Restaurant Delivery - Ecuador
Ecuador- The projected revenue in the Restaurant Delivery market in Ecuador is expected to reach US$25.93m by 2024.
- This indicates a positive growth trend as the revenue is projected to increase at an annual growth rate (CAGR 2024-2028) of 4.86%.
- By 2028, the market volume is projected to reach US$31.35m.
- In terms of user base, it is estimated that the number of users in the Restaurant Delivery market in Ecuador will amount to 1.2m users by 2028.
- This indicates a growing demand for restaurant delivery services in the country.
- The user penetration rate, which measures the percentage of the population using restaurant delivery services, is expected to be 5.2% in 2024 and is projected to increase to 5.6% by 2028.
- The average revenue per user (ARPU) in Ecuador's Restaurant Delivery market is expected to be US$25.42.
- This indicates the amount of revenue generated per user on average.
- When compared globally, United States is projected to generate the highest revenue in the Restaurant Delivery market, amounting to US$36.95bn in 2024.
- This showcases the significant market size and potential United States.
- In terms of user penetration rate, South Korea is expected to have the highest rate with a projected rate of 53.5% in the Restaurant Delivery market.
- This indicates a high adoption and usage of restaurant delivery services South Korea.
- With the rise of food delivery apps like Rappi and Uber Eats, Ecuadorians are increasingly opting for the convenience of ordering restaurant meals from the comfort of their homes.
- 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
