Published on : Apr 03, 2017
Albany, New York, April 03, 2017: A recent market research report added to the vast research report portfolio of ResearchMoz.us presents a detailed overview of the growth prospects of the global online food delivery and takeaway market over the period between 2016 and 2021. The detailed research report states that the market will exhibit a promising 15.25% CAGR over the said period and that the market in North America will expand at the most promising rate.
The report is titled “Global Online Food Delivery and Takeaway Market - Analysis By Order Type, By Region, By Country: Trends, Opportunities and Forecasts (2016-2021) - By Order Type (Delivery, Takeaway); By Region (North America, Europe, Asia-Pacific, South America and MEA); By Country (U.S., Canada, U.K., Italy, Spain, France, Netherland, China, Japan, India, Australia, Brazil, Mexico, Saudi Arabia, U.A.E and South Africa).”
The report also states that the convenience offered by food delivery and takeaway services will be key to the rising popularity and growth prospects of the market. The convenience factor, in terms of online payment options and easy access to a variety of food choices, will especially be of more appeal to the rising population of busy urban dwellers. As disposable incomes and the usage of digital devices with easy access to the internet rise among people of this demographic, the demand for online food delivery and takeaway services will soar in the near future.
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The orders placed for online deliveries are expected to rise at a higher pace as compared to the food takeaway orders in the next few years, chiefly owing to busy work schedules in urban establishments. On a geographical front, the market for online food delivery and takeaway will be dominated by the North America market. The high growth prospects of the North America online food delivery and takeaway market are largely attributable to the vast and well-organized food service industry and the implementation of innovative food ordering and delivery options.
In developing economies across Asia Pacific, South America, and MEA, the market for online food delivery and takeaway will be driven by the promising pace of economic growth, rising disposable incomes of the population, and significant rise in the rate of urbanization over the past few years.
The report also provides a detailed overview of the competitive landscape of the global food delivery and takeaway market, profiling some of the leading vendors operating in the market. The report presents a detailed overview of the competitiveness of the market with the help of Porter’s Five Forces analysis. Strengths, weakness, opportunities, and threats concerning the leading companies are also analyzed.
The leading companies operating in the global online food delivery and takeaway market profiled in the report include Delivery Hero GmbH, Domino's Pizza Group plc., Just Eat Holding Limited, Foodpanda, Takeaway.com, and GrubHub.
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