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Meal Kit Delivery Service Market Offering (Heat and Eat, Cook and Eat) Service (Single, Multiple) Distributional channel (Online , Offline) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A11366
Pages: NA
Aug 2021 | 80 Views
 
Author(s) : NA
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The meal kit delivery service market is experiencing significant growth in the global market, and anticipated to grow consistently in the coming years. Meal kit delivery service is a subscription service, where a company supply’s to customer pre-cooked integrands to prepare a meal or sometimes cooked meal to the customer depending on their subscription type. This business model has made cooking a less time and energy-intensive task, which helps to work population to prepare more exotic dishes. Increasing consumption of home-made foods and growing busy lifestyle has to influence factors to the growth of the meal kit delivery service market during the forecast period.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Offering, Service, Distributional Channel, and Region.

  Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the Rest of LAMEA)

  Companies covered

Blue Apron, Just Add Cooking, Ahold USA, Din, Cooking Simplified, Foodstirs, Gobble, FreshDirect, Green Chef, Green Blender, HelloFresh, Handpick, Home Chef, Hungryroot, Markey Spoon, Munchery, Plated, PeachDish, Saffron Fix, Terra's Kitchen, Pantry, Sun Basket, Tyson Foods, Martha & Marley Spoon, and BurgaBox.

 

COVID-19 Scenario Analysis:

The massive demand created in meal kit delivery service in the market. Due to worldwide lockdown and people are facing a lack of grocery in the market and concern over home-made food for health benefits. Disrupt the distribution channel system in the market has impacted ineffective service in the meal kit delivery market during the lockdown period.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

  • Shifting consumer preference from restaurant food to home-made food. Due to health-conscious and complete ingredients control according to their taste and preference. This following factor fuels the growth of the meal kit delivery service market in recent years.
  • Increasing working population and developed economies influences to meal kit delivery service, home-made food is more economical than eating in a restaurant and it is healthy also, this factor influence in significant growth in meal kit delivery service market.
  • The service provider has been offering various convenient services such as monthly pay-base foodservice and convenience to order to place service trends to grow the market massively.
  • Improvising service quality through customer feedback, short survey, and service operation by using analytical tools and advancement will be the key market trends during the forecast period.

The global meal kit delivery service trends are as follows:

New Service launches to flourish the market

Leading Service providers have been focusing on their distributional network and provide effective service in terms of quality of food, cost-advantage, and effective service to gain a market advantage over competitors.

Amazon launched Amazon meal-kit or Amazon fresh in the meal kit delivery service market. They portioned for two veg and no-veg meal kit cook within 30 minutes. There are eight meal options and different price patterns that comparatively made significant success in the existing market with a new offering and service.

Regional insights

North America is expected to hold the largest market share of the meal kit delivery service market in terms of revenue growth and value of the market during the forecast period. Growing working population and health-conscious in busy lifestyle trend has picked up significant growth in short-time. The Asia-Pacific is an emerging region for developing economies and changing busy lifestyles. Thus, it is anticipated to increase demand for meal kit delivery service during the forecast period.

Key Segments Covered:

Segments

Sub-segments

  Offering

 

  • Heat and Eat
  • Cook and Eat

  Service

  • Single
  • Multiple

  Distributional channel

  • Online
  • Offline

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the meal kit delivery service along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global meal kit delivery service share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global meal kit delivery service growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global meal kit delivery service analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in Meal Kit Delivery Service Research Report:

  • What are the leading market players active in the meal kit delivery service market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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