The global demand for Meal Kit Food Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
A meal kit food contains pre-portioned, fully cooked, and sometimes partially-prepared food ingredients and recipes ingredient to prepare homecooked meals. These kits can be borrowed either offline or online subscriptions. Meal kit food offers many benefits, but the main perk is convenience. With this service, one can try new recipes or gourmet meals without spending extra money eating at restaurants. It also saves time by skipping grocery shopping trips or restaurant visit.
The market is experiencing tremendous growth due to a growing working population, high disposable income, and rising penetration of smartphones. Ease of ordering, freshness, recipe accuracy, and many more are contributing to the market growth. The online segment accounted for the majority of share in the meal kit food market. The online subscription model has been cited as an example of the personalization of the food and beverage industry, leading to popular and widespread. Recognizing exciting growth, companies are striving to become a market leader by investing heavily. New players are entering the market to grab the opportunity. The coming year promises to be challenging for meal kit providers due to growing fragmentation.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of meal kit food.
The entire meal kit food market has been sub-categorized into type, distribution channel and product. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Distribution Channel
- Full Kits
- Starter Kits
- Quick Kits
- Vegetarian Kits
- Nonvegetarian Kits
This section covers regional segmentation which accentuates on current and future demand for meal kit food market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Meal Kit Food Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the meal kit food market include Blue Apron LLC, HelloFresh, Marley Spoon Inc., The Kroger Co., Gousto, Relish Labs LLC, Plated, Global Belly, Purple Carrot, Pepper Leaf Pty Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.