Global Online Food Delivery & Takeaway Market to Expand At 16.46% CAGR Through 2024

July 14, 2020

According to the research report titled ‘Global Online Food Delivery and Takeaway Market (2019 Edition) ? Analysis By Order Type, By Region, By Country: Market Insights, Company Analysis, Opportunity Assessment and Forecast (2014-2024)’, available with Market Study Report LLC, global online food delivery and takeaway market is expected to grow with a CAGR of 16.46% during 2019-2024.

Growing population and evolving consumer lifestyle & preferences are major factors driving the growth of online food delivery and takeaway market. Inclination towards exploring new cuisines coupled with various cashbacks & offers provided by online platforms are further accelerating the market expansion.

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As per order type, online food delivery & takeaway industry is bifurcated into dine-in, takeaway and delivery. From the regional frame of reference, the market is split into North America, Europe, Asia-Pacific and Rest of the World, with key focus on nations including UAE, Brazil, Australia, India, Japan, China Netherlands, France, Spain, Italy, UK, Canada, and the U.S.

The report states that North America accounted for a significant share in global online food delivery and takeaway market in the recent past and is predicted to expand considerably during the forecast period. Leading players across the region are focusing on expanding presence by providing timely delivery as well as collaborating with numerous food outlets in order to offer distinctive food products, which in turn is favoring the market scenario in North America.

Uber Eats, Deliveroo, Foodler Inc., Pizza Hut Inc., Domino’s Pizza Inc., Grubhub Inc., N.V., Just Eat Holding Ltd., Foodpanda GmbH, and Delivery Hero Holding GmbH are the key participants in global online food delivery & takeaway industry.

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