Consumer Demand For Delivery And Takeaway Food Soars With Availability Of Easy Payment Options

The global market for delivery and takeaway food is anticipated to cross US$100 bn by 2020, states a report added to the massive database of MarketResearchReports.biz. This report, titled “Global Delivery and Takeaway Food Market 2016-2020”, states that the market is poised to register a modest 2.74% CAGR during the forecast period. The 64-page publication covers the current as well as future scenario of the worldwide market and presents an overview of its performance in the commercial foodservice industry. The key trends, drivers, and restraints that impact the market have also been analyzed in the study.

The global delivery and takeaway food market is primarily driven by the booming e-commerce sector. This can be attributed to a host of factors, including growing internet penetration, simplified online payment solutions, and the rising usage of smartphones. Busy and hectic lifestyles of the consumers have compelled them to look for easy and convenient solutions for food delivery, which has spurred the foodservice industry as a whole. Another trend noted in the delivery and takeaway food market is the demand for healthy and nutritious meals on the menu of fast food restaurants and quick service restaurants. Keeping this in mind, vendors have been introducing items such as fruit and vegetable salads and fresh juices.

Based on geography, the global market for delivery and takeaway food is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas dominate the market and accounted for a share of over 37.0% in 2015. This market is fueled by the rising demand for customized food menus, a fast-paced lifestyle, and growing consumer preference for convenient food that can be delivered at home. The rising trend of ordering online has also benefited the American market for delivery and takeaway food.

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Just Eat, Grubhub, Delivery Hero, Takeaway, and Foodpanda are the leading vendors operating in the global delivery and takeaway food market. These players have been examined in the report in detail, taking into consideration key parameters such as product overview, product classification, brand portfolio, financial statements, geographical presence, and revenue. The weaknesses and strengths of the dominant players in the delivery and takeaway food market have also been discussed at length so as to offer clients a clear understanding of their competition and enable them to devise strategic plans on gaining an edge over them. Other prominent players in this industry include Snapfinger, Foodler, Yemeksepeti, Zomato, Delivery, Domino’s, Olo, and Pizza Hut.

The report finds that the market for delivery and takeaway food is immensely fragmented in nature owing to the presence of several large small vendors offering competitive prices, innovative products and services, and improved quality of food. The need to offer customized menus and services stems from the highly competitive environment of the global delivery and takeaway food market.

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