The global online takeaway food market was valued at US$ 9.21 billion in 2018, according to Online Takeaway Food Market Report, by Service Type (Restaurant-controlled, Independent, Food Cooperatives, and Mobile Apps), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights.
The global online takeaway food market is expected to reach US$ 29.94 billion by 2027, exhibiting a CAGR of 14.0% during the forecast period (2019-2027). The market for online takeaway food is majorly driven by increasing consumer inclination towards healthy living. Rising awareness towards healthy eating is forcing online food service companies to offer healthier options in their food menu. According to the Global Wellness Institute, in 2015, the global wellness economy accounted for US$ 3.7 trillion market, which increased to US$ 4.2 trillion market by the end of 2017. The market includes the healthy eating, nutrition and weight loss sector, which accounted for US$ 702 billion of total global wellness economy in 2017.
However, stringent government regulations on online takeaway food and its related safety are expected to hamper growth of the global online takeaway food market during the forecast period. For instance, in July 2018, a consumer complaint was recorded against major online food delivery players such as Swiggy, Zomato, Uber Eats, Lime Tray, and Foodpanda for delivering low quality food. Therefore, the Food Safety and Standards Authority of India (FSSAI) asked these companies to delist their unlicensed restaurants in the same month that year. Similar regulations imposed by various government organizations is expected hamper the growth of the global market during the forecast period.
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