Rising Appetite for Convenience: Delivery and Takeaway Food Market Outlook
According to a research report published by Spherical Insights & Consulting, the Global Delivery Takeaway Food Market Size Expected to Grow from USD 98 Billion in 2023 to USD 280 Billion by 2033, at a CAGR of 11.07% during the forecast period 2023-2033.
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Takeaway food that is prepared in a restaurant or purchased at such an establishment and then offered to consumers through home delivery. The distinctively rapid growth of the takeaway food sector is associated with the expectations of changing customers, alongside the development of attractive and easy applications and tech-enabled networks of drivers. Modern needs, such as delivery and takeout options, are required by increases in busy schedules homes where both partners go to work and urbanization emerging from the rise in working professionals in recent times. There is a proliferation of food delivery apps, and more people have convenient mobile telephones with access to fast internet connections, which helps to make the easy way more convenient for customers to purchase meals online. Technology, which people enhance, and better overall drives customer experience by facilitating a multitude of flexible payment methods, clearer tracking of orders, and personalized ordering. Freshly cooked meals necessitate delivery at the doorstep rather than kitchen cooking as people become increasingly busy focusing on their urban lifestyles with narrower time slots for extensive cooking. The market for takeaway and by-delivery meals is booming, especially for the middle class, especially in emerging economies that use increasing disposable incomes to increasingly favor such a trading mode. However, the food delivery and takeout arena is intensely competitive, and many companies are grappling with the prospects of market share acquisition, which hobbles market growth. This competition intensively, thus, mostly leads to a price war, reduced profit margins, and the difficulty of attracting and retaining customers.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Delivery Takeaway Food Market Size, Share, and COVID-19 Impact Analysis, By Order Type (Online, Telephone Calls, Face to Face, and Others), By Restaurant Type (Fast Food Chains, Independent Restaurants, Cloud Kitchens, Coffee Houses, Cafes, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
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The face to face segment is projected to hold the largest share of the market during the forecast period.
Based on the order type, the global delivery takeaway food market is categorized into online, telephone calls, face to face, and others. Among these, the face to face segment is projected to hold the largest share of the market during the forecast period. The growth is attributed to increased urbanization, which has transformed many developing nations, and so too has it affected the number of nuclear families with two working parents. There is also practically nowhere in North America that does not offer drive-through ordering features at major fast-food restaurants for customers to place their orders without getting out of their cars. The high convenience and changing lifestyles as a result of the increasing number of smartphone users in the developing world have propelled online takeout and delivery to even much higher heights in the future.
The fast food chains segment is expected to hold the biggest share of the market over the forecast period.
Based on the restaurant type, the global delivery takeaway food market is categorized into fast food chains, independent restaurants, cloud kitchens, coffee houses, cafes, and others. Among these, the fast food chains segment is expected to hold the biggest share of the market over the forecast period. The segmental growth is due to the fast-food chain’s formation as the largest share-grabber in the market. Unlike traditional restaurants that take time to prepare their meals, fast food establishments are convenient because they prepare their food in as little as five minutes. As a result, they are able to reach out to a greater number of people on a daily basis and makes it more accessible for the customers.
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North America is projected to hold the largest share of the global delivery takeaway Food market over the forecast period.
North America is projected to hold the largest share of the global delivery takeaway food market over the forecast period. There are several aspects that have been contributing to an increased market share in terms of many fast-food chains available, ever-increasing sedentary behavior, and large populations using smartphones and the internet with very high discretionary income levels. The market share can be explained by several factors, such as an increase in sedentary lifestyles, the prevalence of fast-food chains, as well as a sizable population having access to internet and smartphone technologies with high disposable income levels.
Asia Pacific is expected to grow at the fastest CAGR of the global delivery takeaway food market during the forecast period. Owing to these factors, the Asia Pacific region is largely tipped to grow at the fastest rate in terms of development due to its population density, increased disposable income, rapid urbanization, and upcoming demand for cloud kitchens and online food delivery services within recently developing nonmetropolitan cities in countries like China, Indonesia, and India.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global delivery takeaway food market are Just Eat Takeaway.com, Domino’s Pizza, McDonald’s, Foodpanda, Takeaway, Foodler, Snapfinger, Yemeksepeti, Pizza Hut, Uber Eats, DoorDash, Grubhub, Zomato, Swiggy, Delivery Hero, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In June 2024, customers who are affiliated with Amazon Prime in Germany, Austria and Spain, could have the opportunity to enjoy free delivery from Just Eat Takeaway.com. Just Eat Takeaway.com, which has partnered with Amazon, available in Germany, Austria, and Spain, and offers unlimited free delivery on meal orders for Amazon Prime consumers.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global delivery takeaway food market based on the below-mentioned segments:
Global Delivery Takeaway Food Market, By Order Type
- Online
- Telephone call
- Face to face
- Others
Global Delivery Takeaway Food Market, By Restaurant Type
- Fast food chains
- Independent restaurant
- Cloud kitchen
- Coffee houses
- Café
- Others
Global Delivery Takeaway Food Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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