Uploaded on Jul 16, 2019
Online Takeaway Food Market
Online Takeaway Food Market
Research Report and Overview on Online Takeaway Food Market, 2018 to 2026
Takeaway food is a food, which is ordered online, made in restaurant and then taken away to be
eaten at home or somewhere else. Online food services make ordering process easier and
convenient, maintain cost transparency including price along with other taxes to be charged and
monitor expenses incurring in real-time. These services enable customers to order through mobile
app and explore various options of food without intervention of contractors. Currently, healthier
menus are considered to be one of the significant strategies that can be adopted in the global
online takeaway food market to gain profit.
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Major players operating in the global online takeaway food market include Pizza Hut Inc.,
Delivery Hero Holding GmbH, Just Eat Holding Limited, Foodler Inc., Foodpanda
GmbH,Takeaway.com Holding B.V, Zomato Media Private Limited, Grubhub, Inc., Domino's Pizza
Inc., Snapfinger Inc., Mobo Systems Inc., and others.
Market Dynamics:-
The global online takeaway food market is currently driven by the consumers’ inclination towards
health and wellness. Rising awareness towards healthy eating is forcing online food service
companies to provide healthier options in their food menu. According to the Global Wellness
Institute, in 2015, global wellness economy accounted for US$ 3.7 trillion, which increased to
US$ 4.2 trillion by the end of 2017. The market includes healthy eating, nutrition, and weight
loss sector, which accounted for US$ 702.00 billion of total global wellness economy in 2017.
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Market Outlook:-
Asia Pacific is expected to be the fastest growing region in the global online takeaway food
market during the forecast period. This is owing to growing urbanization, rising working people
populace, rapid access to mobile phones, expansion of internet penetration for ordering food
online, and rising disposal income. Therefore, significant growth in urbanization is expected to
drive the global online takeaway food market growth over the forecast period in Asia Pacific. For
instance, according to India Brand Equity Foundation, number of Indians living in urban areas is
expected to reach 600 million by 2031 from 434 million in 2015. Furthermore, over 70% of
India’s GDP will be contributed by the urban areas by 2020.
However, government regulations on online food delivery increases for providing food safety and
hygiene rather than focusing only on deep discounts and aggressive marketing to build consumer
traction to their respective platforms. For instance, in 2018, The Food Safety and Standards
Authority of India (FSSAI) said that the licences and registrations of up to 40% of the restaurants
listed by online food delivery platforms were not verified despite instructions.
About Coherent Market Insights:
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syndicated research reports, custom market analysis, consulting services, and competitive
analysisthrough various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
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