Online Food Delivery - Azerbaijan

Azerbaijan

The Online Food Delivery market in Azerbaijan is projected to reach a revenue of US$287.10m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 15.24%, resulting in a projected market volume of US$583.60m by 2029.
In the Grocery Delivery market, a revenue growth of 25.4% is expected in 2025.
The market volume is projected to be US$272.30m in 2024.
When compared globally, China is anticipated to generate the highest revenue, amounting to US$448.90bn in 2024.
The average revenue per user (ARPU) in the Grocery Delivery market is projected to be US$241.00 in 2024.
In the Grocery Delivery market, the number of users is expected to reach 1.5m users by 2029.
User penetration in the Grocery Delivery market will be at 10.8% in 2024.
Online food delivery in Azerbaijan is experiencing rapid growth, fueled by the increasing popularity of local cuisine and the convenience of ordering meals from the comfort of one's home.

Market

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Analyst Opinion

The Online Food Delivery market in Azerbaijan has been experiencing significant growth in recent years.

Customer preferences: Customers in Azerbaijan prefer to order food online due to its convenience and time-saving benefits. The busy lifestyle of people in urban areas has led to an increase in demand for online food delivery services. Additionally, the COVID-19 pandemic has also accelerated the adoption of online food delivery as people are avoiding crowded places and prefer to stay at home.

Trends in the market: The online food delivery market in Azerbaijan is becoming increasingly competitive, with new players entering the market. The market is dominated by local players, but international players are also making their presence felt. The market is witnessing a shift towards healthier food options, with consumers becoming more health-conscious. This has led to an increase in demand for organic and vegan food options. The market is also witnessing a trend towards the use of technology, such as mobile apps, to enhance the customer experience.

Local special circumstances: Azerbaijan is a country with a rich culinary heritage, and this has led to a diverse food culture. The online food delivery market in Azerbaijan caters to this diversity by offering a wide range of cuisines, from traditional Azerbaijani dishes to international cuisine. Additionally, the market is also influenced by local events and festivals, such as Novruz, which is celebrated in March and involves the preparation of traditional dishes.

Underlying macroeconomic factors: Azerbaijan has a growing economy, with a young and tech-savvy population. The country has a high internet penetration rate, which has led to an increase in online shopping and e-commerce. Additionally, the government has been actively promoting entrepreneurship and innovation, which has led to the growth of start-ups in the country. These factors have contributed to the growth of the online food delivery market in Azerbaijan.

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.