COVID-19 Impacts Study on Meal Kit Delivery Services Market | CAGR 13.0% | Grand View Research, Inc.

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According to a new report published by Grand View Research, the COVID-19 pandemic has offered a significant opportunity to the market as almost all the restaurants, eateries, and hotels were shut down across the globe.

The global meal kit delivery services market size is expected to reach USD 27.33 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 13.0% from 2021 to 2028. The increasing preference for homemade meals among millennials is expected to be a major factor contributing to the growth of the market.

Meal kit delivery service is a great success as it attracts people who want to cook their own food without having to shop for ingredients at the grocery store. These are popular among busy parents, millennials, those juggling multiple jobs, working couples, or people with special diet needs who prefer pre-planned ingredients or meals so that they can quickly prepare meals.

The cook and eat offering segment led the market and accounted for a share of 61.0% in 2020. The growing demand for healthy food ingredients and the trend of cooking at home at the global level are expected to expand the scope of the cook and eat meal delivery service over the next few years.

The single service segment accounted for the largest share of more than 55.0% in 2020. Millennials and Generation Z form the largest consumer groups of these meal kit delivery services. These mostly contain students and professionals living busy lives and are focused on maintaining a healthier lifestyle.

The online platform segment accounted for the largest share of more than 60.0% in 2020. Increasing demand for meal kit delivery services has prompted a large number of local small businesses to provide these delivery services. These kit delivery services often provide local cuisines with which people are well versed. The offline business also includes locally grown vegetables and fruits in the meal kit.

The market is fragmented with the presence of a large number of global and regional players. The players face intense competition, especially from the top players in the market as they have a large consumer base, strong brand recognition, and vast distribution networks. 

Meal Kit Delivery Services Market Report Highlights

 Asia Pacific is expected to register the fastest CAGR of 14.5% from 2021 to 2028 owing to the increasing number of time-poor consumers in the region

By offering, the heat and eat segment is expected to register the fastest growth rate of 13.4% from 2021 to 2028

North America dominated the market by accounting for over 45.0% in 2020 due to the rising demand for a healthier and inexpensive alternative to pre-cooked food items in the region.

The online platform segment held the largest share of more than 60.0% in 2020.

 

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Meal Kit Delivery Services Market Segmentation

Grand View Research has segmented the global meal kit delivery services market on the basis of offering, service, platform, and region:

Meal Kit Delivery Services Offering Outlook (Revenue, USD Million, 2016 – 2028)    

• Cook & Eat     

• Heat & Eat

Meal Kit Delivery Services Outlook (Revenue, USD Million, 2016 – 2028)    

• Single     

• Multiple

Meal Kit Delivery Services Platform Outlook (Revenue, USD Million, 2016 – 2028)    

• Online     

• Offline

Meal Kit Delivery Services Regional Outlook (Revenue, USD Million, 2016 – 2028)     

North America        

  • The U.S.         

  • Mexico     

• Europe         

  • Germany         

  • The U.K.         

  • France     

• Asia Pacific         

  • China         

  • Japan     

• Central and South America         

  • Brazil     

• Middle East & Africa

List of Key Players of Meal Kit Delivery Services Market     

Blue Apron, LLC     

EveryPlate     

Freshly Inc.     

Gobble     

Green Chef Corporation     

HelloFresh     

Relish Labs LLC (Home Chef)     

Hungryroot     

Marley Spoon Inc.     

Purple Carrot     

Fresh n’ Lean

 

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About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

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