The Meal Kit Market was estimated at USD 15.21 Billion in 2021, and is projected to reach USD 46.75 Billion by 2028, growing at a CAGR of 17.4% over the analysis period.
Meal kit is a newly introduced concept in the food and beverages sector, where a customer gets half cooked or fully cooked meal at his doorstep. These services are designed to reduce the troubles of grocery shopping and meal planning, and to recreate the restaurant eating experience at one’s own desired place or home. Meal kits also offer customers with customized food ingredients as per their choice for their family or for the individual use.
Meal kit market research includes a thorough competitor study analysis and SWOT analysis. According to the market study, report covers key players market share and global impression through collaborations, mergers and acquisitions, joint ventures, partnerships, agreements and product launches. The research examines macroeconomic and microeconomic variables that may affect market demand and growth. The research reports covers COVID-19 impact on current market position as well as regional analysis for future growth. The market size, share, production, revenue, production, gross margin, pricing, and market-influencing factors are all covered in research report. The market research report is in-depth examined for the relevant time frame.
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Report Scope:
| Report Attribute | Details |
| Market Size In 2021 | USD 15.21 Billion |
| Market Size in 2028 | USD 46.75 Billion |
| CAGR Growth Rate | 17.4 %. |
| Base Year | 2021 |
| Forecast Period | 2022 to 2028 |
Leading Key Players:
- Sunbasket(San Francisco)
- Home Chef (United States)
- EveryPlate (New York)
- Blue Apron (USA)
- Gobble (San Francisco)
- HelloFresh (German)
- Green Chef (New York)
- Purple Carrot (US)
- Cook it (Canada)
- Plated (USA)
- My Food Bag (New Zealand)
- Home chef (Chicago), and other major players.
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Market Dynamics and Factors:
Drivers:
- Rapid Urbanization and Easy Availability
Restraints:
- High Prices of Meal Kit
Opportunities:
- Expansion in Online Marketplace
Market Segment by Offering:
- Heat & Eat
- Cook & Eat
Market Segment by Serving:
- Single
- Multiple
Market Segment by Platform:
- Online
- Offline
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Market Segment by Meal Type:
- Vegetarian
- Non-vegetarian
Market Segment by Region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development In The Meal Kit Market
In January, 2021, Sunbasket, best known for its meal-kit subscription service, announced that they are broadening their product line and evolving to become “a full-service food delivery company.” The newly revamped service will offer a range of different food items to consumers, from full meals to snacks and pantry staples. Reaching more potential customers, including those who need something more convenient than a full-on meal kit, seems to be at the heart of this transition.
In December, 2020, Franklin Farms, a company that provides meatless meals to customers, entered into a new partnership with Purple Carrot, a plant-based meal kit company. The partnership will allow consumers to enjoy great-tasting meatless meals made with Franklin Farms’ tofu at home. In July 2021, Hello Fresh, a meal kit company, announced its partnership with Fenn Foods. Hello Fresh will be expanding its vegan offerings in Australia by utilizing Fenn Foods’ carbon neutral-certified, plant-based mince as an ingredient in their “Chilli Cin Carne” recipe.
Table of Contents
Chapter 1: Introduction
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Market by Type
Chapter 6: Market by Application
Chapter 7: Market by End-User
Chapter 8: Company Profiles and Competitive Analysis
Chapter 9: Global Market Analysis, Insights and Forecast, 2016-2028
Chapter 10: North America Market Analysis, Insights and Forecast, 2016-2028
Chapter 11: Europe Market Analysis, Insights and Forecast, 2016-2028
Chapter 12: Asia-Pacific Market Analysis, Insights and Forecast, 2016-2028
Chapter 13: Middle East & Africa Market Analysis, Insights and Forecast, 2016-2028
Chapter 14: South America Market Analysis, Insights and Forecast, 2016-2028
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
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Key Benefits of Global Market Research Report:
- Market Segmented by Types, Applications, Regions, and key players
- Potential Market Drivers. restraints, opportunities and challenges in the study
- Recent Key industry news, developments and trends
- Leading Competitive landscape & strategies of industry players
- Research coves market historical, current, and projected market size and share value
- In-depth analysis of market in terms of sales, price, revenue, market share, and growth rate
- Research covers the porter analysis Bargaining Power of Suppliers and consumers, Threats of New Entrants, Substitute Product and Services
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