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Research Outline

Prepared for Randy | Delivered February 3, 2020

Take-out Restaurant Industry Data

Goals

Gain an understanding of the take-out restaurant industry, including percent of sales that are pick-up vs delivery, dine-in, or drive-thru, top restaurant chains by percent market share or sales, in order to validate that fast casual is the biggest opportunity in this space, and learn which companies to target.


Early Findings

  • Food delivery accounts for 4% of all food sold through restaurants or fast-food chains.
  •  60% of all consumers in the US order some sort of takeout or delivery at least once a week.
  • Online delivery has grown 300% faster than dining in in the past 5 years.
  •  59% of all millennial restaurant orders are either takeout or delivery
  • The restaurant-to-consumer delivery market was valued at $58 billion in 2019.  
  • Global online food delivery orders are projected to grow 20% per year.  
  • Food delivery is increasing due to cheaper delivery fees, as well as fewer adults cooking than in previous generations.
  • Fast casual restaurants make up 40% of the overall takeout in the US, quick service make up 32%, and casual dining are 24%.
  • While there was limited preliminary data on which specific restaurants had the highest sales for takeaway in the US, the top items ordered on popular delivery app Uber Eats included chicken sandwiches, pizza, fries, gyros, and turkey wraps.
  • Global online food ordering is projected to expand to $365 billion by 2030.