Meal Delivery - Guyana | Statista Market Forecast

The Meal Delivery market in Guyana is projected to reach a revenue of US$174.20k in 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 4.78%, resulting in a projected market volume of US$220.00k by 2029.
In Guyana, the Restaurant Deliverymarket is estimated to have a market volume of US$115.30k in 2024.
When compared globally, China is expected to generate the highest revenue of US$184.50bn in the same year.
The average revenue per user (ARPU) in the Meal Delivery market in Guyana is projected to amount to US$15.45 in 2024.
Additionally, the number of users in this market is expected to reach 13.9k users by 2029.
The user penetration in the Meal Delivery market in Guyana is anticipated to be at 1.4% in 2024.
Guyana's meal delivery market is seeing a surge in demand due to the country's growing urban population and busy lifestyles.

Definition:

Meal Delivery is the online ordering and delivery of prepared meals by a restaurant or a platform for direct consumption. Orders are typically placed in an app or on a website. The delivery is handled by the platform enterprise (e.g. Deliveroo) or directly by the restaurant (e.g. Domino’s).

Structure:

Meal Delivery contains the user and revenue development of two different delivery service solutions for prepared meals: (1) Restaurant Delivery and (2) Platform Delivery. 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 Platform Delivery market focuses on online delivery services that provide customers with meals from partner restaurants that do not necessarily have to offer food delivery themselves. In this case, the platform (e.g. Deliveroo) handles 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.

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 meal order and delivery both carried out by a platform (e.g. Deliveroo)
Online orders that are picked up in the restaurant

Phone orders
Deliveries of non-processed or non-prepared food (e.g. HelloFresh)

The demand for meal delivery services has been on the rise in recent years, and Guyana is no exception. The country has seen a growth in the Meal Delivery market, which has been driven by several factors.

Customer preferences: Customers in Guyana are increasingly turning to meal delivery services for convenience and time-saving purposes. With the rise of busy lifestyles, people are looking for ways to save time and effort, and meal delivery services provide a solution. Additionally, the COVID-19 pandemic has led to an increase in demand for meal delivery services as people are encouraged to stay at home and avoid crowded places.

Trends in the market: One of the trends in the meal delivery market in Guyana is the rise of healthy meal options. Customers are becoming more health-conscious and are looking for meal delivery services that offer healthy and nutritious meals. Another trend is the use of technology to improve the customer experience. Many meal delivery services now offer online ordering and payment options, making it easier for customers to place orders and track their deliveries.

Local special circumstances: Guyana is a small country with a population of just under 800,000 people. As a result, the meal delivery market is relatively small compared to other countries. However, the market is growing, and there is room for new players to enter the market. Additionally, Guyana has a diverse population with a mix of ethnic groups, which has led to a variety of cuisines being offered by meal delivery services.

Underlying macroeconomic factors: The growth of the meal delivery market in Guyana is also being driven by underlying macroeconomic factors. The country has seen an increase in disposable income, which has led to a rise in consumer spending. Additionally, the government has been investing in infrastructure development, which has led to an increase in economic activity. As a result, more people are able to afford meal delivery services, and there is a growing demand for these services.In conclusion, the meal delivery market in Guyana is growing, driven by customer preferences for convenience and time-saving, healthy meal options, and the use of technology to improve the customer experience. The market is relatively small compared to other countries, but there is room for new players to enter. The underlying macroeconomic factors, such as an increase in disposable income and infrastructure development, are also contributing to 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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