In this article, we are going to list the 15 largest food delivery companies in the world. Click to skip ahead and jump to the 5 largest food delivery companies in the world.
What are the largest food delivery companies in the world? In the middle of a pandemic, is it possible to set aside your food cravings? Find out the 15 largest fast food companies in the world and support your local food chain! It may not be the smoothest transition from a traditional dine-in set up at your local go-to restaurant, but one thing is for sure: digitalization helps us change our lifestyle and habits. As proof, more people have started ordering food online more than they ever did before. It’s also safer to order food online and have it delivered to your doorstep so you can help in stopping the spread of the coronavirus. Have you been missing your Mexican food night outs? Go on UberEats and have your freshest tacos delivered to you in just minutes! Indeed, third-party food delivery services are efficient, fast, and could get you any food you crave without leaving the comfort of your home.
What’s your favorite food delivery app? Whether you are a desk warrior in your office, a remote worker at home, a college student living in a dorm, or a home buddy, you probably order food yourself. If you’ve been ordering your food online, wouldn’t it be nice to know what the food delivery market looks like? Stay with us and we’ll provide you with the most relevant information about the biggest food delivery companies in the world. The investor in you can gain exposure to one of the biggest food delivery companies in the world thru The Amplify Online Retail ETF IBUY with a combined share of UberEats (NYSE: UBER) and GrubHub.
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The food delivery industry is expected to grow from $107.44 billion in 2019 and to $111.32 billion in 2020 at a steady CAGR of 15%, which has been greatly affected by the economic slowdown caused by COVID-19 restrictions. On the other hand, online food delivery platforms such as Just Eat Takeaway announced that they are acquiring US-based GrubHub (NYSE: GRUB)in an all-share deal at a value of $7.3 billion. Even at an even growth rate, online food delivery platforms are thriving! One of the key factors that help the online food delivery market afloat is the rising preference of consumers to order food online as it is accessible and hassle-free.
According to the recent e-commerce statistics, almost half of the online shopping conversion rate is made through a smartphone. The number of smartphone users reached 3.8 billion in 2019. One of the key indicators that third-party food delivery apps will continue to prosper is because of the steady growth of smartphone users worldwide. Online food delivery apps like Grubhub and Uber Eats have seen an influx of usage during the outbreak of COVID-19. Grubhub (NYSE: GRUB) for example reported a 35% active consumer growth which brought the company $27.5 million in the second quarter of 2020 from 20.3 million in the same quarter in 2019.
So how did we come up with our list of the largest food delivery companies in the world? In this article, we highlighted the online food delivery companies that gave an outperformance in the market in the time of coronavirus recession. We ranked these food delivery companies by their revenue according to their annual financial report and where that wasn’t available, we used Forbes as our source. We also included each food delivery company’s size.
Although the online food delivery sector is growing, the penetration in the U.S. market is still low at 6% in 2018. This encourages international third-party food delivery companies to invest in the U.S. market by acquisition of existing food delivery company. For example, Grubhub is one of the U.S.’s leading food delivery companies. It was offered acquisition by European food delivery giant Just Eat Takeaway and Ubereats. Grubhub agreed on an all-stock transaction with Just Eat Takeaway for 7.3 billion USD in April this year. This will give the European company an opening to penetrate the U.S. market and become bigger than Ubereats. With the continuous growth of the food delivery industry, it is expected to increase the U.S. market penetration in 5 years to 13%.
Here’s our list of the 15 largest food delivery companies in the world:
