Delivery & Takeaway Food Market is estimated to be US$ 505.8 Billion by 2034 with a CAGR of 7.90% during the forecast period

Food delivery is a courier service in which a consumer receives food from an independent food-delivery company, a store, a food joint, or a restaurant. An order can be placed over the phone, through an app, or through a food delivery service. This food delivery and takeaway service may supply groceries, desserts, drinks, sides, and entrees. The increased popularity of these types of services is projected to boost the global delivery and takeaway food business. The ongoing new coronavirus outbreak across the globe is expected to boost the global delivery and takeaway food business. People are compelled to stay at home due to social distancing established to avoid the spread of the illness, which has made eating out with friends difficult.

Region Analysis:

North America dominates the delivery and takeaway food market due to high presence of online food delivery service companies, rising demand for customization in food offerings, high acceptance of fast foods among consumers, intensive advertising by key players for hygiene food home delivery services, presence of restaurant chains that offer home delivery services, and growing demand for ready-to-eat products. The rising consumption of fast foods, increasing use of m-Commerce, expanding advanced technology and internet penetration, and the high presence of local companies are some of the factors that will support the expansion of the delivery and takeaway food market in Asia Pacific throughout the forecast period.

Key Highlights:

• McDonald's Corporation (MCD), based in the United States, purchased Dynamic Yield Ltd in March 2019. The latter is a major player in the fields of customization and decision logic. McDonald's is expected to use Dynamic Yield Ltd's technology to provide a more tailored customer experience as a result of this acquisition. Food items are displayed on the computerised Drive Thru menu based on current restaurant traffic, weather, trending menu items, and time of day. This level of customization is expected to attract more customers and increase McDonald's sales in the near future.

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Key Market Insights from the report:

Global Delivery & Takeaway Food Market accounted for US$ 252.8 Billion in 2024 and is estimated to be US$ 505.8 Billion by 2034 and is anticipated to register a CAGR of 7.90%. The delivery and takeaway food market report segments the market on the basis of type, distribution channel, and region.

• Based on Type, Delivery & Takeaway Food Market is segmented into vegetarian, Non-Vegetarian, and Others (Dessert and Beverages).
• Based on Distribution Channel, Delivery & Takeaway Food Market is segmented into Fast-Food Chain Restaurants, Online Channels, and Independent Restaurants.  
• By Region, the Delivery & Takeaway Food Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Global Delivery & Takeaway Food Market:

Key players in the global delivery and takeaway food market includes, Delivery Hero Holding GmbH, Foodpanda GmbH, Just Eat Holding Limited, com N.V., Grubhub, Inc., Domino's Pizza Inc., Snapfinger, Inc., Pizza Hut Inc., Foodler Inc., and Mobo Systems, Inc.