KFC was founded in 1930 in Kentucky by Colonel Harland Sanders, while McDonald's was founded in 1940 in California by Dick and Mac McDonald. Currently, McDonald's has a larger worldwide market share of fast food at 19% compared to KFC's 9%. McDonald's also has more restaurants globally at 31,000 versus KFC's 11,000. A SWOT analysis identified McDonald's strengths as its higher income and capitalization while KFC's strengths included localization and a larger product portfolio. However, both chains face threats from increasing health concerns around fast food and competition from other restaurants.