Industry Background:
Online food delivery & takeaway is the process of food delivery or take out from local restaurants through online portals or mobile apps. Changing lifestyle of people fueled by growing disposable income has bolstered the demand of such services. Amid fierce competition, incorporation of new technologies is expected to provide leading edge to the key players. Delivery by drone and incorporation of AI will change the ball game entirely, though quality of services will determine long term growth. The online food industry is expected to be over 18 billion by the end of 2019 in United States with companies geared up to come up with innovative technologies.This growth is primarily driven by Availability of the Services on the Go Owing to Growing Internet Penetration and Changing Life Style and Standards Fueled by Growing Disposable Income.
Globally, a noticeable market trend is evident Technology is Propelling the Industry Forward and Delivery by Drone is a Trend to Watch Out for
. Major Vendors, such as Delivery Hero Holding GmbH [Germany], Foodpanda GmbH [Germany], Just Eat Holding Ltd. [United Kingdom], Takeaway.com N.V. [Netherlands], Grubhub Inc. [United States], Domino's Pizza Inc. [United States], Snapfinger Inc. [United States], Pizza Hut Inc. [United States] and Foodler Inc. [United States] etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
Food Services directly affect the individual health and stern regulations are there in place to safeguard consumers health and to stop adulteration of any kind by global food security bodies such as FDA. The agency also mandates packaging of food items with labeling.
Market Drivers
- Availability of the Services on the Go Owing to Growing Internet Penetration
- Changing Life Style and Standards Fueled by Growing Disposable Income
Market Trend
- Technology is Propelling the Industry Forward and Delivery by Drone is a Trend to Watch Out for
- Tampered Proof Packaging to Avoid Food Tampering
Restraints
- Inability to Maintain Quality of Services on Consistent Basis
- High Cost of Food Delivery and Takeaway Services
Opportunities
Incorporation of AI and Growing Millennial Inclination Towards Online Food and Takeaway Services
Challenges
Discrepancy Between Restaurant and Food Delivery Companies and High Competitive Rivalry Makes It tougher for New Entrants to Establish in the Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Online Food Delivery & Takeaway Study Sheds Light on
The Online Food Delivery & Takeaway Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Online Food Delivery & Takeaway industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Online Food Delivery & Takeaway industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.