Restaurant Delivery - Baltics
Baltics- The Restaurant Delivery market in the Baltics is projected to reach a revenue of US$59.30m by 2024.
- This represents a significant growth in the market.
- It is expected that the market will continue to expand at an annual growth rate (CAGR 2024-2028) of 5.92%.
- This growth will result in a projected market volume of US$74.63m by 2028.
- In terms of user base, the Restaurant Delivery market is expected to have a total of 1.4m users users by 2028.
- This indicates a steady increase in the number of users over the years.
- User penetration, which measures the percentage of the population using the service, is expected to be 10.3% in 2024 and is projected to reach 12.3% by 2028.
- The average revenue per user (ARPU) is estimated to be US$49.90.
- This metric provides insights into the profitability of each user in the market.
- When comparing the Restaurant Delivery market globally, United States is expected to generate the highest revenue, reaching US$36.95bn in 2024.
- This highlights the significance of the U.S.
- market in the restaurant delivery segment.
- In terms of user penetration, South Korea is projected to have the highest rate of 53.5% in the Restaurant Delivery market.
- This indicates a strong adoption of restaurant delivery services South Korea.
- The restaurant delivery market in the Baltics is experiencing rapid growth, with an increasing number of consumers opting for convenient and hassle-free dining options.
- Key regions:
- Asia,
- Europe,
- South Korea,
- Germany,
- China
Definition:
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 aggregation services collect the menus of independent restaurants and specialized delivery services. In other words, they merely lay the technical foundation for the searchability of restaurants and the processing of transactions. The restaurant itself takes care of 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 orders that are picked up in the restaurant
Out-Of-Scope
- Phone orders
- Online meal order and delivery both carried out by a platform (e.g. Deliveroo)
- Deliveries of non-processed or non-prepared food
