DoorDash is Dominating the U.S. Food Delivery Market
The food conveyance application market in the U.S. is moving from an oligopoly, where market control was shared among four organizations, to even more of a duopoly setting.
As per McKinsey and Company, two central parts — DoorDash and Uber Eats — control nearly 80% of the food conveyance market starting around 2021.
This is the way the general food conveyance application market has moved starting around 2018:
| Brand | The U.S. Market Share (2018) | The U.S. Market Share (2021) | Trend |
|---|---|---|---|
| DoorDash | 16% | 53% | ⤴︎ |
| Uber Eats | 26% | 26% | — |
| Postmates | 10% | 5% | ⤵︎ |
| Grubhub | 36% | 12% | ⤵︎ |
| Others | 12% | 4% | ⤵︎ |
The Most Popular Food Delivery App in the U.S.
The COVID-19 pandemic has sped up DoorDash’s fast development and market predominance. The food conveyance organization expanded its piece of the pie from under 20% in 2018 to 53% in 2021.
As the world remained inside to climate the pandemic, the whole U.S. conveyance application market developed by 48.3% inside the two or three months of 2020. Also, throughout the span of the year, DoorDash’s singular portion of the market developed by around 12.5 rate focuses, assisting the organization’s yearly income with swelling from $0.85 billion in 2019 to $2.88 billion in 2020.
While a simple to-utilize point of interaction was a basic part of this achievement, many market investigators quality DoorDash’s pandemic blast to a blend of predominant client information and brand situating as a partner to battling eateries during the pandemic.
This achievement finished in a broadly examined IPO in December 2020, where on its most memorable day of exchanging, DoorDash stock costs took off 86% to $190 per share.
DoorDash and Uber Eats Crowd Out the Competition
All through DoorDash’s development, Uber Eats has remained their greatest rival and kept up with generally 25% of the U.S. conveyance application market starting around 2018.
These accomplishments have come to the detriment of Postmates, Grubhub, and other more modest players, which have seen their portions of the overall industry decline significantly. It is actually important that both Postmates and Grubhub have still seen expansions in their yearly income, to a limited extent because of the rising size of the general market.
All things considered, less popular stages, for example, Delivery.com and ChowNow are diminishing in importance to the business. As the conveyance application market develops, control is progressively combined in the possession of fewer organizations.
