Bangladesh is a country with a rich culinary culture, where food is an integral part of people's lives. The Meal Delivery market in Bangladesh has been developing rapidly in recent years, with an increasing number of people opting for the convenience of having their meals delivered to their doorstep.
Customer preferences: The Meal Delivery market in Bangladesh is primarily driven by the increasing demand for convenience and time-saving options. With the rise of the middle class and the increasing number of working professionals, people are looking for ways to save time and effort in their daily lives. This has led to a growing preference for meal delivery services, which offer a wide range of options and the convenience of having meals delivered directly to their homes or offices.
Trends in the market: The Meal Delivery market in Bangladesh is witnessing a number of trends, including the rise of online ordering platforms and the increasing popularity of healthy meal options. Online ordering platforms have become a key driver of growth in the market, with more and more people using their smartphones and computers to order meals online. In addition, there is a growing demand for healthy meal options, as people become more health-conscious and aware of the benefits of eating a balanced diet.
Local special circumstances: Bangladesh is a country with a rich culinary heritage, and this is reflected in the Meal Delivery market. There is a wide range of local and regional cuisines available, including Bengali, Mughlai, and Chinese, among others. This diversity of options has contributed to the growth of the market, as people are able to choose from a wide range of cuisines and dishes.
Underlying macroeconomic factors: The Meal Delivery market in Bangladesh is also influenced by a number of underlying macroeconomic factors, including the growth of the middle class, the increasing number of working professionals, and the rise of e-commerce. As more and more people enter the middle class and join the workforce, there is a growing demand for convenience and time-saving options, such as meal delivery services. In addition, the rise of e-commerce has made it easier for people to order meals online, further driving the growth of the market.
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.
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