Meal Delivery - Eastern Asia
Eastern Asia- The Meal Delivery market in Eastern Asia is expected to experience significant growth in the coming years.
- According to projections, the revenue in this market is estimated to reach a staggering US$219.10bn by 2024.
- This growth is anticipated to continue with an annual growth rate of 3.91% from 2024 to 2028, resulting in a projected market volume of US$255.40bn by 2028.
- Among the various segments within the Meal Delivery market, the Platform Deliverymarket is expected to have a substantial market volume of US$181.60bn by 2024.
- In terms of revenue generation, China is projected to be the leading country, with an estimated revenue of US$182.90bn in 2024.
- When considering the average revenue per user (ARPU) in the Meal Delivery market, it is projected to amount to US$251.00 in 2024.
- This figure provides insight into the average amount of revenue generated per user in this market.
- Furthermore, the number of users in the Meal Delivery market is expected to reach 970.7m users by 2028, indicating a significant increase in user adoption.
- In terms of user penetration, which refers to the percentage of the population using Meal Delivery market services, it is estimated to be 52.4% in 2024.
- This suggests that approximately 52.4% of the population in Eastern Asia will be utilizing Meal Delivery market services by that time.
- In South Korea, the meal delivery market is thriving thanks to the country's fast-paced lifestyle and preference for convenience.
Definition:
Meal Delivery is the online ordering and delivery of prepared meals by a restaurant or a platform for direct consumption. Orders are typically placed in an app or on a website. The delivery is handled by the platform enterprise (e.g. Deliveroo) or directly by the restaurant (e.g. Domino’s).Structure:
Meal Delivery contains the user and revenue development of two different delivery service solutions for prepared meals: (1) Restaurant Delivery and (2) Platform Delivery. The Restaurant Delivery market includes the delivery of meals carried out directly by the restaurants. The order may be made via platforms (e.g. Delivery Hero, Just Eat) or directly through a restaurant website (e.g. Domino's). The Platform Delivery market focuses on online delivery services that provide customers with meals from partner restaurants that do not necessarily have to offer food delivery themselves. In this case, the platform (e.g. Deliveroo) handles the delivery process.).Additional Information:
Revenue includes the gross merchandise value (GMV), defined as the total sales dollar value for merchandise/food sold through the Online Food Delivery marketplace. User and revenue figures represent B2C services.In-Scope
- Meals ordered online which are directly delivered by the restaurant, no matter if ordered via a platform (e.g. Delivery Hero) or a restaurant website (e.g. Domino's)
- Online meal order and delivery both carried out by a platform (e.g. Deliveroo)
- Online orders that are picked up in the restaurant
Out-Of-Scope
- Phone orders
- Deliveries of non-processed or non-prepared food (e.g. HelloFresh)
