Meal Delivery - Bhutan

Bhutan

Highlights

The projected revenue in the Meal Delivery market for Bhutan is expected to reach US$567.30k in 2024.
This revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 8.96%, resulting in a projected market volume of US$871.10k by 2029.
In terms of the Platform Deliverymarket, in Bhutan is projected to have a market volume of US$356.10k in 2024.
When compared globally, China is anticipated to generate the highest revenue in the Meal Delivery market, amounting to US$184.50bn in 2024.
The average revenue per user (ARPU) in the Meal Delivery market for Bhutan is projected to be US$22.37 in 2024.
Additionally, the number of users in the Meal Delivery market is expected to reach 38.3k users by 2029.
The user penetration rate in the Meal Delivery market for Bhutan is estimated to be 3.2% in 2024.
Bhutan's meal delivery market is witnessing a surge in demand for traditional Bhutanese cuisine, highlighting the preference for local flavors and cultural authenticity.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Bhutan, a small landlocked country located in South Asia, is known for its unique culture, breathtaking scenery, and Gross National Happiness index. The Meal Delivery market in Bhutan has been steadily developing over the past few years, reflecting the changing lifestyles and preferences of Bhutanese consumers.

Customer preferences: Bhutanese consumers are increasingly turning to meal delivery services due to the convenience and time-saving benefits they offer. With the rise of dual-income households and busy lifestyles, consumers are looking for quick and easy meal solutions that can be delivered to their doorstep. Moreover, the growing popularity of online platforms and mobile apps has made it easier for consumers to order meals from a variety of restaurants and food outlets.

Trends in the market: One of the key trends in the Meal Delivery market in Bhutan is the increasing demand for healthy and organic food options. Consumers are becoming more health-conscious and are looking for meals that are not only convenient but also nutritious. This trend is reflected in the growing number of meal delivery services that offer healthy and organic food options.Another trend in the market is the rise of food delivery services that cater to specific dietary requirements. With the increasing prevalence of food allergies and intolerances, consumers are looking for meal delivery services that can cater to their specific dietary needs. As a result, there has been a rise in meal delivery services that offer gluten-free, vegan, and vegetarian options.

Local special circumstances: Bhutan is a unique market with its own set of challenges and opportunities. The country's rugged terrain, limited infrastructure, and small population make it difficult for meal delivery services to operate efficiently. Moreover, Bhutanese cuisine is heavily influenced by Indian and Tibetan cuisine, which can be challenging for foreign meal delivery services to cater to.

Underlying macroeconomic factors: The Meal Delivery market in Bhutan is also influenced by macroeconomic factors such as GDP growth, inflation, and consumer spending. Bhutan's economy has been growing steadily over the past few years, which has led to an increase in disposable income and consumer spending. This has created opportunities for meal delivery services to expand their operations and cater to a growing consumer base.In conclusion, the Meal Delivery market in Bhutan is developing rapidly, driven by changing consumer preferences, increasing demand for healthy and organic food options, and the rise of food delivery services that cater to specific dietary requirements. While the market faces unique challenges due to Bhutan's geography and cuisine, the underlying macroeconomic factors suggest that there is significant potential for growth in the coming years.

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.