Global Delivery And Takeaway Market Share
The market for food delivery and takeout was valued at US$ 63.12 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 14.5% to reach US$ 241.62 billion by 2030. The global food delivery and takeout market is divided into five regions: Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. In 2018, it is anticipated that the delivery and takeaway food market in North America will hold a significant revenue share in the global market, with markets in other regions following suit. This is explained by the existence of a sizable number of online food delivery services, a high level of consumer interest in fast food, and a wide variety of eateries and cafeterias in the North American region. It is anticipated that the global delivery and takeaway food market will grow significantly in Europe. This is due to the growing number of people who enjoy ordering takeout, which in turn is driving up demand for food delivery and takeout throughout Europe. The global market's revenue share is anticipated to be accounted for by the delivery and takeout food market in Asia Pacific. This is brought on by the region's countries having more disposable income, more people consuming convenience meals, a large number of local delivery and takeout businesses, and growing e-commerce applications.