Food Delivery Logistics Market Set to Soar: Industry Expected to Reach New Heights by 2032

The food delivery logistics market has experienced exponential growth in recent years, driven by the increasing demand for convenience, urbanization, and the proliferation of smartphone technology. This market encompasses the transportation, warehousing, and last-mile delivery of prepared meals from restaurants or cloud kitchens to consumers' doorsteps. The rise of online food delivery platforms such as Uber Eats, DoorDash, Grubhub, and Zomato has revolutionized the industry, making food delivery an integral part of modern lifestyles. The global food delivery logistics market was valued at over $100 billion in recent years and is projected to continue expanding at a compound annual growth rate (CAGR) of around 10-15% over the next decade. Key factors fueling this growth include changing consumer preferences, the increasing number of dual-income households, and the growing penetration of internet services in emerging economies.

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