Meal Kit Delivery Comprehensive Study by
Industry Background:
A meal kit delivery is a subscription-based service in which a company delivers customers prepared or partially-prepared food ingredients and recipes to cook food at home. The meal kit delivery market is rapidly surging during the COVID-19 pandemic due to people's focus on avoiding going grocery shopping while social distancing. It is one of the growing retail business models in the retail industry. Meal kit delivery bridges the gap between home-cooked meals and dining out has received much attention as one of the growing retail businesses in the past few decades.This growth is primarily driven by Increasing Consumer Focus towards Variety, Taste, and Ease of Cooking .
AttributesDetailsStudy Period2018-2030Base Year2023Forecast Period2024-2030Volume UnitNValue UnitUSD (Million)Customization ScopeAvail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility
The Food Distributors sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Home Chef (United States), Sun basket (United States), Gobble (United States), Green Chef (United States), Blue Apron (United States), Freshly (United States), Martha & Marley Spoon (Germany), Purple Carrot (United States), Hungryroot (United States) and Dinnerly (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 4th October 2021, Sun Basket, a leading healthy meal delivery service, announced a partnership with Instacart, an online grocery platform. The partnership offers its extensive line of Fresh & Ready prepared meals, meal kits, and groceries.Global Meal Kit Delivery is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products and Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Regulatory Insights:
According to The Food and Drug Administration and other government agencies, “Food must be kept at the proper temperature to minimize opportunities for bacteria to multiply; failure to do so is a leading factor in foodborne illness outbreaks.”
Influencing Trend:
Introduction of Meal Kit Delivery Services across the Globe and Growing Popularity of Food Delivery Services
Market Growth Drivers:
Increasing Consumer Focus towards Variety, Taste, and Ease of Cooking and Rising Peoples focus on the Healthy Diet
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Challenges:
Strict Regulations Regarding Plastic Use for Food Packaging and Government Regulations Regarding Food Damaging
Restraints:
Rising awareness about the impact of Food Consumption Choices and Problems with the Consumption of Unhealthy Packaged Foods
Opportunities:
Changing Lifestyle coupled with rising per capita Disposable Income will create Opportunities for Market DemandAMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Meal Kit Delivery Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Meal Kit Delivery Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.The primary interviews and data collected as per the below protocols:? By Designation: C-Level, D-Level, Others? By Company Type: Tier 1, Tier 2, Tier 3Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Meal Kit Delivery players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:- Market Trends- Technological Trends and Innovations- Market Maturity Indicators- Growth Drivers and Constraints- New Entrants into the Market & Entry/Exit Barriers- To Seize Powerful Market Opportunities- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Meal Kit Delivery Study Sheds Light on
— The Meal Kit Delivery Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Meal Kit Delivery industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.— Where Meal Kit Delivery industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.