Delivery Takeaway Food Sales Market size is expected to witness surge in demand owing to rising trend of packaging and consignment of several meal products for customers. Hectic lifestyle, facility of online distribution and increasing disposable income will drive industry growth. Restaurants are offering meals for homes that is undergoing rapid change as new online platform race dominates industry share. Several companies are expanding by providing dine in facility along with home deliveries.
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Rise of digital technology is reshaping delivery takeaway food sales market size from 2017 to 2024. Customers are being accommodated to shop online through various websites and apps. People are moving towards ordering online at a higher frequency. Growing technology will propel product demand in forecast period. Full service restaurants are heavily and negatively hit by the growth of third party service providers. Full service dines are highly dependent on third party service providers. Online ordering has become easier and simpler with the rise in smart phone sector.
Consumers are not willing to wait at restaurants for dines. They find it easy to order online and pay extra sum of money. Rising consumer convenience need will effectively drive product demand. Increasing working women in various organization and increasing responsibilities will drive delivery takeaway food sales market size over the forecast timeline. Increasing consumer preference towards convenience and easy availability of huge variety of eateries at home will accelerate business. Growing employment opportunity and easy workforce availability will accelerate product demand in forecast time period.
Challenges faced by delivery takeaway food sales market are high cost, quality of ingredients, cooking style and distribution time. Ordering online can be very expensive as restaurants charge extra for pickups and home distribution. Growing consumer awareness towards high cost and hygiene hinders surge in product demand.
On the basis of product, delivery takeaway food sales market in split into veg and non-veg. Price range includes high, medium and low divisions. Most of the customers prefer medium range pricing. Distribution channels comprises of fast food chains restaurants, online channel and independent restaurants.
Europe, particularly led by UK and Germany will witness growth in delivery takeaway food sales market owing to increasing requirement for convenience and hectic lifestyle. Consumers are spending on online apps and websites to order eateries from outside. Increasing penetration of local online service providers along with rising consumer demand will drive industry growth in the region.
Growing urbanization, increase in disposable income has propelled demand for delivery takeaway food sales market size in Asia Pacific. China started the trend of online ordering of Chinese eateries that later spread worldwide. Growing demand for cell phones and increasing population will positively impact regional delivery takeaway food sales market share over the forecast period.
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North America, especially dominated by the U.S. is the largest contributor to delivery takeaway food sales market as it consumes highest number of outside eateries. High rate of employment coupled with rising eating habits will positively impact business growth.
Prominent players in delivery takeaway food sales market includes Grubhub, OLO, Domino’s Pizza, Just Eat, Swiggy, Snapfinger, Pizza Hut, Mobo Systems and Zomato. Companies are competing amongst each other by merging with various full-service restaurants for growth and development.
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