Industry Background:
Meal Kit Delivery Service is food business model, where the meal kit service provider delivers partially-prepared or wholly prepared food to the customers. The meal kit delivery service is adding its value in the market due to its advantages such as time-saving process, lower cost and it reduces food wastage. Additionally, shifting consumer’s preference from home cooking, the rising popularity of meal kit services among the working population and availability of customisation as per the requirement are the major key drivers for the market. However, Intense Competition among established players, Lack of workforce for food delivery is hampering the overall growth of the market. Moreover, the rising number of startups and funding from investors due to innovating ideas can create a new opportunity for the market.
According to AMA Research, the market for Meal Kit Delivery Services is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Rising Urban Population
.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | 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 |
The Food Distributors sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Chef'd (United States), Din Inc (United States), FreshDirect LLC (United States), Gobble (United States), Green Chef (Germany), Handpick (United States), Marley Spoon (Germany), Munchery (United States), Pantry (United States) and Hungryroot (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2022 Intelligent Foods, powerhouse food manufacturer of healthy meal and supplement solutions, announced the acquisition of popular 15-minute meal kit service Gobble for an undisclosed amount.
In May 2023, Home Chef, the leading meal solutions brand available online and in stores, is launching its new Family Menu, a one-of-a-kind meal kit plan designed specifically for families. The new family-friendly service provides a stress-free cooking routine with convenient, easy-to-make recipes and approachable flavors that everyone at the table will enjoy.The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Influencing Trend:
Technological Innovations In Freezing & Packaging Of Ready To Eat Snacks and Innovative Products In Functional Ingredients, Convenience, And Organic Foods
Market Growth Drivers:
Rising Urban Population, Increase in the Number of Working Women and Convenience and Easy Accessibility
Challenges:
Compliance With Quality and Regulatory Standards
Restraints:
Health-Related Concerns
Opportunities:
Growing Disposable Income And Changing Lifestyle In Developing Nations
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Meal Kit Delivery Services Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Meal Kit Delivery Services Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Meal Kit Delivery Services players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Meal Kit Delivery Services Study Sheds Light on
The Meal Kit Delivery Services Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Meal Kit Delivery Services industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Meal Kit Delivery Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.