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Meal Kit Market by Product, Distribution channel, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 160
  • SKU: IRTNTR40514
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The meal kit market is estimated to grow at a CAGR of 20.32% between 2022 and 2027. The size of the market is forecast to increase by USD 23,737.8 million.The growth of the market depends on serval factors, including cost-effective solutions and availability of diverse choices,customers looking for a convenient option with the advent of a faster lifestyle and the increasing awareness among consumers about the consumption of nutritious and healthy meals.

This report extensively covers market segmentation by product (vegetarian and non-vegetarian), distribution channel (instore and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Meal Kit Market be During the Forecast Period?

Meal Kit Market Size

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Parent Market Analysis

Technavio categorizes the meal kit market as a part of the global packaged foods and meat products market under the global food products segment of the global food, beverage, and tobacco market.

The global packaged foods and meat products market covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and extend shelf life. Technavio calculates the global packaged foods and meat products market size based on the combined revenue generated by the vendors operating in the market. The market does not include manufacturers of food processing equipment. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Meal Kit Market: Key Drivers, Trends, Challenges, and Customer Landscape

Cost-effective solutions and the availability of diverse choices are notably driving the meal kit market growth, although factors such as the preference for home-cooked food may impede the market growth.  Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Meal Kit Market Driver 

Cost-effective solutions and the availability of diverse choices are the key factors driving the global meal kit market growth. As meal kits enhance convenience; consumers do not have to plan for groceries, which, in turn, saves time in preparing food. It also 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 also ensure that the ingredients provided to consumers are fresh and in the appropriate quantity to prepare the meal. This helps single-person households and double-income households to get freshly prepared meals. As many consumers are opting for a faster lifestyle, vendors are providing consumers with subscription options, wherein consumers can sign up for a subscription and indicate their dietary preferences. Once subscribed, the meal kits will be delivered regularly to the consumers without the need to place an order on a daily basis. After subscribing to these plans, consumers can stick to their dietary resolutions more effectively. This will lead to an increase in demand for meal kits during the forecast period.

Key Meal Kit Market Trend

The rise in demand for gluten-free meal kits will fuel the global meal kit market growth. Gluten is a protein present in several types of grains. Owing to the awareness of the health effects of gluten, consumers are increasingly looking for gluten-free food products. Gluten-free food is generally consumed by individuals with gluten-related disorders such as Celiac disease and non-Celiac gluten sensitivity. Celiac disease is an autoimmune disorder that damages the small intestine. In individuals with Celiac disease, the small intestine cannot process gluten that is present in foods such as wheat, rye, and barley. It damages the small intestine lining and disrupts the absorption of nutrients from food. Thus, many food service outlets are offering gluten-free food on their menus to cater to the demands of such customers. For instance, Sun Basket offers gluten-free Korean BBQ chicken lettuce cups with a kimchi meal kit for those who are gluten-sensitive. Such factors will drive market growth during the forecast period.

Key Meal Kit Market Challenge

The preference for home-cooked food is a major challenge to the global meal kit market growth. Consumers are increasingly becoming health-conscious and prefer home-cooked food over food from food service delivery outlets, including meal kits. Home-cooked food has high nutritional value and is fresh and hygienic. The chances of contamination are also less when compared with meal kits. Thus, the preference for and consumption of home-cooked food are increasing. Home-cooked food is more economical than outside food, including that is prepared using meal kits. Also, other benefits like portion control, hygiene, food safety, better control over allergens, cost benefits, and maximum nutrients encourage consumers to opt for home-cooked food. The number of cooking shows and programs on TV and the Internet is also increasing. Many consumers are more likely to watch such cooking programs and try preparing the same dishes at home. This is also a factor that is leading to the increased preference for food prepared at home, thereby hindering the market growth.

Key Meal Kit Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Meal Kit Market Share by Geography

Global Meal Kit Market Customer Landscape

 

Who are the Major Meal Kit Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

albertsonscompanies.com- The company offers meal kits such as Armour LunchMakers' ham and cheese portable meal kits and Campbell's Sauces and oven creamy garlic butter chicken. Also, the company offers grocery products, general merchandise, health and beauty care products, pharmacy products, fuel, and other goods and services.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Albertsons Companies Inc.
  • Bistro MD LLC
  • Blue Apron Holdings Inc.
  • Gobble Inc.
  • HelloFresh SE
  • Koninklijke Ahold Delhaize NV
  • Marley Spoon AG
  • My Food Bag Ltd.
  • Nestle SA
  • NH Foods Ltd.
  • Oisix ra daichi Inc
  • Riverford Organic Farmers Ltd.
  • Siam Food Services Ltd.
  • SimplyCook Ltd.
  • Sun Basket Inc.

 

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Meal Kit Market?

The market share growth by the vegetarian segment will be significant during the forecast period. Vegetarian meal kit delivery services are expected to grow because the global meal kit market is experiencing a significant shift from non-vegetarian meals to vegetarian or vegan meal kits, especially in countries such as the US, the UK, and Germany. In the US, consumers are adopting a vegan diet, due to which an increasing number of vendors are offering vegan meal kits as per consumer needs and taste preferences. This is because consumers in the US are slowly becoming aware of the harmful health effects of animal products. Similarly, some consumers in the UK are shifting to a vegan or vegetarian diet.

Meal Kit Market Size

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The market share growth by the vegetarian segment will be significant during the forecast period. Vegetarian meal kit delivery services are expected to grow because the global meal kit market is experiencing a significant shift from non-vegetarian meals to vegetarian or vegan meal kits, especially in countries such as the US, the UK, and Germany. In the US, consumers are adopting a vegan diet, due to which an increasing number of vendors are offering vegan meal kits as per consumer needs and taste preferences. This is because consumers in the US are slowly becoming aware of the harmful health effects of animal products. Similarly, some consumers in the UK are shifting to a vegan or vegetarian diet.

 

Which are the Key Regions for the Meal Kit Market?

Meal Kit Market Share by Geography

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North America is projected to contribute 54% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Meal kits have changed cooking styles in North America over the years. They have removed the need to plan meals, shop for groceries, and in many cases, prepare ingredients for meals. The competition is high among the vendors in the region; hence, they are increasingly focusing on differentiating their products to gain market share. For instance, Purple Carrot (Three Limes Inc.) offers vegan meal kits and performance meals, especially those recommended for professional athletes. To cater to the demand for gluten-free consumers in the region, SunBasket Inc. offers gluten-free meal kits and kits for those following paleo and vegetarian diets.

(Add Brief Covid Recovery on the Industry)

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, product, distribution channel, and region.

  • Product Outlook ( USD Million, 2017 - 2027)
    • Vegetarian
    • Non-vegetarian
  • Distribution Channel Outlook ( USD Million, 2017 - 2027)
    • Instore
    • Online
  • Region Outlook ( USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Brazil
      • Argentina
      • Chile
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Meal Kit Market Scope

Report Coverage

Details

Page number

160

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 20.32%

Market growth 2023-2027

$ 23737.8 million

Market structure

Fragmented

YoY growth (%)

19.56

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 54%

Key countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Albertsons Companies Inc., Bistro MD LLC, Blue Apron Holdings Inc., Gobble Inc., HelloFresh SE, Koninklijke Ahold Delhaize NV, Marley Spoon AG, My Food Bag Ltd., Nestle SA, NH Foods Ltd., Oisix ra daichi Inc, Riverford Organic Farmers Ltd., Siam Food Services Ltd., SimplyCook Ltd., Sun Basket Inc., The Kroger Co., Tyson Foods Inc., William Jackson Food Group, and Woop Ltd.

Market dynamics

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

Customization purview

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What are the Key Data Covered in this Meal Kit Market Report?

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the meal kit market  size and its contribution of the market in focus to the parent market.
  • Accurate predictions about upcoming trends and changes in consumer behavior.
  • Growth of the market industry across North America, Europe, APAC, South America, and Middle East and Africa.
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors.
  • Comprehensive analysis of factors that will challenge the growth of meal kit market vendors.

 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global meal kit market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global meal kit market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)
    • 4.4 Region Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Region Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Vegetarian - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Vegetarian - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Vegetarian - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Vegetarian - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Vegetarian - Year-over-year growth 2022-2027 (%)
    • 6.4 Non-vegetarian - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Non-vegetarian - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Non-vegetarian - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Non-vegetarian - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Non-vegetarian - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ million)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 45: Chart on Comparison by Distribution Channel
      • Exhibit 46: Data Table on Comparison by Distribution Channel
    • 7.3 Instore - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Instore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Instore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Instore - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Instore - Year-over-year growth 2022-2027 (%)
    • 7.4 Online - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 55: Market opportunity by Distribution Channel ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 UK - Market size and forecast 2022-2027
      • Exhibit 85: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 Albertsons Companies Inc.
              • Exhibit 108: Albertsons Companies Inc. - Overview
              • Exhibit 109: Albertsons Companies Inc. - Product / Service
              • Exhibit 110: Albertsons Companies Inc. - Key offerings
            • 12.4 Bistro MD LLC
              • Exhibit 111: Bistro MD LLC - Overview
              • Exhibit 112: Bistro MD LLC - Product / Service
              • Exhibit 113: Bistro MD LLC - Key offerings
            • 12.5 Blue Apron Holdings Inc.
              • Exhibit 114: Blue Apron Holdings Inc. - Overview
              • Exhibit 115: Blue Apron Holdings Inc. - Product / Service
              • Exhibit 116: Blue Apron Holdings Inc. - Key offerings
            • 12.6 Gobble Inc.
              • Exhibit 117: Gobble Inc. - Overview
              • Exhibit 118: Gobble Inc. - Product / Service
              • Exhibit 119: Gobble Inc. - Key offerings
            • 12.7 HelloFresh SE
              • Exhibit 120: HelloFresh SE - Overview
              • Exhibit 121: HelloFresh SE - Business segments
              • Exhibit 122: HelloFresh SE - Key news
              • Exhibit 123: HelloFresh SE - Key offerings
              • Exhibit 124: HelloFresh SE - Segment focus
            • 12.8 Koninklijke Ahold Delhaize NV
              • Exhibit 125: Koninklijke Ahold Delhaize NV - Overview
              • Exhibit 126: Koninklijke Ahold Delhaize NV - Business segments
              • Exhibit 127: Koninklijke Ahold Delhaize NV - Key news
              • Exhibit 128: Koninklijke Ahold Delhaize NV - Key offerings
              • Exhibit 129: Koninklijke Ahold Delhaize NV - Segment focus
            • 12.9 Marley Spoon AG
              • Exhibit 130: Marley Spoon AG - Overview
              • Exhibit 131: Marley Spoon AG - Business segments
              • Exhibit 132: Marley Spoon AG - Key offerings
              • Exhibit 133: Marley Spoon AG - Segment focus
            • 12.10 My Food Bag Ltd.
              • Exhibit 134: My Food Bag Ltd. - Overview
              • Exhibit 135: My Food Bag Ltd. - Product / Service
              • Exhibit 136: My Food Bag Ltd. - Key offerings
            • 12.11 Nestle SA
              • Exhibit 137: Nestle SA - Overview
              • Exhibit 138: Nestle SA - Business segments
              • Exhibit 139: Nestle SA - Key news
              • Exhibit 140: Nestle SA - Key offerings
              • Exhibit 141: Nestle SA - Segment focus
            • 12.12 NH Foods Ltd.
              • Exhibit 142: NH Foods Ltd. - Overview
              • Exhibit 143: NH Foods Ltd. - Business segments
              • Exhibit 144: NH Foods Ltd. - Key offerings
              • Exhibit 145: NH Foods Ltd. - Segment focus
            • 12.13 Oisix ra daichi Inc
              • Exhibit 146: Oisix ra daichi Inc - Overview
              • Exhibit 147: Oisix ra daichi Inc - Business segments
              • Exhibit 148: Oisix ra daichi Inc - Key offerings
              • Exhibit 149: Oisix ra daichi Inc - Segment focus
            • 12.14 Riverford Organic Farmers Ltd.
              • Exhibit 150: Riverford Organic Farmers Ltd. - Overview
              • Exhibit 151: Riverford Organic Farmers Ltd. - Product / Service
              • Exhibit 152: Riverford Organic Farmers Ltd. - Key offerings
            • 12.15 Siam Food Services Ltd.
              • Exhibit 153: Siam Food Services Ltd. - Overview
              • Exhibit 154: Siam Food Services Ltd. - Product / Service
              • Exhibit 155: Siam Food Services Ltd. - Key offerings
            • 12.16 SimplyCook Ltd.
              • Exhibit 156: SimplyCook Ltd. - Overview
              • Exhibit 157: SimplyCook Ltd. - Product / Service
              • Exhibit 158: SimplyCook Ltd. - Key offerings
            • 12.17 Sun Basket Inc.
              • Exhibit 159: Sun Basket Inc. - Overview
              • Exhibit 160: Sun Basket Inc. - Product / Service
              • Exhibit 161: Sun Basket Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 162: Inclusions checklist
                • Exhibit 163: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 164: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 165: Research methodology
                • Exhibit 166: Validation techniques employed for market sizing
                • Exhibit 167: Information sources
              • 13.5 List of abbreviations
                • Exhibit 168: List of abbreviations
              • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

                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
                Technavio

                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
                Technavio

                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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                Meal Kit Delivery Services market growth will increase by $11128.15 million during 2020-2025.
                The meal kit delivery services market is expected to grow at a CAGR of 11.25% during 2020-2025.
                Technavio has segmented the meal kit delivery services market by product (Vegetarian and Non-vegetarian) and geographic (North America, Europe, APAC, South America, and MEA).
                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 are a few of the key vendors in the meal kit delivery services market.
                North America will register the highest growth rate of 53.68% among the other regions. Therefore, the meal kit delivery services market in North America 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:
                • Cost-effective solution and availability of diverse choices
                • customers looking for a convenient option with the advent of a faster lifestyle
                The meal kit delivery services market vendors should focus on grabbing business opportunities from the vegetarian segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
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