Published on : Jun 03, 2016
Takeaway food delivery presents convenient alternatives to consumers. There are a number of choices for takeaway food such as online takeaway food portals, restaurant chains presenting ordering services and also local restaurants presenting walk-in and telephone-based food services. The development in the market for takeaway food has outpaced the worldwide GDP development with the fast growth in online ordering. This type of ordering is fuelled by the rising usage of tablets and smartphones and the adoption of E-commerce.
There are a number of developments poised to take place in the market for online takeaway food delivery in the coming future. These have been elaborated as under:
- Increasing Mergers and Acquisitions between Companies: There are a large number of companies operating in the market for online takeaway food delivery. Some of these companies are GrubHub Holding Inc., Delivery Hero and Hungryhouse, Foodpanda, and Just Eat Plc. (JE), among others. These players and a number of other key players have been actively merging and joint venturing in the market. This is resulting in more unique experiences being provided to the consumers of takeaway foods and is stimulating the demand for online food ordering, hence boosting the growth of the market for online takeaway food delivery.
- Rising Trend of Online Ordering within Niche Markets: It has been found that no single product will dominate the whole market and a lot of companies will be involved in this market in the coming years. There is a high scope in the market for more particular kind of food deliveries and there is no restriction on what types of vendors enter this market. Chefs can cook food according to their convenience and it can either be at their homes, or any other kind of venue.
- Rising Demand from Emerging Nations to Heighten Growth: The market for online takeaway food delivery is being supported by a number of factors. The constantly soaring demand for online takeaway food from the emerging nations, the globally rising urban population, and the rising disposable incomes of consumers are amongst the key growth drivers for this market. Hence, this market is poised to rise exponentially in the coming years.
However, factors such as seasonally changing demands of consumers, modifications in internet regulations, and stringent food safety regulations may emerge as key inhibitors in the growth of the online takeaway food delivery market.