What is the global market size of Meal Kit Delivery Service Market?

Global Meal Kit Delivery Services Market size was valued at USD 17.92 billion in 2021 and is poised to grow from USD 20.55 billion in 2022 to USD 53.68 billion by 2030, at a CAGR of 14.70% during the forecast period (2023-2030).

Global Meal Kit Delivery Service Market Size, Share, Growth Analysis, By Offering(Heat & eat and cook & eat), By Service(Single meal kit and multiple meal kit), By Platform(Online and offline), By Business transaction(Business-to-Business, Business-to-Consumer and Consumer-to-Consumer) - Industry Forecast 2024-2031

Report ID: SQMIG25E2045 | Region: Global | Published Date: February, 2024
Pages: 260 | Tables: 110 | Figures: 67

Global Meal Kit Delivery Service Market News

In August 2021, to meet consumer demand for variety, taste, nutrition, plant-based meal options, and convenience, Freshly Inc. introduced its first-ever plant-based prepared meal line, dubbed "Purely Plant,". This line includes six new meals that feature plant-based proteins and are made with clean, whole-food ingredients. Without any preparation, meals may be prepared and served in three minutes.

In October 2021, HELLOFRESH Group acquired Ready-to-East Meal Company, Youfoodz, Factor75, Green Chef, etc. to expand its penetration in the US, the UK, and Australia.

Global Meal Kit Delivery Service Market Report Snapshots

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Meal Kit Delivery Services Market size was valued at USD 17.92 billion in 2019 and is poised to grow from USD 20.55 billion in 2023 to USD 53.68 billion by 2031, at a CAGR of 14.70% during the forecast period (2024-2031).

The market is fragmented into distinct segments due to the existence of numerous international and local competitors. The top players in the industry, who have a sizable consumer base, significant brand awareness, and extensive distribution networks, pose the greatest competition for key businesses. A handful of the players also give customers the option to customise and tweak their meal offerings in order to acquire a competitive advantage. In addition, the players are very interested in increasing their market share through an active acquisition strategy. 'Blue Apron, LLC', 'Freshly Inc.', 'HelloFresh', 'Sun Basket', 'Relish Labs LLC (Home Chef)', 'Gobble', 'Marley Spoon Inc.', 'Purple Carrot', 'Fresh n' Lean', 'Hungryroot'

Shifting preferences towards homemade foods rather than restaurant foods is driving the market growth. The meal kit deliveries have cuisine according to one's taste and preference while maintain the complete ingredients of the foods.

Plant-based meal kits are gaining more preference from consumer across the globe. The meal kit delivery services market has a lot of room to grow given the rising popularity of plant-based diets among people worldwide. Diet-specific meal kits are poised for exponential expansion. Trifecta Nutrition, for instance, sells meal kits designed especially for ketogenic diets. It provides servings for breakfast, lunch, and supper. A meal kit delivery service called BistroMD also provides women with menopause-friendly menus. Such changes encourage remarkable development.

North America had the highest share of the global meal kit delivery service market in 2021 and thereby dominated the market. The delivery meal kits are bought by a lot of customers in this region because they save them time and effort. The product has evolved into a more cost-effective and healthy substitute for pre-cooked meal items offered in restaurants, delivery services, and retail establishments.

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Global Meal Kit Delivery Service Market News

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