Online Food Delivery - Republic of the Congo

Republic of the Congo

The Republic of the Congo is expected to witness a substantial growth in the Online Food Delivery market, with projected revenue reaching US$12.72m in 2024.
This is anticipated to be driven by an impressive annual growth rate (CAGR 2024-2029) of 12.26%, resulting in a projected market volume of US$22.68m by 2029.
Furthermore, the Grocery Delivery market in the Republic of the Congo is also expected to experience growth, with a revenue growth rate of 20.2% projected for 2025.
The market volume for Grocery Delivery is estimated to reach a staggering US$11.71m in 2024.
When comparing in the Republic of the Congo to other countries globally, China is expected to generate the highest revenue in the Online Food Delivery market, with a projected revenue of US$448.90bn in 2024.
In terms of average revenue per user (ARPU), the Republic of the Congo's Grocery Delivery market is projected to reach US$26.22 in 2024.
This indicates the potential for significant revenue per user in this market.
Moving to the Grocery Delivery market, the number of users in the Republic of the Congo is expected to reach 722.2k users by 2029.
This highlights the growing popularity and adoption of meal delivery services in the country.
Lastly, user penetration in the Grocery Delivery market is projected to be at 7.2% in 2024, indicating that a significant portion of the population will be utilizing meal delivery services.
Overall, in the Republic of the Congo is poised to witness substantial growth and revenue generation in the Online Food Delivery market, particularly in the Grocery and Grocery Delivery segments.
The online food delivery market in the Republic of the Congo is experiencing a surge in demand due to the convenience and safety it offers during the ongoing pandemic.

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Analyst Opinion

The Republic of the Congo has been experiencing a steady growth in its online food delivery market.

Customer preferences: The younger generation in the Republic of the Congo is driving the growth of the online food delivery market. They prefer the convenience and accessibility of ordering food through their mobile devices. Additionally, the COVID-19 pandemic has also accelerated the adoption of online food delivery services as people prefer to stay at home and avoid crowded places.

Trends in the market: The online food delivery market in the Republic of the Congo has been witnessing a surge in the number of players entering the market. This has led to increased competition, which has resulted in better quality of service and lower prices for customers. Another trend in the market is the increasing popularity of healthy food options. Customers are becoming more health-conscious and are looking for healthier food options.

Local special circumstances: The Republic of the Congo has a unique food culture that is heavily influenced by its French colonial past. This has led to the popularity of French cuisine in the country. However, the online food delivery market in the Republic of the Congo is also witnessing the emergence of local food delivery services that offer traditional Congolese cuisine.

Underlying macroeconomic factors: The Republic of the Congo has been experiencing steady economic growth over the past few years. This has led to an increase in disposable income, which has resulted in a higher demand for online food delivery services. Additionally, the country has a young population that is tech-savvy and prefers to use mobile devices for their daily needs. The growth of the online food delivery market in the Republic of the Congo is expected to continue in the coming years.

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.