Market Insights Digital Online Food Delivery Meal Delivery

Restaurant Delivery - Montenegro

Montenegro

The Restaurant Delivery market in Montenegro is expected to experience significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$2.44m by 2024.
This number is expected to grow at an annual rate of 6.85%, resulting in a projected market volume of US$3.18m by 2028.
In terms of user base, the number of users in Montenegro's Restaurant Delivery market is expected to reach 65.7k users by 2028.
This indicates a user penetration rate of 8.3% in 2024, which is projected to increase to 9.8% by 2028.
The average revenue per user (ARPU) in Montenegro's Restaurant Delivery market is expected to be US$44.34.
This indicates the amount of revenue generated per individual user.
When compared globally, it is worth noting that in the United States is projected to generate the highest revenue in the Restaurant Delivery market, reaching a staggering US$36,950.00m in 2024.
Furthermore, the country with the highest user penetration rate in the Restaurant Delivery market is in South Korea, with a projected rate of 53.5%.
This indicates that a significant portion of the population in South Korea is expected to utilize restaurant delivery services.
Montenegro's restaurant delivery market is experiencing a surge in demand due to the country's growing tourism industry.

Key regions: Asia, Europe, South Korea, Germany, China

Market

Region

Region comparison

Currency

Analyst Opinion

The Restaurant Delivery model gained track fast, as it provided an easy solution for restaurants to switch from phone to online orders. Players like Just Eat, Delivery Hero or Takeaway.com strongly pushed the global markets in the recent decade, and global fast food chains like Domino's have adopted their digital strategies, too. The fierce competition resulted in thinner margins as companies poach customers from each other, so currently the market is in its consolidation phase with major M&A deals happening in all regions. Since adoption rates for this market are already high, it is likely towill likely grow slower in the next years and probably convergedelivery models.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.