Meal Kit Delivery Services Market The growth is attributed to Increased Demand for Heat and Eat

According to Precision Business Insights (PBI) latest report, The Meal Kit Delivery Services market is expected to be worth USD 12,645.7 million in 2022, growing at an 7.3% CAGR from 2022 to 2028. The meal kit delivery services market is expected to rise quickly. In developing nations like China and India, expanding urban populations, rising numbers of working women, and rising numbers of people in the middle class are driving demand for meal kit delivery services.Furthermore, as people's lifestyles improve in emerging countries, their disposable income rises, and they are more likely to purchase meal kit subscriptions. As a result of these circumstances, businesses have been obliged to provide higher-quality meal kit delivery services on a weekly or monthly basis. Easy to use service, comfortable and faster way of cooking, less time consuming, and consideration of meal preferences (veg, seafood, chicken) are all projected to contribute to the market growth of meal kit delivery services.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/meal-kit-delivery-services-market/

Heat and Eat Segment Dominate the Meal Kit Delivery Services Market:
Heat and eat segment is expected to account for a larger revenue share in the global meal kit delivery services market with value share in the global market and is projected to grow at 6.9% CAGR over 2022 and 2028. The heat-and-eat market has been gaining traction among customers in the United States, with various delivery service firms introducing single and multiple servings for consumers. For example, homemade cuisine is less expensive than eating at a restaurant. Furthermore, the product's availability has made cooked dinners more time-efficient than takeout and home delivery services. Food preparation at home also allows for complete control over the ingredients used, which is beneficial for persons who are allergic to or attempting to avoid specific substances.

Asia Pacific Leads Meal Kit Delivery Services Market:
The Asia Pacific is expected to hold the 21.2% market share in the global meal kit delivery services market in the forecast period. It is projected to grow at a CAGR of 7.8% in the coming years. Because of the ease and freshness of the product, the market is likely to grow rapidly in the region. The demand for these delivery services has been fueled by an increase in the number of time-strapped consumers in the region. China, Japan, and South Korea are the region's most important markets. Furthermore, COVID-19 has heightened interest in home-cooked meals and boosted demand for the product across the country. The market for vegetarian and vegan meal kits is driven by countries such as Australia, Japan, China, Singapore, Sri Lanka, South Korea, and India.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global meal kit delivery services market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gaining significant geographic presence across the region. For instance,In August 2021, The Kroger Co. partnered with Kitchen United to provide customers with on-demand meal pickup and delivery from popular restaurants.

Request sample report at https://precisionbusinessinsights.com/request-sample/?product_id=37919

The meal kit delivery services market is segmented based on offering, services, platform, meal-type, and geography.
Based on the offering, the market is segmented into the following:
• Heat & Eat
• Cook & Eat

Based on the services, the market is segmented into the following:
• Single
• Multiple

Based on the platform, the market is segmented into the following:
• Online
• Offline

Based on the meal type, the market is segmented into the following:
• Vegan
• Vegetarian
• Non-Vegetarian

Based on geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Request Methodology: https://precisionbusinessinsights.com/request-methodology/?product_id=37919

Key player's profiles in the Meal Kit Delivery Services market report are Albertsons Companies Inc., Blue Apron Holdings Inc., HelloFresh SE, Koninklijke Ahold Delhaize NV, Mindful Chef Ltd., Oisix ra Daichi Inc., SunBasket Inc., The Kroger Co., Tyson Foods Inc., and William Jackson Food Group.

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 85278174

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.