Global Meal Kit Delivery Service Market, By Offering (Heat and Eat and Cook and Eat), Service (Single and Multiple), Platform (Online and Offline) – Industry Trends and Forecast to 2031.
Meal Kit Delivery Service Market Analysis and Size
The meal kit delivery services market has witnessed significant growth in recent years, driven by factors such as changing consumer lifestyles, increasing awareness of healthy eating habits, and the convenience offered by these services. The market has become increasingly competitive, with a growing number of players entering the space to capitalize on the expanding consumer base. Key players such as Blue Apron, HelloFresh, and Home Chef are focusing on innovation, offering a wide range of meal options, including vegetarian, vegan, and gluten-free choices, to cater to diverse dietary preferences. In addition, partnerships with renowned chefs and celebrities, as well as collaborations with popular food brands, have helped these companies enhance their brand image and attract more customers.
The global meal kit delivery service market size was valued at USD 14.80 billion in 2023 and is projected to reach USD 39.34 billion by 2031, with a CAGR of 13.00% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Offering (Heat and Eat and Cook and Eat), Service (Single and Multiple), Platform (Online and Offline)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
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Market Players Covered
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Gousto (U.K.), Home Chef (U.S.), PeachDish (U.S.), Sun Basket (U.S.), ButcherBox (U.S.), Blue Apron LLC (U.S.), Purple Carrot (U.S.), MMM Consumer Brands Inc. (Germany), HelloFresh (Germany), MOONREEF INNOVATIONS LLP (U.S.), Freshly Inc. (U.S.), Relish Labs LLC (Home Chef), (U.S.), Gobble (U.S.), Fresh n' Lean (U.S.), and Hungryroot (U.S.)
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Market Opportunities
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Market Definition
Meal kit delivery services are subscription-based services that deliver pre-portioned ingredients and recipes to customers, allowing them to prepare meals at home without the need for grocery shopping or meal planning. These services typically offer a variety of meal options, including vegetarian, vegan, and dietary-restricted choices, and aim to provide convenient, fresh, and often healthier alternatives to traditional takeout or dining out.
Meal Kit Delivery Service Market Dynamics
Drivers
- Changing Consumer Lifestyles
Changing consumer lifestyles, marked by busier schedules and a greater emphasis on convenience, are driving the demand for meal kit delivery services. These services offer a convenient solution for individuals and families who may not have the time or inclination to plan and prepare meals from scratch. Meal kits cater to the needs of busy consumers by providing pre-portioned ingredients and easy-to-follow recipes, allowing them to enjoy home-cooked meals without the hassle of grocery shopping or meal planning. As more people prioritize convenience in their daily lives, the market for meal kit delivery services is expected to continue to grow.
- Increasing Awareness of Healthy Meals
With increasing awareness of the importance of healthy eating habits, many consumers are seeking out convenient and nutritious meal options. Meal kits offer a convenient way to access fresh, high-quality ingredients and prepare meals that are tailored to individual dietary preferences and health goals. As health-conscious consumers continue to seek out ways to improve their diets, the demand for meal kit delivery services is expected to remain strong. The growing focus on health and wellness is a key driver of the market.
Opportunities
- Customization and Personalization of Meal Kits
Offering personalized meal options and customization features can greatly enhance the customer experience and drive customer loyalty to meal kit delivery services. By allowing customers to choose from a variety of meal options based on their dietary preferences, allergies, or taste preferences, companies can cater to a wider range of consumers and provide a more tailored service. In addition, offering customization features such as the ability to adjust portion sizes or choose add-on items can further create new opportunities in the market, making meal kits more appealing to a broader audience.
- Innovation in Packaging and Sustainability
Developing innovative, sustainable packaging solutions is crucial for meal kit companies looking to differentiate themselves in the market and appeal to environmentally conscious consumers. This can include using recyclable or biodegradable materials for packaging, as well as implementing strategies to reduce food waste. By prioritizing sustainability in their packaging and operations, meal kit companies can not only reduce their environmental impact but also attract consumers who are increasingly concerned about sustainability. Innovative packaging solutions can improve the freshness and shelf life of meal kit ingredients, ensuring a better overall experience for customers and creating opportunities for market growth.
Restraints/Challenges
- Quality and Consistency of Ingredients
With meal kit companies scaling up their operations to meet increasing demand, maintaining high standards for ingredient sourcing, storage, and handling becomes increasingly complex. Factors such as sourcing from multiple suppliers, seasonal availability of certain ingredients, and maintaining freshness during transportation can all impact the quality and consistency of ingredients. Ensuring the quality and consistency of ingredients, as well as the taste and presentation of meals, poses a significant challenge for meal kit companies.
- Competition from Traditional Retailers
Traditional Retailers often have established brand recognition, distribution networks, and economies of scale that can make it difficult for dedicated meal kit companies to compete on price and reach. In addition, traditional retailers and restaurants may have the advantage of offering a wider variety of meal options and the ability to leverage existing customer relationships. Traditional grocery retailers and restaurants entering the meal kit market present a significant challenge for dedicated meal kit companies.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In April 2023, Blue Apron and Dashmart by DoorDash announced an extension of their partnership, enabling the widespread delivery of Blue Apron's Heat & Eat meals in 11 markets, including New York City, through DashMart. This strategic move demonstrates the companies' commitment to expanding their customer base and enhancing product accessibility by leveraging DashMart's platform beyond the successful initial pilot program in Philadelphia
- In January 2022, Home Chef strategically partnered with renowned chef and Skinnytaste founder Gina Homolka to introduce fresh and nutritionally balanced meals to households across the nation. Throughout the collaboration, Home Chef seamlessly integrated three rotating Skinnytaste recipes into its weekly offerings, providing customers with a diverse selection of health-conscious and delectable choices. This aligns with their goal of catering to the demand for convenient and well-balanced meal options
Meal Kit Delivery Service Market Scope
The meal kit delivery service market is segmented on the basis of offering, services, and platform. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
- Heat and eat
- Cook and eat
Services
- Single
- Multiple
Platform
- Online
- Offline
Meal Kit Delivery Service Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by country, offering, services, and platform as referenced above.
The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
North America is expected to dominate the market due to consumers in the region opting for these kits to save time and effort. The product has emerged as a healthier and more cost-effective alternative to pre-cooked food items found in retail stores, delivery services, or restaurants. Moreover, companies such as Blue Apron and Sun Basket have experienced a significant surge in product demand amid the COVID-19 outbreak, as consumers perceive home-cooked meals to be safer.
Asia-Pacific is expected to show significant growth due to the convenience and freshness of the product offerings. The rising population of time-constrained consumers in the region is fueling the demand for Asian meal kit delivery services. China, Japan, and South Korea stand out as the key markets in the region.
The country section of the report also provides individual market-impacting factors and changes in market regulation that affect the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Meal Kit Delivery Service Market Share Analysis
The market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the market.
Some of the major market players operating in the market are:
- Gousto (U.K.)
- Home Chef (U.S.)
- PeachDish (U.S.)
- Sun Basket (U.S.)
- ButcherBox (U.S.)
- Blue Apron LLC (U.S.)
- Purple Carrot (U.S.)
- MMM Consumer Brands Inc. (Germany)
- HelloFresh (Germany)
- MOONREEF INNOVATIONS LLP (U.S.)
- Freshly Inc. (U.S.)
- Relish Labs LLC (Home Chef) (U.S.)
- Gobble (U.S.)
- Fresh n' Lean (U.S.)
- Hungryroot (U.S.)
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