Meal kit Market to Expand at a steady Growth Rate in the Coming Years – Says Allied Market Research

Meal kit Market

Meal kit is a subscription service, which includes delivering food ingredients and recipes to the customers for them to further prepare their meal conveniently. The concept of meal kit service has been revolutionized through online mobile applications of home delivery services. This technique enables consumers to cook food at their own suitability and comfort zone. Food provided by companies in meal kits is in precise quantities, which curbs the wastage of food.

Increase in urban population, rise in disposable income, reduction in food wastage by being eco-friendly, and shift in food service behavior are some of the major drivers of the global meal kit market. In addition, increase in healthy lifestyle and rise in trend of consuming portion-controlled meals among consumers fuel the growth of the market. However, uncertain economic situations, which lead to increased prices of foods hinders the market growth.

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On the contrary, shift in preference of consumers toward gluten-free diet is expected to serve as an opportunity for meal kit companies to further expand their market base and add customized diets to their offerings.

The meal kit market is segmented based on type, distribution channel, product, and region. On the basis of type, the market is categorized into full kits, starter kits, and quick kits. By distribution channel, it is bifurcated into online and in-store. Depending on product, it is segregated into vegetarian kit and nonvegetarian kit. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the meal kit market include Blue Apron LLC, HelloFresh, Marley Spoon Inc., The Kroger Co., Gousto, Relish Labs LLC, Plated, Global Belly, Purple Carrot, and Pepper Leaf Pty Ltd.

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Key Benefits For Stakeholders

  • The report provides an in-depth analysis of the current trends, drivers, and dynamics of the meal kit market to elucidate the prevailing opportunities and tap the investment pockets.
  • It offers qualitative trends as well as quantitative analysis of the global market for the period of 2018–2025 to assist stakeholders to understand the market scenario.
  • In-depth analysis of the key segments demonstrates the type of meal kits and their products.
  • Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
  • Key market players are profiled to understand the competitive outlook of the market.

About Us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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