Meal Kit Market Size to Grow by USD 11.13 Billion | By Product and Geographic Scope and Forecast

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• By Product- The meal kit market share growth by the non-vegetarian segment will be significant during the forecast period. One of the major reasons for the growth of non-vegetarian meals among consumers is the growing preference of consumers toward ethnic cuisines. 
• By Geography- 54% of the market's growth will originate from North America during the forecast period. 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 growing 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.

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• Key Driver- One of the key factors driving growth in the meal kit market is the cost-effective solution and availability of diverse choices. Consumers look for convenience in their eating routine, along with sustainably sourced food at affordable prices. At a restaurant, the consumer might end up paying $35 to $40 for two persons, which will include food and tax. The cost of a meal kit for two persons is about $20 to $25, which is around 40% less than eating out. A meal kit is a viable option for consumers who have three to four meals outside daily, as it can be more affordable. Vendors are constantly enhancing their menus and adding new dishes, which gives customers a wide variety of options to choose from.

• Key Trend- The customers looking for a convenient option with the advent of a faster lifestyle is another major factor supporting the meal kit market share growth. Meal kit encourages consumers to venture outside of their comfort zones in terms of ingredients and preparation techniques. Vendors ensure that the meal kit provided to the consumers has easy-to-follow recipes, cooking tips, as well as the exact amount of ingredients required to prepare the meal in a convenient, pre-packaged box. Vendors are providing consumers with a subscription option, wherein consumers can sign up for a subscription and indicate their dietary preferences, as many consumers are opting for a faster lifestyle.

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The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Albertsons Companies Inc.
• Blue Apron Holdings Inc.
• HelloFresh SE
• Koninklijke Ahold Delhaize NV
• Mindful Chef Ltd.
• Oisix ra daichi Inc.
• SunBasket Inc.
• The Kroger Co.
• Tyson Foods Inc.
• William Jackson Food Group

The meal kit delivery services market is fragmented and the vendors are deploying growth strategies such as acquiring small and regional players to increase their global reach and compete in the market.

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What are the Key Factors Covered in this Meal Kit Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive meal kit market growth during the next five years
• Precise estimation of the meal kit market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the meal kit delivery services industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of meal kit delivery services market vendors

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Fast Casual Restaurants Market in US by Product - Forecast and Analysis 2021-2025: The fast casual restaurants market share in US is expected to increase by USD 28.80 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8%. To get more exclusive research insights: Download Our Sample Report

Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Vegetarian - Market size and forecast 2020-2025
• Non-vegetarian - Market size and forecast 2020-2025
• Market opportunity by Product

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• APAC - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Albertsons Companies Inc.
• Blue Apron Holdings Inc.
• HelloFresh SE
• Koninklijke Ahold Delhaize NV
• Mindful Chef Ltd.
• Oisix ra daichi Inc.
• SunBasket Inc.
• The Kroger Co.
• Tyson Foods Inc.
• William Jackson Food Group

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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