Meal Kits Market Future Aspect Analysis and Current Trends by 2023-2032

The global meal kit market was valued at $11.1 billion in 2021, and is projected to reach $43.4 billion by 2031, growing at a CAGR of 14.9% from 2022 to 2031.

Global "Meal Kits Market" 2022 Reports give a Key study on the industry status of the Meal Kits Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.

The Meal Kits research report will also study market share for major stakeholders in their global capacity as transformers of the global scale. This qualitative and quantitative analysis will include key product offerings, key differentiators, revenue share, market size, market status, and strategies. The report will also cover key agreements, collaborations, and global partnership soon to change dynamics of the market on a global scale.

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In order for their customers to conveniently finish cooking the meals at home, market participants who prepare and supply fresh ingredients, pre-cooked meals, half-cooked food items, and personalised food ingredients provide meal kits. Meal kits are a wonderful alternative to grocery shopping because they reduce the number of trips, provide a healthy meal, and save time and money.

Meal kit services, like online grocery shopping, allow for more social isolation, and usage significantly increased in the first year of the epidemic, claims a paper from the National Library of Medicine. In the U.S., less than 15% of families had used a meal kit service before to the pandemic; by 2020, that number had increased to about 25%.

Because both partners in a household have hectic schedules that leave little time for cooking and grocery shopping, the growing development of the female labour force is anticipated to propel the meal kit business. The U.S. Bureau of Labor Statistics reported that women's labour force participation increased from 57.1% in 2018 to 57.4% in 2019. The National Institute for Transforming India (NITI) Aayog said that between 2018 and 2020, the proportion of women in the work force climbed from 23.1% to 27.9%. Since more women are entering the workforce and cities are urbanising quickly, these factors are anticipated to propel the growth of the meal kit market throughout the forecast period.

Since educated individuals have less time, they tend to pick meal kits as an alternative to restaurant-prepared food in order to save time spent on purchasing veggies, which is projected to fuel the growth of the meal kit sector. The National Library of Medicine in the United States reports that cooking increased overall between 2003 and 2016. Men with college degrees who cook rose from 37.9% in 2003 to 51.9% in 2016, while women with college degrees rose from 64.7% in 2003 to 68.7% in 2016. The market size for meal kits is anticipated to increase as a result of the increase in people who are taking up cooking as a hobby because they have less time to cook. So they avoid going to the food store.

The majority of meal kit services offer their customers vegan and gluten-free diets. Also, there are an increasing number of specialty meal kit providers that meet certain dietary requirements and tastes. Meal kits provide consumers with a nutritious diet since they are more conscious of what they eat nowadays and the consequences it has on their health. In general, customers want a healthy and nourishing diet for themselves. Because to its fresh ingredients and lack of additives or preservatives, the meal kit is often healthier than ready-to-eat food given to consumers. Market participants offer customers the option to select meals that fit their diets or those recommended by nutritionists and that are ideal for their bodies and health. These health advantages given by meal packages is anticipated to fuel the industry's expansion.

Due to the rise in the number of vegans as a result of growing public awareness of animal cruelty, there has been an increase in demand for plant-based foods. The Vegan Society commissioned a poll, which found that between 2014 and 2018, the number of vegans in the UK doubled. Vegetarians made up 6,00,000 people in 2019, or roughly 1.16% of the total population. British vegans are relatively new to the lifestyle, with 63% beginning only in the last five years, according to a poll commissioned by the UK government. Although many have been avoiding meat for far longer than this, the vast majority of vegans in Britain (81%) graduated from veganism. Plant-based meal kits are being made available by such as a result of the rise of veganism. Examples include Freshly, Purple Carrot, and Fresh n' Lean, which sell plant-based meals, particularly for plant-based diets, which are predicted to present a growth opportunity for the market.

Market Segmentation
Global Meal Kits Market: Major Players
Sakara Life
HelloFresh
Martha & Marley Spoon
Purple Carrot
Veestro
Factor 75
Yumble
Blue Apron
Sun Basket
EveryPlate
Freshly
Home Chef
Dinnerly
Green Chef
Gobble
Daily Harvest
Snap Kitchen
Fresh Direct
Hungryroot

Global Meal Kits Market: By Types
Vegan
Fried Food
Others

Global Meal Kits Market: By Applications
Child
Teenager
Adult
Elder

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Global Meal Kits Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Meal Kits market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the meal kit market analysis from 2021 to 2031 to identify the prevailing meal kit market opportunities.

The market research is offered along with information related to key drivers, restraints, and opportunities.

Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

In-depth analysis of the meal kit market segmentation assists to determine the prevailing market opportunities.

Major countries in each region are mapped according to their revenue contribution to the global market.

Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

The report includes the analysis of the regional as well as global meal kit market trends, key players, market segments, application areas, and market growth strategies.

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