October 25, 2019
According to the latest study titled ‘Global Online Food Delivery and Takeaway Market (2019 Edition), Analysis By Order Type (Delivery, Takeaway & Dine-in), By Region, By Country: Market Insights, Company Analysis, Opportunity Assessment and Forecast (2014-2024)’ available at MarketStudyReport.com, the global online food delivery and takeaway market is expected to grow with a CAGR of 16.46% by the year 2024.
Online food delivery and takeaway market has been primarily accepted by the increasing youth population with rising internet penetration in countries around the world. It is supported with escalating smartphone users and consumers choosing online delivery platforms owing to suitability and ease of delivery at their doorstep.
Rising population and changing lifestyle, along with extensive adoption of trend of trying new cuisines from around the world among the consumers, will augment the growth of online food delivery and takeaway market. Other factors aiding the market growth are promotional offers and cashbacks offered by various online platforms.
The study examines online food delivery and takeaway market for revenue shares and growth opportunities by different segments. Moreover, it provides an exhaustive understanding about trends, drivers, and restraints influencing the market growth, alongside the strategic recommendations for expansions.
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Based on order type, the industry is segmented as delivery, takeaway, and dine-in. While considering the geographical landscape, online food delivery and takeaway market is fragmented into four major regions as North America, Europe, Asia Pacific, and rest of the world, with major focus on countries including Italy, US, Spain, Canada, France, UK, Netherlands, India, China, Australia, Japan, UAE, and Brazil.
Moreover, North America dominated the global online food delivery and takeaway market in 2019, claims the report. The regional growth is attributed to the presence of leading market players, along with the service of timely delivery and variety food options.
Some of the vendors that operate in the online food delivery and takeaway market are Foodpanda GmbH, Delivery Hero Holding GmbH, Just Eat Holding Ltd, Grubhub Inc., Takeaway.com N.V., Deliveroo, Domino’s Pizza Inc., Foodler Inc., Pizza Hut Inc., and Ubereats.
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