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Prepared Meal Delivery Market Report 2024: Key Insights and Future Outlook
Prepared Meal Delivery Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $28.26 billion In 2028 At A CAGR Of 15.9% :
The prepared meal delivery market size has grown rapidly in recent years. It will grow from $13.6 billion in 2023 to $15.65 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to changing work and lifestyle patterns, increasing awareness of healthy eating, rise of urbanization, busy urban professionals and millennials, expansion of online and mobile platforms.
The prepared meal delivery market size is expected to see rapid growth in the next few years. It will grow to $28.26 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to continued emphasis on convenience, focus on customization and personalization, rising health and wellness consciousness, sustainable and ethical food choices, integration of specialty and dietary-specific menus. Major trends in the forecast period include partnerships with local and sustainable suppliers, introduction of quick and convenient meal kits, focus on packaging sustainability and eco-friendly practices, expansion of breakfast and snack options, innovations in meal preparation techniques.
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Prepared Meal Delivery Market Major Segments
The prepared meal delivery market covered in this report is segmented -
1) By Supply: Cook And Eat, Heat And Eat
2) By Service: One, Several
3) By Platform: Online, Offline
Key Driver - Rising Consumption Of Junk Meals Fuels Prepared Meal Delivery Market Growth
The major driving factor of the prepared meal delivery market is the preference for junk meals by the working population and students. Junk meals are pre-prepared or packaged foods that are extremely convenient and can be consumed immediately. The meal kit delivery industry has been a big success because it appeals to consumers who want to cook their food without having to go grocery shopping. These are popular with busy parents, millennials, individuals juggling several jobs, working couples, and people with dietary needs who prefer pre-planned items or meals so they can create meals quickly. Hence, preference for junk meals is driving the growth of the prepared meal delivery service market.
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Prominent Trend - Embracing Contactless Delivery In The Market Amidst The Ongoing Pandemic
Contactless delivery is the new trend gaining popularity in the market. As the COVID-19 pandemic continues to wreak havoc across the globe, social separation will remain a well-established way of life. Food outlets are embracing innovative food delivery platforms to drive seamless contactless deliveries, keeping the safety of customers and delivery personnel in mind. For instance, in November 2021, Ottonomy, a US-based provider of contactless deliveries of food and lifestyle products, launched contactless food delivery with the LA-based mobile ordering app, Crave, focusing on the restaurant and hospitality sectors. Ottonomy has been piloting both indoor and outdoor delivery in markets across the country in multiple industries and sectors including airport and retail.
Prepared Meal Delivery Market Players
Major companies operating in the prepared meal delivery market report are HelloFresh SE, EveryPlate, Home Chef, Marley Spoon Inc., Dinnerly, FreshDirect LLC, Hungryroot Inc., Misfits Market Inc., Green Chef Corporation, Sun Basket Inc., Blue Apron Holdings Inc., CookUnity Inc., Trifecta Nutrition Inc., Daily Harvest Inc., Freshly Inc., Snap Kitchen Holdings LLC, Purple Carrot Inc., Gobble Inc., Factor 75 LLC, Diet-To-Go Inc., Hungry Harvest Inc., Fresh n' Lean LLC, Munchery Inc., PlateJoy Inc., RealEats America Inc., Chef'd LLC, Foodstirs Inc., 1 Potato, Splendid Spoon Inc., PeachDish LLC
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Largest And Fastest Growing Region In The Market
North America was the largest region in the prepared meal delivery market in 2023. Asia-Pacific was the second largest market in prepared meal delivery market. The regions covered in the prepared meal delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Prepared Meal Delivery Market Report Structure
3. Prepared Meal Delivery Market Trends And Strategies
4. Prepared Meal Delivery Market - Macro Economic Scenario
5. Prepared Meal Delivery Market Size And Growth
…..
27. Prepared Meal Delivery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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