Meal Kit Delivery Services Market | Key Growth Factors, Business Outlook, and Trends up to 2029
Save 30% on All Global Market Reports With Code ONLINE30 – Gain Insights Into Tariffs, Inflation, and Industry Trends
What Are the Long-Term Growth Opportunities and Market Size Outlook for the Meal Kit Delivery Services Market?
The meal kit delivery services market size has grown rapidly in recent years. It will grow from $26.22 billion in 2024 to $31.13 billion in 2025 at a compound annual growth rate (CAGR) of 18.7%. The growth in the historic period can be attributed to increase in the demand for healthy food, the adoption of eco-friendly packaging materials, the increased preference of consumers for online ordering, economic growth, and the increasing appeal of online grocery shopping.
The meal kit delivery services market size is expected to see rapid growth in the next few years. It will grow to $61.79 billion in 2029 at a compound annual growth rate (CAGR) of 18.7%. The growth in the forecast period can be attributed to the growing use of packaged meals, increased customization options, rising preference for healthy foods, increasing preference of consumers for online ordering, and rising ready-to-cook food. Major trends in the forecast period include technological innovations, innovation in packaging, integration of AI and machine learning, tech integration and meal planning tools, and innovative products and technologies.
Claim your free report sample now:
Meal Kit Delivery Services Market 2025
What Are the Top Drivers and Growth Contributors in the Meal Kit Delivery Services Market?
The rising preference for healthy foods is expected to propel the growth of the meal kit delivery service market going forward. Healthy foods are those that provide essential nutrients to support overall health and well-being while also promoting optimal physical and mental functioning. The preference for healthy foods is increasing due to the growing wellness movement, the emphasis on preventative healthcare, and rising health consciousness. Meal kit delivery services promote consumers' preference for healthy foods by bridging the gap between convenience and health, making it easier for people to adopt and maintain healthier eating habits. For instance, in July 2022, according to the 2022 Food and Health Survey among 1,005 Americans ages 18 to 80 by The International Food Information Council (IFIC), a US-based nonprofit organization in the food and beverage sector, in 2022, 52% of Americans followed a specific diet or eating pattern, up from 39% in 2021. Further, the top choices were clean eating (16%), mindful eating (14%), and calorie counting (13%). Therefore, the rising preference for healthy foods is driving the growth of the meal kit delivery service market.
Which Are the Leading Segments in the Meal Kit Delivery Services Market by Revenue?
The meal kit delivery servicesmarket covered in this report is segmented –
1) By Type: Ready-To-Cook, Ready-To-Eat
2) By Meal Type: Non-Vegetarian, Vegetarian, Vegan
3) By Distribution: Store, Non-Store
4) By Application: Household, Office, Other Applications
Subsegments:
1) By Ready-To-Cook: Vegetarian Meal Kits, Non-Vegetarian Meal Kits, Vegan Meal Kits, Gluten-Free Meal Kits
2) By Ready-To-Eat: Pre-Cooked Meal Kits, Fully Prepared Meal Kits
Which Trends Are Expected to Redefine the Meal Kit Delivery Services Market Landscape?
Major companies operating in the meal kit delivery services market are focused on developing innovative platforms, such as fleet delivery services, to strengthen their position in the market. Fleet delivery services refer to using a group of vehicles, typically owned or leased by a company, to transport goods, products, or services from one location to another. For instance, in November 2023, Hellofresh Private Limited., a Germany-based meal delivery service company, introduced the In-House Fleet Delivery Service. The new service features a dedicated fleet with advanced route optimization for timely, efficient deliveries. It aims to improve accuracy, reduce delays, and offer real-time tracking while maintaining freshness and quality with optimal temperature control. The trial gives customers a 30-minute delivery window and simplifies the process for scheduling second deliveries if the first attempt is unsuccessful. Additionally, the new service aligns with HelloFresh's sustainability goals by reducing the need for extra packaging and cutting CO2 emissions by eliminating third-party carriers.
What Are the Top Companies to Watch in the Meal Kit Delivery Services Market?
Major companies operating in the meal kit delivery services market are HelloFresh SE, Plated, ButcherBox OpCo LLC, Home Chef Coop Private Limited, Blue Apron Holdings Inc., Sun Basket, Gousto, Riverford Organic Veg Box Delivery, Daily Harvest Inc., ABEL and COLE LIMITED., Dinnerly, Sakara Life, Mindful Chef, Territory Foods, Allplants Ltd., Diet-To-Go, Gobble Inc., Purple Carrot, Chefmarket, Fresh Fitness Food Limited, Marley Spoon Inc., Snap Kitchen LLC, Zitronengras Kochhaus GmbH, Middagsfrid, PeachDish
Get the full meal kit delivery services market report here:
https://www.thebusinessresearchcompany.com/report/meal-kit-delivery-services-global-market-report
What Are the Regional Market Share Projections for the Meal Kit Delivery Services Market?
North America was the largest region in the meal kit delivery services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the meal kit delivery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
#Contact Us:#
The Business Research Company: Market Research Reports
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: info@tbrc.info
#Follow Us On:#
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Comments
Post a Comment