The Delivery and Takeaway Food Industry was valued at USD 252.8 Billion in 2024 and is projected to grow at a CAGR of 7.90%, reaching USD 505.8 Billion by 2034. The rapid rise of digital ordering platforms, consumer demand for convenience, and the proliferation of fast-food chains and independent restaurants are fueling this growth. With the integration of technology, cloud kitchens, and eco-friendly packaging solutions, the industry is undergoing a major transformation.
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Definition and Uses
The Delivery and Takeaway Food Industry refers to the ecosystem of businesses offering meals that customers can order remotely and consume off-premise. This includes services from fast-food chains, independent restaurants, online ordering platforms, and aggregators.
Key Uses:
- Convenient meals on demand for busy lifestyles
- Essential service for urban areas with high population density
- Expanded customer reach for restaurants through third-party delivery apps
- Integration with loyalty and subscription programs for repeat customers
Industry Dynamics
Market Drivers
- Urbanization & Busy Lifestyles – Rising demand for convenient food options.
- Digital Ordering Growth – Mobile apps and online platforms revolutionizing food delivery.
- Rising Disposable Income – Consumers increasingly willing to pay for quick service and variety.
Trends
- Expansion of cloud kitchens (delivery-only kitchens) to reduce operational costs.
- Use of AI and data analytics for personalized food recommendations.
- Increasing adoption of eco-friendly and sustainable packaging.
Opportunities
- Growing demand for healthier and plant-based menu options.
- Integration of autonomous delivery solutions (drones, robots).
- Strategic partnerships between restaurants and delivery aggregators to scale faster.
Segmentation Analysis
By Type
- Vegetarian – Rising demand driven by health-conscious and vegan consumers.
- Non-Vegetarian – Continues to dominate due to high protein demand and menu diversity.
- Others (Dessert & Beverages) – Includes bakery, ice cream, coffee, and specialty beverages.
By Distribution Channel
- Fast-Food Chain Restaurants – Major contributor to delivery revenue globally.
- Online Channels – Food delivery apps and platforms driving rapid adoption.
- Independent Restaurants – Local players leveraging delivery for extended reach.
Competitive Landscape
The global delivery and takeaway food ecosystem is highly competitive, with companies leveraging technology, partnerships, and diverse menus to gain market share.
Key Companies Profiled:
- Delivery Hero SE. – Leading global food delivery service with multiple brands.
- Swiggy – Major Indian platform innovating with cloud kitchens and subscriptions.
- Foodpanda GmbH – Active across Asia with localized delivery models.
- Just Eat Holding Limited – Popular UK-based platform with global expansion.
- Takeaway.com – Strong presence in European food delivery.
- Grubhub, Inc. – Key U.S. delivery player with partnerships and broad coverage.
- Domino’s Pizza Inc. – Pioneer in online ordering and efficient delivery logistics.
- Snapfinger, Inc. – Focused on mobile ordering solutions.
- Pizza Hut Inc. – Expanding digital and takeaway offerings globally.
- Foodler Inc. – Platform offering diverse restaurant partnerships.
- Mobo Systems, Inc. – Mobile-first ordering system for restaurants.
- Zomato Media Private Limited – Indian multinational, strong in emerging markets.
Regional Insights
- North America – Largest market, driven by established delivery infrastructure, high consumer spending, and quick-service restaurants.
- Europe – Increasing adoption of online platforms; growing demand for healthier food delivery options.
- Asia-Pacific – Fastest-growing region due to urbanization, smartphone penetration, and rising disposable incomes.
- Latin America & Middle East – Emerging adoption with rising partnerships between local restaurants and aggregators.
Recent Developments
- Domino’s Pizza Inc. invested in AI-powered delivery tracking and autonomous delivery testing.
- Swiggy launched a subscription-based loyalty program for frequent customers.
- Zomato expanded into quick commerce and hyperlocal delivery services.
- Delivery Hero SE. announced acquisitions to strengthen its European and Asian presence.
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Business Relevance
The delivery and takeaway food industry has become a mainstream component of global food services, presenting significant opportunities for startups, investors, and established players. With digital adoption accelerating, businesses that focus on personalization, sustainable packaging, and faster delivery models are expected to thrive.
Frequently Asked Questions (FAQs)
Q1. What is the current size of the Delivery and Takeaway Food Industry?
It was valued at USD 252.8 Billion in 2024 and is projected to reach USD 505.8 Billion by 2034.
Q2. What is the CAGR during the forecast period?
The industry is projected to grow at a CAGR of 7.90% (2024–2034).
Q3. Which companies are the key players?
Major companies include Delivery Hero SE, Swiggy, Foodpanda, Just Eat, Grubhub, Domino’s, Pizza Hut, and Zomato.
Q4. What are the main drivers for growth?
The key drivers include urbanization, rising disposable income, digital ordering platforms, and consumer preference for convenience.
Q5. What are the future opportunities?
Future opportunities lie in autonomous delivery technologies, health-conscious menus, and cloud kitchen expansion.
Author
Riya Bhalchandra More – Research Associate, Prophecy Market Insights
Riya specializes in consumer services, F&B, and digital transformation research. She provides in-depth analysis and actionable insights for global businesses to navigate evolving market conditions and consumer trends.
