7 Ideas To Start Own Food Delivery Business in 2020
Posted: Jun 28, 2020
Ready to eat, luscious, and tasty food delivered at the doorstep. What more could anybody want? It is easy, satisfies the cravings, and cost-effective.
Delivery business ideas have become so widespread that the expected revenue from the industry by 2024 is $1.82 Billion.
Not only the millennials, but almost every demographic segment is a potential customer. We have seen food delivery business ideas that are catering to the per industry.
Because the market share of the food delivery business is huge, you can work with several ideas.
Take any country, any state, any city, or any street, we will find an average of 2 to 3 food shops. It can be vendors, kiosks, small shops, juice bars, cafes, diners, or even full-fledged restaurants.
Food business flourishes in any corner; hence, augmenting it with your delivery ideas will be profitable.
Having said that, you do innovative delivery service business ideas to be a profitable startup. There are a lot of delivery business ideas that you can implement depending on the demographic and area you want to serve.
A Few Reasons to Look into Some Delivery Service Business Ideas
Did you know that the first-ever online pizza was established by Pizza Hut?
Yes, back in 1994, the delivery service is a nascent business idea. Today, online food ordering and delivery is a multi-billion dollar industry.
In different domains, we have seen organizations taking a proactive approach to address the voids left in the market. Platforms like Takeaway.com as well as Delivery Hero have become aced the aggregator platform domain.
On the other hand, several platform-to-consumer courier service business ideas have been realized with Ubereats and Deliveroo.
To answer your questions of why to look into a courier business idea, read on.
- Day by day, your potential customer is getting busy in their schedules. So, this leaves less time to cook food. The only option they have is to order food online.
- Technology has made the ordering and getting food delivered to a home similar to a walk in the park.
- A colossal number of restaurants and eating places have the potential to fulfill customer demand.
Thus, working on your courier idea can turn out to be a great business provided you implement and test business ideas properly.
More than the ideas or sentiment, the food delivery business is a numbers game.
- From 2019 to 2023, global food delivery will grow at a CAGR of 11.51%.
- The total valuation is said to be around $154 billion. This is more than the GDP of 134 countries.
Enough of the numbers and other stuff. Let’s get to the creme de la creme of the article, the best food delivery business ideas for 2020.7 Ideas for Food Delivery Apps 1. Grocery Delivery Startup
Not just providing food, but you can also look into helping your customers with groceries. As a courier business idea, it is profitable as every household needs groceries.
Amid the pandemic, online delivery business is one of the high growing ideas that we have observed today. The cumulative growth rate is expected to increase from 51% to 57% from 2020 to 2021.2. Corporate Food Delivery
Offices and enterprises spend millions of dollars on providing free lunch to their employees. It can be in the form of coupons or pre-packaged foods. However, such food delivery business ideas work well if you have good clients.
Such business models operate on reputation and effective marketing. It is essential to market your courier business ideas to large enterprises and convince them of your services.3. Pet Food Delivery
The American Pet Products Association observes that 80 million households own a pet.
Also, the pet industry has a total worth of $95.7 billion as of 2019.
Isn’t this one of the wonderful ideas to open a pet food delivery business?
Since the market is wide enough, you can start small and then scale up as you grow.4. Homemade Food Delivery
Another one of great food delivery business ideas is servicing the needs of customers with homemade food.
In this segment of the industry, the most viable option is to work with a delivery-only model.
Even though the homemade food industry is still at the nascent stages, there isn’t much data to show for its progress.
However, the market for homemade delivery business ideas is in the works.5. Fruit Delivery Business Ideas
Who doesn’t like to eat fruits?
We all love to eat healthy fruits, but not everybody is keen to buy them from the farmer’s market. Delivery business ideas modeled on these kinds of foods is a great way to diversify the market.
Moreover, with a rise in the vegan trend, a higher proportion of people want to order fruit online.6. Meal Kit Courier Business Ideas
Ready to cook and eat meals offer convenience and can satisfy hunger pangs. More importantly, implementing such ideas can help develop a profitable food delivery business.
Couples, school going kids, college students, and professionals can be your potential customers. As the ingredients are partly-cooked, individuals of any age can make them at home without putting in much effort.7. Business Ideas for Packed Lunch Delivery Service
Starting a delivery service for packed food is another one of great business ideas. The good thing is that the packed lunches are not just limited to food items.
Some organizations in the US are providing packed lunches to school. These sorts of food delivery business ideas need to adhere to the USDA-FNS norms.
Apart from this, millennials and the middle-aged office going individuals can also benefit from pre-packed and ready to eat lunches.
Read the full article: https://spdload.com/blog/7-food-delivery-business-ideas-2020/
I am a serial entrepreneur, IT consulter and Ceo at SpdLoad