The food delivery market in Kuwait has seen significant growth over the past few years, with a number of players entering the market to meet the increasing demand for online food delivery services.
Customer preferences: One of the main reasons for the growth of the online food delivery market in Kuwait is the increasing demand for convenience among consumers. With busy lifestyles and long working hours, many consumers are looking for quick and easy ways to order food from their favorite restaurants without having to leave their homes or offices.
Trends in the market: One of the key trends in the online food delivery market in Kuwait is the increasing popularity of mobile apps for ordering food. Many consumers now prefer to use their smartphones to place orders, as it is more convenient and allows them to track their orders in real-time.Another trend in the market is the growing demand for healthy and organic food options. Many consumers are becoming more health-conscious and are looking for food delivery services that offer a range of healthy options, including vegetarian and gluten-free meals.
Local special circumstances: Kuwait has a large expat population, which has contributed to the growth of the online food delivery market. Many expats are looking for a quick and easy way to order food from their favorite restaurants, and online food delivery services provide a convenient solution.Another factor contributing to the growth of the market is the hot climate in Kuwait. During the summer months, many consumers prefer to stay indoors and order food online rather than venturing out in the heat.
Underlying macroeconomic factors: The Kuwaiti economy has been growing steadily over the past few years, which has led to an increase in disposable income among consumers. This has contributed to the growth of the online food delivery market, as consumers have more money to spend on convenience services.In addition, the government has been investing heavily in infrastructure and technology, which has helped to improve the overall business environment in Kuwait. This has made it easier for online food delivery services to operate and expand their operations in the country.
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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