Food & Drink - Dominican Republic
Dominican Republic- The Food & Drink market in the Dominican Republic is expected to see significant growth in the coming years.
- According to projections, the total revenue in this market is estimated to reach US$1.15m in 2022.
- This represents a substantial increase in comparison to previous years.
- Furthermore, the market is anticipated to continue growing at an annual rate of 12.85% from 2022 to 2027, resulting in a projected market volume of US$2.08m by 2027.
- This indicates a positive outlook for the Food & Drink market industry in the Dominican Republic.
- When examining the specific revenue streams within this market, it is projected that in-app purchases (IAP) will contribute significantly.
- In 2022, IAP revenue is expected to reach US$601.00k, reflecting the growing trend of consumers making purchases within mobile applications related to Food & Drink market.
- Paid app revenue is also projected to increase, reaching US$15.15k in 2022.
- This indicates that consumers in the Dominican Republic are willing to pay for Food & Drink market applications that offer premium features or content.
- Advertising revenue within the Food & Drink market is expected to reach US$537.90k in 2022.
- This highlights the importance of advertising as a revenue source for businesses operating in this sector.
- In terms of user engagement, the number of downloads in the Food & Drink market is projected to reach 245.20k downloads in 2022.
- This indicates a high level of interest in applications and services related to Food & Drink market among consumers in the Dominican Republic.
- Currently, the average revenue per download is estimated to be US$4.71.
- This metric provides insights into the profitability of each download and underscores the potential for revenue generation within this market segment.
- In a global comparison, it is worth noting that United States leads in terms of revenue generation within the Food & Drink market.
- In 2022, United States is projected to generate a staggering US$786.60m in revenue, highlighting its dominance in this industry worldwide.
- 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).
