Published Date : Jun 19, 2018
Albany, New York, June 19, 2018 – Change in buyer's demographic factors, dietary patterns alongside busy schedule, progression in IT and easy availability of labors has fuelled the demand and opportunity in food delivery industry in forthcoming years. In addition, in the present competitive landscape, different organizations are rseceiving differential sales and marketing systems to upgrade their customer base by delivering the hotel food directly or making a takeaway choice for shoppers. The delivery and takeaway food is experiencing quick change as online platforms are getting greater fame among individuals who wish to eat food at home and yet need the quality of a hotel food. In this way, expanding demand for home delivery and quick foods have pushed the development of delivery and takeaway food market within the forecast period.
Delivery and takeaway food market is seeing most significant development inferable from change in lifestyle and hectic schedule of the people all over the world, rise in urbanization, convenient access to cell phones, expanding utilization of m-Commerce, developing demand for hygienic fast food, and increased usage of internet for ordering food online has supported different food chains to slant towards online delivery channels to upgrade their global sales. In addition, powerful store network for food delivery alongside mergers and acquisitions in the food business is among the other important factors that are likely to support the demand for delivery and takeaway food over the forecast period. Be that as it may, the ill effects to consumption of fast food along with unhealthy perception of such food items among the customers, tough competition among the manufacturers in the market, and food standards by the administration for food safety and standards are expected to hinder the development of delivery and takeaway food market in the upcoming years.
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On the basis of geographical regions, delivery and takeaway food market is separated into seven key regions: Eastern Europe, North America, Latin America, Asia Pacific, Japan, Western Europe, and the Middle East and Africa. Among these, North America region leads the delivery and takeaway food market inferable from high penetration of online food delivery organizations, rising demand for customization in food deliveries, high consumption of fast foods among buyers, extensive market strategies and advertisement by key players for safe to eat and hygienic food home delivery systems, emergence of food chains that offers home delivery facilities and developing demand for ready to-eat items. Beside this, Asia Pacific holds enormous potential and shows considerable development as far as rising utilization of fast foods is concerned, expanding use of m-Commerce, advancement in technology, penetration of internet all over the world, and increased presence of nearby players are among the major factors which strengethens the development of delivery and takeaway food market all through the estimate time frame.
A few players of delivery and takeaway food market are Foodpanda GmbH, Delivery Hero Holding GmbH, Just Eat Holding Limited, Holding B.V, Takeaway.com, Grubhub, Inc., Snapfinger, Inc., Domino's Pizza Inc., Pizza Hut Inc., Mobo Systems, Inc., Foodler Inc., and Zomato Media Private Limited.
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