The "Meal Kit Delivery Services Market Size, Share & Trends Analysis Report by Offering, by Service, by Platform, by Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global meal kit delivery services market size is expected to reach USD 27.33 billion by 2028. It is expected to expand at a CAGR of 13.0% from 2021 to 2028.
The increasing preference for homemade meals among millennials is expected to be a major factor contributing to the growth of the market.
Meal kit delivery service is a great success as it attracts people who want to cook their own food without having to shop for ingredients at the grocery store. These are popular among busy parents, millennials, those juggling multiple jobs, working couples, or people with special diet needs who prefer pre-planned ingredients or meals so that they can quickly prepare meals.
The cook and eat offering segment led the market and accounted for a share of 61.0% in 2020. The growing demand for healthy food ingredients and the trend of cooking at home at the global level are expected to expand the scope of the cook and eat meal delivery service over the next few years.
The single service segment accounted for the largest share of more than 55.0% in 2020. Millennials and Generation Z form the largest consumer groups of these meal kit delivery services. These mostly contain students and professionals living busy lives and are focused on maintaining a healthier lifestyle.
The online platform segment accounted for the largest share of more than 60.0% in 2020. Increasing demand for meal kit delivery services has prompted a large number of local small businesses to provide these delivery services. These kit delivery services often provide local cuisines with which people are well versed. The offline business also includes locally grown vegetables and fruits in the meal kit.
The market is fragmented with the presence of a large number of global and regional players. The players face intense competition, especially from the top players in the market as they have a large consumer base, strong brand recognition, and vast distribution networks.
Meal Kit Delivery Services Market Report Highlights
Asia Pacific is expected to register the fastest CAGR of 14.5% from 2021 to 2028 owing to the increasing number of time-poor consumers in the region.
By offering, the heat and eat segment is expected to register the fastest growth rate of 13.4% from 2021 to 2028.
North America dominated the market by accounting for over 45.0% in 2020 due to the rising demand for a healthier and inexpensive alternative to pre-cooked food items in the region.
The online platform segment held the largest share of more than 60.0% in 2020.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Meal Kit Delivery Services Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Meal Kit Delivery Services Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter's
3.7. Roadmap of Meal Kit Delivery Services Market
3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Meal Kit Delivery Services Market: Offering Estimates & Trend Analysis
5.1. Offering Movement Analysis & Market Share, 2020 & 2028
5.2. Heat & Eat
5.3. Cook & Eat
Chapter 6. Meal Kit Delivery Services Market: Service Estimates & Trend Analysis
6.1. Service Movement Analysis & Market Share, 2020 & 2028
Chapter 7. Meal Kit Delivery Services Market: Platform Estimates & Trend Analysis
7.1. Platform Movement Analysis & Market Share, 2020 & 2028
Chapter 8. Meal kit delivery services Market: Regional Estimates & Trend Analysis
8.1. Regional Movement Analysis & Market Share, 2020 & 2028
Chapter 9. Competitive Analysis
9.1. Key global players, recent developments & their impact on the industry
9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
9.3. Vendor Landscape
9.3.1. Key company market share analysis, 2020
Chapter 10. Company Profiles
Blue Apron, LLC
Green Chef Corporation
Relish Labs LLC (Home Chef)
Marley Spoon Inc.
Fresh n' Lean
Fresh and Easy
Snap Kitchen, LLC
For more information about this report visit https://www.researchandmarkets.com/r/zr6qs
View source version on businesswire.com: https://www.businesswire.com/news/home/20210512005717/en/
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