Takeaway Food Market Size, Share, Growth, and Industry Analysis, By Type (Veg, and Non-Veg), By Application (Fast-Food Chain Restaurants, Online Channels, and Independent Restaurants), and Re-gional Insights and Forecast to 2032

• 

   Request a Free Sample To Get More Information on this Market

TAKEAWAY FOOD MARKET OVERVIEW

The Takeaway Food Market size was valued at approximately USD 150 billion in 2024 and is expected to reach USD 300 billion by 2032, growing at a compound annual growth rate (CAGR) of about 9% from 2024 to 2032.

The Takeaway food market is one of the most growing markets considering the changing lifestyle of consumers, increased urbanization, and rising preference toward more convenient types of dining. "Takeaway food," as many would call it, describes a clutter of all busy working professionals and their families yearning for quick, hassle-free meal solutions. From fast food to healthy meals, gourmet treats, and traditional dishes, this market offers a variety of cuisines across categories.

Most major drivers of this growth will include the increase in online food delivery platforms and cloud kitchens as well as improving mobile app technology, which facilitate ordering. The COVID-19 pandemic sped up the expansion of the market; consumers became increasingly dependent on takeout services because of all the lockdowns and restrictions on dining. Safety and hygiene standards are now emerging as critical elements in driving consumer trust and loyalty.

Moreover, the industry is also characterized by tough competition, as well as stiff price competition and the growing demand for sustainable packaging solutions, which arose with environmental concerns. The challenges have caused players' investments in innovative packaging, implementation of eco-friendly practices, and varied menu or product, including vegan and plant-based options.

COVID-19 IMPACT

"Takeaway Food Market Had a Positive Effect Due to people avoiding dining out, many turned to online food ordering and delivery services for convenience and safety"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

COVID-19 had a positive effect on takeaway food market. During closures and social alienation, such increasing demands were placed using food delivery, which required little or no personal contact. Because they did not dine out, many online meal ordering and delivery services were quite convenient and safer for them. This made the food delivery apps grow and the take-away outlet, which revamped its delivery system, enrolls in exclusive promotions. This increased pattern will continue making more and more people adjust their dining habits to something more convenient.

LATEST TREND

"Surge in demand for "one-handed meals," catering to the needs of on-the-go lifestyles to Drive Market Growth"

The takeaway foods market is going through an important change, with whole new trends subjecting the taste of consumers towards convenience in meals. An interesting trend is the growing demand for "one-handed meals," which fits the need of people's busy lifestyle. These meals come packaged in a form that can be easily held in the hand and allow consumption while multitasking or travelling. This trend is being greatly fuelled by an increasing preference for drive-thru services and ready to eat options found at supermarkets which emphasize the current market's shift towards efficiency and mobility in dining experiences​.

TAKEAWAY FOOD MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Veg, and Non-Veg

• Veg - The growing trend of plant-based diets has made people health-conscious; hence the emergence of vegetarian takeaway food has been observed. Most consumers eat vegetarian food as it is considered healthier and sustainable. This trend has resulted in increased vegetarian options in vegetarian takeaway menus, particularly in urban areas.

• Non-Veg - The takeaway food market is still dominated by the non-veg segment, as meat-based dishes are mostly preferred for their richness and variety. Chicken, beef, seafood, etc. fall under this segment and cover the diverse consumers' tastes. As non-veg dishes are growing in demand, several restaurants are diversifying their offerings and catering to the meat-lovers.

By Application

Based on application, the global market can be categorized into Fast-Food Chain Restaurants, Online Channels, and Independent Restaurants

• Fast-Food Chain Restaurants - Fast-food chain restaurants are major segments of takeout food services: prepared meats and side items such as fries for quick and inexpensive meal consumption. They have also added delivery options and online ordering to meet growing demand for takeaway. Popular chains regularly update their menus to tempt more customers and improve the take-out experience.

• Online Channels - Online channels via food delivery apps and websites have changed the facade of takeaway food by offering a wide range of restaurants to customers. The evolution of digital platforms has made ordering easy, with users now able to order food from the comfort of their own homes, but with a mobile app, anyone could even make an order from a hundred miles away. It is anticipated that the convenience of ordering food online would drive market growth.

• Independent Restaurants - Independent restaurants offer unique, often local meals which suit well with specific customer needs in a takeaway food niche. These restaurants have been increasingly bringing into the fray online ordering and delivery channels in order to play catch-up with the big boys. For an independent restaurant, it is this power of uniqueness that will build a following when it comes to the takeaway orders.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

"Increasing Consumer Demand for Convenience to Boost Market Growth"

Convenience is a critical factor driving the takeaway food market. The more time-consuming the value becomes within consumers' lives, the tougher it becomes to fit in preparation and cooking from scratch with convenience-first takeaway meals, especially for working professionals and families. As more people crave hassle-free dining experiences, delivery services and take-out orders have become the go-to options, further driving Takeaway Food Market growth.

"Expansion of Online Ordering Platforms to Drive Market Growth"

Encouraged growth of take-away among online food ordering platforms. Take online food ordering through apps and websites like UberEats, Grubhub, and DoorDash: convenient browsing through menus and orders made at the ease of the consumer's home. The convenience, user-friendliness, and choices from these channels have vastly increased consumption of takeaway food leads to the Takeaway Food Market growth.

Restraining Factor

"Concerns Over Health and Nutrition to Potentially Impede Market Growth"

The increasing concerns over the nutritional content and the health effects of fast food can be one of the hindrances to the takeaway food market. Most customers are now opting for healthy lifestyles and reducing their consumption of takeaways due to the high fats, sugar, and salt content of such foods. Therefore, this creates a restriction in overall growth, especially for health-conscious people and families, in the consumption of takeaway foods.

Opportunity

"Rising Demand for Online Ordering and Delivery Services To Create Opportunity for the Product in the Market"

Currently, there is a trend of increasing demand for online ordering and delivery services among takeaway food consumers. Through the applications and delivery partners, they increase the growing market reach of their businesses. This trend is most favoured by urbanites because their busy lifestyles require easy availability of quick and ready meal solutions, leaving ample room for growth for the takeaway food market.

Challenge

"Rising Food Delivery Costs Could Be a Potential Challenge for Consumers"

Cost of Delivery is a major challenge for takeaway food market. Rising fuel prices, coupled with the delivery platform fees and labor, squeeze any profit margin that most companies would have if they adopted affordable delivery services to customers. This leads independent restaurants and chains to face the same dilemma-poggled issue of how they can make their business models work despite all the cost of serving their customers.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

TAKEAWAY FOOD MARKET REGIONAL INSIGHTS

• North America

Busy lifestyles generate demand for convenience or time-saving solutions that make North America the strongest contender in the United States takeaway food market. The region is home to a very well-entrenched network of fast-food chains and delivery platforms like Uber Eats and DoorDash that have all played a significant role in making the market more accessible. Coupled with consumer inclination towards variety when it comes to food, the growing demand for online ordering and mobile apps has catalyzed growth. In addition to this expansion caused by all of the other factors, a huge population of North America is tech-savvy and can further increase the demand for such delivery options very rapidly, creating new challenges for the industry.

• Europe

With the development of convenience and changing consumer lifestyles, especially in urban areas, the European region is witnessing the significant increase in takeaway food market share. This has been further expanded by such online food delivery platforms like Deliveroo and Just Eat, making it possible to access a wider range of cuisines. With demand for both traditional and innovative carryout options continuing to be driven forth, diverse food culture has emerged along with an inclination for high-quality, fresh ingredients in the region. Adoption of digital ordering systems into markets across Europe is growing and offers even more support toward its eventual expansion-the growing popularity of food delivery services around the continent would thus be expected to flourish.

• Asia

Asia's features such high population density and to quick-moving lifestyles along with the growing phenomenon of fast urbanization that it dominates takeaway food market share. The market has grown very well due to the popularity of mobile apps such as Meituan and GrabFood. The demographic shift, along with the emerging middle class of countries such as China or India who find much preference for convenience and affordability in foods, is also pushing the demand for these takeaway options. The culture of street food has played a vital role in the adoption of this trend across the region too.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through introducing innovative concepts and strategic partnerships"

Takeaway food market players include big chains, delivery platforms, and small players who put the market into an innovation impetus through strategic partnerships. They rely on technology to better customer experiences, respond to streamlined throughput, and manage delivery efficiencies. Moreover, the growing online presence of these players and widening menu options help serve the changing consumer paradigm. Partnerships with third-party delivery services and the integration of AI for personalized recommendations are further propelling this growth in making takeaway food more accessible and popular among varied customer bases around the world.

List of Top Takeaway Food Companies

• Meatless - (Netherlands)
• The Nisshin Ollio - (Japan)
• Vbites Foods - (U.K.)
• MGP Ingredients - (U.S.)
• Garden Protein International - (Canada)
• AMY's Kitchen - (U.S.)
• Morningstar Farms - (U.S.)

KEY INDUSTRY DEVELOPMENTS

October 2023: One industrial development in the Takeaway Food Market is announced by Wendy’s. They launched an AI powered initiative that is said to directly install voice AI technology into their drive-through system to make the experience super-efficient, faster and more accurate for ordering. This is in line with the technology vision inherent in the induction of AI among other food companies to make all their operations better for the customers. For instance, Wendy's implementation indicates how one can keep personalized service in running using AIs in response to the operational bottleneck posed by having a growing base of takeaway orders.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The Takeaway Food Market is poised for a continued boom pushed by increasing health recognition, the growing popularity of plant-based diets, and innovation in product services. Despite challenges, which include confined uncooked fabric availability and better costs, the demand for gluten-unfastened and nutrient-dense alternatives supports marketplace expansion. Key industry players are advancing via technological upgrades and strategic marketplace growth, enhancing the supply and attraction of Sapphire Earrings. As customer choices shift towards healthier and numerous meal options, the Takeaway Food Market is expected to thrive, with persistent innovation and a broader reputation fueling its destiny prospects.