#Takeout #Dinner #Market #Reach #USD #Billion
Newark, Oct. 27, 2022 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global takeout dinner market is expected to grow from USD 225.08 billion in 2021 to USD 451.82 billion by 2030, at a CAGR of 8.05% during the forecast period 2022-2030.
The increasingly high demand for takeout dinners owing to the increase in urbanization, fast food chains, and takeout dinners is anticipated to expand the takeout dinner industry demand during the projection period. Moreover, the growing number of smartphone and internet users, raised household takeaway food expenditure, and the ever-increasing trend toward food delivery mobile applications are also helping to propel market growth. However, increasing the takeout food consumption can affect customers’ health, raising concerns about unhealthy, and the cost of supply chain & logistics are restraining market growth. Furthermore, technological innovations and the potential shift in demand among different products are opportunities for market growth.
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To enhance their market position in the global takeout dinner market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
Market Growth & Trends
The growth of the takeout dinner market is driven by product innovations and improved product quality.. Moreover, the risen sale through on-trade distribution is the market growth trend. An increase in online shopping due to the hectic schedule and busy lifestyle of people is expected to drive the demand for food delivery through online platforms. Further, online transactions and card payments are growing due to convenience for customers and food service companies. All the food service companies across the globe are accepting…