The restaurant takeout market is expected to reach US$ 4,024.9 billion in 2032 from US$ 2,199.4 Billion in 2022, with a CAGR of 8.3% from 2022 to 2032.
The Covid-19 pandemic’s repercussions on the world economy may have increased the growth of the restaurant takeout business, but what really made it possible was the recent proliferation of fleet types and delivery patterns, including delivery from stores, curbside pickup, delivery from robotic warehouses, and others.
Due to the intense competition for this lucrative sector, restaurants, grocery stores, and other food suppliers must stay current on industry trends.
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Along with other major trends and possibilities, increased urbanisation, 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
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Frequently Asked Questions
- What is the CAGR of the Restaurant Takeout Market?
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- Which are the Top 3 Leading Countries in the Restaurant Takeout Market?
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