Global Meal Kit Delivery Services Market Overview:
Meal Kit Delivery Service is food business model, where the meal kit service provider delivers partially-prepared or wholly prepared food to the customers. The meal kit delivery service is adding its value in the market due to its advantages such as time-saving process, lower cost and it reduces food wastage. Additionally, shifting consumerís preference from home cooking, the rising popularity of meal kit services among the working population and availability of customisation as per the requirement are the major key drivers for the market. However, Intense Competition among established players, Lack of workforce for food delivery is hampering the overall growth of the market. Moreover, the rising number of startups and funding from investors due to innovating ideas can create a new opportunity for the market. Some of the key players profiled in the study are Chef'd (United States), Din Inc (United States), FreshDirect LLC (United States), Gobble (United States), Green Chef (Germany), Handpick (United States), Marley Spoon (Germany), Munchery (United States), Pantry (United States) and Hungryroot (United States).
On the basis of geography, the market of Meal Kit Delivery Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Meal type, the sub-segment i.e. Veg will boost the Meal Kit Delivery Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industrial Verticals, the sub-segment i.e. Household will boost the Meal Kit Delivery Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Urban Population
- Increase in the Number of Working Women
- Convenience and Easy Accessibility
- Technological Innovations In Freezing & Packaging Of Ready To Eat Snacks
- Innovative Products In Functional Ingredients, Convenience, And Organic Foods
- Growing Disposable Income And Changing Lifestyle In Developing Nations
- Compliance With Quality and Regulatory Standards
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Target Audience:Meal Kit Delivery Manufacturers, Meal Kit Delivery Distributors/Traders/Wholesalers, Meal Kit Delivery Subcomponent Manufacturers, Industry Association, Downstream Vendors and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Meal Kit Delivery Services market on the basis of product [Ready-to-eat Food and Reprocessed Food] , application [Personal Meal Kits and Family Meal Kits], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Meal Kit Delivery Services market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Meal Kit Delivery Services industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Just Add Cooking (United States), Front Porch Pantry (United States), The Purple Carrot (United States), Sun Basket (United States), Terra's Kitchen (United States) and Tyson Foods (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Meal Kit Delivery Services market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.