The restaurant takeout market set to surge, reaching US$ 4,024.9 billion by 2032 with an 8.3% CAGR. Post-Covid trends include innovative service patterns like curbside pickup and robotic warehouse delivery. Amid fierce competition, staying updated on sector advancements is crucial for food providers
The Covid-19 outbreak may have had an influence on the global restaurant takeaway industry, but curbside pickup, delivery from robotic warehouses and delivery from stores are only a few of the service patterns and fleet types that have recently expanded.
Given the intense competition and large market potential in the restaurant takeout industry, restaurants, grocers, and other food providers need to stay abreast of advancements in this sector.
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Along with other major trends and possibilities, increased urbanization, global internet usage, the proliferation of fast-food chains, and rising household restaurant takeaway spending have all contributed to the growth of the restaurant takeaway business.
Emerging multicultural populations, increased use of online media, online market place convenience, and restaurant takeout market consolidation are some of the restaurant takeout market adoption trends and restaurant takeout market future trends.
Barriers to entry into the restaurant takeout market are due to high logistical complexities, as well as the time-consuming development and implementation of systems that accept orders online, which are among the major challenges in the restaurant takeout market and restaurant takeout market key trends and opportunities.
For newcomers to the restaurant takeout market, getting things up and running can be very costly and time-consuming, which influences the emerging trends in the restaurant takeout market.
Key Takeaways:
- Europe has a restaurant takeout market share of 19.7% in the restaurant takeout market.
- The independent foodservice segment of the restaurant takeout market has the largest market share of 62.5% in the business type category through 2032.
- East Asia has a restaurant takeout market share of 31.2% in the restaurant takeout market.
- The platform-to-consumer segment of the restaurant takeout market is expected to outperform the purchase model category through 2032.
- North America has a restaurant takeout market share of 23.3% in the restaurant takeout market.
- Latin America has a restaurant takeout market share of 8.9% in the restaurant takeout market.
- The restaurant takeout market is dominated by South Asia, with a share of 11.3%.
Competitive Landscape:
New market research report on restaurant takeout shows that the legacy players in the restaurant takeout market are concentrating on delivering solutions that meet specific needs, such as the installation of various technologies and the update and extension of current systems that will boost the restaurant takeout market key trends & opportunities.
The restaurant takeout market is dominated by Denny’s, Bob Evans, Biscuitville, Another Broken Egg Café, The Original Pancake House, First Watch, Village Inn, Huddle House, Perkins, Manchu Wok, HuHot Mongolian Grill, Mama Fu’s, Panda Express, Spaghetti Warehouse, Fazoli’s,appadeaux Seafood Kitchen.
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Recent Development in the Restaurant Takeout Market:
- In partnership with Beyond Meat, KFC (Yum! Brands, Inc.) became the first national U.S. quick service restaurant to test plant-based chicken in 2019. In collaboration with Beyond Meat, KFC introduced “Beyond Fried Chicken,” a plant-based chicken that debuted in a limited test series.
- In 2019, Dubai retailer Marka announced the opening of its first Deli Kitchen Restaurant in Dubai’s Design District, with the goal of providing free delivery to the Design District’s offices via WhatsApp ordering.
- Google announced in July 2020 that it had begun testing food delivery services in India, allowing customers to place orders directly through Google’s search engine. Dunzo, a third-party platform in the process of upgrading its systems, is expected to deliver. The feature is already available in the United States at orderfood.google.com, and users can use voice assistants to place orders.
Key Segments
By Meal Type:
- Breakfast
- Brunch
- Lunch
- High Tea
- Dinner
By Nature:
- Vegetarian
- Non Vegetarian
- Vegan
By Payment Type:
- Cash
- Debit Cards
- Credit Cards
- Digital Wallets
- Electronic Bank Transfers
By Business Type:
- Chained Foodservice
- Independent Foodservice
By Purchase Model:
- Direct-To-Consumer
- Platform-To-Consumer
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
- Emerging Countries
Frequently Asked Questions
- What is the CAGR of the Restaurant Takeout Market?
- Which is the Leading Region in the Restaurant Takeout Market?
- Which Segment Leads in the Restaurant Takeout Market by Business Type?
- What is the Growth Estimated for the Restaurant Takeout Market by 2032?
- Which are the Top 3 Leading Countries in the Restaurant Takeout Market?
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