Meal Kit Delivery Services Market Size Growing at 13% CAGR to hit USD 24.14 billion by 2027

Market Study Report has added a new report on Meal Kit Delivery Services market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Meal Kit Delivery Services market in tandem with its competitive terrain.

Global Meal Kit Delivery Services Market to reach USD 24.14 billion by 2027. Global Meal Kit Delivery Services Market is valued approximately USD 10.26 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 13.0 % over the forecast period 2021-2027.

Major market player included in this report are:

  • Blue Apron, LLC
  • EveryPlate
  • Freshly INC
  • Gobble
  • HelloFresh
  • Hungryroot
  • Purple Carrot
  • Takeout kit
  • Cook Unity
  • Fresh and Easy

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Meal Kit Delivery Services is a food service model in which company sends customers pre-portioned and sometimes partially-prepared food ingredients and recipes to prepare homecooked meals. Rising demand for homemade meals, consumer behaviors of the two largest generational groups boomers and millennials, growing global pharmaceutical sales, growing number of initiatives to promote cold chain logistics.

There has been an increase in home made meals due to increasing urbanization and working culture in metro cities. For instance, HelloFresh in May posted a 66.4% year-over-year global revenue increase, to $754.8 million, along with an 82.3% U.S. revenue increase. There, its active customer based grew by 88.6% year over year, to 2.64 million, and the number of orders jumped by 82.2%, to 8.95 million.

However, inconsistent user experience and Inadequate food quality impedes the growth of the market over the forecast period of 2021-2027. Also, with the increasing digitalization, the adoption & demand for meal kit delivery services is likely to increase the market growth during the forecast period.

In terms of region, global Meal Kit Delivery Services is divided into regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading region across the world in terms of market share owing to the growing geriatric population and growing urbanization.

Whereas, North America is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as rising disposable income, buying behavior of millennials would create high growth prospects for the Meal Kit Delivery Services market across the region.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Offering:

Heat & Eat

Cook & Eat

By Services:

Single

Multiple

Full Report Summary At: https://www.marketstudyreport.com/reports/global-meal-kit-delivery-services-market-size-research?utm_source=marketwatch.com&utm_medium=AG

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