Global Offline Recipe Box Delivery Service Market Overview:
Offline recipe boxes are used to keep a large number of recipes organised over time. This online recipe box app also aids in the creation of grocery lists. It has features such as kitchen timers, large and easy-to-read displays, and offline access, which eliminates the need for connectivity while cooking. Furthermore, the recipes can be quickly sorted, easily shared, and cannot be misplaced or stained. These features and advantages are driving up demand for online recipe boxes. The growing preference for home-cooked and chef-prepared food among millennial is a major factor driving market growth. The delivery service is gaining popularity and acceptance among Generation Y and Z. The increasing preference for the product is driven by the benefits of homemade meals as they are more economical in comparison to takeouts and home delivery services.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Increasing preference for home-cooked and chef-cooked food among millennial is a major factor contributing to the growth of the market
- The Inclination of Consumers towards Healthy Food and High Costs associated with the same is Driving the Market
Roadblocks
- COVID-19 had a huge Impact on Recipe Box Delivery Services due to enforcement of stringent lock-down measures
Opportunities
- Rising Opportunities in Emerging Economics
Challenges
- Availability of Free Applications may hinder the Market Growth
- High Cost of Subscription may hinder the Market Growth
Competitive Landscape:
The demand for Offline Recipe Box Delivery Service is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Blue Apron, LLC, Freshly Inc., HelloFresh and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how offline recipe box delivery service can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Some of the key players profiled in the report are Blue Apron, LLC (United States), Freshly Inc. (United States), HelloFresh (Germany), Home Chef (United States), Hungryroot (United States), Gousto (United Kingdom), Purple Carrot (United States), Fresh n' Lean (United States), QuiToque (France) and Kochhaus (Germany). Additionally, following companies can also be profiled that are part of our coverage like Marley Spoon Inc. (Germany), Gobble (United States) and Sun Basket (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Offline Recipe Box Delivery Service market by 2027. Considering Market by Meal Type , the sub-segment i.e. Vegan will boost the Offline Recipe Box Delivery Service market. Considering Market by Service, the sub-segment i.e. Single will boost the Offline Recipe Box Delivery Service market.
In August 2021, Freshly Inc., had announced the launch its first-ever plant-based prepared meals line - ‘Purely Plant’, including six new meals featuring plant-based proteins made with clean, whole-food ingredients to cater to ongoing demand for variety, taste, nutrition, plant-based meal options and convenience among consumers. Meals can be heated and served in three minutes with no preparation required.
What Can be Explored with the Offline Recipe Box Delivery Service Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Offline Recipe Box Delivery Service Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Offline Recipe Box Delivery Service
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Offline Recipe Box Delivery Service market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Offline Recipe Box Delivery Service market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory Organizations, Corporate Entities and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.