Uber Eats – statistics & facts
A global pioneer in the ridesharing market, Uber launched its food delivery spinoff ‘Uber Eats’ in 2014 (as UberFRESH), and expanded operations beyond the United States only two years later. In less than a decade, the company took the online food delivery industry by storm, and today boasts the highest revenue among leading industry giants worldwide.
After its bid to acquire major competitor Grubhub failed, Uber Eats announced its acquisition of Postmates in late 2020 in an effort to increase its reach in the U.S. market. A year later, the company announced its acquisition of on-demand alcohol delivery platform Drizly, consolidating its foothold in the food and beverage e-commerce market in the country. However, in early 2024, Uber Eats decided to shut down Drizly, incorporating alcohol and beverage sales in the Uber Eats app instead.
As of March 2024, Uber Eats controlled 23 percent (including subsidiary Postmates) of the online food delivery market in the United States, trailing behind another homegrown champion, DoorDash.
In 2023, Uber Eats was the most downloaded food delivery app in France, ranking second in terms of app downloads in markets like Germany and Spain, and fourth in the United Kingdom. As of March 2024, Uber Eats was the most popular food delivery brand in Japan and Australia, and the third most popular food delivery brand for consumers in Brazil.
Uber Eats has established a strong market presence in all corners of the world, and has demonstrated its commitment to dominate e-commerce markets in all segments it operates in. Nevertheless, competition remains fierce in the online food delivery arena, and the company needs to stay on top of its game to address upcoming industry challenges that include – but are not limited to – achieving long-term profitability.
Competition drives innovation (and acquisitions) in the U.S. market
Headquartered in San Francisco, California, Uber Eats is a key player in the food delivery market in the United States. In 2023, it ranked as the second most downloaded food delivery app in the country, garnering over eleven million downloads that year.After its bid to acquire major competitor Grubhub failed, Uber Eats announced its acquisition of Postmates in late 2020 in an effort to increase its reach in the U.S. market. A year later, the company announced its acquisition of on-demand alcohol delivery platform Drizly, consolidating its foothold in the food and beverage e-commerce market in the country. However, in early 2024, Uber Eats decided to shut down Drizly, incorporating alcohol and beverage sales in the Uber Eats app instead.
As of March 2024, Uber Eats controlled 23 percent (including subsidiary Postmates) of the online food delivery market in the United States, trailing behind another homegrown champion, DoorDash.
Uber Eats takes over the world
Uber Eats may not be the top food delivery company in its home market, but it certainly achieved this feat on the international level. In terms of revenue, Uber Eats is the leading food delivery company worldwide, outperforming industry leaders with global reach like Delivery Hero and Just Eat Takeaway.com by a significant margin. Looking at consumer reach in specific markets, the Uber Eats brand has quite literally taken over the world.In 2023, Uber Eats was the most downloaded food delivery app in France, ranking second in terms of app downloads in markets like Germany and Spain, and fourth in the United Kingdom. As of March 2024, Uber Eats was the most popular food delivery brand in Japan and Australia, and the third most popular food delivery brand for consumers in Brazil.
Uber Eats has established a strong market presence in all corners of the world, and has demonstrated its commitment to dominate e-commerce markets in all segments it operates in. Nevertheless, competition remains fierce in the online food delivery arena, and the company needs to stay on top of its game to address upcoming industry challenges that include – but are not limited to – achieving long-term profitability.
