The Outbreak of the Coronavirus Pandemic and Spiralling Alterations in Consumer Consumption Behaviors Are Fuelling the Growth of the Takeaway Food Delivery Market During the Forecast Period 2022-2027

The Takeaway Food Delivery Market size is estimated to reach $187.7 billion by 2027, growing at a CAGR of 9.7% during the forecast period 2022-2027. The growth of the Takeaway Food Delivery Market is greatly fuelled by the outbreak of the Coronavirus (COVID-19) Pandemic and spiraling alterations in consumer consumption behaviors. In the wake of the COVID-19 pandemic, it has not been feasible for people to dine out with friends and family. Panic-purchasing and alarm of contagion have fuelled numerous consumers to download apps for groceries and meals during the coronavirus emergency. The digital age fuelled by Generation Z termed the digital natives have resulted in the placing of food orders online and the food is delivered to the doorstep at just a click of a button. Food delivery has extended from takeaways to everything being headed by Platform To Consumer Delivery services like DoorDash and Uber Eats. Restaurant To Consumer Delivery involves the application of self-reliant online ordering systems for restaurants. Order-Focused Food Delivery Systems may include order-focused food delivery apps that perform as an intermediary between customers and regional restaurants. 

As per “key food delivery statistics” on www.businessofapps.com, in the U.S., DoorDash is the most recognized food delivery app with above 50% market share. The platform for consumer delivery services directs attention to online delivery services that deliver orders from partner restaurants. The platform manages the delivery process for restaurants on its own that do not fundamentally have to provide food delivery themselves. This is a model where the customer places an order for his/her preferred food either through a website online or an app on a smartphone. Owing to its soaring ease of convenience in terms of payment and delivery time, it is gaining recognition among consumers. The surging applications of Platforms to Consumer Delivery Services are therefore driving the growth of the Takeaway Food Delivery Industry, thereby contributing to the Takeaway Food Delivery Industry Outlook.

In November 2021, Zomato was said to be in talks to put in as much as $500 million in Grofers. This is the biggest investment to date in a firm by the food-delivery and restaurant-discovery platform.

Key companies holding major shares in the Takeaway Food Delivery Market are Zomato, Swiggy, Uber Eats, DoorDash, Takeaway.com Holding B.V., Foodpanda GmbH, Domino’s Pizza Inc., Pizza Hut Inc., Delivery Hero and Deliveroo.