Takeout Dinner Market Size By Payment Type (Digital Wallets, Cash, Credit Cards and Debit Cards), By Purchase Model (Direct-to-Consumer and Platform-to-Consumer), By Business Type (Chain Food Services and Independent), Regions, Segmentation, and Projection till 2030
CAGR: 7.6%Current Market Size: USD 241.3 BillionFastest Growing Region: North America
Largest Market: APACProjection Time: 2023-2030Base Year: 2022
Global Takeout Dinner Market- Market Overview:
The global takeout dinner market is expected to grow from USD 241.3 billion in 2022 to USD 433.5 billion by 2030, at a CAGR of 7.6% during the Projection period 2023-2030. The growth of this market is mainly driven owing to busy life schedules and long working hours.
The term "takeout dinner" refers to a meal cooked at a restaurant and purchased from the restaurant, but taken somewhere else for eating, usually at home. Urbanization, fast food chains, and takeout dinners are expected to increase the demand for takeout dinners during the projection period as a result of a growing demand for takeout dinners. The market is also being driven by a growing number of smartphone users and internet users, rising household takeaway food expenditures, and an ever-increasing trend toward mobile applications for food delivery. A number of restaurants in the world offer takeout and delivery services along with dine-in options. Online food delivery is the process of delivering and ordering meals at the doorstep of consumers who place their orders via multiple food delivery apps and websites on their computers or mobile devices. In response to the increasing demand for hygienic fast food, an increasing urbanization rate, quick access to mobile phones, a rise in m-Commerce, and an increase in internet penetration for ordering food online, various food chain restaurants have become more inclined to use online distribution channels to boost their sales. A takeout restaurant or cloud kitchen does not offer dine-in service and only offers takeout and home delivery options. During the Projection period, takeout dinners are expected to grow rapidly as fast foods gain popularity, although the high price charged for home delivery is predicted to restrict growth opportunities for the market.
Sample Request: - Global Takeout Dinner Market
Market Dynamics:
Drivers:
- Increasing disposable income
Takeout dinners are growing in popularity because of rising living standards and increased personal disposable income, particularly in developing countries. Moreover, the rapid adoption of advanced technologies like voice-assistance apps and the growing R&D spending worldwide is driving market growth.
Restraints:
- Stringent government regulations
Government regulations regarding food delivery are expected to constrain market growth. Moreover, the cost-intensiveness, time and investment involved in regulatory approval are restraining factors. In addition, underdeveloped & developing regions lack high-speed connectivity, and industries have no idea how to develop applications, which is expected to limit the market growth.
Opportunities:
- Rising smartphone and internet usage
As smartphone users increase rapidly and internet connections increase in major developing regions, this market is growing rapidly. Additionally, the rapid expansion of online health and education services, e-commerce, and remote working has emphasized the importance of the internet. Moreover, the proliferation in the number of smartphone users reflects a possible rise in online shopping for food & beverages due to smartphones being the primary online customers for this industry.
Challenges:
- Limited online food delivery services in rural areas
The takeout dinner market is witnessing immense growth but instead of high sales, and remarkable revenue the market is also facing some challenges such as limited online food delivery services in rural areas and poor internet penetration. All these factors are hampering the growth of the market.
Segmentation Analysis:
The global takeout dinner market has been segmented based on payment type, purchase model, business type, and region.
By Payment Type
The payment type segment includes digital wallets, cash, credit cards and debit cards. The digital wallets segment led the largest share of the takeout dinner market with a market share of around 35.4% in 2022. This growth can be attributed to changes in customer preferences towards digital payments, as the digital wallet segment was dominated by 32.14 % of the market share in 2021, and generated 72.34 billion in revenue. This trend will keep on rising during the Projectioned period.
By Purchase Model
The purchase model segment includes direct-to-consumer and platform-to-consumer. The platform-to-consumer segment led the largest share of the takeout dinner market with a market share of around 31.8% in 2022. Due to the increasing penetration of the internet and smartphones, in 2021, platform-to-consumer dominated the market with a market share of 26.17% and market revenue of 58.90 billion.
By Business Type
The business type segment includes chain food services and independent. The chain food service segment led the largest share of the takeout dinner market with a market share of around 59.3% in 2022. With a market share of 56.21% and a market revenue of 126.21 billion in 2021, chain food service dominated the market. This growth has been attributed to an increase in food varieties.
Global Takeout Dinner Market - Sales Analysis.
The sale of takeout dinners expanded at a CAGR of 6.9% from 2016 to 2022.
A major driver of market growth during the Projection period will be the integration of intelligent AI and innovative technology by food delivery platforms for the convenience of consumers.
A rise in digitalization investment and an increase in alliances and collaborations between restaurants and application developers are expected to drive market growth over the Projection period. In addition, the emergence of virtual restaurants and delivery-only kitchens is expected to provide market opportunities.
Furthermore, market growth is expected to be driven by the increase in disposable income and penetration of food delivery companies in developing countries during the Projection period.
Thus, owing to the aforementioned factors, the global takeout dinner market is expected to grow at a CAGR of 7.6% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the takeout dinner market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the takeout dinner market and held a 38.1% share of the market revenue in 2022.
- The Asia Pacific region witnessed a major share. Due to the increase in automotive production. As a result of the increase in household takeaway food expenditures and the changing lifestyles of people, the takeout dinner market is expected to grow, as well as increasing internet and smartphone penetration and the growing demand for online food ordering services. Moreover, rising living standards and an expanding retail network are also contributing factors to market growth in emerging economies.
- North America is anticipated to experience significant growth during the Projection period. As a result of people's increasing disposable incomes and improving living standards, North America is projected to record the greatest growth during the Projection period. Further, advancements in food delivery methods, such as robots, self-driving cars, and drones, are also helping boost the market growth in this region. The growing middle-class population and increasing investment in research and development are also contributing factors to market growth.
Global Takeout Dinner Market - Country Analysis:
- Germany
Germany's takeout dinner market size was valued at USD 17.49 billion in 2022 and is expected to reach USD 31.6 billion by 2030, at a CAGR of 7.7% from 2023 to 2030.
In Europe, Germany is the second largest for takeout dinners after the UK. With an increase in average order size and orders per active client in Germany, the online food delivery market is expected to thrive, boosting the takeout dinner market.
- China
China’s takeout dinner market size was valued at USD 23.8 billion in 2022 and is expected to reach USD 43.7 billion by 2030, at a CAGR of 7.9% from 2023 to 2030.
In China, disposable income is increasing, urbanization is rapid, and cloud kitchens and online food delivery services are growing rapidly in non-metropolitan cities. Moreover, due to travel restrictions and safety concerns related to the COVID-19 pandemic, more food delivery orders have been placed.
- India
India's takeout dinner market size was valued at USD 18.38 billion in 2022 and is expected to reach USD 33.5 billion by 2030, at a CAGR of 7.8% from 2023 to 2030.
Several factors are contributing to the market growth in the country, such as intensive advertising by stakeholders for hygiene food home delivery services, an increasing number of food delivery app users, and the expansion of fast food chains.
Key Industry Players Analysis:
To increase their market position in the global takeout dinner market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
- Olo
- Yemeksepeti
- Delivery Hero
- com
- Foodler
- Zomato
- Foodpanda
- Grubhub
- Pizza Hut
- Snapfinger
- Dominos
Latest Development:
- In October 2021, Burger King recently introduced "Impossible Nuggets," a new plant-based food product that could increase takeout dinner adoption in the United States.
Report Metrics
|
Report Attribute |
Details |
|
Study Period |
2022-2030 |
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Base year |
2022 |
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CAGR (%) |
7.6% |
|
Market Size |
241.3 billion in 2022 |
|
Projection period |
2023-2030 |
|
Projection unit |
Value (USD) |
|
Segments covered |
By Payment Type, By Purchase Model, By Business Type, and By Region. |
|
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
|
Companies covered |
Olo, Yemeksepeti, Delivery Hero, Takeaway.com, Foodler, Zomato Foodpanda, Grubhub, Pizza Hut, Snapfinger, and Dominos. |
|
By Payment Type |
|
|
By Purchase Model |
|
|
By Business Type |
|
|
Regional scope |
|
Scope of the Report
Global Takeout Dinner Market by Payment Type:
- Digital Wallets
- Cash
- Credit Cards
- Debit Cards
Global Takeout Dinner Market by Purchase Model:
- Direct-to-Consumer
- Platform-to-Consumer
Global Takeout Dinner Market by Business Type:
- Chain Food Services
- Independent Industrial
Global Takeout Dinner Market by Region:
- North America
- USA
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Asia-Pacific
- Japan
- China
- India
- Korea
- Southeast Asia
- South America
- Brazil
- Peru
- Middle East and Africa
- UAE
- South Africa
- Saudi Arabia
Frequently Asked Questions
What will be the expected market size of the takeout dinner market in 2030?
Global takeout dinner market is expected to reach USD 433.5 billion by 2030, at a CAGR of 7.6% from 2023 to 2030.
What are the driving factors of the takeout dinner market?
Increasing disposable income and rising smartphone and internet usage
Which region will witness more growth in the takeout dinner market?
Asia Pacific region will witness more growth in the takeout dinner market.
What are the segments covered in the takeout dinner market report?
The segments covered in the takeout dinner market are; payment type, purchase model, business type, and region.
What is the global takeout dinner market breakup based on the payment type?
Based on the payment type, the global takeout dinner market has been segmented into digital wallets, cash, credit cards and debit cards.
Which are the leading market players active in the takeout dinner market?
Leading players in the takeout dinner market are Olo, Yemeksepeti, Delivery Hero, Takeaway.com, Foodler, Zomato, Foodpanda, Grubhub, Pizza Hut, Snapfinger, Dominos among others.
- Introduction
- 1. Objectives of the Study
- 2. Market Definition
- 3. Research Scope
- Research Methodology and Assumptions
- Executive Summary
- Premium Insights
- 1. Porter’s Five Forces Analysis
- 2. Value Chain Analysis
- 3. Top Investment Pockets
- 3.1. Market Attractiveness Analysis by Payment Type
- 3.2. Market Attractiveness Analysis by Purchase Model
- 3.3. Market Attractiveness Analysis by Business Type
- 3.4. Market Attractiveness Analysis by Region
- 4. Industry Trends
- Market Dynamics
- 1. Market Evaluation
- 2. Drivers
- 2.1. Increasing disposable income
- 3. Restraints
- 3.1. Stringent government regulations
- 4. Opportunities
- 4.1. Rising smartphone and internet usage
- 5. Challenges
- 5.1. Limited online food delivery services in rural areas
- Global Takeout Dinner Market Analysis and Projection, By Payment Type
- 1. Segment Overview
- 2. Digital Wallets
- 3. Cash
- 4. Credit Cards
- 5. Debit Cards
- Global Takeout Dinner Market Analysis and Projection, By Purchase Model
- 1. Segment Overview
- 2. Direct-to-Consumer
- 3. Platform-to-Consumer
- Global Takeout Dinner Market Analysis and Projection, By Business Type
- 1. Segment Overview
- 2. Chain Food Services
- 3. Independent Industrial
- Global Takeout Dinner Market Analysis and Projection, By Regional Analysis
- 1. Segment Overview
- 2. North America
- 2.1. U.S.
- 2.2. Canada
- 2.3. Mexico
- 3. Europe
- 3.1. Germany
- 3.2. France
- 3.3. U.K.
- 3.4. Italy
- 3.5. Spain
- 4. Asia-Pacific
- 4.1. Japan
- 4.2. China
- 4.3. India
- 5. South America
- 5.1. Brazil
- 6. Middle East and Africa
- 6.1. UAE
- 6.2. South Africa
- Global Takeout Dinner Market-Competitive Landscape
- Overview
- Market Share of Key Players in the Takeout Dinner Market
- 2.1. Global Company Market Share
- 2.2. North America Company Market Share
- 2.3. Europe Company Market Share
- 2.4. APAC Company Market Share
- Competitive Situations and Trends
- 3.1. Technology Launches and Developments
- 3.2. Partnerships, Collaborations, and Agreements
- 3.3. Mergers & Acquisitions
- 3.4. Expansions
- Company Profiles
- Olo
- 1.1. Business Overview
- 1.2. Company Snapshot
- 1.3. Company Market Share Analysis
- 1.4. Company Technology Portfolio
- 1.5. Recent Developments
- 1.6. SWOT Analysis
- Yemeksepeti
- 2.1. Business Overview
- 2.2. Company Snapshot
- 2.3. Company Market Share Analysis
- 2.4. Company Technology Portfolio
- 2.5. Recent Developments
- 2.6. SWOT Analysis
- Delivery Hero
- 3.1. Business Overview
- 3.2. Company Snapshot
- 3.3. Company Market Share Analysis
- 3.4. Company Technology Portfolio
- 3.5. Recent Developments
- 3.6. SWOT Analysis
- com
- 4.1. Business Overview
- 4.2. Company Snapshot
- 4.3. Company Market Share Analysis
- 4.4. Company Technology Portfolio
- 4.5. Recent Developments
- 4.6. SWOT Analysis
- Foodler
- 5.1. Business Overview
- 5.2. Company Snapshot
- 5.3. Company Market Share Analysis
- 5.4. Company Technology Portfolio
- 5.5. Recent Developments
- 5.6. SWOT Analysis
- Zomato
- 6.1. Business Overview
- 6.2. Company Snapshot
- 6.3. Company Market Share Analysis
- 6.4. Company Technology Portfolio
- 6.5. Recent Developments
- 6.6. SWOT Analysis
- Foodpanda
- 7.1. Business Overview
- 7.2. Company Snapshot
- 7.3. Company Market Share Analysis
- 7.4. Company Technology Portfolio
- 7.5. Recent Developments
- 7.6. SWOT Analysis
- Grubhub
- 8.1. Business Overview
- 8.2. Company Snapshot
- 8.3. Company Market Share Analysis
- 8.4. Company Technology Portfolio
- 8.5. Recent Developments
- 8.6. SWOT Analysis
- Pizza Hut
- 9.1. Business Overview
- 9.2. Company Snapshot
- 9.3. Company Market Share Analysis
- 9.4. Company Technology Portfolio
- 9.5. Recent Developments
- 9.6. SWOT Analysis
- Snapfinger
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Technology Portfolio
- Recent Developments
- SWOT Analysis
- Dominos
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Technology Portfolio
- Recent Developments
- SWOT Analysis
- Olo
List of Table
- Global Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- Global Digital Wallets, Takeout Dinner Market, By Region, 2023–2030 (USD Billion)
- Global Cash, Takeout Dinner Market, By Region, 2023–2030 (USD Billion)
- Global Credit Cards, Takeout Dinner Market, By Region, 2023–2030 (USD Billion)
- Global Debit Cards, Takeout Dinner Market, By Region, 2023–2030 (USD Billion)
- Global Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- Global Direct-to-Consumer, Takeout Dinner Market, By Region, 2023–2030 (USD Billion)
- Global Platform-to-Consumer, Takeout Dinner Market, By Region, 2023–2030 (USD Billion)
- Global Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- Global Chain Food Services, Takeout Dinner Market, By Region, 2023–2030 (USD Billion)
- Global Independent Industrial, Takeout Dinner Market, By Region, 2023–2030 (USD Billion)
- Global Takeout Dinner Market, By Region, 2023–2030 (USD Billion)
- North America Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- North America Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- North America Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- USA Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- USA Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- USA Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- Canada Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- Canada Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- Canada Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- Mexico Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- Mexico Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- Mexico Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- Europe Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- Europe Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- Europe Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- Germany Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- Germany Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- Germany Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- France Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- France Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- France Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- UK Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- UK Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- UK Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- Italy Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- Italy Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- Italy Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- Spain Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- Spain Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- Spain Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- Asia Pacific Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- Asia Pacific Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- Asia Pacific Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- Japan Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- Japan Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- Japan Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- China Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- China Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- China Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- India Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- India Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- India Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- South America Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- South America Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- South America Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- Brazil Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- Brazil Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- Brazil Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- Middle East and Africa Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- Middle East and Africa Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- Middle East and Africa Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- UAE Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- UAE Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- UAE Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
- South Africa Takeout Dinner Market, By Payment Type, 2023–2030 (USD Billion)
- South Africa Takeout Dinner Market, By Purchase Model, 2023–2030 (USD Billion)
- South Africa Takeout Dinner Market, By Business Type, 2023–2030 (USD Billion)
List of Figures
- Global Takeout Dinner Market Segmentation
- Takeout Dinner Market: Research Methodology
- Market Size Estimation Methodology: Bottom-Up Approach
- Market Size Estimation Methodology: Top-Down Approach
- Data Triangulation
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Global Takeout Dinner Market Attractiveness Analysis by Payment Type
- Global Takeout Dinner Market Attractiveness Analysis by Purchase Model
- Global Takeout Dinner Market Attractiveness Analysis by Business Type
- Global Takeout Dinner Market Attractiveness Analysis by Region
- Global Takeout Dinner Market: Dynamics
- Global Takeout Dinner Market Share by Payment Type (2023 & 2030)
- Global Takeout Dinner Market Share by Purchase Model (2023 & 2030)
- Global Takeout Dinner Market Share by Business Type (2023 & 2030)
- Global Takeout Dinner Market Share by Regions (2023 & 2030)
- Global Takeout Dinner Market Share by Company (2021)
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