The Online Food Delivery market in Seychelles has been steadily growing over the past few years, with an increasing number of consumers opting for the convenience of having food delivered to their doorsteps.
Customer preferences: Seychelles, like many other countries, has seen a shift in customer preferences towards online food ordering and delivery. Consumers are increasingly looking for convenience and time-saving options, and online food delivery platforms offer just that. Additionally, the COVID-19 pandemic has accelerated this trend, with more people staying at home and relying on online deliveries for their daily needs.
Trends in the market: One of the key trends in the Seychelles Online Food Delivery market is the rise of local food delivery platforms. While international players like Uber Eats and Deliveroo are present in the market, local players have gained popularity due to their ability to cater to the unique tastes and preferences of Seychellois consumers. These local platforms have also been able to establish relationships with local restaurants and food vendors, giving them an edge over international players.Another trend in the market is the increasing demand for healthy food options. Consumers are becoming more health-conscious and are looking for food delivery platforms that offer a variety of healthy options. This trend is also driven by the tourism industry, as Seychelles is known for its natural beauty and healthy lifestyle.
Local special circumstances: One of the key factors driving the growth of the Online Food Delivery market in Seychelles is the country's tourism industry. Seychelles is a popular tourist destination, and many visitors prefer the convenience of ordering food online. Additionally, the country has a diverse population with a mix of local and international cuisines, making it an attractive market for food delivery platforms.Another factor contributing to the growth of the market is the country's limited transportation infrastructure. Many areas in Seychelles are inaccessible by car, making food delivery a convenient option for consumers.
Underlying macroeconomic factors: Seychelles has a relatively small population, which limits the potential market size for Online Food Delivery platforms. However, the country has a high GDP per capita, which means that consumers have more disposable income to spend on food and other luxuries. Additionally, the country's stable political environment and growing tourism industry create a favorable business environment for food delivery platforms.
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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