Consumer Demand for Home-Cooked Food Coupled with the Ease of Acquiring Meal Kits is Leading Growth in the Meal Kit Delivery Service Market | Future Market Insights, Inc.

The meal kit delivery service market is poised for significant growth, driven by the increasing demand for home-cooked meals and the convenience of subscription models. With a projected market value of US$ 65,630.6 million by 2033, this market presents a lucrative opportunity for businesses in the food and beverage industry.

NEWARK, Del., Oct. 12, 2023 /PRNewswire/ -- The meal kit delivery service market value is US$ 16,798.1 million in 2023. The market is predicted to grow staggeringly, with a CAGR of 14.6% from 2023 to 2033. The value of the market at the end of the forecast period by 2033 is estimated to be US$ 65,630.6 million.

Get the Sample PDF Summary to obtain an overview of the Comprehensive Research Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15037

There has been a drive for home-cooked meals as consumers seek to control food intake. However, busy lifestyles often combine with consumers' desire for home-cooked meals. Thus, they resort to meal kits, driving the meal kit delivery service market.

The online boom has positively affected the meal kit delivery service market. Consumers can access meal kits from various vendors through online meals. Mobile applications that are fast-developing are reducing the effort required on the part of consumers for meal kit deliveries. Technological advancements such as fast GPS trackers, convenient payment methods, and smart driver networks make meal kit deliveries more attractive to consumers.

Consumers can access various cuisines and food preparations through meal kit delivery services. The type of food delivered by meal kits ranges from everyday eating to premium food. Gourmet meal kits are also seeing an increase in demand.

"With the rising trend of veganism and vegetarianism, vegan and vegetarian meal kits are gaining popularity. Sugar-free, gluten-free, and keto-rich meal kits are also witnessing an increase in demand, providing opportunities in the meal kit delivery service market," says Sneha Varghese (Senior Consultant, Consumer Products & Goods).

Key Takeaways from the Meal Kit Delivery Service Market

• The meal kit delivery service market's size is estimated to be US$ 16,798.1 million in 2023.
• Heat & eat meal kits are the most popular offering in the meal kit delivery service industry. In 2023, the heat & eat meal kits account for 61.3% of the market share by offering type.
• Vegetarian meal kits are experiencing a surge in popularity. In 2023, vegetarian meal kits account for 36.4% of the market share by meal type.
• The pace of progress in Japan is expected to be rapid for the market. The Japanese market is predicted to grow at a CAGR of 9.7% from 2023 to 2033.
• Rapid growth is also anticipated in France. For the forecast period from 2023 to 2033, the market is projected to grow at a CAGR of 9.2% in France.
• The CAGR for Germany and the United Kingdom is predicted to be 8.4% and 7.8% through 2033, respectively.

Buy this report to get detailed Insights into the meal kit delivery services industry across Countries and Regions: https://www.futuremarketinsights.com/checkout/15037

Competition Analysis of the Meal Kit Delivery Service Market

Investments in technology to make the delivery process more convenient is a strategy adopted by players in the market. Well-established brands compete with small-scale and medium-scale players in the market. Some prominent companies in the market include Blue Apron LLC, Hello Fresh Group, Sun Basket, and Relish Labs LLC. 

Recent Developments in the Meal Kit Delivery Service Market

• In October 2023, UK company Wonder Group acquired well-known industry player Blue Apron and entered the meal kit delivery service market.
• In December 2022, Gobble was acquired by Intelligent Foods. Gobble is reputed to provide meal kits that are ready to eat in a short amount of time.
• In November 2020, Factor75 was acquired by market giants HelloFresh. Factor75 has earned a name for supplying plant-based meal kits.

About the Consumer Products Division at Future Market Insights (FMI)

Expert analysis, actionable insights, and strategic recommendations – the consumer products team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs.

With a repertoire of over 1,000 reports and one million+ data points, the team has analyzed the consumer products industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

To get access to the Comprehensive Research Methodology, Request here!

About the Author:

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods. 

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals. 

Explore FMI's Extensive Coverage in Consumer Products Domain

• The antimicrobial wipes market is estimated to be valued at US$ 10.04 billion in 2023 and is expected to reach US$ 27 billion by 2033.
• The pet care market is estimated to be valued at US$ 211.1 billion in 2023 and is expected to total US$ 430 billion by 2033.
• Australia leadership development program market size is anticipated to expand at a CAGR of 8.9% from 2023 to 2033. The market value is projected to increase from US$ 1,549.64 million in 2023 to US$ 3,635.63 million by 2033. It was valued at US$ 1,427.62 million at the end of 2022.
• The bird feeding and water suppliers market could reach US$ 5,229.6 million in 2023 and is projected to surpass US$ 7,815.8 million by 2033, exhibiting a CAGR of 4.1% from 2023 to 2033.
• The aquarium decor market is estimated at US$ 2,648.2 million in 2023 and is projected to reach US$ 4,313.6 million by 2033, at a CAGR of 5.0% from 2023 to 2033.

About Future Market Insights (FMI) 

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Logo: https://mma.prnewswire.com/media/1197648/3531122/FMI_Logo.jpg