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Packaged Facts: Meal Kit Delivery Services Usher in New Era of Culinary Convenience

Sales projected to exceed $1 billion in 2016, expand to multi-billion dollar market over next five years

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News provided by

Packaged Facts

May 16, 2016, 09:38 ET

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ROCKVILLE, Md., May 16, 2016 /PRNewswire/ -- We have officially entered a new era of culinary convenience. Meal kit delivery services are here, they are flourishing, and in the process consumers nationwide have found that answering the age old question "What's for dinner?" has perhaps never been easier.

According to Meal Kit Delivery Services in the U.S., a brand-new report from leading market research publisher Packaged Facts, meal kit delivery services have exploded over the past few years by bridging the space between home-cooked meals and takeout. The services offer people a convenient way to cook at home without having to do the meal planning and grocery shopping. Online portals let consumers order meals ahead from picture menus showing beautiful photos of the finished dish, and the services deliver the pre-measured fresh ingredients along with recipes to their doorstep to help them cook chef-like meals at home.

Based on the number of meal kit delivery services around the country, the current numbers of meal shipments and growth rates claimed by marketers, and the almost certain entry of such services from retailers and food marketers, Packaged Facts conjectures that the U.S. meal kit delivery services market will generate approximately $1.5 billion in sales in 2016 and will grow to a multi-billion market over the next five years.

Despite the positives, the growing presence of meal kit delivery services comes with a caveat for various other segments of the food and beverage industry. Meal kit delivery services have the potential to disrupt both the restaurant industry and the grocery industry because they allow people to cook restaurant-quality meals at home without going out to grocery shop.

"These days, consumers have access to almost everything without leaving their home and—through the power of smartphones—without even speaking to another human being. Rather than worrying whether meal kit delivery services will cut into their business, some grocers and food marketers are taking the bull by the horns and starting their own such services," says David Sprinkle, research director, Packaged.

This first edition report covers online meal kit delivery services, defined as companies that offer and deliver to consumers' doors (or arrange for delivery of) a box or bag of fresh ingredients for one or more meals, along with a step-by-step recipe with photos showing how to cook each meal at home. The everything-in-a-box kits promise convenience by eliminating the need to plan meals, find recipes, and shop for groceries. Ingredients are portioned in just the right quantities for the recipe, and sometimes even prepped (pre-cut, marinated, packaged with pre-cooked sauce components, etc.) to speed and ease consumers' time spent in the kitchen. Excluded from this report are services that deliver completely cooked heat-and-eat meals, and services that deliver frozen foods. For more information or to purchase a copy of Meal Kit Delivery Services in the U.S. visit: http://www.packagedfacts.com/redirect.asp?progid=88688&productid=10037319.

About Packaged Facts – Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer market topics, including consumer demographics and shopper insights, consumer financial products and services, consumer goods and retailing, consumer packaged goods, and pet products and services.  Packaged Facts also offers a full range of custom research services. Reports can be purchased at www.PackagedFacts.com and are also available on www.marketresearch.com and www.profound.com.

For more essential insights from Packaged Facts be sure to follow us on Twitter and Google+. For infographics, tables, charts and other visuals, follow Packaged Facts on Pinterest.

Press Contact:   
Daniel Granderson
240.747.3000   
[email protected]

Logo - http://photos.prnewswire.com/prnh/20150831/262421LOGO

SOURCE Packaged Facts

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