What is Vegan Meal Delivery Services Market?
Vegan meal consist of purely plant based food. Increasing concern regarding meat and seafood consumption and inclination towards plant based food impacting on the demand for vegan meal in positive manner. Consumers have become more aware about animal cruelty and demanding vegan based confectioneries with the high-quality plant based ingredients. Growing demand for organic and rising retail outlets for vegan meal are well known driving factors of the market. Geographically, North America is expected to grow with higher growth rate followed by Europe and Asia Pacific region. Presence of large number of market players across United States and Canada creating hub for vegan meal delivery services in fruitful manner.
The market study is being classified by Type (Platform to Consumer and Restaurant to Consumer), by Application (Residential, Offices, Schools & Collages, Retirement Home, Correctional Facilities, Hospitals & Nursing Homes and Others) and major geographies with country level break-up.
Hungryroot, Inc. (United States), Sunbasket (United States), Sakara Life (United States), Revive Superfoods (Canada), Territory (United States), Urban Remedy (United States), MamaSezz (United States), Purple Carrot (Canada), Epicured (United States), Factor (United States), Green Chef (United States), Trifecta (United States), Veestro (United States), Fresh n' Lean (United Kingdom), HelloFresh (Germany), Daily Harvest (United States), Kale United (Sweden) and Blue Apron (United States) are some of the key players profiled in the study.
Market players are focusing on providing vegan meal delivery services with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified vegan meal delivery services. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Vegan Meal Delivery Services market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Vegan Meal Delivery Services market by Type, Application and Region.
On the basis of geography, the market of Vegan Meal Delivery Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Popularity of Vegan Meal among Fitness Enthusiast
- Increasing Vegan Culture
- Huge Demand for Meal Box Delivery at Working Place
Market Trend
- Rising Convenience of E-Commerce Platforms for Delivery Services
- Increasing Awareness Regarding Natural Food Ingredients and Healthy Lifestyle
Restraints
- Higher Price associated with Delivery Services
- Supply Chain Disruption owing to Covid 19 Pandemic
Opportunities
- Rising Demand for Plant Based Food Products has Created Growth Opportunities for the Market
- Stronger Rise in Online Platforms for Vegan Meals Availability
- Augmenting Demand among Gym Enthusiast and Fitness Conscious People
Challenges
- Side Effects associated with Vegan Meal may impact on its Delivery
- Issues related to the Quality of the Food and Delay in Delivery may harm Demand
Market Leaders and some development strategies
In August 2021, Nestle one of the largest food company has entered into vegan meal delivery services. Company’s meal plan brand ‘Freshly’ has announced six new vegan meals. Freshly is involved in offering purely plant based meals with its excellent delivery services. With this new launch, company is able to offer excellent quicker vegan meal deliveries for healthy lifestyle.
In November 2021, Kale United has acquired plant based meal delivery service provider Enkla Kassen. This acquisition is mainly for expanding companies portfolio of offering vegan meal services along with sustainable business development in vegan food. As Enkla Kassen is one of the leading vegan meal service provider, it further creating growth potential and good opportunities for Kale United in upcoming period.
Key Target Audience
Vegan Meal Delivery Services Providers, Vegan Meal Market Giants & Players, Raw Material Suppliers, Food & Beverage Industrialist, Government Associations, Third Party Investors and New Entrants/Investors