September 27, 2024
Spain's Food Delivery Market: An Analytical Overview
Spain's rich culinary diversity makes it an ideal landscape for the growing food delivery industry. As the country that brought the world paella, tapas, and sangria, Spain's cuisine is as varied as its geography. The data presents a global trend where food delivery services are becoming an integral part of daily life. From 2019 to 2022, the online food delivery market in Spain more than doubled its revenue, reaching over €5 billion, showcasing an insatiable appetite for dining at the digital table [1]. With a remarkable surge in revenue in 2023 to €6.6 billion, the online meal and grocery delivery industry's financial trajectory highlights growing demand and a hungry consumer base eager for the convenience of food delivery [2]. This analysis taps into Dashmote's extensive data to provide insights on the dynamics of Food Service Aggregators (FSAs) and the potential that lies within Spain's food delivery sector.
Key Players in Spain’s Market
The Spanish food delivery market has experienced remarkable growth, now featuring over 108.6k DSFs (digital storefronts) across the country. We noticed intense competition primarily among the three major platforms we gathered insights from: Glovo, JustEat Takeaway.com, and Uber Eats. Glovo leads with a 41% market share, underscoring its extensive reach. JustEat Takeaway.com is a close second with 39%, while Uber Eats holds the third position with a 20% share.
Just Eat Takeaway.com is the fastest growing platform, with over 42.1k digital storefronts (DSFs) and experiencing a significant growth rate in comparison to its competition, 15% growth from Q1 to Q4 of 2023. With its rapid expansion, Just Eat Takeaway.com is gaining ground on Glovo, the current go-to choice for food delivery in Spain.
Madrid's Central Role
Madrid stands out as the core of Spain's food delivery operations, commanding 17% of the nation's digital storefronts. This concentration highlights the city's importance to the national market, as well as the potential it has for expansion.
Popular Cuisine Types in Spanish Food Delivery
An analysis of cuisine types reveals a diverse palate among Spanish consumers, with pizza (18%), burgers (12%), and American cuisine (10%) topping the list of favorites. Dashmote’s analysis of online food imagery and menu offerings across platforms enables businesses to strategically expand their market presence, equipped with accurate, real-time data on popular cuisines, emerging food trends, and market opportunities.
Opportunities for Growth
Spain's food delivery market is constantly changing and growing. Gaining an understanding of market trends is important to gain strategic advantage, especially for new entrants or brands trying to broaden their offerings and increase their market share. Dashmote offers the insights necessary to effectively navigate this competitive landscape.
Mission at Dashmote
At Dashmote, we’re shaping the next generation of prospecting with AI. We leverage AI to provide companies with the most relevant and high-potential sales leads. Our technology delivers precise and personalized scoring for each location, empowering sales teams to target the best opportunities. We aim to reduce wasted time and resources, ultimately unlocking better conversion and business outcomes. Target the best leads, every single time.
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