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Meal Kit Delivery Services Market - Advanced technologies & growth opportunities in global Industry

03-05-2018 07:34 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
A meal kit is a weekly or monthly subscription service that sends customers recipes and food ingredients to cook their own fresh meal at home. The services which include delivery of pre-cooked meals are known as meal delivery services. In 2007, the first meal kit delivery service started in Europe. This concept quickly became popular and it is estimated to grow at a fast rate during the forecast period.

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Preparation and cooking of meals on an average takes around 30 minutes to an hour. Dinner meals from these meal kit delivery services cost between US$ 8 and US$12 per person, per meal. Most meal kit companies require the customer to subscribe to the service. The subscription for every week includes a predefined number of meals for a specific number of people.

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The meals sent to the customers are based on their preferences selected at the beginning of the subscription and includes items depending on preference of the customer that is, vegetarian or non-vegetarian.The meal kit delivery services market is expected to expand at a good growth rate during the forecast period.

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Demand for meal kit delivery services is driven by rising urban population, increase in number of working women, and rising number of people in the middle class bracket in developing countries such as China and India. Furthermore, due to improved lifestyle in emerging countries, disposable income of individuals has increased and people tend to buy meal kit subscriptions.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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