Food & Beverages / Meal Kit Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Blue Apron, HelloFresh, Home Chef, Sun Basket, Plated
Meal Kit Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Blue Apron, HelloFresh, Home Chef, Sun Basket, Plated
Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Meal Kit Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 17.9% during the review period (2022 to 2027).
Meal Kit Market Overview
The growing disposable income among young consumers and lack of time to prepare comprehensive food are helping to grow the Market. Further, reducing food wastage by going eco-friendly and growing the urban population are driving the growth of the market. Furthermore, the regular supply of customized food products, which is not possible by the consumers by themselves, is helping to grow this market at a very high rate in developed and developing countries.
Though, a lack of consciousness among several potential consumers about this new concept is affecting the growth of the market. Moreover, uncertain economic situations and food security are hampering the growth of the Meal Kit Market. The rising awareness about the customized food products delivery at the entrance among millennial consumers through social media and another source of media is predictable to boost the demand for the meal kits shortly.
Industry Developments:
Blue Apron Introduces Seasonal Meal Kits
June 09, 2022: NEW YORK--(BUSINESS WIRE)-- Blue Apron (NYSE: APRN) is now offering limited-time, seasonal meal kits that will be available throughout the year to help bring special occasions to life. The options will include recipe formats that feature ‘best of the season’ proteins, produce and ingredients for a premium and memorable experience. The new category is launching with a Summer Lobster Box, available to order on June 10 with or without a subscription.
Who are the Major Players in Meal Kit Market?
The Foldable Intermediate Bulk Containers (IBC) Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes Blue Apron, HelloFresh, Home Chef, Sun Basket, Plated, AmazonFresh, Veestro, Green Chef, PeachDish and Gobble Inc and others.
What are the major Applications, Types and Regions for Meal Kit Market?
Meal Kit Market is segmented based on the Types , applications, End users, companies and regions.
Global Meal Kit Market, by Types
Regional Cuisine Meal Kit
Health- Conscious Meal Kit
Omnivore Meal Kit
Others
Global Meal Kit Market, by Serving
Two Serving
Family/Four Serving
Others
Meal Kit Market Regional Analysis
54% of the market's growth will originate from North America during the forecast period 2022-2027. The US is the key market for meal kits 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 rising number of working populations looking for convenient and easy-to-prepare meal options will facilitate the meal kit market growth in North America over the forecast period.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our Meal Kit Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 17.9% during the review period (2022 to 2027).
By Types
Regional Cuisine Meal Kit
Health- Conscious Meal Kit
Omnivore Meal Kit
Others
By Serving
Two Serving
Family/Four Serving
Others
By Companies
Blue Apron, HelloFresh, Home Chef, Sun Basket, Plated, AmazonFresh, Veestro, Green Chef, PeachDish and Gobble Inc.
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
125
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this Meal Kit Report
Evaluate Meal Kit market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Meal Kit market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
It further investigates the specifics that are positively impacting the profit graph of this business sphere.
The study also elaborates the critical factors which will augment the commercial terrain of the Meal Kit market.
Frequently Asked Questions
What is the study period of this market?
The Meal Kit Market is studied from 2017 - 2027.
What is the growth rate of Meal Kit Market?
The Meal Kit Market is growing at a CAGR of 17.9% over the next 5 years.
Who are the leading key players in Meal Kit Market?
Blue Apron, HelloFresh, Home Chef, Sun Basket, Plated, AmazonFresh, Veestro, Green Chef, PeachDish and Gobble Inc.
What regions regions does this Meal Kit Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Meal Kit Market?
What are the significant applications of Meal Kit Market?
Two Serving, Family/Four Serving, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.