Meal Kit Delivery Service Trends and Forecast
The future of the global meal kit delivery service market looks promising with opportunities in the ready-to-cook and ready-to-eat markets. The global meal kit delivery service market is expected to reach an estimated $25.3 billion by 2030 with a CAGR of 13.6% from 2024 to 2030. The major drivers for this market are growing millennials' desire for chef-prepared and home-cooked meals, growing desire for quick and easy cooking options, as well as, rising need for work-life harmony and the change to busier lives.Meal Kit Delivery Service by Segment
The study includes a forecast for the global meal kit delivery service by food type, delivery model, serving, and region.Meal Kit Delivery Service Market by Food Type [Shipment Analysis by Value from 2018 to 2030]:
- Ready-To-Cook
- Ready-To-Eat
Meal Kit Delivery Service Market by Delivery Model [Shipment Analysis by Value from 2018 to 2030]:
- Subscription-Based
- On-Demand
Meal Kit Delivery Service Market by Serving [Shipment Analysis by Value from 2018 to 2030]:
- Single
- Multiple
Meal Kit Delivery Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Meal Kit Delivery Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies meal kit delivery service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the meal kit delivery service companies profiled in this report include:- Blue Apron
- HelloFresh
- Sun Basket
- Marley Spoon
- Purple Carrot
- Gobble
- Daily Harvest
Meal Kit Delivery Service Market Insights
The publisher forecasts that subscription-based is expected to witness the higher growth over the forecast period due to convenience, predictability, and cost savings, making them attractive to busy individuals and families.North America is expected to witness highest growth over the forecast period due to increased customer preferences for ready-to-eat and ready-to-cook meals, the existence of multiple market participants in the region, and an increase in the region's working population.
Features of the Global Meal Kit Delivery Service Market
- Market Size Estimates: Meal kit delivery service market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Meal kit delivery service market size by food type, delivery model, serving, and region in terms of value ($B).
- Regional Analysis: Meal kit delivery service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different food type, delivery model, serving, and regions for the meal kit delivery service market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the meal kit delivery service market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the meal kit delivery service market size?Answer: The global meal kit delivery service market is expected to reach an estimated $25.3 billion by 2030.
Q2. What is the growth forecast for meal kit delivery service market?
Answer: The global meal kit delivery service market is expected to grow with a CAGR of 13.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the meal kit delivery service market?
Answer: The major drivers for this market are growing millennials' desire for chef-prepared and home-cooked meals, growing desire for quick and easy cooking options, as well as, rising need for work-life harmony and the change to busier lives.
Q4. What are the major segments for meal kit delivery service market?
Answer: The future of the global meal kit delivery service market looks promising with opportunities in the ready-to-cook and ready-to-eat markets.
Q5. Who are the key meal kit delivery service market companies?
Answer: Some of the key meal kit delivery service companies are as follows:
- Blue Apron
- HelloFresh
- Sun Basket
- Marley Spoon
- Purple Carrot
- Gobble
- Daily Harvest
Answer: The publisher forecasts that subscription-based is expected to witness the higher growth over the forecast period due to convenience, predictability, and cost savings, making them attractive to busy individuals and families.
Q7. In meal kit delivery service market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to increased customer preferences for ready-to-eat and ready-to-cook meals, the existence of multiple market participants in the region, and an increase in the region's working population.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the meal kit delivery service market by food type (ready-to-cook and ready-to-eat), delivery model (subscription-based and on-demand), serving (single and multiple), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Meal Kit Delivery Service Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Blue Apron
- HelloFresh
- Sun Basket
- Marley Spoon
- Purple Carrot
- Gobble
- Daily Harvest
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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