Restaurant Delivery - Luxembourg

Luxembourg

Highlights

The Restaurant Delivery market in Luxembourg is projected to reach a revenue of US$10.73m in 2024.
This represents an annual growth rate of 3.67% (CAGR 2024-2029), resulting in a projected market volume of US$12.84m by 2029.
By that time, the number of users in the Restaurant Delivery market is expected to reach 82.7k users.
The user penetration rate is forecasted to be 10.8% in 2024 and is expected to increase to 12.0% by 2029.
The average revenue per user (ARPU) is projected to be US$12.84m.
In terms of global comparison, United States is expected to generate the highest revenue in the Restaurant Delivery market, reaching US$36.95bn in 2024.
On the other hand, South Korea is projected to have the highest user penetration rate of 44.8% in the Restaurant Delivery market.
The restaurant delivery market in Luxembourg is experiencing a surge in demand due to the country's affluent population and busy work schedules.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Luxembourg is known for its high standard of living and is one of the wealthiest countries in Europe. The Restaurant Delivery market in Luxembourg has been growing steadily in recent years, driven by changing consumer preferences and the rise of online food delivery services.

Customer preferences: The increasing number of working professionals and busy lifestyles have led to a surge in demand for food delivery services in Luxembourg. Consumers prefer the convenience of ordering food from the comfort of their homes, especially during the pandemic. The younger generation is more inclined towards online food delivery services compared to their older counterparts.

Trends in the market: The Restaurant Delivery market in Luxembourg has seen a shift towards online food delivery platforms such as Uber Eats, Deliveroo, and Just Eat. These platforms offer a wide range of food options from various restaurants, making it easier for consumers to access multiple cuisines from a single platform. The rise of these platforms has led to increased competition among restaurants, leading to innovative menus and attractive pricing strategies to attract customers. The trend of healthy food delivery has also been on the rise in Luxembourg, with consumers opting for healthier food options.

Local special circumstances: Luxembourg has a diverse population, and the restaurant industry caters to various cuisines, including French, German, and Italian. The country's small size and high population density make it easier for food delivery services to reach their customers quickly. However, the high cost of living in Luxembourg means that food delivery services tend to be more expensive compared to other European countries.

Underlying macroeconomic factors: Luxembourg's stable economy and high standard of living have contributed to the growth of the Restaurant Delivery market. The country's high GDP per capita and low unemployment rate have resulted in increased consumer spending on food delivery services. The rise of online food delivery platforms has also led to the creation of jobs in the delivery and logistics sector. However, the high cost of living and the country's small size may limit the growth potential of the Restaurant Delivery market in Luxembourg.

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.