Takeaway Food Market Size, Share, Industry, Forecast and outlook (2024-2031)

Takeaway Food Market Overview

Global Takeaway Food Market reached USD 110.2 billion in 2022 and is expected to reach USD 156.7 billion by 2030 growing with a CAGR of 4.5% during the forecast period 2023-2030. The changing consumer lifestyles and higher spending on food are increasing the global takeaway food market growth. 

There is an increase in consumer demand for fresh food, prompt home delivery, and simple accessibility. The market’s key players are reaching out to customers with various offers and a great hassle-free experience. The different partnerships in the market are also helping the market’s expansion. For instance, in May 2020, ITC Hotels partnered with Swiggy to offer contactless deliveries on all pre-paid orders from the hotel chain's takeaway menu that are available on the food delivery platform.

The rise in demand for convenience and ready-to-eat food is the primary driving factor for the increasing demand for the takeaway food market. In addition, changes in consumers eating habits, busy schedules, rapid growth in smartphone users, and the increasing adoption of home delivery & fast food are driving the takeaway food market growth. 

Takeaway Food Market Scope

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Takeaway Food Market Dynamics

The Increasing Demand for Convenient Food Driving the Growth of the Global Takeaway Food Market.

The convenience is a primary factor driving market growth. The advantage of quick food delivery in a short period expands market expansion. The increase in the number of consumers’ preferences towards ready-to-eat meals and fast food products has changed the global market dynamics. Fast food requires less time and effort, which is a significant factor in the increasing demand for these products.

The increasing employment population is leaving the hectic lifestyle with less time for meal preparation. For instance, in 2022, the employment-to-population ratio worldwide was estimated to be approximately 55.8 percent, indicating that just over half of the global working-age population was employed. The food aggregators use this hectic lifestyle and provide beneficial to-go food opportunities. The rising disposable income of consumers worldwide is another factor that facilitates market growth. All these factors are driving the market’s growth.

Various Benefits Associated with Takeaway Food are Driving Market Growth.

Online ordering of food has several benefits. The online orders are received through mobile phones and offer hassle-free and secure payment options. Several menu options, with multicultural benefits, will be provided through these platforms. The food takeouts offer various kinds of food like Chinese, Indian, Thai, Greek, Italian, and others, available effortlessly with better food packaging. The lower prices and exciting offers attract people. 

The online food delivery facility also offers the option to order from local food joints and takeaways, boosting local food businesses’ revenue. Various online platforms provide a wide range of offers, special discounts, and coupons. The mobile ordering and contactless delivery are comfortable. In addition to providing options for ordering food, these facilities offer real-time tracking and making food suggestions based on past orders. The feedback and lodging complaints facility also will be provided.

The Increasing Health Awareness Among People is Restraining the Takeaway Food Market Growth.

The takeaway food contain high amounts of calories. They have lower levels of minerals, fiber, and water than natural food. The takeaway food such as burgers, pizza, sandwiches, fried chicken, and others are high in calories and fat. They are loaded with many chemical and synthetic ingredients to attract customers, which have many adverse health effects. The increasing health awareness among people is restraining the takeaway food market growth.

The increased calories and high fat intake of takeaway food may result in obesity and obesity-related chronic diseases. Obesity is linked to several long-term health conditions, premature death, and illness, including cancer, diabetes, gall bladder disease, fatty liver, heart disease, arthritis, and joint disorders. The World Obesity Federation’s 2023 atlas predicts that 51% of the world, or more than 4 billion people, will be obese or overweight within the next 12 years. 

Takeaway Food Market Segment Analysis 

The global takeaway food market is segmented based on order, restaurant type, and region.

In the Global Takeaway Food Market, the Fast-Food Chains Segment Holds the Largest Market Share. 

The global takeaway food market has been segmented by restaurant type into fast-food chains, independent restaurants, and cloud kitchens. In the takeaway food market analysis report, the fast-food chains segment held the largest takeaway food market share of 45.8% in 2022. The less time and effort needed for the fast-food chain’s availability is the primary factor driving the segment’s growth.

The large market share of the fast-food chains segment is attributed to factors like speed, convenience, and affordability. Some of the industry's significant developments include expanding multicuisine dishes availability, increased online media usage, the comfort of online marketplaces, and increased outlets, which has increased the demand for this segment’s growth. 

Source: DataM Intelligence Analysis (2023)

Global Takeaway Food Market Geographical Penetration

The North America Held the Largest Share of the Takeaway Food Market.

The global takeaway food market is segmented into five parts based on geography: North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. The North American takeaway food market held the largest market share of 38.6% in 2022 in the takeaway food market analysis. The high living standards of people stimulate the demand for takeaway food market growth in this region. Intensive advertising by top players, the high presence of online food delivery service companies, the hectic lifestyle, the increasing adoption of home delivery and fast food, and the increased employment ratio are driving the growth of the takeaway food market in this region. According to the Bureau of Labor Statistics 2023, the employment-population ratio of the USA is about 60.3%. 

Source: DataM Intelligence Analysis (2023)

Takeaway Food Market Major Key Players

The major global players in the market include Delivery Hero Holding, Foodpanda, Eat Holding, Takeaway, Grubhub, Domino's Pizza, Snapfinger, Pizza Hut, Foodler, and Mobo Systems.

COVID-19 Impact on Takeaway Food Market

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

The unprecedented COVID-19 pandemic in 2020 profoundly affected the food industry. Covid-19 has considerably impacted the global food supply chain phases involving food production, processing, distribution, and consumption due to lockdowns and restrictions imposed by various governments. 

Everything has changed due to the COVID-19 epidemic. It has influenced practically every industry, whether positively or negatively. The COVID-19 pandemic's effects on world economic conditions have had an influence. They could impact interest rates, foreign exchange rates, commodities and energy prices, and the efficient operation of financial and capital markets.

The COVID-19 pandemic issue has had an impact on the food industries as well. The COVID-19 pandemic is upending life, and the food sector is seeing increased trends like takeaway food. The food businesses are launching innovative programs, including takeaway food, which are readily available and straightforward to consume. 

By Order

• Online
• Telephone Calls
• Face to Face

By Restaurant Type

• Fast-Food Chains
• Independent Restaurants
• Cloud Kitchen

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In March 2023, BVK Biryani, Chennai based food start-up, launched India's 1 St manless takeaway.
• In August 2022, Zomato Media Private Limited announced the launch of an intercity food delivery service called "Intercity Legends".
• In March 2022, Chipotle, an American chain of fast-casual restaurants, announced a new menu item Pollo Asado. This is available at popular food chains and restaurants in the U.S. and Canada for a limited time, according to a release from Chipotle. The chicken is only available at participating locations and via the Chipotle app, Chipotle’s website, and third-party delivery partners

Why Purchase the Report?

• To visualize the global takeaway food market segmentation based on order, restaurant type, and region and understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development. 
• Excel data sheet with numerous data points of takeaway food market-level with all segments.
• The PDF report includes a comprehensive market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The Global Takeaway Food Market report would provide approximately 53 tables, 48 figures and 165 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies