By 2033, the takeaway dinner market is expected to grow at a 7% CAGR and reach US$ 514.7 billion. This gastronomic revolution is sparked by urbanization, internet meal delivery, changing nutritional choices, and technology improvements. Convenience and flavors come together as drones deliver mouthwatering treats.
Takeaway dinners are increasingly necessary as urbanization continues to soar and the need for quick meals rises. This tendency is amplified by online food delivery services, which make it simple for people to savor their preferred restaurant meals at home. At the same time, changing dietary tastes give takeaway dinner providers the chance to cater to people who are concerned about their health and are looking for quick and simple meals.
The scene is being further altered by technological breakthroughs, with novel approaches like drone delivery simplifying and improving efficiency. Despite the market’s potential for growth, intense competition continues to be a problem, particularly for new entrants trying to find their niche. Additionally, delivery fees may be a deterrent for consumers on a budget, and food safety events may raise concerns among potential clients. Takeaway dinner suppliers can grow their reach and keep on top of trends by developing unique products and services, tapping into unexplored areas, and forming strategic alliances.
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Key Takeaways
- With a significant growth rate of 9.6%, the United States outperforms the competition, demonstrating a robust market and high demand for takeaway meals.
- With a close second at 7.0%, China has a strong hunger for takeaway meals, which reflects the nation’s evolving lifestyle and urbanization tendencies.
- India’s strong 9.6% growth rate demonstrates the country’s population’s growing desire for takeaway meals, which is being fueled by convenience and shifting customer preferences.
- Comparatively slower growth rates, ranging from 2.6% to 6.6% in Germany, Japan, Australia, and the United Kingdom, point to a stable but slower growth of the takeaway dinner market in these nations.
Competitive Landscape
The takeout dinner market is characterized by high competition, fueled by the growing popularity of online food delivery, the increasing number of restaurants offering takeout options, and the entry of new players. Online platforms have transformed the way consumers access and choose their meals, intensifying the race among restaurants to attract customers. With the market becoming more crowded, businesses are compelled to differentiate themselves and deliver exceptional experiences to stay competitive. The influx of new entrants brings fresh perspectives and innovation, further driving the need for established players to adapt and innovate. In this dynamic landscape, success lies in navigating the competitive environment, meeting evolving consumer demands, and consistently delivering on convenience, variety, and quality.
GrubHub:
One of the top companies in the market for takeaway meals is Grubhub. Over 4,000 cities in the United States and Canada are served by the business. Numerous capabilities are available through Grubhub, such as online ordering, delivery, and pickup. For its large selection of eateries and simple ordering method, Grubhub is well-known.
DoorDash:
Another significant player in the market for takeaway meals is DoorDash. The business is active in more than 4,000 American communities. A few of the things that DoorDash offers are online ordering, delivery, and pickup. Fast delivery times and a sizable network of drivers are two things that DoorDash is renowned for.
UberEats:
The market for takeaway dinners is heavily dominated by Uber Eats. The business is active in more than 6,000 cities across more than 40 nations. Numerous features are available through Uber Eats, such as online ordering, delivery, and pickup. Because of its connection with Uber and global presence, Uber Eats is well known.
Key Developments
- The market for takeaway dinners is expanding as a result of the emergence of online food delivery. Consumers now have a seamless experience purchasing takeaway meals because to the accessibility and convenience offered by online food delivery platforms, which is driving the market’s growth.
- A rise in the popularity of healthy takeaway dinners is a result of the increased emphasis on healthy eating. Providers of takeaway dinners are responding to this need by providing a wide variety of nutrient-dense options, allowing customers to make better decisions while still taking advantage of the convenience of takeaway meals.
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Key Segments
By Nature:
- Vegetarian
- Non Vegetarian
- Vegan
By Payment Type:
- Cash
- Debit Cards
- Credit Cards
- Digital Wallets
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa
- Oceania
- Electronic Bank Transfers
By Cuisine Type:
- Thai
- Italian
- Chinese
- Japanese
- Mexican
- Indian
- Greek
- American
- Others {Spanish, Mediterranean}
By Business Type:
- Chain Food Service
- Independent Food Service
By Purchase Model:
- Direct to Consumer
- Platform to Consume
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa
- Oceania
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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