Research

The brand owns 23% of the country’s on-demand pizza delivery market.

Global demand for paper cups will grow to $11.27b by 2030.

F&B retailers meanwhile are planning a period of consolidation.

Higher demand for food delivery workers has ramped up the cost of labour in the industry.

They opened nearly 4,600 stores in the year.

The average order spend of most Singaporeans almost reached SG$30 by Q4 2022.

Rising prices and other factors are the cause of the fall in demand, according to an analyst.

Overall sales however were still down by 5.8% compared to 2019.

This has been the highest growth in 15 years.

Restaurant profits increased from 15% in Q3 to 33% in Q4 last year.

Fast-food outlets, cafes, foodcourts, and other eating places saw jumps in sales.

Food caterers' sales rose by 141.5% during the period.

Health-conscious youths are increasing sales of meat substitutes in the market.

Deliveroo's latest 100 Top Trending 

The total sales clocked in at $915m.

The growth is driven by a rebound in consumer confidence.