Meal Kit Delivery Services Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR40514
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The meal kit delivery services market share is expected to increase by USD 11.12 billion from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 11.25%.

This meal kit delivery services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (non-vegetarian and vegetarian) and geography (North America, Europe, APAC, South America, and MEA). The meal kit delivery services market report also offers information on several market vendors, including Albertsons Companies Inc., Blue Apron Holdings Inc., HelloFresh SE, Koninklijke Ahold Delhaize NV, Mindful Chef Ltd., Oisix ra daichi Inc., SunBasket Inc., The Kroger Co., Tyson Foods Inc., and William Jackson Food Group among others.

What will the Meal Kit Delivery Services Market Size be in 2021?

Download the Free Report Sample to Unlock the Meal Kit Delivery Services Market Size for 2021 and Other Important Statistics

 

Meal Kit Delivery Services Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The cost-effective solution and availability of diverse choices is notably driving the meal kit delivery services market growth, although factors such as preference for home-cooked food may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the meal kit delivery services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the meal kit delivery services market is the cost-effective solution and availability of diverse choices.
  • Consumers look for convenience in their eating routine, along with sustainably sourced food at affordable prices.
  • At a restaurant, the consumer might end up paying $35 to $40 for two persons, which will include food and tax.
  • The cost of a meal kit for two persons is about $20 to $25, which is around 40% less than eating out.
  • A meal kit is a viable option for consumers who have three to four meals outside daily, as it can be more affordable.
  • Vendors are constantly enhancing their menus and adding new dishes, which gives customers a wide variety of options to choose from.
  • The customers looking for a convenient option with the advent of a faster lifestyle is another major factor supporting the meal kit delivery services market share growth.
  • Meal kit encourages consumers to venture outside of their comfort zones in terms of ingredients and preparation techniques.
  • Vendors ensure that the meal kit provided to the consumers has easy-to-follow recipes, cooking tips, as well as the exact amount of ingredients required to prepare the meal in a convenient, pre-packaged box.
  • Vendors are providing consumers with a subscription option, wherein consumers can sign up for a subscription and indicate their dietary preferences, as many consumers are opting for a faster lifestyle.

This meal kit delivery services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Meal Kit Delivery Services Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Albertsons Companies Inc.
  • Blue Apron Holdings Inc.
  • HelloFresh SE
  • Koninklijke Ahold Delhaize NV
  • Mindful Chef Ltd.
  • Oisix ra daichi Inc.
  • SunBasket Inc.
  • The Kroger Co.
  • Tyson Foods Inc.
  • William Jackson Food Group

 

This statistical study of the meal kit delivery services market encompasses successful business strategies deployed by the key vendors. The meal kit delivery services market is fragmented and the vendors are deploying growth strategies such as acquiring small and regional players to increase their global reach and compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The meal kit delivery services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Meal Kit Delivery Services Market?

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54% of the market’s growth will originate from North America during the forecast period. The US is the key market for meal kit delivery services in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

The growing number of working populations looking for convenient and easy-to-prepare meal options will facilitate the meal kit delivery services market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Meal Kit Delivery Services Market?

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The meal kit delivery services market share growth by the non-vegetarian segment will be significant during the forecast period. One of the major reasons for the growth of non-vegetarian meals among consumers is the growing preference of consumers toward ethnic cuisines. This report provides an accurate prediction of the contribution of all the segments to the growth of the meal kit delivery services market size and actionable market insights on post COVID-19 impact on each segment.

 

Meal Kit Delivery Services Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.25%

Market growth 2021-2025

$ 11.12 billion

Market structure

Fragmented

YoY growth (%)

-18.67

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 54%

Key consumer countries

US, UK, Germany, China, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Albertsons Companies Inc., Blue Apron Holdings Inc., HelloFresh SE, Koninklijke Ahold Delhaize NV, Mindful Chef Ltd., Oisix ra daichi Inc., SunBasket Inc., The Kroger Co., Tyson Foods Inc., and William Jackson Food Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Meal Kit Delivery Services Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive meal kit delivery services market growth during the next five years
  • Precise estimation of the meal kit delivery services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the meal kit delivery services industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of meal kit delivery services market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The meal kit delivery services market growth will increase by $33644.93 million during 2019-2024.
The meal kit delivery services market is expected to grow at a CAGR of 6.39% during 2019-2024.
Technavio has segmented the meal kit delivery services market by product (Pharmaceutical products and Medical devices) and geographic (APAC, North America, Europe, MEA, and South America).
Air Canada, AmerisourceBergen Corp., CEVA Logistics AG, Cold Chain Technologies LLC, Continental Cargo OU, DB Schenker, Deutsche Post AG, FedEx Corp., Kuehne + Nagel International AG, United Parcel Service Inc. are a few of the key vendors in the meal kit delivery services market.
APAC will register the highest growth rate of 37.38% among the other regions. Therefore, the meal kit delivery services market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the meal kit delivery services market growth are:
  • Growing global pharmaceutical sales
  • Growing number of initiatives to promote cold chain logistics
The meal kit delivery services market vendors should focus on grabbing business opportunities from the pharmaceutical products segment as it accounted for the largest market share in the base year.
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