Meal Kit Market

The Global Meal Kit Market is valued at USD 14.12 Billion in 2021 and is expected to reach USD 36.21 Billion by 2028 with a CAGR of 14.40% over the forecast period.

Meal Kit: Global Size, Trends, Competitive, Historical &Forecast Analysis, 2022-2028. Growing awareness among consumers on health is driving the Meal Kit market

Scope–

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.

Global meal kit market report is segmented on the basis of product type, distribution channel, application and by regional & country level. Based on type, Market is classified as full, starter and quick. Based upon distribution channel, Market is classified into online and in store. Based upon application, Market is classified into vegetarian and non-vegetarian.

Manufacturers-

Some Top key players for Meal kit 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 Prepx

Segmentation –

By Product Type-

• Full kit,
• Starter kit,
• Quick kit

By Distribution channel-

• Online,
• In store

By Application-

• Vegetarian-kit,
• Non-vegetarian kit

By Region

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

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 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.

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% share of global online food delivery mainly contributed by Chinese consumers, which will also help the market to expand into this region.

Report Analysis	Details
Historical data	2016 - 2021
Forecast Period	2022 - 2029
Market Size in 2021:	USD 14.12 Billion
Base year considered	2021
Forecast Period CAGR %:	14.40%
Market Size Expected in 2028:	USD 36.21 Billion
Tables, Charts & Figures:	175
Pages	200
Companies	Amazon Meal, 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.
Segments Covered	By Product Type, By Application, By Distribution Channel
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa