Meal Kit Services Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Meal kit services offer desired meal with ready recipe planning and ingredient sourcing in packaged kits at doorsteps. Meal kits today are highly varied with meal types suited to different customer base such as omnivore, health-conscious, vegetarian, and even customized menu. These meal kits are generally marketed based on the servings for two, four or more persons in the family. Meal kit services enable customers to access a variety of freshly prepared, ready to eat food choices and save cooking time. Besides, the serving count helps in limiting food wastage. Several platforms such as online grocery websites, food delivery apps market their meal kits as convenient services for busy working professionals.
MARKET DYNAMICS
The meal kit services market is anticipated to witness high growth in the forecast period owing to the changing food habits and lifestyle, a growing number of working professionals, rising disposable incomes and their shifting inclination towards convenience meal. Moreover, customization of meal choices with mobile applications and increasing growth in the online food delivery system with improved door-delivery services are other significant drivers pushing the meal kit services market towards growth. However, the market is highly dynamic and prone to fluctuations. Nonetheless, quality, variety, time-saving aspects and healthfulness in meal selections are expected to showcase lucrative opportunities for the major players operating in the meal kit services market during the forecast period.
MARKET SCOPE
The "Global Meal Kit Services Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of meal kit services market with detailed market segmentation by type, application, end user and geography. The global meal kit services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading meal kit services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global meal kit services market is segmented on the basis of meal type and serving. Based on type, the market is segmented as omnivore, regional cuisine, healthy, menu of choice, and others. On the basis of the application the market is segmented as two, four, and more than four.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global meal kit services market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The meal kit services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting meal kit services market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the meal kit services market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global meal kit services market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The meal kit services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting meal kit services market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the meal kit services market in these regions.
The reports cover key developments in the meal kit services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from meal kit services market are anticipated to lucrative growth opportunities in the future with the rising demand for meal kit services in the global market. Below mentioned is the list of few companies engaged in the meal kit services market.
The report also includes the profiles of key meal kit services companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Blue Apron, LLC
- Foodstirs, Inc.
- Good Eggs, Inc.
- Green Chef Corporation
- HelloFresh
- Koninklijke Ahold Delhaize N.V.
- Marley Spoon Inc.
- Purple Carrot
- Sun Basket
- Terra's Kitchen
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Meal Kit Services Market - By Meal Type
1.3.2 Meal Kit Services Market - By Servings
1.3.3 Meal Kit Services Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. MEAL KIT SERVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MEAL KIT SERVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. MEAL KIT SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. MEAL KIT SERVICES - GLOBAL MARKET OVERVIEW
6.2. MEAL KIT SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MEAL KIT SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - MEAL TYPE
7.1. OVERVIEW
7.2. MEAL TYPE MARKET FORECASTS AND ANALYSIS
7.3. OMNIVORE
7.3.1. Overview
7.3.2. Omnivore Market Forecast and Analysis
7.4. REGIONAL CUISINE
7.4.1. Overview
7.4.2. Regional Cuisine Market Forecast and Analysis
7.5. HEALTHY
7.5.1. Overview
7.5.2. Healthy Market Forecast and Analysis
7.6. MENU OF CHOICE
7.6.1. Overview
7.6.2. Menu of Choice Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. MEAL KIT SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - SERVINGS
8.1. OVERVIEW
8.2. SERVINGS MARKET FORECASTS AND ANALYSIS
8.3. TWO
8.3.1. Overview
8.3.2. Two Market Forecast and Analysis
8.4. FOUR
8.4.1. Overview
8.4.2. Four Market Forecast and Analysis
8.5. MORE THAN FOUR
8.5.1. Overview
8.5.2. More than four Market Forecast and Analysis
9. MEAL KIT SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Meal Kit Services Market Overview
9.1.2 North America Meal Kit Services Market Forecasts and Analysis
9.1.3 North America Meal Kit Services Market Forecasts and Analysis - By Meal Type
9.1.4 North America Meal Kit Services Market Forecasts and Analysis - By Servings
9.1.5 North America Meal Kit Services Market Forecasts and Analysis - By Countries
9.1.5.1 United States Meal Kit Services Market
9.1.5.1.1 United States Meal Kit Services Market by Meal Type
9.1.5.1.2 United States Meal Kit Services Market by Servings
9.1.5.2 Canada Meal Kit Services Market
9.1.5.2.1 Canada Meal Kit Services Market by Meal Type
9.1.5.2.2 Canada Meal Kit Services Market by Servings
9.1.5.3 Mexico Meal Kit Services Market
9.1.5.3.1 Mexico Meal Kit Services Market by Meal Type
9.1.5.3.2 Mexico Meal Kit Services Market by Servings
9.2. EUROPE
9.2.1 Europe Meal Kit Services Market Overview
9.2.2 Europe Meal Kit Services Market Forecasts and Analysis
9.2.3 Europe Meal Kit Services Market Forecasts and Analysis - By Meal Type
9.2.4 Europe Meal Kit Services Market Forecasts and Analysis - By Servings
9.2.5 Europe Meal Kit Services Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Meal Kit Services Market
9.2.5.1.1 Germany Meal Kit Services Market by Meal Type
9.2.5.1.2 Germany Meal Kit Services Market by Servings
9.2.5.2 France Meal Kit Services Market
9.2.5.2.1 France Meal Kit Services Market by Meal Type
9.2.5.2.2 France Meal Kit Services Market by Servings
9.2.5.3 Italy Meal Kit Services Market
9.2.5.3.1 Italy Meal Kit Services Market by Meal Type
9.2.5.3.2 Italy Meal Kit Services Market by Servings
9.2.5.4 United Kingdom Meal Kit Services Market
9.2.5.4.1 United Kingdom Meal Kit Services Market by Meal Type
9.2.5.4.2 United Kingdom Meal Kit Services Market by Servings
9.2.5.5 Russia Meal Kit Services Market
9.2.5.5.1 Russia Meal Kit Services Market by Meal Type
9.2.5.5.2 Russia Meal Kit Services Market by Servings
9.2.5.6 Rest of Europe Meal Kit Services Market
9.2.5.6.1 Rest of Europe Meal Kit Services Market by Meal Type
9.2.5.6.2 Rest of Europe Meal Kit Services Market by Servings
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Meal Kit Services Market Overview
9.3.2 Asia-Pacific Meal Kit Services Market Forecasts and Analysis
9.3.3 Asia-Pacific Meal Kit Services Market Forecasts and Analysis - By Meal Type
9.3.4 Asia-Pacific Meal Kit Services Market Forecasts and Analysis - By Servings
9.3.5 Asia-Pacific Meal Kit Services Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Meal Kit Services Market
9.3.5.1.1 Australia Meal Kit Services Market by Meal Type
9.3.5.1.2 Australia Meal Kit Services Market by Servings
9.3.5.2 China Meal Kit Services Market
9.3.5.2.1 China Meal Kit Services Market by Meal Type
9.3.5.2.2 China Meal Kit Services Market by Servings
9.3.5.3 India Meal Kit Services Market
9.3.5.3.1 India Meal Kit Services Market by Meal Type
9.3.5.3.2 India Meal Kit Services Market by Servings
9.3.5.4 Japan Meal Kit Services Market
9.3.5.4.1 Japan Meal Kit Services Market by Meal Type
9.3.5.4.2 Japan Meal Kit Services Market by Servings
9.3.5.5 South Korea Meal Kit Services Market
9.3.5.5.1 South Korea Meal Kit Services Market by Meal Type
9.3.5.5.2 South Korea Meal Kit Services Market by Servings
9.3.5.6 Rest of Asia-Pacific Meal Kit Services Market
9.3.5.6.1 Rest of Asia-Pacific Meal Kit Services Market by Meal Type
9.3.5.6.2 Rest of Asia-Pacific Meal Kit Services Market by Servings
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Meal Kit Services Market Overview
9.4.2 Middle East and Africa Meal Kit Services Market Forecasts and Analysis
9.4.3 Middle East and Africa Meal Kit Services Market Forecasts and Analysis - By Meal Type
9.4.4 Middle East and Africa Meal Kit Services Market Forecasts and Analysis - By Servings
9.4.5 Middle East and Africa Meal Kit Services Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Meal Kit Services Market
9.4.5.1.1 South Africa Meal Kit Services Market by Meal Type
9.4.5.1.2 South Africa Meal Kit Services Market by Servings
9.4.5.2 Saudi Arabia Meal Kit Services Market
9.4.5.2.1 Saudi Arabia Meal Kit Services Market by Meal Type
9.4.5.2.2 Saudi Arabia Meal Kit Services Market by Servings
9.4.5.3 U.A.E Meal Kit Services Market
9.4.5.3.1 U.A.E Meal Kit Services Market by Meal Type
9.4.5.3.2 U.A.E Meal Kit Services Market by Servings
9.4.5.4 Rest of Middle East and Africa Meal Kit Services Market
9.4.5.4.1 Rest of Middle East and Africa Meal Kit Services Market by Meal Type
9.4.5.4.2 Rest of Middle East and Africa Meal Kit Services Market by Servings
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Meal Kit Services Market Overview
9.5.2 South and Central America Meal Kit Services Market Forecasts and Analysis
9.5.3 South and Central America Meal Kit Services Market Forecasts and Analysis - By Meal Type
9.5.4 South and Central America Meal Kit Services Market Forecasts and Analysis - By Servings
9.5.5 South and Central America Meal Kit Services Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Meal Kit Services Market
9.5.5.1.1 Brazil Meal Kit Services Market by Meal Type
9.5.5.1.2 Brazil Meal Kit Services Market by Servings
9.5.5.2 Argentina Meal Kit Services Market
9.5.5.2.1 Argentina Meal Kit Services Market by Meal Type
9.5.5.2.2 Argentina Meal Kit Services Market by Servings
9.5.5.3 Rest of South and Central America Meal Kit Services Market
9.5.5.3.1 Rest of South and Central America Meal Kit Services Market by Meal Type
9.5.5.3.2 Rest of South and Central America Meal Kit Services Market by Servings
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MEAL KIT SERVICES MARKET, KEY COMPANY PROFILES
11.1. BLUE APRON, LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. FOODSTIRS, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GOOD EGGS, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GREEN CHEF CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HELLOFRESH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KONINKLIJKE AHOLD DELHAIZE N.V.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MARLEY SPOON INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PURPLE CARROT
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SUN BASKET
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TERRA’S KITCHEN
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Blue Apron, LLC
2. Foodstirs, Inc.
3. Good Eggs, Inc.
4. Green Chef Corporation
5. HelloFresh
6. Koninklijke Ahold Delhaize N. V.
7. Marley Spoon Inc.
8. Purple Carrot
9. Sun Basket
10. Terra's Kitchen
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.