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Global Meal Kit Delivery Service Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • May 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Meal Kit Delivery Service Market, By Offering (Heat and Eat, Cook and Eat), Service (Single, Multiple), Platform (Online, Offline) – Industry Trends and Forecast to 2029

Meal Kit Delivery Service Market

Market Analysis and Size

In Europe, the first meal kit delivery service launched in 2007. This concept quickly gained popularity, and it is expected to grow rapidly during the forecast period. Meal preparation and cooking time ranges from 30 minutes to an hour on average. Dinner meals from these meal kit delivery services range in price from $8 to $12 per person, per meal. Most meal kit companies require customers to sign up for the service. Every week, the subscription includes a set number of meals for a set number of people. The meals sent to customers are based on their preferences selected at the start of the subscription and include items based on the customer's preference, which is vegetarian or non-vegetarian.

Data Bridge Market Research analyses that the meal kit delivery service market was valued at USD 11.59 billion in 2021 and would reach an estimated value of 30.82 billion by 2029, and is expected to grow at a CAGR of 13.00% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Market Definition

Meal kits are a new concept in the food and beverage industry in which a customer receives a pre-cooked meal or half-cooked food products delivered to their home or desired location on a regular basis. In this case, a customer receives customised food ingredients based on their preferences, either for personal use or for the entire family. Furthermore, these products are delivered to the customer on a regular basis, such as every weekend or every month. This service assists customers in selecting healthy ingredients for a healthy lifestyle throughout the year. It also allows them to avoid the hectic schedule of going to the market and searching for every single food ingredient for their kitchen.

Report Scope and Market Segmentation

Report Metric             

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Offering (Heat and Eat, Cook and Eat), Service (Single, Multiple), Platform (Online, Offline)

Countries Covered

U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Global, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa

Market Players Covered

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

Market Opportunities

  • Increasing consumption of home-made foods
  • Growing busy lifestyle

Meal Kit Delivery Service Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

  • Increasing demand as well as availability of ready to eat meals

The expanding application areas of meal kit delivery services, as well as the increased availability of ready-to-eat meals to their subscribed consumers, are the major factors driving market growth during the assessment period.

  • Rise in the trend of online food delivery services

The ongoing pandemic has increased the demand for online food delivery services. When the global pandemic had a negative impact on restaurants and eateries, the online delivery system stepped in to assist market participants. As a result, market participants are implementing various strategies to improve the meal kit delivery services market trends in the coming years.

Restraints

Due to the rising cancellation rate of meal subscriptions, the Meal Kit Delivery Services Market may face roadblocks to its potential growth. Furthermore, it has been discovered that the meal kits are quite expensive, and the customers believe that the value for the money paid is comparable. As a result, customers are cancelling their subscriptions, which may impede the growth of the Meal Kit Delivery Services Market.

Opportunities

The increasing working population and developed economies influences to meal kit delivery service, home-made food is more economical than eating in a restaurant and it is healthy also, thus this will create ample opportunities for the meal kit delivery service market during the forecast period of 2022 to 2029.

This meal kit delivery service market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the meal kit delivery service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Meal Kit Delivery Service Market

The COVID-19 pandemic has disrupted many industries' value chains and supply chains. The positive impact, on the other hand, has been visible in the global Meal Kit Delivery Services Market. During this time period, almost all eateries, restaurants, and hotels were closed around the world, creating a significant opportunity for the global market. In the current climate, consumers are placing a premium on eating a well-balanced and healthy diet in order to boost their immunity. In this case, meal kit delivery service ideas are a one-stop shop for all global F&B ecosystem players, including restaurants, e-tailers, retailers, and brand owners, to combat the pandemic situation and maximise opportunities based on the current scenario.

Recent Development

  • In 2021, Freshly Inc., had launched its first plant-based prepared meals line named as ‘Purely Plant’, which includes six new meals containing plant-based proteins made with clean, whole-food ingredients to provide to enduring demand for variety, nutrition, taste, plant-based meal options and ease among consumers.

Global Meal Kit Delivery Service Market Scope

The meal kit delivery service market is segmented on the basis of offering, services and platform. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Offering

  • Heat and eat
  • Cook and eat

Services

  • Single
  • Multiple

Platform

  • Online
  • Offline

Meal Kit Delivery Service Market Regional Analysis/Insights

The meal kit delivery service market is analysed and market size insights and trends are provided by country offering, services and platform as referenced above.

The countries covered in the meal kit delivery service market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Global, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.

The North American meal kit delivery service market is expected to dominate the global market by generating a higher market value. Several factors are contributing to regional market growth, including rising consumer preferences for ready-to-eat and ready-to-cook meals, the presence of several market players in the region, and an increase in the region's working population. Furthermore, due to increased health awareness among European consumers, the European regional market is expected to generate a significant Global Market Share during the research period. Furthermore, the Asia-Pacific region, particularly parts of Western Australia, is expected to increase demand for meal kit delivery services.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Meal Kit Delivery Service Market Share Analysis

The meal kit delivery service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to meal kit delivery service market.

Some of the major players operating in the meal kit delivery service market are:

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


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Meal Kit Delivery Service Market is to grow at a CAGR of 8.40% during the forecast by 2029.
The market value for Meal Kit Delivery Service Market is expected USD 99,896.58 million by 2029.
The major players operating in the Meal Kit Delivery Service Market are Gousto (UK), Home Chef (US), PeachDish (US), Sun Basket (US), ButcherBox (US), Blue Apron, LLC (US), Purple Carrot (US), Marley Spoon Inc. (Germany), HelloFresh (Germany), Plated (US).
The major countries covered in the Market are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Global, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.
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