Meal Kit Delivery Services Market Scenario
Meal kit delivery services are meant to provide doorstep delivery of meals for a certain period. A new report on the global meal kit delivery services market, published by Market Research Future (MRFR), states that this market could witness growth between 2018 and 2023.
The most important market driving factor for the global Meal Kit Delivery Services Market growth is the rising demand for meal kits among the customers with a busy lifestyle. Consumers who are busy and do not have time to cook food rely on this service. Other global Meal Kit Delivery Services Market drivers include economic growth, increasing purchasing power of consumers, and demand for ready to eat food. However, high cancellation rate of meal subscriptions is the biggest hurdle in the path of global Meal Kit Delivery Services Market growth. Meal kits are expensive and thus many times; customers stop their subscription when the kits (food offered in the kits) do not match the value for the money paid.
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Latest Industry News
- Foraying into the food business, the online retail giant Amazon has started selling Amazon meal kit at Whole Foods. 29 AUG 2019
- Meal kit delivery service Blue Apron is offering Beyond Burger recipes in its weekly menus. 28 AUG 2019
Key Players
Big players in The Global Meal Kit Delivery Services Market include Blue Apron, LLC (the US), Gousto (UK), HelloFresh (Germany), Home Chef (the US), Marley Spoon Inc. (Germany), PeachDish (the US), Plated (the US), Sun Basket (the US), Purple Carrot (the US), ButcherBox (the US)
Market Segmentation
The Global Meal Kit Delivery Services Market segmentation encompasses distribution channel, food type, and serving. MRFR’s take on the market surveys various facets of the market in-depth.
Based on the distribution channel, this market can be segmented into store-based distribution channel and non-store-based distribution channel. Non-store-based distribution channels include online e-commerce platforms.
By food type, the market has been segmented into ready-to-cook and ready-to-eat. In the context of serving, the market has been segmented into one, two, four, and others.
Regional Segmentation
A geographical outlining of The Global Meal Kit Delivery Services Market covers North America, Europe, Asia Pacific, and Rest of the World (RoW).
The North American market is strong due to the presence of many key market players in the USA. Other reasons for market growth in this region include heavy food subsidization, the high purchasing power of consumers, and health-consciousness among Americans. After the USA, Canada and Mexico generate maximum market revenue.
In Europe, the factors helping the market growth include the high purchasing power of consumers and the presence of some key market players. The most powerful country-specific markets in Europe are France, Germany, Italy, Spain, and the UK. An inspection of the remaining countries in Europe featured in this report speculate the huge contribution to market revenue from some other countries in this region.
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In the Asia Pacific region, the market can be strong due to economic growth, and increasing purchasing power of consumers. The remarkable country-specific markets in this region are China, India, and Japan. In this report, Australia and New Zealand have been clubbed into one segment. An assay of the remaining countries in the Asia Pacific region featured in this report calculates huge doles of market revenue from some other countries.
The RoW segment covers South America, Africa, and the Middle East. South America is a decent market due to stable economies, but the purchasing power of people is lower than those in North America. In the Middle East, many agricultural activities are not possible due to climate. Hence, this region can be a huge market for ready to eat food if meal kits are imported. However, cultural reasons like the laws making the consumption of halal meat compulsory can limit market growth. Africa has poor economies, and consumers have low purchasing power. Hence, the market is low in this region, but given the high rate of starvation and scarcity of food in many African countries, the export and distribution of meal kits can create a huge market.
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