Food & Drink - Baltics
Baltics- The Food & Drink market in the Baltics is expected to witness substantial growth in the coming years.
- According to projections, the total revenue for this market is set to reach US$250.20k by 2022.
- This growth is further expected to continue at an annual rate of 11.11% (CAGR 2022-2027), resulting in a projected market volume of US$452.90k by 2027.
- In terms of revenue sources within the Food & Drink market, in-app purchases (IAP) are estimated to generate US$25.90k in 2022, while paid app revenue is projected to reach US$9.03k.
- Additionally, advertising revenue is expected to contribute significantly, reaching US$215.30k in 2022.
- Furthermore, the number of downloads in the Food & Drink market is projected to reach 327.60k downloads in 2022.
- Currently, the average revenue per download is expected to amount to US$0.76.
- Comparing the global scenario, United States emerges as the frontrunner in generating revenue within the Food & Drink market, with an estimated revenue of US$786.60m in 2022.
- This highlights the dominance of the Chinese market in this segment.
- Key regions:
- United States,
- India,
- South Korea,
- Japan,
- Asia
Definition:
The Food and Drinks market contains apps that make meal delivery faster and more convenient and/or that provide culinary recipes. The most popular apps such as DoorDash and Uber Eats focus on speedy delivery from a wide range of restaurants. Certain food chains such as Domino's and McDonalds also have their own apps for delivery or takeout orders and often provide deals and discounts. Meanwhile, the Paprika app organizes personal recipe lists and helps to plan meals for the coming days and weeks.Additional Information:
We consider three different sources of revenue:- Revenue from in-app purchases (IAP) that comes from the purchase of features, upgrades, and subscriptions within an app
- Paid app revenue from the one-time purchase of an app
- Advertising revenue obtained from showing ads within an app
In-Scope
- Apps that can be downloaded from major app stores such as Apple, Inc.'s App Store and the Google Play store, or in the case of China, from stores such as Huawei AppGallery and Tencent Appstore.
- Apps that are run on iPhones and Android phones.
Out-Of-Scope
- Apps exclusively offered by Microsoft Store and Amazon Appstore for Android.
- Custom-made apps not available from any official app store.
- B2B/C2C app sales of any kind.
- Subscription revenues outside of in-app purchases (for example, Netflix and Spotify use their own payment systems outside of their apps).
