Market Insights Digital Online Food Delivery

Meal Delivery - China

China

The Meal Delivery market in China is expected to reach a projected revenue of €167.20bn by 2024.
The market is anticipated to grow at an annual rate of 3.92% from 2024 to 2028, resulting in a projected market volume of €195.00bn by 2028.
In terms of the Platform Deliverymarket, in China is projected to have a market volume of €151.00bn in 2024.
This indicates that in China will generate the highest revenue compared to other countries.
The average revenue per user (ARPU) in the Meal Delivery market in China is projected to be €209.70 in 2024.
This metric provides insights into the amount of revenue generated per user.
Furthermore, the number of users in the Meal Delivery market in China is expected to reach 883.0m users by 2028.
This indicates the potential market size and user base in the country.
Lastly, the user penetration rate in the Meal Delivery market in China is projected to be at 54.5% in 2024.
This metric represents the proportion of the population that uses meal delivery services.
China's meal delivery market is experiencing explosive growth, driven by a combination of urbanization, convenience-seeking consumers, and a highly competitive landscape dominated by platforms like Ele.me and Meituan.

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Comparación de regiones

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Analyst Opinion

Since Pizza Hut launched the first-ever pizza online order back in 1994, online food delivery has become a billion-dollar business. Aggregator platforms like Takeaway.com or Delivery Hero have expanded all over the world through the sale of reliable infrastructure solutions and attractive commission rates for restaurants. Platform-to-Consumer Delivery companies like Deliveroo or Uber Eats operate a more cost intensive business model, but are taking care of the whole delivery logistics. Those companies have also gained track over the last years, especially in densely populated regions. Both models will likely converge with stronger competition between in-house and third-party solutions.

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.