, India. 

Amazon Food has been launched in very critical timings where the established players of food delivery business in India, Zomato, and Swiggy had laid thousands of its employees off in just a month, and global giant UberEats left the country months ago. 

But the Amazon has seen the potential of the growing Asian food delivery market in the coming years. The company entered in the food delivery business through the largest Asian market, India. Let’s see what is about the Asian market that attracted Amazon to invest in it even in these adverse times. 

Why Asia is the emerging food delivery market?

The Asia-Pacific is by far the fastest-growing region globally in terms of the food delivery market with CAGR of 14% in 2020, according to an independent research firm, Euromonitor International.


Within APAC, China is dominating the market with a stunning CAGR of 55%. On the other hand, India managed to gain the 2nd position but remained so distant to that of China. Well the two markets combined total foodservice value is worth more than 28% of the global total. The other APAC markets in Southeast Asia have high growth potential despite their relatively small sizes. 

The food delivery market is already highly saturated in the developed markets of Southeast Asia, and so the companies have to look for ways to steal market share. On the other hand, companies can easily manage to gain market share in the less developed markets of Vietnam, Indonesia, or the Philippines also they are forecast to grow rapidly. 

Technology-enabled on-demand delivery of groceries, food, or meal-kit has increased dramatically in the APAC region. Rapid urbanization and comparatively low labor costs across the region are especially well suited to any business. Let dig dipper to understand more about the factors that are driving the market. 

Technology: 

Technology is highly integrated into the food delivery industry, accelerating the adoption of existing technologies, as well as a suite of emerging technologies, create immense opportunities for food delivery businesses. 

For example, data analytics offer businesses the opportunity to understand customer behavior and preferences in a way that was not possible before. 

Food technology is starting to revolutionize the way we produce food, from 3D printing to synthetic meat, and businesses are looking at smart food production. This trend may soon be seen in food delivery businesses.

IoT and blockchain are transforming supply systems and bringing more efficiency and transparency. Through these technologies, it is now possible to track the location and measure the temperature of products in real-time, providing transparency over the entire supply chain. 

AR/VR and near real-time video streaming, are creating new experiences for consumers and creating huge opportunities for both food providers and food delivery. 

Online food ordering and delivery platforms open the door in particular for home kitchens or delivery-only restaurants and make it possible to start, without the need for significant capital. 

Shifting consumer preferences:

The way we choose what, when, how, and why about food is complex and changing, and significantly affects the food delivery businesses. Interest in meat-free consumption is growing in the region, which is sparking the demand for protein substitutions, such as synthetic meat or tofu. 

Over 50% of the people in the APAC region are eating out-of-home food at least once a week, which gives rise to home delivery of ready to eat meals and meal boxes delivery businesses. 

The region is rising as an experience economy, which means visually appealing foods dominate the market, and the restaurants which are able to successfully deliver the restaurant-like dining experience at home will steal the market. 

A changing population creating higher opportunities:

It is expected that the Asia Pacific will be home to more than 10 Billion people by 2050, and almost 9/10 of them will be middle-class consumers, and 1/4 people will be over the age of 60. All these data points only towards the growing demand for food delivery in the region in the near future.

Food delivery app development: Next big hit for startups

With the online platforms for food delivery service are making inroads around the world, the food-delivery market of the APAC region is yet to explore its full potential. We’ve already seen much of that growth pattern play out in Europe, from 56% growth in Sweden to 43% growth in Austria. On the other hand, Asia, Latin America, and the Middle East are at the beginning of their growth cycle in the food delivery spectrum. 

The opportunity for the startups is so high that it is possible that in the near future, even the traditional-delivery restaurants will migrate to on-demand food delivery service due to its advantages like cost-efficient, easy-to-manage logistics, etc.

The top five global players of the industry have reached a combined valuation of more than €10B, and the market has become more bullish on the sector, giving the newbie significantly higher valuations and higher levels of funding than the listed companies achieved at the same stage.

Coruscate always practice on the best technologies and accommodate the best features in the on-demand food delivery app. Our team of developers and designers are highly talented to build the whole IT infrastructure for the food delivery app as per your need. 

We offer groundbreaking features such as social media login and profile creation, GPS functionality to get precise location, etc. to make your app stand out in the competition. We also offer integrated artificial intelligence (AI) to make an app more reliable at predicting these things and have your users attracted to great deals and promotions.

Adding these smart features to your on-demand food delivery app can help you in getting more customers and keeping them loyal. We are the experts in the field of developing on-demand apps with the latest technology and amazing user interface.

So if you are looking for the on-demand food delivery app development, feel free to contact us for a free consultation. Our customizable pricing structure will avail you to save a few bucks. Personalized quotes and app demo is also available.

A basic chart for P2P payments app development cost is as follows:

The post Food delivery app development 2.0: China’s food delivery service giant Meituan Dianping’s sales beat all the estimates and helped the company hit $100B valuation amid crisis and looming recession; Amazon launches food delivery app in India: Know why Asia is the emerging food delivery market & On-demand food delivery app development is going to be the next big hit in startups appeared first on Coruscate Solutions.

]]>
The potential Uber-Grubhub merger is the sign of large-scale food delivery app consolidation coming ahead in the industry: Top 10 ways to save your business in this rapidly consolidating on-demand food delivery app market https://www.coruscatesolution.com/trends-of-the-on-demand-food-delivery-app-development/ Thu, 21 May 2020 16:44:39 +0000 https://www.coruscatesolution.com/?p=23440 In the current #stayathome era, on-demand food delivery business is booming all over the world. The ride-sharing company and UberEats parent company Uber has reportedly made an offer for a…

The post The potential Uber-Grubhub merger is the sign of large-scale food delivery app consolidation coming ahead in the industry: Top 10 ways to save your business in this rapidly consolidating on-demand food delivery app market appeared first on Coruscate Solutions.

]]>
In the current #stayathome era, on-demand food delivery business is booming all over the world. The ride-sharing company and UberEats parent company Uber has reportedly made an offer for a tie-up, to a smaller rival Grubhub. This potential combo of Uber-Grubhub is said to make Uber, the largest food delivery platform in the USA, surpassing the DoorDash

According to the survey released by Consumer Intelligence Research Partners, amongst the consumers who have used restaurant delivery in the past 90 days, Uber Eats was used most recently by 34% of consumers, followed by DoorDash (33%), Grubhub (21%), and lastly, Postmates (12%). 

Edison Trends has also released a study of over 190,000 transactions made in the US food delivery market in April, shows that 47% of them belong to DoorDash, followed by Uber Eats at 26%, and then, Grubhub with 23%.

As soon as Bloomberg reported about the potential merger, the Uber’s shares hiked by 2.4% and the Grubhub shares surged 29%. Uber has already tie-ups with the major food chains, from McDonald’s to Starbucks in the market. 

Apart from this, the US-based technology research company Technavio has released its report on the on-demand food delivery services market, and it is poised to grow by USD 104.45 billion during 2019-2023, progressing at a CAGR of over 15% during the same forecast period.

In this rapidly consolidating food delivery app market, you need to advance the app according to the trending technology, to stand the other side of the competition. Let’s have a look at the top 10 trends in the on-demand food delivery industry.

The food delivery medium:

With the help of technology, the future of the food delivery industry will deliver the food via robot, drone, parachute, etc. The best part of these delivery methods is that, they come with their own tracking system which allows users to track their orders easily. 

Melbourne-based Jafflechutes introduced the first-ever float-down eatery. Food delivery through parachute will become the norm in the future. The system has successfully tested with Jafflechutes delivering toasted sandwiches to customers by mini parachute. When customers order their sandwiches, they are asked to wait at the drop location, and at the given time, customers will see the parachute-drop and can catch the package. The company is now working on developing the food delivery tracking system so that the customers can know the exact time of the food delivery.

Eat24 created a custom food delivery robot in association with Marble and Yelp, which is said to be the next big thing. The food delivery robot is about the size of a coffee table and is equipped with a 3D map of the city, sensors, and advanced cameras, which allows the food delivery robot to determine the routes and select the optimized route based on traffic to avail customers the food delivery on-time. The robot automatically selects the most accurate route based on its wheel’s capabilities to avoid entities like bumps, cars, humans, pets, cycles, or other delivery robots.

Zomato is an India-based restaurant aggregator and food delivery startup, which has successfully tested its custom hybrid drone food delivery technology. Drone food delivery is the best way to beat the heavy traffic and deliver food on time. Zomato reduced its current average delivery time of 30 minutes to 15 minutes through this smart solution. 

Multi-delivery channels:

A user-friendly food delivery service is the need of an hour to retain customers. The goal of any food delivery service should be to simplify the online food ordering process and optimize the delivery process. The future of the food delivery industry will see the infusion of new delivery channels for the same reasons.

A glimpse of it is already visible. Recently, Pizza Hut has developed an in-car food ordering system that allows users to buy pizzas while on the road, through which one can place an order by voice and eliminates the need to check the screen, by collaborating with Visa and Accenture.

Domino’s Pizza has partnered with social media giant Twitter and created a platform that allows users to order pizza by simply tweeting the ‘pizza’ emoticon through their custom pizza Twitter profile on Domino’s online delivery service by linking their Twitter account and saving their default order as ‘Easy order.’

People having smart TVs now can order food while bingeing movies and Netflix. Papa John’s Pizza has merged with Apple TV that allows users to browse its entire menu, view order history, customize the order, and place the final order.

➣ Explore new domains:

To increase the exposure and expand your market you can explore the different prospects in the new domain that will ensure a huge audience hit.

➣ Food waste management apps:

As per the researches, almost 35% of the food produced around the world gets wasted. The app-based startups can solve this problem by launching the food waste apps, that tackle this leftover food and provide it to the needy at a lower price. 

Food for All is a similar app offering unsold meals from local restaurants or cafes with a 50% discount, with which one can grab a delicious dinner for $3. Here, the user needs to place an order through an app and takeaway from the restaurant at a given time. 

Food Rescue is the US-based volunteer-driven platform determined to food rescue movements. It supplies over 50 million food-insecure Americans with fresh food from restaurants and grocery stores. 

➣ Pet food delivery apps:

Almost 68% of American families own a pet and over 40 percent of Americans are dependent on online food purchases. Pet food delivery apps are prevalent among the people who are looking for a complete convenient, customizable option, and healthy treats for friends. This increasing demand for pet food has given birth to the number of pet food delivery apps in recent times.

Monster Pet Supplies has launched its pet food delivery app in the UK to offer a hassle-free shopping experience. The app also offers free delivery and order scheduling in case of repeat delivery.

➣ Kitchen display system:

Kitchen Delivery System is an information display screen present in the kitchen backend area. This device directly gets information regarding orders from the restaurant admin panel, which reduces the communication gap and speed up the delivery process.

The latest KDS can get inputs from both the panels and inventory details will also be displayed on the screen so as to decide on the menu. This will increase the overall efficiency irrespective of the type of business model.

➣ Ghost kitchens/Virtual kitchens:

The virtual kitchen is a unique concept introduced by Uber. Uber Eats lists new eateries, snacks, and meals that are only available on their app. This way, UberEats is helping restaurants to dodge the expenses of starting a new physical place by providing convenience to use their kitchen space to serve extra meals.

In the near future not only the ghost kitchens will go mainstream, but mobile kitchens will emerge as well. Take Zume, for example, which launched Zume’s mobile kitchen fleet. Pizza Hut also unveiled a mobile pizza factory prototype last year.

As consumers are mostly relying on food delivery apps, new methods for getting food closer to the end customer is going to evolve. Mobile kitchens will be able to move to where customer demand is highest and meet changing consumer preferences. 

➣ Modern customers:

Your on-demand food delivery app must be based on the target audience. The millennials are said to be the highest consumers of prepared food services. According to reports, more than 60% of millennials visit quick-service restaurants for takeouts or order online for food delivery. 

Keeping this in mind your app should be built in such a way that accommodates their requirements, which include gamification, one-step checkout, instant delivery, effortless ordering, and an advanced delivery tracking system.

➣ Hybrid cloud approach:

Cloud computing is a boon to the on-demand industry. Since a lot of user data is involved in this service, there is no better way to store it than the cloud. Now, hybrid cloud technology has come to the fore, which is nothing but an enhanced version of the cloud. 

In a hybrid cloud approach, more emphasis is given on data security and safety. The fluctuations in data transfer and scale the business can also be handle effortlessly using a hybrid cloud. 

➣ 5G service:

Latency is the time taken to exchange data packets between any two devices, and the lesser the latency, the more is the network speed. 5G is said to have the lowest latency so far and it is expected to be made mainstream by the end of 2020. 

This can substantially lower the speed at which delivery agents are assigned and orders approved by the restaurants. Real-time delivery updates will become more accurate.

➣ Crypto food orders

The rise of blockchain technology will bring a new service niche in the future: crypto food orders. By using cryptocurrencies for orders, companies can eliminate fraudulent activities and enhance the overall UX. 

The food delivery companies that are supporting crypto payments today, are Papa John’s Pizza, Feastly, Lobster Gram, Levy Restaurants, BlockFood, Ufoodo, and Takeaway.com. They use smart contracts to provide transparent transactions. 

➣ Big data

Big data will revolutionalize food delivery services and make them more efficient. Food providers can collect and analyze a huge scope of data including traffic on the road, the impact of temperature on the food, market trends, customer behavior, feedback, and reviews. This way food delivery companies can accurately estimate the delivery time and immediately react to customer complaints, if arises. 

How we can help you to develop on-demand food delivery app

As the food delivery businesses are mushrooming all over, Coruscate will help you build the outstanding food delivery app, with our immense experience of delivering app in the same industry all over the world. 

Partner with Coruscate and you will be able to integrate all the best features or create a few new ones to beat this cut-throat competition. If the idea of a food delivery app business is simmering in your head, all you need to do is contact us. Our team of engineers will get back to you with a customized solution, live demo, and personalized quotations for your idea.

A basic chart for P2P payments app development cost is as follows:

The post The potential Uber-Grubhub merger is the sign of large-scale food delivery app consolidation coming ahead in the industry: Top 10 ways to save your business in this rapidly consolidating on-demand food delivery app market appeared first on Coruscate Solutions.

]]>