News

McDonald's, Domino's named key vendors in delivery-takeaway research

London-based research firm TechNavio has announced the publication of a new market research report on the Delivery Takeaway Food Market in US.

February 3, 2015

London-based research firm TechNavio has announced the publication of a new market research report on the Delivery Takeaway Food Market in US, which is expected to grow at a CAGR of 3.22 percent from 2014-2019, according to a company announcement.

The report highlights the trend toward online media as a major market growth driver due to increased convenience for customers and an increase in the online population.

"Vendors are capitalizing on high internet penetration by developing smartphone applications so that customers can place orders from anywhere using their phones," said Faisal Ghaus, vice president of TechNavio, in a statement. "Online ordering has also seen a spike thanks to the availability of menus, variety of options, and the availability of lower prices and deals."

The report also examines consumer demographics, demonstrating that those in the 28 – 49 age group are switching to foodservice providers due to increased pressure from workload and parenthood. Lifestyle changes also factor in the demand, driving the delivery and takeaway markets, the announcement said.

Key Information Covered in the Report:

Market segmentation, size and forecast through 2019

Market Growth Drivers:

• Change in Lifestyle

Market Challenges:

• Threat of Contamination of Ingredients and Raw Materials

Market Trends:

• Increase in Use of Online Media

Key Vendors:

• Domino's Pizza Inc.
• Just Eat plc
• McDonald's Corp.
• Subway

Other Prominent Vendors:

• Delivery.com
• Foodler
• GrubHub
• OLO