What is Food Box Service Market?
Food box service is food business model, where the meal kit service provider delivers partially-prepared food ingredients as well as the recipe to the customers. The food box service is adding its value in the market because of its advantages such as time-saving process, lower cost and it reduces food wastage. The variety of meal delivery program choices offered today is just staggering, including everything from fully prepared meals to gluten-free healthy meals to organic meals to vegetarian plant based meals available and ready to deliver. That means that people with special diets, like vegan gluten-free, vegetarian gluten-free, plain old gluten-free, paleo, low-carb, vegetarian, pescatarian, keto, plant-based, health-conscious and just about anything else can find a box that works for them.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Chef'd, LLC (United States), Gobble (United States), Gousto (United Kingdom), HelloFresh (Germany), Home Chef (United States), Marley Spoon (Germany), PeachDish (United States), Abel & Cole (United Kingdom), Simply Cook (United Kingdom), Riverford (United Kingdom), Mindful Chef (United Kingdom) and Farmison (United Kingdom) |
The market study is being classified by Type (Ready-to-eat Food and Reprocessed Food), by Application (Meal and Baking Products) and major geographies with country level break-up. According to AMA, the Global Food Box Service market is expected to see steady growth rate.
Chef'd, LLC (United States), Gobble (United States), Gousto (United Kingdom), HelloFresh (Germany), Home Chef (United States), Marley Spoon (Germany), PeachDish (United States), Abel & Cole (United Kingdom), Simply Cook (United Kingdom), Riverford (United Kingdom), Mindful Chef (United Kingdom) and Farmison (United Kingdom) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Food Box Service market throughout the forecasted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Food Box Service market by Type, Application and Region.
On the basis of geography, the market of Food Box Service 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand due to Lower cost over Out Eat Food
- Rising Demand Shifting Consumers Preference for Home Cooking
Market Trend
- Rising Popularity of Food Box Services among Working Population and Availability of Customization as per the Requirement
Restraints
- Intense Competition in the Market Due to Presence of Local Players
Opportunities
- Increasing Demand as Food Box Service saves Time and Cost
- An Emergence of New Startups with New Innovations
Key Target Audience
Food Box Service Providers, Food Delivery Companies, Potential Investors and Others