Restaurant Takeout Market Report, Size, Share, Growth, Trends, Forecast to 2033

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The new report published by The Business Research Company, titled Restaurant Takeout Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the restaurant takeout market size has grown strongly in recent years. It will grow from $2,465.96 billion in 2023 to $2,681.86 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The restaurant takeout market size is expected to see strong growth in the next few years. It will grow to $3,819.24 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%.

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What Is Driving The Growth Of The Global Restaurant Takeout Market?

Convenience Foods Fuel Rise Of Restaurant Takeout Industry
The increased demand for convenience foods is expected to propel the growth of the restaurant takeout market going forward. Convenience foods are pre-packaged or pre-prepared items designed for quick and easy consumption with minimal time preparation cater to busy lifestyles by offering ready-to-eat meals or simple heat-and-serve options. The increased demand for convenience foods is due to busy lifestyles, lack of time for cooking, and the desire for quick, easy meal solutions. Restaurant takeout helps meet the increased demand for convenience foods by providing quick, ready-to-eat meal options, saving busy individuals time and effort, and offering quality dining experiences without needing home cooking. For instance, in March 2022, according to Blue Diamond Almond, a US-based organization, the ready-to-eat meal segment revenue in 2022 was $46,916 million and is expected to increase by 0.83% compound annual till 2026. Therefore, the increased demand for convenience foods drives the restaurant takeout market.

What Is The Key Trend In The Global Restaurant Takeout Market?

Advancements In Technology Drive Restaurant Takeout Growth
Major companies operating in the restaurant takeout market are focused on developing innovative solutions, such as Smart Links, to simplify the ordering process, provide personalized recommendations, and drive customer engagement. Smart Links provides restaurants with free, customized links that they can easily share on social media platforms such as WhatsApp, Instagram, and Facebook. For instance, in April 2024, Swiggy, an India-based food ordering company, launched a new tool, Smart Links, to help restaurants of all sizes improve their online visibility and drive more orders. This enables restaurants to drive orders through their online presence and engage with a broader audience. Smart Links is a powerful tool designed to help restaurants boost their online presence and drive more orders through personalized links and valuable insights

How Is The Global Restaurant Takeout Market Segmented?
The restaurant takeout market covered in this report is segmented -

1) By Meal: Breakfast, Brunch, Lunch, High Tea, Dinner
2) By Nature: Vegetarian, Non Vegetarian, Vegan
3) By Purchase Model: Direct-To-Consumer, Platform-To-Consumer
4) By Payment: Cash, Debit Cards, Credit Cards, Digital Wallets, Electronic Bank Transfers
5) By Business: Chained Foodservice, Independent Foodservice

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How Is The Competitive Landscape Of The Global Restaurant Takeout Market?
Major companies operating in the restaurant takeout market are Panda Restaurant Group, Starbucks Corporation, Uber Technologies Inc., KFC Corporation, DoorDash Inc., Domino's Pizza Group PLC, Panera Bread Company, Grubhub Inc., First Watch Restaurants Group, Manchu Wok Inc., Huddle House Inc., Denny's Corporation, Bob Evans Farms Inc., HuHot Mongolian Grill LLC, Another Broken Egg of America Franchising LLC, The Original Pancake House Company, Mama Fu's Franchise Group LLC, Biscuitville Fresh Southern, Spaghetti Warehouse Inc., Caviar

Contents Of The Global Restaurant Takeout Market
1. Executive Summary
2. Restaurant Takeout Market Report Structure
3. Restaurant Takeout Market Trends And Strategies
4. Restaurant Takeout Market - Macro Economic Scenario
5. Restaurant Takeout Market Size And Growth
…..
27. Restaurant Takeout Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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