Get SWN alerts

Share this content

Global Food Delivery Market Could be Worth More than $1 Trillion

The online food delivery market has been explosive.

In Canada for example, food delivery revenues hit $2.5 billion in 2020, according to Statista.  By 2024, that number could be up to $3.4 billion. Over the next decade, analysts at Euromonitor say the market could be worth more than $1 trillion.

Even better, “Nowadays, food delivery has become a global market worth more than $150 billion, having more than tripled since 2017. In the United States, the market has more than doubled during the pandemic, following healthy historical growth of 8 percent,” says McKinsey & Company.  That could create a windfall opportunity for companies such as

Komo Plant Based Foods (CSE:YUM) (OTC:KOMOF), Uber Technologies Inc. (NYSE:UBER), DoorDash Inc. (NYSE:DASH), Deliveroo (OTC:DROOF), and Just Eat Takeaway.com (NASDAQ:GRUB).

Share this content

Get SWN alerts

Discovering Small Stocks Before They Make Their Big Move...

New to the  market? These emerging profiles may be worth researching for those beginning to explore small-caps.