Online Food Delivery is becoming increasingly popular in Lithuania, with a growing number of consumers choosing to order food online instead of dining out or cooking at home.
Customer preferences: One of the main reasons for the growth of the Online Food Delivery market in Lithuania is the changing consumer preferences. Customers are looking for convenience, variety, and affordability when it comes to ordering food. Online food delivery platforms offer a wide range of restaurants and cuisines to choose from, making it easier for customers to order their favorite meals from the comfort of their homes. Additionally, many platforms offer discounts and promotions, making it more affordable for customers to order food online.
Trends in the market: The Online Food Delivery market in Lithuania is becoming increasingly competitive, with new players entering the market and existing players expanding their services. One of the major trends in the market is the rise of mobile food delivery apps. With the increasing use of smartphones, customers are now able to order food on-the-go, making it even more convenient for them. Another trend is the increasing popularity of healthy food options. Many customers are now looking for healthier food options, and online food delivery platforms are responding to this trend by offering a wider range of healthy food options.
Local special circumstances: One of the unique factors in the Online Food Delivery market in Lithuania is the popularity of traditional Lithuanian cuisine. While there is a growing demand for international cuisines, many customers still prefer traditional Lithuanian dishes. Online food delivery platforms are responding to this trend by partnering with local restaurants that offer traditional Lithuanian cuisine. Additionally, many platforms are offering delivery services to smaller cities and towns, making it easier for customers in these areas to order food online.
Underlying macroeconomic factors: The growth of the Online Food Delivery market in Lithuania is also influenced by underlying macroeconomic factors. The country has a relatively high internet penetration rate, with a large percentage of the population using smartphones and other mobile devices. Additionally, the country has a growing middle class, with increasing disposable income. This has led to a higher demand for convenience and luxury services, including online food delivery. Finally, the COVID-19 pandemic has also played a role in the growth of the Online Food Delivery market in Lithuania. With many restaurants closed or operating at reduced capacity, customers have turned to online food delivery platforms as a safer and more convenient alternative.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
