Meal Kit Market Size to Grow by USD 23737.8 Million From 2022 to 2027, Assessment on Parent Market, Five Forces Analysis, Market Dynamics & Segmentation - Technavio

NEW YORK, Nov. 21, 2022 /PRNewswire/ -- The Global Meal Kit Market share is set to increase by USD 23737.8 million from 2022 to 2027. Moreover, the market's growth momentum will accelerate at a CAGR of 20.32% as per the latest market forecast report by Technavio. The market will also record a 19.56% Y-O-Y growth rate during the forecast period. To know more about the historic market size– Request a Free Sample Report!

Global Meal Kit Market - Parent Market Analysis

Technavio categorizes the global meal kit market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. The global packaged foods and meats products market covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and extend shelf life. Technavio calculates the global packaged foods and meats market size based on combined revenue generated by the vendors operating in the market. 

For more information parent market along with value chain analysis – Grab an Exclusive
sample!

Global Meal Kit Market Characteristics with Five Forces–

The Global Meal Kit Market is fragmented, and the five forces analysis by Technavio gives an accurate vision –

• Bargaining Power of Buyers
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• For information on the impact of the five forces analysis– Click Now!
   

Global Meal Kit Warehouse Market – Customer Landscape  

• The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence. 
• The potential for the customer landscape will be available with Technavio Reports – Buy Now!

Global Meal Kit Warehouse Market - Segmentation Assessment

Geography Segment Overview

Technavio's market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Meal Kit Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Meal Kit Market size and actionable market understandings.

Regional Highlights

• North America is the fastest-growing region in the global meal kit market compared to other regions. 54% of the market's growth will originate from this region. Meal kits have changed their cooking styles in North America over the years. They have removed the need to shop for groceries, plan meals, and prepare ingredients. The competition among vendors is high among vendors in the region. Hence, they are focusing on differentiating their products to gain market share.

Product Segment Overview

• The Global Meal Kit Market as per product segmentation is categorized into Vegetarian and Non-vegetarian.
• Revenue Generating Segment - The meal kit market share growth by the vegetarian segment will be significant during the forecast period. With a significant shift from non-vegetarian meals to vegetarian or vegan meal kits, especially in countries such as the UK, the US, and Germany, vegetarian meal kit delivery services are expected to grow. Many vendors are offering vegan meal kits as per the needs and taste preferences of consumers.

Download a FREE Sample Report that can help you to strategize your sales
revenue - Get it now!

Global Meal Kit Warehouse Market – Market Dynamics

Major Driver Boosting the Market

• Cost-effective solutions and the availability of diverse choices are driving market growth.
• Meal kits provide convenience, which helps consumers save time in preparing food. Vendors ensure that the meal kits have easy-to-follow recipes and cooking tips as well as the exact amount of ingredients. Moreover, the ingredients should be fresh and in the appropriate quantity.
• Some vendors are also providing consumers with subscription options to avoid the need to place an order on a daily basis.
• These factors will lead to an increase in demand for meal kits during the forecast period.

Major trends influencing the growth of the market

• The rise in demand for gluten-free meal kits is a trend in the market.
• Many consumers, especially individuals with gluten-related disorders such as Celiac disease and non-Celiac gluten sensitivity, are increasingly preferring gluten-free food products.
• Many food service outlets are offering gluten-free food on their menus to cater to the demands of customers. For instance, Sun Basket offers gluten-free Korean BBQ chicken lettuce cups with a kimchi meal kit for gluten-sensitive consumers.
• Such factors will support the market growth during the forecast period. 

Major Challenges Interrupting the Market Growth

• The preference for home-cooked food is challenging the market growth.
• Many consumers are becoming health-conscious and prefer home-cooked food, as it is more economical than outside food.
• Home-cooked food also offers other benefits such as hygiene, portion control, food safety, better control over allergens, cost benefits, and maximum nutrients.
• Such factors are expected to hinder market growth.

To know about other factors of market dynamics – Request a Free Sample!

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic)
considering the impact of COVID-19. Technavio's in-depth research has direct and
indirect COVID-19-impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research
reports. 
Technavio's SUBSCRIPTION platform

Meal Kit Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist meal kit market growth during the next five years
• Estimation of the meal kit market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the meal kit market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of meal kit market vendors

Related Reports

• The meal vouchers and employee benefit solutions market is projected to grow by USD 16.69 billion with a CAGR of 4% during the forecast period 2021 to 2026. The market is segmented by application (meal vouchers and employee benefits) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
• The meal vouchers and employee benefit solutions market share in Brazil is projected to grow by USD 5.57 billion with a CAGR of 9.05% during the forecast period 2021 to 2026. The market is driven by the tax benefits of meal vouchers

Browse Consumer Discretionary Market Reports

Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global meal kit market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global meal kit market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.4 Region Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Region Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Vegetarian - Market size and forecast 2022-2027
• Exhibit 34: Chart on Vegetarian - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Vegetarian - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Vegetarian - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Vegetarian - Year-over-year growth 2022-2027 (%)

• 6.4 Non-vegetarian - Market size and forecast 2022-2027
• Exhibit 38: Chart on Non-vegetarian - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Non-vegetarian - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Non-vegetarian - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Non-vegetarian - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 45: Chart on Comparison by Distribution Channel
• Exhibit 46: Data Table on Comparison by Distribution Channel

• 7.3 Instore - Market size and forecast 2022-2027
• Exhibit 47: Chart on Instore - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Instore - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Instore - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Instore - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 55: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 85: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Albertsons Companies Inc. 
• Exhibit 108: Albertsons Companies Inc. - Overview
• Exhibit 109: Albertsons Companies Inc. - Product / Service
• Exhibit 110: Albertsons Companies Inc. - Key offerings

• 12.4 Bistro MD LLC 
• Exhibit 111: Bistro MD LLC - Overview
• Exhibit 112: Bistro MD LLC - Product / Service
• Exhibit 113: Bistro MD LLC - Key offerings

• 12.5 Blue Apron Holdings Inc. 
• Exhibit 114: Blue Apron Holdings Inc. - Overview
• Exhibit 115: Blue Apron Holdings Inc. - Product / Service
• Exhibit 116: Blue Apron Holdings Inc. - Key offerings

• 12.6 Gobble Inc. 
• Exhibit 117: Gobble Inc. - Overview
• Exhibit 118: Gobble Inc. - Product / Service
• Exhibit 119: Gobble Inc. - Key offerings

• 12.7 HelloFresh SE 
• Exhibit 120: HelloFresh SE - Overview
• Exhibit 121: HelloFresh SE - Business segments
• Exhibit 122: HelloFresh SE - Key news
• Exhibit 123: HelloFresh SE - Key offerings
• Exhibit 124: HelloFresh SE - Segment focus

• 12.8 Koninklijke Ahold Delhaize NV 
• Exhibit 125: Koninklijke Ahold Delhaize NV - Overview
• Exhibit 126: Koninklijke Ahold Delhaize NV - Business segments
• Exhibit 127: Koninklijke Ahold Delhaize NV - Key news
• Exhibit 128: Koninklijke Ahold Delhaize NV - Key offerings
• Exhibit 129: Koninklijke Ahold Delhaize NV - Segment focus

• 12.9 Marley Spoon AG 
• Exhibit 130: Marley Spoon AG - Overview
• Exhibit 131: Marley Spoon AG - Business segments
• Exhibit 132: Marley Spoon AG - Key offerings
• Exhibit 133: Marley Spoon AG - Segment focus

• 12.10 My Food Bag Ltd. 
• Exhibit 134: My Food Bag Ltd. - Overview
• Exhibit 135: My Food Bag Ltd. - Product / Service
• Exhibit 136: My Food Bag Ltd. - Key offerings

• 12.11 Nestle SA 
• Exhibit 137: Nestle SA - Overview
• Exhibit 138: Nestle SA - Business segments
• Exhibit 139: Nestle SA - Key news
• Exhibit 140: Nestle SA - Key offerings
• Exhibit 141: Nestle SA - Segment focus

• 12.12 NH Foods Ltd. 
• Exhibit 142: NH Foods Ltd. - Overview
• Exhibit 143: NH Foods Ltd. - Business segments
• Exhibit 144: NH Foods Ltd. - Key offerings
• Exhibit 145: NH Foods Ltd. - Segment focus

• 12.13 Oisix ra daichi Inc 
• Exhibit 146: Oisix ra daichi Inc - Overview
• Exhibit 147: Oisix ra daichi Inc - Business segments
• Exhibit 148: Oisix ra daichi Inc - Key offerings
• Exhibit 149: Oisix ra daichi Inc - Segment focus

• 12.14 Riverford Organic Farmers Ltd. 
• Exhibit 150: Riverford Organic Farmers Ltd. - Overview
• Exhibit 151: Riverford Organic Farmers Ltd. - Product / Service
• Exhibit 152: Riverford Organic Farmers Ltd. - Key offerings

• 12.15 Siam Food Services Ltd. 
• Exhibit 153: Siam Food Services Ltd. - Overview
• Exhibit 154: Siam Food Services Ltd. - Product / Service
• Exhibit 155: Siam Food Services Ltd. - Key offerings

• 12.16 SimplyCook Ltd. 
• Exhibit 156: SimplyCook Ltd. - Overview
• Exhibit 157: SimplyCook Ltd. - Product / Service
• Exhibit 158: SimplyCook Ltd. - Key offerings

• 12.17 Sun Basket Inc. 
• Exhibit 159: Sun Basket Inc. - Overview
• Exhibit 160: Sun Basket Inc. - Product / Service
• Exhibit 161: Sun Basket Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 162: Inclusions checklist
• Exhibit 163: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 164: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 165: Research methodology
• Exhibit 166: Validation techniques employed for market sizing
• Exhibit 167: Information sources

• 13.5 List of abbreviations 
• Exhibit 168: List of abbreviations

About Us 

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Infiniti Research, Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED