Meal Kit Delivery Services Market Size - Use of Encapsulation Technology Presents Opportunities - MRFR
Meal Kit Delivery Services Market Insights:
A meal kit is a weekly or monthly subscription service that
sends customers recipes and food ingredients to cook their own fresh meal at
home. The services which include delivery of pre-cooked meals are known as meal
delivery services. Demand for meal kit delivery services is driven by rising
urban population, increase in number of working women, and rising number of
people in the middle class bracket in developing countries such as China and
India. Furthermore, due to improved lifestyle in emerging countries, disposable
income of individuals has increased, and people tend to buy meal kit
subscription.
Meal
Kit Delivery Services Market Size is anticipated to reach USD 58.78
billion From 2022 to 2030, the market is anticipated to grow at a CAGR of
17.7%.
Regional Analysis:
North America dominated the meal kit delivery services
market and accounted for the largest revenue share of 46.2% in 2021. Many
consumers purchase these kits in the region to save their time and effort.
In Asia Pacific, the market is expected to witness a CAGR of
18.8% in the market for meal kit delivery services from 2022 to 2030. The
market is expected to witness incredible growth in the region due to the
convenience and freshness of the product. The increasing number of time-poor
consumers in the region has been propelling the demand for these delivery
services in China, Japan and South Korea.
The meal kit delivery services market is expected to expand
at a good growth rate during the forecast period.
Key Players:
Some of the key players in the meal kit delivery services
market include Blue Apron, Just Add Cooking, Ahold USA, Din, Chef’d, Cooking
Simplified, Foodstirs, Gobble, FreshDirect, Green Chef, Green Blender,
HelloFresh, Handpick, Home Chef, Hungryroot, Markey Spoon, Munchery, Plated,
PeachDish, Saffron Fix, Terra’s Kitchen, Pantry.
Market Segmentation:
According to the
Meal Kit Delivery Services Market Overview, the global market has
been segmented on the basis of serving, food type, and distribution channel.
The meal kit delivery services market is segmented on the
basis of channel and region. The market is segmented on the basis of channel
into online and offline. Offline segment of the meal kit delivery services
market is again sub divided into hypermarkets, grocery stores, specialty stores
and others. The meal kit delivery services market is divided into North
America, Europe, Asia Pacific, Middle East & Africa, and South America on
the basis of region. The North America region is sub segmented into the U.S.,
Canada, and Rest of North America. Europe region is divided into the U.K.,
Germany, Italy, France, and Rest of Europe. Asia Pacific region is again sub
segmented into China, India, Japan, and the rest.
Growing demand for healthy food ingredients and the trend of
cooking at home at the global level is expected to expand the scope of cook and
eat meal delivery services over the next few years. Further, for people
suffering from depression, anxiety, or want to maintain brain health, cooking
is a great exercise. Thus, the popularity of cook and eat meal kit delivery
services can be seen among the masses.
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