Takeaway food market ‘worth €1bn’ to GDP

The takeaway food market contributes more than €1bn per annum to the Irish economy; ranking it alongside the likes of the motor sales, road freight and mobile technology services sectors in terms of economic importance, new research shows.

An economic impact report from DKM Economic Consultants — commissioned by online delivery firm Just Eat — has found that nearly €1.5bn is spent on takeaway/delivered food by Irish consumers and its popularity is growing.

In its analysis, DKM said that takeaway services currently account for 57% of restaurant sales and the sector is likely to grow by 17% in the next four years.