Food & Drink - Lithuania
Lithuania- The Food & Drink market in Lithuania is expected to see significant growth in the coming years.
- According to projections, the total revenue in this market is set to reach US$250.20k in 2022.
- This growth is anticipated to continue at an annual growth rate of 11.11%, resulting in a projected market volume of US$452.90k by 2027.
- Within the Food & Drink market, various revenue streams are expected to contribute to this growth.
- In-app purchase (IAP) revenue is projected to reach US$25.90k in 2022, while paid app revenue is expected to reach US$9.03k in the same year.
- Additionally, advertising revenue is projected to reach US$215.30k in 2022.
- In terms of user engagement, 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.
- When compared globally, it is worth noting that United States generates the highest revenue in the Food & Drink market, with a projected revenue of US$786.60m in 2022.
- However, it is important to consider the different market dynamics and consumer behaviors in each country.
- Overall, these statistics highlight the potential growth and revenue opportunities within the Food & Drink market in Lithuania.
- 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).
