- Report ID: BMRC 1173 | Number of pages: 200 | Publish Date: May 2020
Status: Published | Category: Food And Beverage | Delivery Timeline:
Meal Kit Market: Global Size, Trends, Competitive, Historical &Forecast Analysis, 2020-2026. Growing awareness among consumers on health is driving the Meal Kit market
Scope of Global Meal Kit Market Reports –.
A meal kit can be defined as a subscription based foodservice business model where a company delivers proportioned and sometimes partially prepared food ingredients and recipes to the customers so that they can prepare home cook food. And the services who send pre-cooked meals are known as meal delivery services. This service is promoted as personalized food & beverage industry that is becoming trend for urban population.
Some Top key players for Meal kit Market are ,
Global meal kit market report is segmented on the basis of product type, distribution channel, application and by regional & country level. Based on type, global meal kit market is classified as full kit, starter kit and quick kit. Based upon distribution channel, global meal kit market is classified into online and in store. Based upon application, global meal kit market is classified into vegetarian-kit and non-vegetarian kit.
The regions covered in this meal kit market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of clinical decision support system is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Meal Kit Market Reports-
Some major key players for global meal kit market are Amazon Meal Kit, Blue Apron, Chefs Menu, Fit Foods Club, Fresh Prep, Fuud Canada, Global Belly, Goodness Me, Gousto, Green Chef, Gym Food Australia, HelloFresh, Home Chef, Homemade, Kroger Prep and others.
Meal Kit Market Dynamics –
Rise in urban population, popularity of gluten free diet among consumers and shift in food service behavior as well as innovation is driving the meal kit market. The convenience of having cooked food at home without consuming much time is helping the market to grow mainly in urban regions. For instance, most meal kits take only 30 minutes to 1 hour to prepare and cook which is very convenient for bachelor working employees and price ranges from USD 8- 14 per person per meal and there are subscription format in which customer can select number of meals per weak as well as number of portions. The companies compete among themselves on quality of service, features of service such as different menu for vegetarian and meat, while some are proficient in certain diet plans, for example Paelo meals and others who offer kits without a subscription. Such versality of service gives freedom to the customers to use this service according to their convenience which helps in the growth of the market. The advantages of the meal kit service such as saving money, readymade variety of meal without stressful shopping, diet diversity is some of the major reasons for the popularity of the meal kit market. In 2017, the meal kit market made $5 billion in sales in USA threatening the grocery market up to some extent, showing the opportunity for the market mainly in developed countries. However, lack of awareness and low penetration in rural areas restrain the growth is restraining the market up to some extent.
Meal Kits are usually utilized as actuators and sensors, and their associated "stimulus" and "response" is depicted in (Table 1). Major advantages of Meal Kit actuators and sensors include high energy density, fast response, compact size, and fewer moving parts. Meal Kits are usually utilized as actuators and sensors, and their associated "stimulus" and "response" is depicted in (Table 1). Major advantages of Meal Kit actuators and sensors include high energy density, fast response, compact size, and fewer moving parts. Meal Kits are usually utilized as actuators and sensors, and their associated "stimulus" and "response" is depicted in (Table 1). Major advantages of Meal Kit actuators and sensors include high energy density, fast response, compact size, and fewer moving parts. Meal Kits are usually utilized as actuators and sensors, and their associated "stimulus" and "response" is depicted in (Table 1). Major advantages of Meal Kit actuators and sensors include high energy density, fast response, compact size, and fewer moving parts.
Meal Kit Market Regional Analysis –
North America is dominating the meal kit market globally with high growth rate due to intense competition among competitors, increasing popularity among consumers as well as market promotion that is being done by the companies. For instance, there are over 150 meal kit firms are present in US with some of the major companies are Hello Fresh, Blue Apron, Sun Basket and Home Chef. Additionally, one in four adults in US purchase meal kit in a year and 70% continue to buy after their first purchase making it a lucrative market to do business. Europe is the second dominating market of meal kit as it is the region from which meal kit service had started, growing health awareness, growing online food purchase and presence of market players. Asia-Pacific is estimated to have high growth rate in meal kit market in coming years due to prevalence of online food delivery market, growing awareness on meal kit among consumers and busy urban life. For instance, Asia account for about 55% market share of global online food delivery market mainly contributed by Chinese consumers, which will also help the meal kit market to expand into this region.
Key Benefits for Global Meal Kit Market Reports–
Global Meal Kit Market report covers in depth historical and forecast analysis.
Global Meal Kit Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Meal Kit Market report helps to identify opportunities in marketplace.
Global Meal Kit Market report covers extensive analysis of emerging trends and competitive landscape.
by Product Type- Full kit, Starter kit, Quick kit
by Distribution channel- Online, In store
by Application- Vegetarian-kit, Non-vegetarian kit
By Regional & Country Analysis
North America, US, Chily, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, South Korea, Japan, India, Southeast Asia, Latin America, Brazil, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Meal Kit Market 2020 by Product Type (Full kit, Starter kit , Quick kit ), by Distribution channel (Online , In store), by Application (Vegetarian-kit , Non-vegetarian kit) Forecast to 2025