Overview and Scope
Prepared meal delivery refers to the convenient services consisting of meals that can be simply reheated or cooked instantly and consumed with the minimum cooking, cutting, or cleaning required. These services are used to provide prepared meals through a subscription-based business model in which companies send clients ready-to-cook fresh ingredients for home-cooking meals.
Sizing and Forecast
The prepared meal delivery market size has grown rapidly in recent years. It will grow from $13.6 billion in 2023 to $15.65 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to changing work and lifestyle patterns, increasing awareness of healthy eating, rise of urbanization, busy urban professionals and millennials, expansion of online and mobile platforms.
The prepared meal delivery market size is expected to see rapid growth in the next few years. It will grow to $28.26 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to continued emphasis on convenience, focus on customization and personalization, rising health and wellness consciousness, sustainable and ethical food choices, integration of specialty and dietary-specific menus. Major trends in the forecast period include partnerships with local and sustainable suppliers, introduction of quick and convenient meal kits, focus on packaging sustainability and eco-friendly practices, expansion of breakfast and snack options, innovations in meal preparation techniques.
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Segmentation & Regional Insights
The prepared meal delivery market covered in this report is segmented –
1) By Supply: Cook And Eat, Heat And Eat
2) By Service: One, Several
3) By Platform: Online, Offline
North America was the largest region in the prepared meal delivery market in 2023. Asia-Pacific was the second largest market in prepared meal delivery market. The regions covered in the prepared meal delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The major driving factor of the prepared meal delivery market is the preference for junk meals by the working population and students. Junk meals are pre-prepared or packaged foods that are extremely convenient and can be consumed immediately. The meal kit delivery industry has been a big success because it appeals to consumers who want to cook their food without having to go grocery shopping. These are popular with busy parents, millennials, individuals juggling several jobs, working couples, and people with dietary needs who prefer pre-planned items or meals so they can create meals quickly. Hence, preference for junk meals is driving the growth of the prepared meal delivery service market.
Key Industry Players
Major companies operating in the prepared meal delivery market report are HelloFresh SE, EveryPlate, Home Chef, Marley Spoon Inc., Dinnerly, FreshDirect LLC, Hungryroot Inc., Misfits Market Inc., Green Chef Corporation, Sun Basket Inc., Blue Apron Holdings Inc., CookUnity Inc., Trifecta Nutrition Inc., Daily Harvest Inc., Freshly Inc., Snap Kitchen Holdings LLC, Purple Carrot Inc., Gobble Inc., Factor 75 LLC, Diet-To-Go Inc., Hungry Harvest Inc., Fresh n’ Lean LLC, Munchery Inc., PlateJoy Inc., RealEats America Inc., Chef’d LLC, Foodstirs Inc., 1 Potato, Splendid Spoon Inc., PeachDish LLC
The prepared meal delivery market report table of contents includes:
1. Executive Summary
2. Safes And Vaults Market Characteristics
3. Safes And Vaults Market Trends And Strategies
4. Safes And Vaults Market – Macro Economic Scenario
5. Global Safes And Vaults Market Size and Growth
…
32. Global Safes And Vaults Market Competitive Benchmarking
33. Global Safes And Vaults Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Safes And Vaults Market
35.Safes And Vaults Market Future Outlook and Potential Analysis\
36. Appendix
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