Online Takeaway Food Market Growth Opportunities & Technology Developments by 2026

Takeaway food is a food, which is ordered online, made in restaurant and then taken away to be eaten at home or somewhere else. Online food services make ordering process easier and convenient, maintain cost transparency including price along with other taxes to be charged and monitor expenses incurring in real-time. These services enable customers to order through mobile app and explore various options of food without intervention of contractors. Currently, healthier menus are considered to be one of the significant strategies that can be adopted in the global online takeaway food market to gain profit.

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Market Dynamics:-

The global online takeaway food market is currently driven by the consumers’ inclination towards health and wellness. Rising awareness towards healthy eating is forcing online food service companies to provide healthier options in their food menu. According to the Global Wellness Institute, in 2015, global wellness economy accounted for US$ 3.7 trillion, which increased to US$ 4.2 trillion by the end of 2017. The market includes healthy eating, nutrition, and weight loss sector, which accounted for US$ 702.00 billion of total global wellness economy in 2017.

Market Outlook:-

Asia Pacific is expected to be the fastest growing region in the global online takeaway food market during the forecast period. This is owing to growing urbanization, rising working people populace, rapid access to mobile phones, expansion of internet penetration for ordering food online, and rising disposal income. Therefore, significant growth in urbanization is expected to drive the global online takeaway food market growth over the forecast period in Asia Pacific. For instance, according to India Brand Equity Foundation, number of Indians living in urban areas is expected to reach 600 million by 2031 from 434 million in 2015. Furthermore, over 70% of India’s GDP will be contributed by the urban areas by 2020.

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Key Players:-

Major players operating in the global online takeaway food market include Pizza Hut Inc., Delivery Hero Holding GmbH, Just Eat Holding Limited, Foodler Inc., Foodpanda GmbH, Holding B.V, Zomato Media Private Limited, Grubhub, Inc., Domino’s Pizza Inc., Snapfinger Inc., Mobo Systems Inc., and others.

Market Taxonomy:-

On the basis of product type, the global online takeaway food market is segmented into:

  • Non-Vegetarian Food

  • Vegetarian Food

On the basis of distribution channel, the global online takeaway food market is segmented into:

  • Fast-Food Chain Restaurants

  • Independent Restaurants

  • Online Channels

  • Others

On the basis of region, the global online takeaway food market is segmented into:

  • North America

    • U.S.

    • Canada

    • Mexico

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

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