logo
logo
Sign in

The global Online Takeaway Food Market Growth Accelerated by Increased Adoption of Online Ordering Services

avatar
naufan
 The global Online Takeaway Food Market Growth Accelerated by Increased Adoption of Online Ordering Services

The online takeaway food market is witnessing exponential growth owing to the rising demand for quick, hassle-free and home delivery services. With hectic schedules and busy lifestyles, people are increasingly relying on online platforms to order meals from nearby restaurants. Online food ordering offers convenience in terms of comparing menus, reading reviews, tracking orders and paying digitally without waiting on call. Food items like pizza, Chinese, Continental and Indian cuisines are the most preferred takeaway choices.

The global Online Takeaway Food Market is estimated to be valued at US$ 167.2 Bn in 2023 and is expected to exhibit a CAGR of 34% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increased adoption of online ordering is one of the major trends driving the growth of the online takeaway food market. With rising internet and smartphone penetration, more people are using online platforms to order meals from nearby restaurants. The ease and convenience of online platforms as compared to physical visits or calls to restaurants has boosted their popularity substantially. Furthermore, features like cash-on-delivery, loyalty programs, specialized apps and live order tracking have made online food ordering an integral part of the on-the-go lifestyle. This shift towards digital convenience is expected to accelerate the market growth over the forecast period.

Segment Analysis

The global online takeaway food market is dominated by the food delivery sub-segment. This is because online food delivery services provide consumers with the utmost convenience in ordering meals from their favorite restaurants without having to physically visit the restaurant. The food delivery sub-segment has gained immense popularity in recent years as it allows users to choose from a diverse selection of cuisines available on food aggregator platforms and apps.

Key Takeaways

The Global Online Takeaway Food Market Size is expected to witness high growth. The global Online Takeaway Food Market is estimated to be valued at US$ 167.2 Bn in 2023 and is expected to exhibit a CAGR of 34% over the forecast period 2023 to 2030.

The Asia Pacific region currently dominates the online takeaway food market and is projected to remain the fastest growing regional market over the forecast period. Countries like China, India, and Japan have emerged as major lucrative markets for online food delivery and takeaway services due to rising disposable incomes, increasing internet penetration, and growing dependence on online platforms for ordering daily meals.

Key players related content comprises: Key players operating in the online takeaway food market are Jon-Don LLC., LG Electronics., Appliance Laundry Systems LLC., Electrolux Group, ECOLAB, among others.


Get more insights on this topic:

https://www.dailyprbulletin.com/online-takeaway-food-market-insights-trends/

collect
0
avatar
naufan
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more