The restaurant takeout market is expected to reach USD 4,024.9 billion in 2032 from USD 2,199.4 Billion in 2022, with a CAGR of 8.3% from 2022 to 2032.
Increased urbanization, global internet usage, fast-food chain expansion, and household takeaway food expenditure have all contributed to the growth along with market ley trends and opportunities.
Emerging multicultural populations, increased use of online media, the convenience of online marketplaces, and Indus market try consolidation are some of the notable market trends as well as market opportunities.
Barriers to entry in the market due to high logistical complexities, as well as the time-consuming development and implementation of systems that accept orders online, are among the most significant challenges in the market. For newcomers to the restaurant takeout market, getting things set up can be very costly and time-consuming, which influences the market future trends.
Other key factors reshaping the restaurant takeout market include a rapid shift to digital technology and expanding options related to restaurant takeout services. The availability of a wide range of food and cuisines online that can be delivered to customers' homes in a specific time frame, as well as the availability of lucrative extras and add-ons, is driving market revenue growth along with the market key trends and opportunities which impacts the market future trends.
The COVID-19 pandemic and lockdown have caused a sustained disruption in the supply-demand chain for vegetables, grains, fruits, and other food products and essentials in households, which has boosted the popularity of restaurant takeout services among customers.
The situation has resulted in the loss of jobs for a large number of people around the world, and the need to find a reasonably attractive source of income has led to an increase in the number of people working in the market in recent years affects restaurant takeout market adoption trends and market future trends.
Furthermore, due to transparency and convenience, busy work schedules, and increased disposable income, an increasing number of customers are shopping via apps or platforms in the market. Technology advancements have also aided in the adoption of restaurant takeout services.
Furthermore, technological advancements in the restaurant takeout market have resulted in the availability of more novels and entertaining features and options, such as personal virtual assistants that allow users to place orders, among other things, regulating the emerging trends in market.
| Attributes | Details |
|---|---|
| Restaurant Takeout Market CAGR (2022-2032) | 8.3% |
| Restaurant Takeout Market Size (2022) | USD 2,199.4 Billion |
| Restaurant Takeout Market Size (2032) | USD 4,024.9 billion |
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Customers continue to enjoy ease and convenience, digital payment options, a wide variety of food options, and restaurant takeout services platforms have seen significant restaurant takeout market growth in recent years.
Other factors contributing to the growing adoption of restaurant takeout services and surges in the sales of restaurant takeout include the availability of discounts, deals, and offers on purchases, as well as the ability to order from multiple outlets with a single tap on smartphone apps affects the market key trends and opportunities.
Globally, the growing geriatric population is also boosting restaurant takeout market revenue.
Due to low investment and cost in the market, this model is highly viable, and routine delivery of specific items lowers overall production, restaurant takeout market future trends and delivery costs.
Increased internet penetration, smartphone usage, rising popularity and preference for home delivery options and menu items, lucrative discounts offered through market apps and services, the convenience of ordering online, and availability of apps for order now, pay later options are some of the key factors driving restaurant takeout market growth as well as market adoption trends.
The rise in demand for restaurant takeout and quick access to more affordable cuisine and dishes, combos, and add-ons in menus, as well as the growing number of dual-income families, are all contributing to the market current revenue growth as well as its opportunities.
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The market has been divided into different categories: payment type, purchase model, meal type, nature, business type, and region. The market has been divided into breakfast, brunch, lunch, high tea, and dinner by meal type.
The market has been divided into cash, debit cards, credit cards, digital wallets, and electronic bank transfers based on payment type. The market has been divided into direct-to-consumer, and platform-to-consumer by purchase model. The market has been divided into vegetarian, non-vegetarian, and vegan by nature.
The market has been divided into chained foodservice, and independent foodservice by business type.
The restaurant takeout market is divided into many categories based on payment methods: cash, debit cards, credit cards, digital wallets, and electronic bank transfers. With a CAGR of more than 13% over the forecast period, the digital wallets segment is expected to grow significantly in the future trends.
Payments via payment portals, net banking, or credit/debit cards are all examples of online payment services in the restaurant takeout market. Growing consumer awareness of digital money, as well as a growing number of partnerships between banks and online food delivery service providers, is driving up the adoption of restaurant takeout methods.
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The restaurant takeout market is divided into two types--direct-to-consumer and platform-to-consumer. Over the forecast period, the platform-to-consumer segment is expected to grow at a CAGR of more than 15% through 2032.
The platform-to-consumer model handles the logistics and resource aspects of restaurant takeout while also providing services to restaurants that lack in-house restaurant takeout capabilities. The growth of the market in capital cities is being driven by an increase in the number of investments in this model.
More than 40% of the restaurant takeout market was accounted for by the restaurant-to-consumer type segment. Restaurants handle the delivery aspect of this model, while restaurant takeout service providers handle the ordering process.
In order to penetrate the market players using this model offer consumers loyalty and subscription programmes. The segment's growth is being fueled by the integration of several restaurant chains with aggregators like DoorDash.
| Region | Market Share |
|---|---|
| North America | 23.3% |
| Latin America | 8.9% |
| Europe | 19.7% |
| East Asia | 31.2% |
| South Asia | 11.3% |
| Oceania | 2.6% |
| MEA | 3.0% |
The United States was the largest restaurant takeout market with the highest revenue contribution, owing to the region's growing demand for restaurant takeout services, as well as the market shift toward a more efficient consumer experience, resulting in a larger customer base.
Due to rising consumer demand for restaurant takeout services, increasing internet and smartphone penetration, a burgeoning restaurant takeout culture, and high food prices, the United Kingdom was Europe's market. After the United Kingdom, Germany is Europe's second-largest market.
In Germany, the restaurant takeout market is expected to grow, owing to an increase in average order size and orders per active client.
With greater adoption of restaurant takeout place as an appealing option for restaurant takeout, the Netherlands market has the potential to achieve high market growth in the long run.
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 market key trends & opportunities and its trends and forecast.
The 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.
Recent Development in the Restaurant Takeout Market:
The restaurant takeout market is projected to have a CAGR of 8.3% in 2032.
East Asia is the leading region in the restaurant takeout market, with a restaurant takeout market share of 31.2% through 2032.
Independent foodservice segment leads the restaurant takeout market share with a restaurant takeout market size of 62.5% through 2032.
The restaurant takeout market is predicted to grow USD 4,024.9 Million by 2032.
China, USA, UK are the top 3 leading countries in the restaurant takeout market share.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Global Restaurant Takeout Market Demand (in Value (USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Restaurant Takeout Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Nature 5.1. Vegetarian 5.2. Non Vegetarian 5.3. Vegan 6. Global Restaurant Takeout Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Meal Type 6.1. Breakfast 6.2. Brunch 6.3. Lunch 6.4. High Tea 6.5. Dinner 7. Global Restaurant Takeout Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Purchase Model 7.1. Direct-to-consumer 7.2. Platform-to-consumer 8. Global Restaurant Takeout Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Payment Type 8.1. Cash 8.2. Debit cards 8.3. Credit cards 8.4. Digital Wallets 8.5. Electronic bank transfers 9. Global Restaurant Takeout Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Business Type 9.1. Chained foodservice 9.2. Independent foodservice 10. Global Restaurant Takeout Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Restaurant Takeout Market Analysis 2017 to 2021 and Forecast 2022 to 2032 12. Latin America Restaurant Takeout Market Analysis 2017 to 2021 and Forecast 2022 to 2032 13. Europe Restaurant Takeout Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14. East Asia Restaurant Takeout Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. South Asia Restaurant Takeout Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. Oceania Restaurant Takeout Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. MEA Restaurant Takeout Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. Country-level Restaurant Takeout Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Denny’s 20.2. Bob Evans 20.3. Biscuitville 20.4. Another Broken Egg Cafe 20.5. The Original Pancake House 20.6. First Watch 20.7. Village Inn 20.8. Huddle House 20.9. Perkins 20.10. Manchu Wok 20.11. HuHot Mongolian Grill 20.12. Mama Fu's 20.13. Panda Express 20.14. Spaghetti Warehouse 20.15. Fazoli’s 20.16. Pappadeaux Seafood Kitchen 20.17. Others on Additional Request 21. Assumptions and Acronyms Used 22. Research Methodology
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Restaurant Takeout Market
