Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Saxo Group
Summary: America's food delivery market has boomed in recent years with growth accelerated by the COVID-19 pandemic. The graphic below shows the biggest players in the space and how their market share has changed in recent years. Of note, the market is shifting from an oligopoly, where market control was shared amongst four companies, to more of a duopoly setting between DoorDash and Uber Eats, with the former now dominating with a market share of over 50%.