Investing in the Future: Healthy Takeout Market Expected to Grow at 10.4% CAGR by 2033

Healthy Takeout Market
Healthy Takeout Market

The healthy takeout market is poised for substantial growth, with a projected valuation of US$ 49.4474 billion by 2033, representing a significant increase from US$ 19.836 billion in 2023. This growth is attributed to changing consumer lifestyles, technological advancements, and a shift towards healthier eating habits, driving the demand for convenient and nutritious takeout options.

The emergence of user-friendly apps and driver networks supported by technology, shifting consumer expectations, and the pandemic’s effects have all contributed to the massive expansion of the healthy takeaway sector. Over 10% of all sales now come from takeout, which has grown to be a significant sales channel and a lifeline for struggling, healthy takeaway businesses. Technology advancements, shifting demographics, and busy lives have produced opportunities and fueled industry expansion. However, obstacles like increased prices for mobile apps and losses suffered by significant firms may impede market expansion and restrict growth potential.

Demand of the Market:

  1. Changing Consumer Preferences: The rise in busy lifestyles and increasing urbanization has led to a surge in demand for healthy takeout options. Consumers are seeking convenient, yet nutritious alternatives to traditional fast food, driving the growth of the healthy takeout market.
  2. Tech-Enabled Convenience: The emergence of user-friendly apps and tech-enabled delivery networks has revolutionized the healthy takeout market, making it more accessible and convenient for consumers. Online ordering platforms and mobile apps have become indispensable tools for connecting consumers with healthy takeout options, driving market growth.

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Growing Factors:

  1. Rising Health Consciousness: Increasing awareness about the importance of healthy eating and the link between diet and overall health is driving the demand for nutritious takeout options. Consumers are actively seeking out healthier alternatives to traditional fast food, creating opportunities for growth in the healthy takeout market.
  2. Technological Advancements: Advancements in information technology and mobile connectivity have facilitated the growth of the healthy takeout market. Mobile apps and online ordering platforms provide consumers with convenient access to a wide range of healthy takeout options, driving market expansion.
  3. Market Consolidation: Despite challenges such as higher costs associated with mobile app usage and market losses incurred by major players, the healthy takeout market remains attractive for investment. Market consolidation and strategic acquisitions are expected to drive further growth and expansion in the market.

Key Takeaways  

  • India’s healthy takeout market is going to exhibit a CAGR of 5.3% by 2033, driven by the desire for quick, wholesome food options and rising health consciousness.
  • The market for healthy takeaways in the United Kingdom is predicted to increase at a CAGR of 5.8% by 2033. This reflects consumers’ growing preference for healthier food options and the expansion of businesses catering to various dietary requirements.
  • China’s healthy takeaway industry is expected to thrive at an astounding CAGR of 12.1%, propelled by a confluence of health-conscious customers, growing urbanization, and a vibrant delivery environment.
  • Australia’s healthy takeaway market continues to develop, with a focus on fresh, locally sourced foods and an increasing emphasis on sustainable practices, with a relatively modest CAGR of 2.3% for the forecast period.
  • With a CAGR of 4.9% for the forecast period, Japan’s market for healthy takeaway exemplifies the country’s dedication to balanced eating by providing a range of traditional and cutting-edge alternatives that satisfy discriminating customers looking for convenience without sacrificing quality.

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Competitive Landscape  

California Almonds, Blue Diamond Growers, Mariani Nut Company, Wonderful Pistachios & Almonds, and Barney Butter are a few of the industry’s leading companies. These businesses respond to a variety of consumer tastes and nutritional requirements by offering a wide range of products made from almonds, such as almond milk, almond butter, almond flour, and whole almonds.

Companies use both global expansion and the development of their distribution networks as key strategies to increase their market reach. Partnerships also help market penetration for food manufacturers in the form of strategic alliances, internet platforms, and partnerships with retailers.

Key Takeaways for Investors:

  1. Investment Opportunities: The healthy takeout market presents lucrative opportunities for investors seeking growth in the B2B industry. With a projected CAGR of 10.4% and a market valuation exceeding US$ 49 billion by 2033, the market offers significant potential for returns on investment.
  2. Focus on Technology: Investing in companies that leverage technology to enhance the online ordering and delivery experience can drive market competitiveness and growth. Companies that prioritize innovation and invest in digital platforms are well-positioned to capitalize on the growing demand for healthy takeout options.
  3. Market Expansion Strategies: With increasing demand for healthy takeout across regions, investing in companies that focus on global expansion and market penetration can yield substantial returns. Companies that invest in marketing, branding, and distribution channels to reach a wider audience are likely to experience sustained growth in the healthy takeout market.
  4. Regulatory Compliance: Investing in companies that adhere to food safety standards and regulatory requirements can mitigate risks and enhance market credibility. Companies that prioritize quality control and transparency in their operations are perceived favorably by consumers, driving market trust and loyalty.

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Recent Developments 

  • In June 2022, online ordering platform Lunchbox decided to acquire NovaDine, a multi-unit restaurant chain’s enterprise digital ordering provider. The terms of the arrangement were kept private. The acquisition gives Lunchbox access to an enterprise suite to develop its digital ordering technology, and it is envisaged that restaurant owners are going to be able to manage digital guest experiences from a single operating system as a result.
  • In May 2022, Fat Brands acquired the 85-unit franchised network of eateries that offers lunch, cookies, espresso, and ice cream treats from Crest Foods, the company stated on Wednesday. The stores’ current moniker, Fat, changed to Great American Cookies. Terms of the acquisition were kept private.

Key Segments

By Meal Type:

  • Breakfast
  • Brunch
  • Lunch
  • High Tea
  • Dinner

By Nature:

  • Vegetarian
  • Non Vegetarian
  • Vegan

By Cuisine Type:

  • Thai
  • Italian
  • Chinese
  • Japanese
  • Mexican
  • Indian
  • Greek
  • American
  • Others (Spanish, Mediterranean)

By Payment Type:

  • Cash
  • Debit Cards
  • Credit Cards
  • Digital Wallets
  • Electronic Bank Transfers

By Sales Channel:

  • Restaurants
  • Quick Service Restaurants
  • Chained foodservice
  • Independent foodservice
  • Casual Dining Restaurants
  • Fine Dining Restaurants
  • Cafes
  • Catering
  • Street Stalls/Kiosks

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

About Future Market Insights (FMI)

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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