The restaurant takeout global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Restaurant Takeout Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The restaurant takeout market size has grown strongly in recent years. It will grow from $2,465.96 billion in 2023 to $2,681.86 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to growing geriatric population, expansion of fast-food chains, rising preference of ready to eat meals, increased internet usage worldwide, and increasing smartphone usage.
The restaurant takeout market size is expected to see strong growth in the next few years. It will grow to $3,819.24 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing demand for convenience food, increasing popularity of delivery services, increasing use of mobile apps for ordering, increased consumption of dietary food, and increasing plant-based products. Major trends in the forecast period include advancements in technology, integration of artificial intelligence (AI)-based solutions, integrating with table-top tablets, innovative processing technology, and integrating digital payment options.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/restaurant-takeout-global-market-report
Scope Of Restaurant Takeout Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increasing demand for convenience foods is projected to drive the growth of the restaurant takeout market in the future. Convenience foods refer to pre-packaged or pre-prepared items designed for quick and easy consumption, requiring minimal preparation time, thus catering to busy lifestyles with ready-to-eat meals or simple heat-and-serve options. The heightened demand for convenience foods arises from busy lifestyles, limited time for cooking, and the need for quick meal solutions. Restaurant takeout plays a crucial role in addressing this demand by offering quick, ready-to-eat meal options, which save busy individuals time and effort while providing quality dining experiences without the need for home cooking. For instance, in March 2022, Blue Diamond Almond, a US-based organization, reported that the revenue for the ready-to-eat meal segment was $46,916 million in 2022 and is anticipated to increase by 0.83% annually until 2026. Therefore, the growing demand for convenience foods is a significant factor driving the restaurant takeout market.
Market Trends –
Major companies operating in the restaurant takeout market are focused on developing innovative solutions, such as Smart Links, to simplify the ordering process, provide personalized recommendations, and drive customer engagement. Smart Links provides restaurants with free, customized links that they can easily share on social media platforms such as WhatsApp, Instagram, and Facebook. For instance, in April 2024, Swiggy, an India-based food ordering company, launched a new tool, Smart Links, to help restaurants of all sizes improve their online visibility and drive more orders. This enables restaurants to drive orders through their online presence and engage with a broader audience. Smart Links is a powerful tool designed to help restaurants boost their online presence and drive more orders through personalized links and valuable insights
The restaurant takeout market covered in this report is segmented –
1) By Meal: Breakfast, Brunch, Lunch, High Tea, Dinner
2) By Nature: Vegetarian, Non Vegetarian, Vegan
3) By Purchase Model: Direct-To-Consumer, Platform-To-Consumer
4) By Payment: Cash, Debit Cards, Credit Cards, Digital Wallets, Electronic Bank Transfers
5) By Business: Chained Foodservice, Independent Foodservice
Get an inside scoop of the restaurant takeout market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=18713&type=smp
Regional Insights –
North America was the largest region in the restaurant takeout market in 2023. The regions covered in the restaurant takeout market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Panda Restaurant Group, Starbucks Corporation, Uber Technologies Inc., KFC Corporation, DoorDash Inc., Domino’s Pizza Group PLC, Panera Bread Company, Grubhub Inc., First Watch Restaurants Group, Manchu Wok Inc., Huddle House Inc., Denny’s Corporation, Bob Evans Farms Inc., HuHot Mongolian Grill LLC, Another Broken Egg of America Franchising LLC, The Original Pancake House Company, Mama Fu’s Franchise Group LLC, Biscuitville Fresh Southern, Spaghetti Warehouse Inc., Caviar
Table of Contents
1. Executive Summary
2. Restaurant Takeout Market Report Structure
3. Restaurant Takeout Market Trends And Strategies
4. Restaurant Takeout Market – Macro Economic Scenario
5. Restaurant Takeout Market Size And Growth
…..
27. Restaurant Takeout Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
