Global Takeaway Food Market - 2023-2030

Global Takeaway Food Market - 2023-2030

Global Takeaway Food Market reached US$ 110.2 billion in 2022 and is expected to reach US$ 156.7 billion by 2030 growing with a CAGR of 4.5% during the forecast period 2023-2030. The increasing adoption of contactless delivery & fast foods, and the rise in demand for takeaway foods are driving the takeaway foods market growth.

The increasing use of online media, emerging multicultural population, high employment-population ratio, busy lifestyles, availability of various foods through online websites, rising demand for ready-to-eat foods, and emerging plenty of online food delivery platforms are driving the global takeaway foods market expansion.

The takeaways are more convenient for customers. The rapid global expansion, and increasing their client base are helping in market expansion. Higher urbanization, worldwide internet usage, fast-food chain expansion, and increased household takeaway food expenditure have contributed to the market's growth. The various services provided by the key players are boosting the market demand. In August 2022, Zomato Media Private Limited announced the launch of an intercity food delivery service called ""Intercity Legends"".

Market Dynamics
The Growing Online Food Delivery Platforms Demand and Benefits are Estimated to Drive the Takeaway Foods Market Growth.
Online ordering and to-go food delivery platforms provide various benefits for users. With the increase in online media platform usage, mobile ordering of multiple types of foods is much more convenient. The anytime availability of multi-cuisine dishes, with other product ratings, made it easier for people to choose their favorite dishes conveniently.

The top players in the market include Foodpanda, Takeaway, Domino's Pizza, Snapfinger, Pizza Hut, and others. With the existing significant players, many other online food delivery platforms are emerging with the latest trends, discounts, and partnerships. For instance, In March 2023, BVK Biryani, Chennai-based food start-up, launched India's 1 St manless takeaway.

The Rapid Increase in Smartphones and Internet Connectivity is Driving the Market Growth.
The immense increase in smartphone users and internet connectivity in major developing regions drive the market for takeaway foods. For instance, smartphone usage in India increased from 4.8% in 2011 to around 61% in 2021. This is projected to increase to 95.8% by 2040. On the other hand, internet access in India has increased from 7.6% in 2010 to approximately 50.5% by 2020.

The high promotions and offers provided by various market players are attracting people to the market. Phone calls, online websites, or mobile apps are employed to place delivery or food takeout will be ordered on smartphones. With the increased smartphone usage, people are also habituated to different online platforms, especially food deliveries. All these factors are driving the takeaway foods market growth.

Increasing Health Awareness Among People Restrains the Takeaway Foods Market Growth.
Takeaway foods provide various kinds of foods like pizza, burgers, sandwiches, and others with lower prices and exciting offers to attract people. They are low in nutrients and fiber. All these foods are high in calories. These foods are loaded with unhealthy fats, coloring agents, preservatives, artificial sweeteners, and chemical & synthetic ingredients.

The frequent consumption of these foods may lead to several health issues, including digestive problems, and heart health issues, and impacts blood sugar and blood pressure. Such foods’ high calories and sugars may lead to obesity and diabetes. The World Obesity Federation estimates that by 2020 around 770 million adults globally were affected by obesity. On the other hand, according to IDF Diabetes Atlas, diabetes worldwide in 2021 is about 537 million. All these are hindering the market’s growth.

COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis
The global takeaway foods market is segmented based on order, restaurant type, and region.
In the Global Takeaway Foods Market, the Fast-Food Chain Segment Holds the Largest Market Share.
The global takeaway food market has been segmented by restaurant type into fast-food chains, independent restaurants, and cloud kitchens. In the takeaway foods market analysis report, the fast-food chains segment held the largest takeaway foods market share of 45.8% in 2022. The large market share of the fast-food chains segment is attributed to factors like speed, convenience, and affordability.

Busy lifestyles often drag people to opt for fast food options. Fast-food chains provide convenience, good taste, and expensive food prices. The familiar brands like SubWay, McDonald’s, and others offer speed and affordable food products. In opposition to the traditional restaurants, fast food outlets need a few minutes to prepare the dishes. It makes them more convenient for customers and helps the chains serve clients daily.

Geographical Analysis
The North America Region Held the Largest Share of the Takaway Foods Market.
The global takeaway foods market is segmented into five parts based on geography: North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. The North American takeaway foods market held the largest market share of 38.6% in 2022 in the takeaway foods market analysis. The increasing adoption of home delivery and fast foods is driving the takeaway foods market in this region.

The rapid growth in smartphone users & internet connectivity, increasing adoption of home delivery and fast foods, and innovative marketing & food packaging techniques, by the market’s key players are driving the takeaway foods market in this region. For instance, in March 2022, Chipotle, an American chain of fast-casual restaurants, announced a new menu item, Pollo Asado. This particular chicken is only available at selected locations and through the Chipotle app, Chipotle’s website, and third-party delivery partners.

Competitive Landscape
The major global players in the market include Delivery Hero Holding, Foodpanda, Eat Holding, Takeaway, Grubhub, Domino's Pizza, Snapfinger, Pizza Hut, Foodler, and Mobo Systems.

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:
Covid-19 Impact:
The unprecedented COVID-19 pandemic in 2020 profoundly affected the food industry. Covid-19 has considerably impacted the global food supply chain phases involving takeaway foods production, processing, distribution, and consumption due to lockdowns and restrictions imposed by various governments.

Everything has changed due to the COVID-19 epidemic. It has influenced practically every industry, whether positively or negatively. The COVID-19 pandemic's effects on world economic conditions have had an influence. They could impact interest rates, foreign exchange rates, commodities and energy prices, and the efficient operation of financial and capital markets.

The COVID-19 pandemic issue has had an impact on the food industries as well. The COVID-19 pandemic is upending life, and the food sector is seeing an increase in trends like takeaway foods. The food businesses are launching innovative programs, including takeaway foods, which are readily available and straightforward to consume.

Why Purchase the Report?
• To visualize the global takeaway foods market segmentation based on order, restaurant type, and region and understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of takeaway foods market-level with all segments.
• The PDF report includes a comprehensive market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.
The Global Takeaway Foods Market report would provide approximately 53 tables, 48 figures and 165 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies