The popularity of online food delivery services has been on the rise in Slovakia in recent years.
Customer preferences: Slovakia is a country where people are increasingly busy and have less time to cook meals at home. As a result, they are turning to online food delivery services as a convenient way to get meals delivered to their doorstep. Customers in Slovakia also value the ability to order food from a variety of restaurants and cuisines, making online food delivery services an attractive option.
Trends in the market: One trend that has emerged in the online food delivery market in Slovakia is the rise of local players. While international companies have a presence in the country, local companies are gaining ground due to their understanding of the local market and their ability to offer more personalized services. Another trend is the increasing use of mobile apps for food delivery, with many companies developing their own apps to make ordering even more convenient for customers.
Local special circumstances: Slovakia is a country with a strong food culture, and many people have a preference for traditional Slovak dishes. As a result, online food delivery services that offer traditional Slovak cuisine are especially popular. In addition, the country has a relatively low population density, which can make it challenging for companies to offer timely and efficient delivery services in some areas.
Underlying macroeconomic factors: The growth of the online food delivery market in Slovakia is also being driven by broader macroeconomic trends. The country has a growing middle class with increasing disposable income, which is making online food delivery services more accessible to a wider range of people. In addition, the COVID-19 pandemic has accelerated the shift towards online food delivery, as more people are staying at home and avoiding crowded restaurants. Overall, the online food delivery market in Slovakia is expected to continue growing in the coming years.
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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