III. Industry Analysis
The Food Delivery industry has grown 20% in the last five years; food delivery sales are estimated to grow as high as $220 billion in the next couple of year. In recent years we have seen a huge growth in businesses providing everything from groceries to recipe boxes and fast food. In fact, McKinsey & Company estimates that the food delivery market was worth a massive $150 billion last year, more than triple its value just four years ago.
Much of this success is the recent proliferation of delivery models and fleet types: same hour, same day and next day delivery; single fleet, multi-fleet, crowdsourced fleets and in-house fleets; deliver from store, curbside pickup, delivery from robotic warehouses, and more.
Third-party delivery companies have also revolutionized the food delivery space. Companies such as Uber Eats, DoorDash, and GrubHub have blown the delivery space wide open, making it significantly easier for businesses of all sizes to sell food online and have it delivered straight to customers.