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Meal Kit Market Share, Size and Growth Report

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.Read Complete Research @ https://introspectivemarketresearch.com/reports/meal-kit-market/

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

About us:

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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