The demand for restaurant delivery services in Australia has been increasing steadily in recent years, driven by changing customer preferences and technological advancements.
Customer preferences: Customers in Australia are increasingly looking for convenience and speed when it comes to food delivery. With busy work schedules and hectic lifestyles, many consumers are opting for the ease of ordering food online and having it delivered to their doorstep. Additionally, the COVID-19 pandemic has accelerated the trend towards contactless delivery, further increasing the demand for restaurant delivery services.
Trends in the market: The restaurant delivery market in Australia has seen significant growth in recent years, with the entry of new players and the expansion of existing ones. The market is highly competitive, with companies offering a range of services from food delivery to grocery and alcohol delivery. The rise of food delivery aggregators has also contributed to the growth of the market, providing consumers with a one-stop-shop for multiple restaurants.
Local special circumstances: One of the unique challenges faced by the restaurant delivery market in Australia is the vast geography of the country. With a large land area and dispersed population, delivery logistics can be complex and costly. Additionally, the country's strict food safety regulations can pose a challenge for new entrants to the market.
Underlying macroeconomic factors: The growth of the restaurant delivery market in Australia can be attributed to several underlying macroeconomic factors. Firstly, the country's strong economy and high disposable income levels have contributed to increased spending on food delivery services. Secondly, the rise of the gig economy and the increasing number of people working from home has created a larger customer base for food delivery services. Finally, the increasing adoption of technology and smartphones has made it easier for consumers to order food online and track their deliveries in real-time.
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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