Food & Drink - Colombia
Colombia- Colombia's Food & Drink market is anticipated to witness impressive growth, with total revenue projected to reach US$2.33m by 2022.
- This is expected to result in a substantial market volume of US$4.41m by 2027, reflecting an annual growth rate (CAGR 2022-2027) of 12.28%.
- Within the Food & Drink market, in-app purchase (IAP) revenue is projected to reach US$620.90k in 2022, while paid app revenue is expected to reach US$178.30k.
- Additionally, advertising revenue in this market segment is projected to reach US$1.53m in 2022.
- Furthermore, the number of downloads in the Food & Drink market is forecasted to reach 2.38m downloads in 2022, highlighting the growing popularity of these applications.
- Currently, the average revenue per download is expected to amount to US$0.98.
- When considering a global comparison, it is noteworthy that United States generates the highest revenue in the Food & Drink market, with an estimated US$786.60m in 2022.
- This emphasizes the significant market potential and opportunities for growth within Colombia's Food & Drink market sector.
- 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).
