The Israeli Restaurant Delivery market has been experiencing significant growth in the past few years.
Customer preferences: Customers in Israel have shown a growing preference for convenience and speed when it comes to dining options. With the rise of technology, more and more Israelis are turning to online food delivery services to satisfy their cravings. This trend is also reflected in the global market, as consumers worldwide are increasingly looking for fast, hassle-free meal options.
Trends in the market: One of the major trends in the Israeli Restaurant Delivery market is the increasing number of players in the market. As more companies enter the market, competition is becoming more intense, which is driving innovation and improving the quality of services offered. Another trend is the growing popularity of healthy food options, as consumers become more health-conscious and demand healthier meal options from delivery services.
Local special circumstances: Israel is a small country with a highly concentrated population, which has made it easier for Restaurant Delivery companies to establish a strong presence in the market. Additionally, the country's diverse population and rich culinary traditions have created a unique food culture, which has contributed to the popularity of Restaurant Delivery services.
Underlying macroeconomic factors: Israel's strong economy and high standard of living have also contributed to the growth of the Restaurant Delivery market. As Israelis become more affluent, they are willing to spend more money on dining out and ordering in. Additionally, the country's high population density and extensive use of technology have made it a prime market for Restaurant Delivery companies to expand their operations.
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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