Overview
Meal Kit Delivery Service is the service that has taken off convincingly over the past few years. The concept of the Meal Kit Delivery Service is to serve millions of meals to thousands of customers. These delivery services offer a convenient way for people to cook at home without even having a plan or grocery shopping. In addition to that, the online portals help the consumers to order their meals only by using a simple way of selecting them from the beautiful photos of the already prepared dishes.
The service providers deliver the fresh pre-measured ingredients with the recipes at the doorstep for the cooking of the chef like meals at home. A meal kit is a weekly or monthly subscription service that is sent to the customer’s recipes and the food ingredients to cook their fresh meal at home. The services which include delivery of pre-cooked meals are known as meal delivery services
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The key players covered in this study
Hello Fresh
Abel & Cole
Riverford
Gousto
Quitoque
Kochhaus
Marley Spoon
Middagsfrid
Allerhandebox
Chefmarket
Kochzauber
Fresh Fitness Food
Mindful Chef
Market Segmentation of the Global Meal Kit Delivery Service Market
The Global Meal Kit Delivery Service Market is segmented into different types,
Ready to eat Food – The Ready to eat food products are considerations as the closest alternative to regular food. Ready to eat food can be consumed at any time during breakfast time, lunchtime, or for dinner.
Reprocessed Food – The food that is served to the consumer after the proper treatment and processing of the food is termed as reprocessed food. The Reprocessed Food can be consumed any time during breakfast time, lunchtime, or for dinner.
Major Geographical Regions of Global Meal Kit Delivery Service Market
Based on the region, the Global Market of Meal Kit Delivery Service includes the United States of America, from North America. Germany, France, United Kingdom, Italy, Spain, Poland, and Russia from Europe. China, Japan, South Korea, India, Indonesia, Singapore, Thailand, Malaysia, Philippines, Vietnam, and Australia from Asia-Pacific. Brazil, Mexico, and Colombia from Central & South America. And Turkey, Egypt, South Africa, Saudi Arabia, United Arab Emirates, and GCC Countries from the Middle East & Africa.
Industry Insights
The Meal Kit Delivery Service Market size is said to increase convincingly to 8.94 Billion USD by the year 2025. A Compound Annual Growth Rate (CAGR) of 17.15%, which is more than its projected value for the generation of revenue during its forecast period, is estimated. The Global Meal Kit Delivery Service Market was recorded to be moving on a higher positive side of 2.5 Billion USD in the year 2017, with income more than its forecasted value. In this study, the base year considered is 2017, and 2019 to 2025 has been considered the forecast period to estimate the size of the market for the Global Meal Kit Delivery Service Market.
One of the primary factors that have been a constant source of growth in the Meal Kit Delivery Service is the growing demand for it in developing countries. Continents of North America and Europe have already been the major markets of the growth of the Meal Kit Delivery, whereas the rise in demand for the Meal Kit Delivery in the South Asian Countries is contributing to the growth of the industry.
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