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Prepared Meal Delivery Market Evaluation and Future Projections 2024 - 2031 | Hello Fresh, Blue Apron, Home Chef

08-26-2024 09:08 AM CET | Food & Beverage

Press release from: CMI

Prepared Meal Delivery

Prepared Meal Delivery

Market Overview:

The Prepared Meal Delivery Market is estimated to be valued at USD 10.92 Bn in 2024 and is expected to reach USD 23.85 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.

Market Dynamics:

The rising preference for convenience foods owing to busy lifestyles and increasing health consciousness among consumers is a major driver for growth of the prepared meal delivery market. Millennials and generation Z in particular favor ready-to-eat options that save time and offer nutrition information. An increasing number of startups are entering this space to cater to this demand for convenient, ready-to-eat healthy meals. The growing number of single-person households also contributes to the market growth as they rely more on prepared foods catering services for meals.

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Convenience is driving Growth in the Prepared Meal Delivery Market

The fast paced modern lifestyle has increasingly less time for people to prepare homemade meals. With working professionals juggling multiple responsibilities, the demand for easy to prepare yet nutritious meal options is growing rapidly. Prepared meal delivery services are filling this need by providing customers healthy, home cooked meals at their doorstep with just a click. The hassle free nature of these services along with variety of meal choices depending on taste, dietary preferences and schedules has made them highly popular.

Opportunity in corporate tie ups and office meal plans

With many companies preferring flexible work policies in the hybrid work model, there is opportunity for prepared meal delivery services to tap into the busy professional segment with tailored office meal plans and corporate tie ups. Services can work with companies to understand their employee schedules, meeting patterns and dietary preferences to plan weekly menus and bulk delivery of healthy grab-and-go prepared meals. Corporate partnerships open the door for recurring subscriptions, bulk order discounts and targeted marketing - helping boost sales volumes substantially. This collaboration helps solve the lunchtime hassle of professionals too.

Sustainability trends may shape future growth

Rising environmental concerns have put the spotlight on sustainability across all industries. In the prepared meal sector, companies that prominently feature sustainable sourcing, minimal packaging and support of local food systems will appeal more to ethically-conscious consumers. Menu innovation around plant-based, seasonal dishes and transparent communication of sustainability efforts can set brands apart. For instance, some services now offer carbon footprint calculations per meal. Adopting sustainable practices can also improve brand image and community outreach. As sustainability becomes a mainstream value, it will be a key trend impacting long term market demands and consumer loyalty in this space.

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Top Companies Featured in This Report:

• Hello Fresh
• Blue Apron
• Home Chef
• Marley Spoon
• Sun Basket
• Abel & Cole
• Riverford
• Gousto
• Quitoque
• Kochhaus
• Middagsfrid
• Allerhandebox
• Chefmarket
• Kochzauber
• Fresh Fitness Food
• Mindful Chef
• Fresh N Lean
• CookUnity
• Pete's Real Food
• Mosaic Foods

Market Segmentation:

By Product Type:

• By Product Type: Ready to Eat Meals, Ready to Cook Meals, Specialty Meals, Others
• By End User: Households, Offices, Diet Specific, Others
• By Delivery Frequency: Weekly subscription, Bi-weekly subscription, Monthly subscription, Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Trends in Navigation Keyword Market:

Increasing Demand: Notice a surge in demand for navigation keywords due to the widespread adoption of GPS-enabled devices and the need for precise mapping data.

Technological Innovations: Witness innovative breakthroughs enhancing the accuracy and reliability of navigation keywords, such as real-time traffic updates, 3D mapping, and augmented reality.

Tailored Solutions: Explore industry-specific navigation keyword solutions designed to meet the unique needs of automotive, aviation, and maritime sectors.

Integration with Advanced Technologies: Embrace the integration of navigation keywords with cutting-edge technologies like artificial intelligence and the Internet of Things, unlocking advanced functionalities.

Mobile Applications: Embrace the convenience and accessibility of navigation keywords through mobile applications, catering to the evolving needs of consumers.

Environmental Sustainability: Embrace environmentally conscious navigation keyword solutions that address issues like traffic congestion and air quality, promoting sustainable transportation options.

Report Highlights:

📈 Examination of navigation keyword market share at both country and regional levels

📈 Thorough analysis of the competitive landscape and emerging trends

📈 Detailed review of product advancements, technological developments, drivers, and limitations

📈 Strategic recommendations tailored for key business segments based on market insights

📈 Valuable guidance for newcomers venturing into the navigation keyword market

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Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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Coherent Market Insights

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