Fast Food & Takeaways Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Fast Food & Takeaways Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
Fast Food & Takeaways Market Introduction
The most traditional format of fast food & takeaway services is when a consumer calls to place an order at a restaurant and waits till the food is delivered by the restaurant at the consumer’s doorstep. The fast food & takeaways market has undergone numerous developments since past few decades with the growing popularity of food delivery services across the world. A majority of leading players in the fast food & takeaways market are resorting to online platforms with the help of digital technologies to offer more convenience and transparency to their customers, which is one of the most popular trend in the fast food & takeaways market.
Fast Food & Takeaways Market – Notable Developments
- com N.V, a Netherlands-based online food ordering and home delivery company in the fast food & takeaways market, recently announced in December 2018 that it will acquire food delivery operations of Delivery Hero Holding GmbH, a Berlin-based online food delivery company, in Germany. The company will acquire Delivery Hero’s food delivery businesses in Germany – foodora and Lieferheld, Pizza.de – for a total consideration of €930 million. With this acquisition, the Takeaway.com aims to operate on a significantly larger scale and improve penetration of fast food & takeaways business and online food delivery services in Germany.
- Just Eat Holding Limited, an online food order and delivery service provider and one of the leading players in the fast food & takeaways market, announced in January 2019, that it has collaborated with Boxpark Wembley, a UK-based food and beverage vendors, to launch UK’s first ever bottomless, booze-free brunch delivery service to capitalize on growth opportunities vis-à-vis the last Saturday of Dry January (26th).
- Grubhub, Inc., a Chicago-based fast food & takeaways business, announced in November 2018 that is has completed the acquisition of Tapingo, a mobile commerce app that offers food pickup and delivery services for college campuses, for US$ 150 million in cash. With this acquisition, the company aims to integrate Tapingo’s platform with its delivery operations expand campus dining programs to larger delivery capabilities and tap fast food & takeaways opportunities both on and off campus.
Some of the most prominent competitors operating in the competitive landscape of global fast food & takeaways market include –
- Zomato Media Private Lim
- Takeaway.com
- Holding B.V
- Grubhub
- Food panda GmbH
- Snapfinger
- Just Eat Holding Limited
- Domino's Pizza
- Pizza Hut
- Mobo Systems
- Foodler
- Delivery Hero Holding GmbH
Fast Food & Takeaways Market Dynamics
Health-conscious Consumers Becoming Attuned to Lifestyle Diseases will Hamper Growth of the Fast Food & Takeaways Market
Recent trends in the fast food & takeaways market signify that consumers living in areas nearby fast food & takeaway outlets have a higher chance of health issues such as obesity. Consumers across the world, especially in developed regions, are becoming aware of the negative impacts of consuming fast food on health, which has led to precluding fast food & takeaways market players to expand their businesses in most metro cities. With a large consumer base across the world actively choosing to eat healthier, the fast food & takeaways market may witness sluggish growth in the upcoming years.
Rise in Fast Food Takeaway Outlets Highlights Growth of Fast Food & Takeaways Market in Smaller Cities
The fast food & takeaways market is witnessing incremental growth in deprived or rural areas with greater density of fast food outlets than that in urban areas. As a majority of consumers in urban areas and tier I and II cities are spurning fast food owing to health concerns, leading players in the fast food & takeaways market are exploring sales opportunities in smaller cities. Thereby, to leverage the lucrative benefits of a perceived 'novelty factor' associated with fast food & takeaway services, leading players in the fast food & takeaways market are shifting their focus on smaller cities.
Emergence of Online Platforms will Kickstart Developments in the Fast Food & Takeaways Market
The fast food & takeaways market is undergoing tremendous changes with the mounting number of online delivery platforms race to capture lucrative growth opportunities in the market. The internet platforms in the fast food & takeaways market are attracting heavy investments, as modern consumers are opting for the convenience and simplicity of online fast food & takeaway services. The rise of digital technology is redefining the future of fast food & takeaways market with a larger consumer base, which is accustomed to the online shopping trend, is expecting transparency and improved fast food delivery experience by ordering online.
Fast Food & Takeaways Market Segmentation
Based on products and services, the fast food & takeaways market is segmented into,
- Fast-Food Restaurants
- Takeaway Food Outlets
- Mobile Food Stands
- Online Channels
- Independent Restaurants
- Other
Based on the product types, the fast food & takeaways market is segmented into,
- Vegetarian
- Non-vegetarian
Based on the price range, the fast food & takeaways market is segmented into,
- Low
- Medium
- High
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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