Online Food Delivery - Colombia

Colombia

The revenue in the Online Food Delivery market in Colombia is projected to reach €1.09bn in 2024.
This represents a significant growth opportunity for the country's food delivery industry.
It is expected that the market will continue to grow at a steady pace, with an annual growth rate (CAGR 2024-2028) of 8.13%.
This growth is projected to result in a market volume of €1.49bn by 2028.
In addition to the Online Food Delivery market, the Grocery Delivery market in Colombia is also expected to experience growth.
In 2025, the Grocery Delivery market is projected to show a revenue growth of 14.5%.
This indicates a positive trend for the grocery delivery industry.
The Grocery Delivery market in Colombia has a projected market volume of €0.57bn in 2024.
This showcases the potential size and scope of the grocery delivery sector in the country.
When compared to other countries globally, it is interesting to note that in China is expected to generate the most revenue in the Online Food Delivery market.
In 2024, in China's projected revenue is estimated to be €416,300.00m.
This highlights the immense market potential and demand for online food delivery services in China.
The average revenue per user (ARPU) in the Grocery Delivery market in Colombia is projected to amount to €56.88 in 2024.
This metric provides insights into the average spending of users in the grocery delivery sector.
In the Meal Delivery market, it is expected that the number of users in Colombia will amount to 14.3m users by 2028.
This indicates a significant user base for meal delivery services in the country.
User penetration in the Meal Delivery market is projected to be at 22.7% in 2024.
This metric measures the percentage of the population that utilizes meal delivery services.
With a user penetration rate of 22.7%, it suggests that a substantial portion of the population in Colombia is embracing the convenience and benefits of meal delivery services.
Colombia's online food delivery market is experiencing rapid growth, driven by the increasing adoption of technology and the convenience it offers to consumers.

Key regions: India, United States, Asia, China, Europe

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Online Food Delivery Market is a combination of Grocery Delivery and Meal Delivery. The market gained a great deal of traction from the COVID-19 Pandemic. The growth can be seen in almost every market. Now that food aggregators like Just Eat Takeaway and Delivery Hero have established themselves, they are now venturing into the Grocery Delivery space. While acquisitions are nothing new in the Meal Delivery space, these aggregators are taking big risks as Quick Commerce has yet to prove profitable.

Although the market saw two years of unprecedented growth, 2022 is looking to slow that down with uncertain macroeconomic conditions and consumers looking to save money. Consolidation of the key players will likely happen which will further expand the gray area between Grocery and Meal Delivery.

China and the US lead in terms of Gross Merchandising Value (GMV). Chinese companies are well-established and the market is mature. U.S. consumers enjoy discretionary spending and that does not look to be slowing down anytime soon.

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.