Global market for delivery, takeaway food to grow 3% through 2020
Technavio’s (technavio.com) market research analysts predict the global market for delivery and takeaway food to grow at a CAGR of around 3% between 2016 and 2020. The growth of this market is augmented by the rising number of strategic alliances among takeaway restaurants. Such alliances help these restaurants in increasing the average number of orders and give them a platform to manage their orders more efficiently. Online orders are more efficient than telephone orders as they eliminate communication errors. During 2015, the global delivery and takeaway food market was dominated by the Americas with a market share of more than 37%. The market in this region is expected to showcase steady growth over the forecast period owing to fast-paced lifestyles, the growing demand for customization in the food menu, and the rising consumer preference for delivery and takeaway food.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.