Market Insights eCommerce Online Food Delivery Meal Delivery

Restaurant Delivery - Slovakia

Slovakia

The Restaurant Delivery market in Slovakia is projected to reach a revenue of US$54.47m in 2024.
This represents an annual growth rate (CAGR 2024-2029) of 4.51%, resulting in a projected market volume of US$67.92m by 2029.
By 2029, the number of users in the Restaurant Delivery market is expected to amount to 1.4m users.
The user penetration, which currently stands at 21.8% in 2024, is projected to increase to 25.3% by 2029.
The average revenue per user (ARPU) is expected to be US$43.81.
In global comparison, United States will generate the highest revenue in the Restaurant Delivery market, reaching US$36,950.00m in 2024.
South Korea, on the other hand, will have the highest user penetration rate with a projected rate of 53.1%.
The restaurant delivery market in Slovakia is experiencing a significant surge in demand due to the country's growing urban population and increasing preference for convenience.

Market

Region

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Currency

Analyst Opinion

The popularity of restaurant delivery services has been on the rise in Slovakia in recent years.

Customer preferences: Slovakians have shown a growing interest in convenience and time-saving services, which has led to an increase in restaurant delivery orders. Additionally, the COVID-19 pandemic has accelerated this trend as people are spending more time at home.

Trends in the market: One of the notable trends in the Slovakian restaurant delivery market is the rise of online food ordering platforms. These platforms offer a wide range of food options from various restaurants, making it easier for customers to order from their favorite restaurants. Furthermore, many restaurants have started to offer their own delivery services to meet the growing demand.

Local special circumstances: Slovakia's location in Central Europe has made it a popular tourist destination, and this has had a positive impact on the restaurant delivery market. The country's rich culinary heritage and diverse food culture have made it an attractive destination for foodies, further fueling the demand for restaurant delivery services.

Underlying macroeconomic factors: The Slovakian economy has been growing steadily in recent years, and this has led to an increase in disposable income among the population. As a result, people are more willing to spend money on convenience services like restaurant delivery. Additionally, the country's relatively low labor costs have made it an attractive location for restaurant delivery companies to set up operations.

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.