The meal kit delivery services global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Meal Kit Delivery Services Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The meal kit delivery services market size has grown rapidly in recent years. It will grow from $22.05 billion in 2023 to $26.22 billion in 2024 at a compound annual growth rate (CAGR) of 18.9%. The growth in the historic period can be attributed to increase in the demand for healthy food, the adoption of eco-friendly packaging materials, the increased preference of consumers for online ordering, economic growth, and the increasing appeal of online grocery shopping.
The meal kit delivery services market size is expected to see rapid growth in the next few years. It will grow to $53.02 billion in 2028 at a compound annual growth rate (CAGR) of 19.3%. The growth in the forecast period can be attributed to the growing use of packaged meals, increased customization options, rising preference for healthy foods, increasing preference of consumers for online ordering, and rising ready-to-cook food. Major trends in the forecast period include technological innovations, innovation in packaging, integration of AI and machine learning, tech integration and meal planning tools, and innovative products and technologies.
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Scope Of Meal Kit Delivery Services Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Meal Kit Delivery Services Market Overview
Market Drivers –
The rising preference for healthy foods is expected to propel the growth of the meal kit delivery service market going forward. Healthy foods are those that provide essential nutrients to support overall health and well-being while also promoting optimal physical and mental functioning. The preference for healthy foods is increasing due to the growing wellness movement, the emphasis on preventative healthcare, and rising health consciousness. Meal kit delivery services promote consumers’ preference for healthy foods by bridging the gap between convenience and health, making it easier for people to adopt and maintain healthier eating habits. For instance, in July 2022, according to the 2022 Food and Health Survey among 1,005 Americans ages 18 to 80 by The International Food Information Council (IFIC), a US-based nonprofit organization in the food and beverage sector, in 2022, 52% of Americans followed a specific diet or eating pattern, up from 39% in 2021. Further, the top choices were clean eating (16%), mindful eating (14%), and calorie counting (13%). Therefore, the rising preference for healthy foods is driving the growth of the meal kit delivery service market.
Market Trends –
Major companies operating in the meal kit delivery services market are focused on developing innovative platforms, such as fleet delivery services, to strengthen their position in the market. Fleet delivery services refer to using a group of vehicles, typically owned or leased by a company, to transport goods, products, or services from one location to another. For instance, in November 2023, Hellofresh Private Limited., a Germany-based meal delivery service company, introduced the In-House Fleet Delivery Service. The new service features a dedicated fleet with advanced route optimization for timely, efficient deliveries. It aims to improve accuracy, reduce delays, and offer real-time tracking while maintaining freshness and quality with optimal temperature control. The trial gives customers a 30-minute delivery window and simplifies the process for scheduling second deliveries if the first attempt is unsuccessful. Additionally, the new service aligns with HelloFresh’s sustainability goals by reducing the need for extra packaging and cutting CO₂ emissions by eliminating third-party carriers.
The meal kit delivery services market covered in this report is segmented –
1) By Type: Ready-To-Cook, Ready-To-Eat
2) By Meal Type: Non-Vegetarian, Vegetarian, Vegan
3) By Distribution: Store, Non-Store
4) By Application: Household, Office, Other Applications
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Regional Insights –
North America was the largest region in the meal kit delivery services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the meal kit delivery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the meal kit delivery services market are HelloFresh SE, Plated, ButcherBox OpCo LLC, Home Chef Coop Private Limited, Blue Apron Holdings Inc., Sun Basket, Gousto, Riverford Organic Veg Box Delivery, Daily Harvest Inc., ABEL and COLE LIMITED., Dinnerly, Sakara Life, Mindful Chef, Territory Foods, Allplants Ltd., Diet-To-Go, Gobble Inc., Purple Carrot, Chefmarket, Fresh Fitness Food Limited, Marley Spoon Inc., Snap Kitchen LLC, Zitronengras Kochhaus GmbH, Middagsfrid, PeachDish
Table of Contents
1. Executive Summary
2. Meal Kit Delivery Services Market Report Structure
3. Meal Kit Delivery Services Market Trends And Strategies
4. Meal Kit Delivery Services Market – Macro Economic Scenario
5. Global Meal Kit Delivery Services Market Size and Growth
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32. Global Meal Kit Delivery Services Market Competitive Benchmarking
33. Global Meal Kit Delivery Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Meal Kit Delivery Services Market
35. Meal Kit Delivery Services Market Future Outlook and Potential Analysis
36. Appendix
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