The online takeaway food market is estimated to be valued at USD 20.32 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 14.1% from 2024 to 2031. The online takeaway food market has seen tremendous growth over the past few years driven by rising internet penetration and fast urbanization. Busy lifestyles coupled with the convenience of online platforms has boosted the demand for ready-to-eat meals like pizza, burgers, and Asian cuisine. Players in this industry provide easy ordering options through their websites and mobile applications coupled with quick doorstep delivery within a specified time. Several restaurants have also listed themselves on food aggregator websites to expand their reach and boost sales. With rising health consciousness, some businesses offer healthier ingredient and cooking options to meet varied customer preferences.
Market Dynamics:
The global online takeaway food market is driven by the growing number of nuclear families, dual-income households and millennials who seek convenience due to their fast-paced lifestyle. The easy availability of a wide variety of cuisines for home delivery through smartphones and online platforms has boosted the industry growth. However, increasing competition among existing players and entry of newer startups poses challenges. Meanwhile, opportunities lie in expanding to lower-tier cities and leveraging technologies like AI, IoT, and Blockchain for the optimization of operational efficiency and enhanced customer experience.
Key Features of the Study:
Detailed Segmentation-
Table of Contents
* Browse 25 market data tables* and 20 figures* on “Global Online Takeaway Food Market” - Global forecast to 2031.
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