Online Food Delivery - Mongolia

Mongolia

In 2024, the projected revenue in the Online Food Delivery market for Mongolia is expected to reach US$96.28m.
Furthermore, the revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 18.41%, resulting in a projected market volume of US$224.10m by 2029.
Regarding the Grocery Delivery market, it is predicted to experience a revenue growth of 32.5% in 2025.
Additionally, the projected market volume for Mongolia in 2024 is estimated to be US$94.22m.
In comparison to other countries, China is expected to generate the highest revenue in 2024, reaching US$448.90bn.
Moving on to the average revenue per user (ARPU) in the Grocery Delivery market, the projection for Mongolia in 2024 stands at US$194.90.
In the Grocery Delivery market, the number of users is expected to reach 727.0k users by 2029.
Furthermore, the user penetration rate in the Grocery Delivery market for Mongolia is projected to be at 13.8% in 2024.
Despite its remote location and nomadic culture, Mongolia has seen a steady rise in online food delivery services, catering to the growing demand for convenience and variety among its urban population.

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Analyst Opinion

Mongolia, a country located in East Asia, has a unique food culture that has been shaped by its geographical location and nomadic lifestyle. The Online Food Delivery market in Mongolia has been growing in recent years, driven by various factors.

Customer preferences: Mongolian customers prefer to order food online due to its convenience and time-saving benefits. With the rise of e-commerce platforms, online food delivery has become a popular choice for busy city dwellers who want to enjoy a variety of dishes from the comfort of their homes. Customers also tend to choose restaurants that offer a wide range of cuisines and provide fast delivery services.

Trends in the market: The Online Food Delivery market in Mongolia has seen a significant increase in demand, especially during the COVID-19 pandemic. As people were forced to stay at home, the demand for online food delivery services skyrocketed. This trend is expected to continue as more people become accustomed to the convenience of ordering food online.

Local special circumstances: Mongolia's harsh climate and vast geography make it difficult for people to travel long distances to enjoy different types of cuisine. Online food delivery services have made it possible for people to access a variety of dishes that were previously unavailable in their area. Additionally, Mongolia's nomadic culture has led to the development of unique dishes that are not commonly found in other countries. Online food delivery services have made it possible for people to enjoy these local delicacies without having to travel to remote areas.

Underlying macroeconomic factors: The growth of the Online Food Delivery market in Mongolia is also driven by the country's economic development. Mongolia's GDP has been steadily increasing in recent years, leading to a rise in disposable income and consumer spending. This has resulted in an increase in demand for convenient services such as online food delivery. The government's efforts to improve internet infrastructure and promote e-commerce have also contributed to the growth of the Online Food Delivery market in Mongolia.In conclusion, the Online Food Delivery market in Mongolia has been growing rapidly due to its convenience, variety of cuisines, and unique local dishes. The COVID-19 pandemic has accelerated this trend, and it is expected to continue in the coming years. As Mongolia's economy continues to develop and the government promotes e-commerce, the Online Food Delivery market is set to become an increasingly important part of the country's food culture.

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.