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Meal Kit Delivery Services Market Size Reaches $58.78

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New York, USA, January 24, 2023 (GLOBE NEWSWIRE) — Meal Kit Delivery Services Market Overview:

According to a comprehensive research report from Market Research Future (MRFR), Market for meal kit delivery services Information by type of food, portion, distribution channel and region – forecast up to 2030The market will reach USD 58.78 billion by 2030 at a CAGR of 17.7%.

Market overview

Meal Kits are a weekly or monthly subscription service that sends consumers food items and recipes so they can prepare their fresh meals at home. Meal delivery services are services that include the delivery of prepared meals. This idea immediately gained popularity and is expected to continue to do so for the forecast period. Preparing and cooking meals usually takes between 30 and 60 minutes. Most meal kit companies require customers to sign up for the service. The weekly subscription includes a predetermined number of meals for a certain number of people. The meals sent to customers are based on their preference at the start of the subscription and contain products based on the customer’s preference, non-vegetarian or vegetarian.

For the past few decades, only restaurant quality food items such as pizza and Chinese food could be delivered. However, food delivery is a global activity that is expected to grow rapidly over the projected period. The delivery of meal kits has become more popular worldwide thanks to the emergence of attractive, smart driver networks, user-friendly applications and new mobile applications. Convenience is becoming increasingly popular and is expected to rise much further.

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Report scope:

Report attribute Details
Market size in 2030 $58.78 billion
CAGR 17.7%
Base year 2021
Forecast period 2022-2030
Historical data 2020
Prediction Units Value (USD billion)
Report coverage Revenue forecast, competitive landscape, growth drivers and trends
Segments covered By type of food, portion, distribution channel and region
Geographies covered North America, Europe, Asia Pacific and Rest of the World (RoW)
Key market drivers increasing demand for Ready-to-Eat meals
increasing application areas of the meal kit delivery services

Market Competitive Landscape:

Leading Meal Package Delivery Services Market Players:

  • Gousto (UK),
  • Blue Apron, LLC (USA),
  • Purple Carrot (US),
  • Marley Spoon Inc. (Germany),
  • Home Chef (US),
  • PeachDish (US),
  • Sun Basket (USA),
  • ButcherBox (US),
  • HelloFresh (Germany),
  • Plated (USA).

Market USP Covered:

Market Drivers:

Over time, the demand for meal kit delivery services has increased due to millennials’ increasing preference for home-cooked food. These services have an excellent reputation and are widely accepted by young people living and working in other locations. Most consumers think the price of meal kit delivery service is reasonable, and the availability of home-made foods, as well as the time saved, add to the appeal. One of the main drivers of the market’s expansion is the growing demand from millennials for chef-prepared and home-cooked dishes. Generations Y and Z are increasingly embracing and using the delivery service. The advantages of handcrafted meals, which are more nutritious, make consumers prefer the product more economically than takeaway and home delivery services.

These elements have forced companies to offer higher caliber weekly or monthly meal kits. The market for meal kit delivery products is expected to develop due to reasons like ease of use, ease and speed of cooking, less time spent and consideration of food preferences. Elements such as consumer preference for traditional cooking methods, the fresh preparation of food products in some regions of the world and health issues may limit the expansion of the market.

Browse an in-depth market research report (90 pages) on meal kit delivery services:

https://www.marketresearchfuture.com/reports/meal-kit-delivery-services-market-6797

Market restrictions:

Due to the rising rate of meal plan cancellations, the meal kit delivery services market may encounter obstacles while experiencing its potential growth. In addition, meal kits have been discovered to be relatively pricey, and the buyers believe they are getting comparable value for their money. As a result, customers are canceling their subscriptions, which may slow down the growth of the meal kit delivery services market.

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COVID 19 analysis

Due to social segregation norms and lockdowns in several places, the COVID-19 pandemic has disrupted the values ​​and supply chains of numerous companies. However, the market for international meal kit delivery services has seen beneficial effects. Almost all restaurants, hotels and other eateries closed their doors at this time, presenting a huge opportunity to the global market. Due to the global closure of virtually all restaurants, hotels and eateries due to the COVID-19 epidemic, the meal kit delivery market has experienced tremendous growth.

More people than ever are looking for healthy and convenient meal options due to the increased focus on a healthy diet among those who want to boost their immunity and maintain a balanced diet. Consumers emphasize eating a healthy, balanced diet in the current climate to boost their immunity. All actors of the global food and beverage ecosystem including restaurants, retailers, e-tailers and brand owners can combat the pandemic situation and take full advantage of the opportunities based on the current situation by leveraging the meal kit delivery service concepts.

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Market share

By serving, the market includes one, two, and four. By distribution channel, the market includes a store and a non-store. By type of food, the market includes ready-to-eat and ready-to-eat.

Regional insights

By creating greater market value during the study period, the North American meal kit delivery services market is expected to lead the global market. Several reasons, including an increased consumer preference for ready meals and ready meals, the presence of multiple market players in the region and an increase in the number of people working in the region, are the cause of regional market to grow. A large part of the global market is expected to be generated by the European regional market during the study period due to the increasing health awareness among European consumers. Due to the convenience and freshness of the product, the APAC market is expected to experience phenomenal growth in the region. The growing number of consumers has a lack of time in the region.

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On the future of market research:

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