Market Insights eCommerce Online Food Delivery Meal Delivery

Restaurant Delivery - Suriname

Suriname

Suriname is projected to experience significant growth in the Restaurant Delivery market.
By 2024, the projected revenue is expected to reach US$37.66k.
This growth is expected to continue, with an annual growth rate (CAGR 2024-2029) of 2.68%, resulting in a projected market volume of US$42.98k by 2029.
The number of users in the Restaurant Delivery market is also expected to increase, reaching 3.7k users by 2029.
User penetration, which refers to the percentage of the population using the service, is predicted to be 0.5% in 2024 and is expected to rise to 0.6% by 2029.
This indicates a growing adoption of restaurant delivery services in Suriname.
The average revenue per user (ARPU) is expected to amount to US$11.95.
This figure represents the average amount of revenue generated by each user in the market.
In the global comparison, it is worth noting that United States is projected to generate the highest revenue in the Restaurant Delivery market, with an estimated amount of US$36,950.00m in 2024.
This highlights the dominance of the United States in this market.
Furthermore, the country with the highest user penetration rate in the Restaurant Delivery market is South Korea, with a projected rate of 44.8%.
This indicates a high level of adoption and usage of restaurant delivery services among the population South Korea.
Overall, in Suriname is expected to witness growth and development in the Restaurant Delivery market, aligning with global trends and reflecting the increasing demand for convenient food delivery services in the country.
Suriname's restaurant delivery market is experiencing a surge in demand as consumers seek convenient and contactless dining options.

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Analyst Opinion

Suriname, a small South American country, is experiencing a surge in the restaurant delivery market. With a population of just over half a million, Suriname is known for its diverse culture and cuisine. In recent years, the restaurant delivery market has grown exponentially due to changing customer preferences and the rise of food delivery apps.

Customer preferences: Surinamese customers are increasingly choosing to order food online and have it delivered to their doorstep. This can be attributed to the convenience and ease of use of food delivery apps. Customers can browse menus and place orders with just a few clicks, making the process of ordering food much simpler than before. Additionally, the COVID-19 pandemic has led to an increase in demand for food delivery services, as people are spending more time at home.

Trends in the market: One of the main trends in the Surinamese restaurant delivery market is the rise of food delivery apps. Companies like Uber Eats and Deliveroo have entered the market, providing customers with a wider range of options when it comes to ordering food. This has led to increased competition among restaurants, as they strive to offer unique and high-quality dishes to stand out from the crowd. Another trend is the growing popularity of healthy and organic food options. Many restaurants are now offering healthier menu items to cater to customers who are conscious about their health and wellbeing.

Local special circumstances: Suriname's diverse culture and cuisine play a significant role in the restaurant delivery market. The country has a mix of Indian, African, Chinese, and Indonesian influences, which can be seen in its food. Local dishes like roti, pom, and moksi meti are popular among Surinamese people and are also enjoyed by tourists. This has led to a diverse range of restaurants and food options being available for delivery.

Underlying macroeconomic factors: The Surinamese economy has been struggling in recent years, with high inflation and a shortage of foreign currency. This has led to a decrease in consumer spending and a rise in unemployment. However, the restaurant delivery market has remained resilient, as people are still willing to spend money on food delivery services. Additionally, the COVID-19 pandemic has had a significant impact on the economy, but has also led to an increase in demand for food delivery services.In conclusion, the restaurant delivery market in Suriname is experiencing growth due to changing customer preferences, the rise of food delivery apps, and the country's diverse culture and cuisine. Despite underlying macroeconomic challenges, the market remains resilient and is likely to continue growing in the coming years.

Methodology

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.