The global online food delivery and takeaway market is expected to grow from USD 22,941.68 million 2017 to USD 54,278.57 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 13.09%.
"Increased penetration of internet and smartphonesis one of the factors largely attributing to the growth of online food delivery and takeaway market globally"
The factors attributing to the growth of the market are increased penetration of internet and smartphones, convenience provided by online food ordering platforms, access to variety of food at one virtual marketplace and option to pay online, and increasing hectic work schedule and congested metropolitan cities. However, some factors such as inability to keep up with ordered volume and consistence of food delivery, and unreliable delivery and logistics stuff may hinder the market growth. The global online food delivery and takeaway market is expected to showcase the opportunities such as presence of large and well-organized food service sector, continuous innovation in the food ordering and delivery segment, and economic growth and high urbanization rate with higher disposable income. In the near future, the market may face the possible challenges in the growth due to cannibalisation of the existing players, and existence of big old payers. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global online food delivery and takeaway market market.
On the basis of geography, the global online food delivery and takeaway market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia).
"Delivery Hero SE: The potential growing player for the global online food delivery and takeaway market"
The key players profiled in the global online food delivery and takeaway market are Delivery Hero SE, Domino's Pizza Group PLC, Foodler Inc., Foodpanda GmbH, GrubHub Holdings Inc., Just Eat PLC, Mobo Systems, Inc., Pizza Hut, LLC, Snapfinger, Inc., and Takeaway.com N.V..
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global online food delivery and takeaway market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global online food delivery and takeaway market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global online food delivery and takeaway market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global online food delivery and takeaway market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global online food delivery and takeaway market.