Take-away – food Market Analysis Forecasts to 2020 July 2016 | Page 2

Global Food Delivery Market Report: 2016 Edition " The term " take-out " or“ take-away” food, describe a way of eating restaurant food outside the restaurant or a growing variety of prepared foods that consumers purchase from a food stands and drive-in locations. The delivery format, packaging, and types of food vary greatly among different locations, ranging from hamburgers to expensive gourmet, but all may be categorized as take-away food because of this offpremise consumption.

Take-out food is often viewed as synonymous with fast food. The concept of take-out food and the practice of buying prepared foods for consumption elsewhere date to very old times, but the popularity have only heated up in the recent decades. Rapidly growing order-and-pay apps, third-party online ordering and delivery services make‘ fine dining from home’ easier than ever and, in some cases, " dining out " a thing of the past. App-only services that deliver food from different restaurants, food trucks and joints have transformed the way food delivery was once viewed and interpreted.
The key factors which are anticipated to drive this food delivery market include growing urbanization, increased usage of internet worldwide, growing household consumption expenditure and rising use of mobile internet in emerging markets. Some of the noteworthy trends of this industry include positive tailwinds in emerging markets, rapid online adoption driven by smartphone usage, high usage of online portals by youngsters and overall market consolidation. However, the growth of respective industry is challenged by seasonality of demand and difficulty for new entrants.
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