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MajorCompanies involved in Online Food DeliveryMarket

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The advent of user-friendly apps coupled with changing consumer expectations has been a primary driver favoring growth.

According to GlobalData’slatest published report, the revenue generated by the global online food deliverymarket stoodat USD 437.8billion in 2021 and is expected to grow further at 9.2% CAGR to reach USD 679.5billion by 2026 over the forecast period (2021-2026). The online food deliverymarket report provides an executive-level overview of the current state of the global online food industry,including forecasts of key indicators till 2026. The report also features future scope, leading online food delivery vendorsprofiling, and demand dynamics by outlet types, including restaurants, retail, pubclub bar, and mobile operators, across regions and countries. The research study focuses on online food delivery marketsacross 49major countriesof the world. Changing lifestyles of consumers, increasing disposable incomes, and emergence of COVID-19 pandemic are the key growth drivers of the market. Themajorplayers in the global online food delivery including, McDonald’sCorp, Yum! Brands, Inc., Starbucks Corporation, and Restaurant Brands International, amongst others,focus on expanding their geographical footprint by adopting organic (through innovation and technology integration) and inorganic growth strategies, notably Mergers And Acquisitions (MA). The top five online food delivery vendors are listed below:McDonald’s Corp(US):McDonald's Corp is a food service retail chain operator. The company operates and franchises McDonald’s restaurants that serve a locally relevant menu of food and beverages.McDonald’s offers dine-in, delivery, take-out, and on-the-go services through its delivery website and mobile app.In March 2022, McDonald’s and Just Eat Takeaway.com entered a long-term global strategic partnership to drive delivery growth.Yum! Brands, Inc.(US): Yum! Brands, Inc. is a global quick-service restaurant company. The company develops, operates, franchises, and licenses a global system of both traditional and non-traditional quick-service restaurants. The company operates restaurants under the brand name KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands.Yum offers dine-in, delivery, and pick-up services through websitesandmobile apps for its array of brands.In September 2021, the company completed the acquisition of Dragontail Systems Ltd,a provider of kitchen order management and delivery technology.Starbucks Corporation(US): Starbucks Corp is a specialty coffee retailer. The company offers several blends of coffee, handcrafted beverages, merchandise, and food items. Starbucks also offers whole bean and ground coffee, readymade drinks, snacks, and other beverages.Starbucks offer in-store, drive-thru, and curbside order pick-up facility through its online ordering app. It also offers doorstep delivery through a partnership with Uber Eats.oIn February 2022, the company entered a partnership with Deliveroo for a new home delivery service in Ireland.Restaurant Brands International(Canada): Restaurant Brands International Inc is a quick-service restaurant operator. The company owns, operates, and franchises restaurants under Tim Hortons, Popeyes, Firehouse Subs, and Burger King brand names. RBI’s Tim Hortons restaurants offer premium tea, blend coffee, espresso-based hot and cold specialty drinks, classic sandwiches, grilled paninis, wraps, and soups.In December 2021, the company acquired Firehouse Restaurant Group Incbased in Florida to expand its geographic footprint.

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