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The Online Food Delivery & Takeaway Services, Propelling the US & Global Market to US$ 55,828.1 Million by 2032


Revolutionizing the food industry, online food delivery and takeaway services deliver gastronomic treats right to your door. With only a few clicks on your device, enjoy a variety of cuisines from the comforts of your home. Savour a hassle-free eating experience while discovering a variety of flavours and helping out nearby eateries.

The need for convenience, variety, and flexibility among consumers has led to a notable surge in the online meal delivery and takeaway sector in the United States in recent times.

The global online food delivery & takeaway market is anticipated to be worth US$ 27,695.9 Mn in 2022. Growth in the market is attributed to the penetration of online platforms in the food service industry. Sales in the market are slated to grow at a CAGR of 7.3% between 2022 to 2032 and reach US$ 55,828.1 Mn by the end of 2032.

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Because of the country’s increasing reliance on fast food, the U.S. is predicted to lead the online takeaway and delivery of food business. Additionally, the industry will be boosted by the growing popularity of online meal delivery services, the availability of a large variety of food and beverage products, and the convenience of ordering online. Nearly 37% of Americans eat fast food daily, according to the National Centre for Health Statistics.

Furthermore, several online meal delivery service providers are experimenting with unique food delivery techniques such as self-driving vehicles, drones, etc., facilitating the growth. Besides this, fast-paced lifestyle and social media penetration in daily lives is providing an impetus to the online food delivery & takeaway market.

As online food platforms provide the convenience and comfort of eating meals at home, consumers are indulging themselves on the “Netflix and chill” trend. This is providing lucrative growth opportunities for online food service providers and takeaway providers in the U.S.

Key Takeaways from the Online Food Delivery and Takeaway Market

North America is expected to account for 33.6% share in the global online food delivery and takeaway industry
The U. S. online food delivery and takeaway industry is expected to grow at an impressive pace, at a CAGR of 6.8% between 2022 and 2032.
In the base year 2021, the U.S. online food delivery and takeaway industry generated revenue worth US$ 22,700 Mn.
The U.S. online food delivery and takeaway industry will be driven by the high presence of online food service providers.
“Due to substantial presence of online meal delivery service providers, demand for personalization in food offering, and rising popularity for ready-to-eat food items will drive demand in U.S. Hence, key players are collaborating with local restaurants and fine-dine places to gain competitive edge.” – Says an FMI Analyst.

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Competition Landscape in the Online Food Delivery & Takeaway Market

Leading online food delivery & takeaway providers are collaborating with local and international restaurants to increase their revenue. They are also offering lucrative discount offers and are using social media platforms to promote their brand and expand customer base.

As the market expands on global scale, more competitors are drawn to enter the market. In order to improve their market position, key companies are focusing on growth by acquiring smaller companies and suppliers. Companies are also putting a lot of effort in research & development and celebrity endorsements to strengthen their foothold in the industry.

Grubhub Inc, DoorDash, and Pizza Hut are the leading players in U. S online food delivery and takeaway market.

Recent Developments

In September 2022, in order to offer all of Bloomin’ Brands ideas to the Grubhub Marketplace, Grubhub and Bloomin’ Brands, Inc. recently announced they are expanding their relationship. In addition to the few Carrabba’s Italian Grill locations that are already accessible on the platform, all Bloomin’ Brands concepts will be available for pickup or delivery on Grubhub.
In May 2022, DoorDash has launched its second annual Restaurant Online Ordering Trends Report, which delves into consumer online buying preferences and upcoming dining trends to determine what Americans are ordering online and eating now.
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Key Segments of Online Food Delivery & Takeaway Industry Survey

Online Food Delivery & Takeaway Market by Product Type:

Veg
Non Veg
Online Food Delivery & Takeaway market by Price Range:

High
Mid
Low
Online Food Delivery & Takeaway Market by Distribution Channel:

Fast Food Chain Restaurants
Online Channels
Independent Restaurants
Others
Online Food Delivery & Takeaway Market by Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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The Global Sugar Confectionery Market’s US$ 81.07 Billion by 2033 Growth Driving Consumer Demand in Europe, USA, and Beyond


The sugar confectionery market is anticipated to reach a value of US$ 81.07 billion by 2033, representing a CAGR of 4.3% from 2023 to 2033. The market is estimated to be worth US$ 53.21 billion in 2023.

The market has grown steadily throughout the years for a number of reasons. Growing consumer demand, particularly from younger consumers, for chocolates and sweets as a form of indulgence is one of the main factors driving the industry. The world population is also expanding, especially in developing nations where there is a growing middle class and discretionary income for basic necessities like food.

There are numerous growth prospects in the market as well. Demand for natural and organic sweets as well as goods with distinctive and cutting-edge flavours is rising. The creation of new packaging and processing technologies is also opening up new business prospects. To become more competitive, manufacturers are likewise making investments in these fields.

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There is a growing demand for premium and high-quality sweets, especially among consumers who are willing to pay more for unique and indulgent experiences. Furthermore, increasing focus on health and wellness is leading to a demand for confectionery products with healthy ingredients and low-sugar content. These trends are anticipated to promote market growth.

The sugar confectionery market is diverse and growing globally, with the maximum demand in North America. Between 2023 and 2033, North America is expected to become a significant source of revenue for the sugar confectionery sector due to increased disposable income and a growing young population.

Key Takeaways

During the projection period, a CAGR of 3% is anticipated for the market in Germany.

In China, the market is expected to reach a value of US$ 19.08 billion by 2033, expanding at a CAGR of 7.3% during the forecast period.

During the projection period, a CAGR of 2.3% is predicted for the market in Japan.

The hard-boiled sweets segment is anticipated to proliferate at a 4.9% CAGR to reach US$ 25.58 billion by 2033.

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Competitive Landscape

The top manufacturers of the sugar confectionery market are Anthony-Thomas Candy Co., Cloetta AB, Ferrara Candy Company, Nestle SA, Ferrero SpA., The Hershey Company, Cadbury PLC., Lotte Confectionery Co Ltd, HARIBO Dunhills (Pontefract) PLC, and Lindt & Sprungli.

Producers of sugar confectioneries are continuously coming up with new ideas and making adjustments to meet the needs of consumers, who are increasingly demanding healthy alternatives and goods with less added sugar. Additionally, they are investigating new markets and enlarging their product lines. Additionally, businesses are utilizing digital channels to increase client involvement and reach.

Recent Developments:

In February 2022, two vegan chocolate bars were made available in the United Kingdom by the Swiss chocolatier Lindt. Oat milk powder and almond paste were used in place of dairy milk in these chocolate bars.
In January 2022, to enable customers to nibble in little pieces, Cadbury, a brand of Mondelez International, developed the Twist Wrap packaging solution for its Duos line. After ingesting half of the sugar bar, customers can twist and cover the box.
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Sugar Confectionery Market Segmentation

By Product Type:

Hard-boiled Sweets
Caramel & Toffees
Gums & Jellies
Medicated Confectionery
Mints
Marshmallows
Nougat
Lollipops
Liquorice
By Packaging:

Sachet
Box
Others
By Distribution Channel:

Offline Stores
Online Platforms

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