The Global Meal Kit Market size is expected to grow from USD 17.86 billion in 2022 to USD 64.44 billion by 2030, at a CAGR of 17.4 % during the forecast period (2023-2030).

Meal kit is a newly introduced concept in the food and beverages sector, where a customer gets half cooked or fully cooked meal at his doorstep. These services are designed to reduce the troubles of grocery shopping and meal planning, and to recreate the restaurant eating experience at one’s own desired place or home. Meal kits also offer customers with customized food ingredients as per their choice for their family or for the individual use. As the meal kit service helps the customer to select healthy ingredients for their healthy life the whole year, this turns out to be a key factor for the market development of meal kit.

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The Report Will Include A Major Chapter

·         Patent Analysis

·         Regulatory Framework

·         Technology Roadmap

·         BCG Matrix

·         Heat Map Analysis

·         Price Trend Analysis

·         Investment Analysis

Market Dynamics and Factors:  

The concept of meal kit offers customers cooked food meal as well as half cooked food meal which reduces their hassles of grocery shopping as well as planning for everyday meals. With rapidly growing urbanization in many developed and developing countries, customers get an exciting experience of recreating eating food in restaurants or hotels. Meal kits are growing rapidly owing to their easy availability and convenient nature across the world. Meal kits also offer customers to customize their meals according to their diet and fitness plans, which thereby drives the market growth. Moreover, the vendors provide easy recipes for the cook and eat option of meal kits so as to ensure that the customer is satisfied and retention rate is increased. In the busy and hectic schedule, meal kits play a significant role in providing timely and healthy food at an individual’s home or desired place with ease, which further is estimated to boost the market growth of meal kit in the projected years.

Scope of the Report:

Overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Meal Kit Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Meal Kit Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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Top Key Players Covered In The Meal Kit Market:

Sunbasket(San Francisco),Home Chef (United States),EveryPlate (New York),Blue Apron (USA),Gobble (San Francisco),HelloFresh (German),Green Chef (New York),Purple Carrot (US),Cook it (Canada),Plated (USA),My Food Bag (New Zealand),Home chef (Chicago), and other major players.

Key Industry Development:

In January, 2021, Sunbasket, best known for its meal-kit subscription service, announced that they are broadening their product line and evolving to become “a full-service food delivery company.” The newly revamped service will offer a range of different food items to consumers, from full meals to snacks and pantry staples. Reaching more potential customers, including those who need something more convenient than a full-on meal kit, seems to be at the heart of this transition.

In December, 2020, Franklin Farms, a company that provides meatless meals to customers, entered into a new partnership with Purple Carrot, a plant-based meal kit company. The partnership will allow consumers to enjoy great-tasting meatless meals made with Franklin Farms’ tofu at home. In July 2021, Hello Fresh, a meal kit company, announced its partnership with Fenn Foods. Hello Fresh will be expanding its vegan offerings in Australia by utilizing Fenn Foods’ carbon neutral-certified, plant-based mince as an ingredient in their "Chilli Cin Carne" recipe.

Meal Kit Market Segmentation:

By Offering

·         Heat & Eat

·         Cook & Eat

By Serving

·         Single

·         Multiple

By Platform

·         Online

·         Offline

By Meal Type

·         Vegetarian

·         Non-vegetarian

For this report, Introspective Market Research has segmented the Meal Kit Market based on region:

§  North America (U.S., Canada, Mexico)

§  Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

§  Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

§  Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

§  Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

§  South America (Brazil, Argentina, Rest of SA)

Table of Content:

Chapter 1: Introduction

 1.1 Research Objectives

 1.2 Research Methodology

 1.3 Research Process

 1.4 Scope and Coverage

  1.4.1 Market Definition

  1.4.2 Key Questions Answered

 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment

 3.1 By Offering

 3.2 By Serving

 3.3 By Platform

 3.4 By Meal Type

Chapter 4: Market Landscape

 4.1 Porter's Five Forces Analysis

  4.1.1 Bargaining Power of Supplier

  4.1.2 Threat of New Entrants

  4.1.3 Threat of Substitutes

  4.1.4 Competitive Rivalry

  4.1.5 Bargaining Power Among Buyers

 4.2 Industry Value Chain Analysis

 4.3 Market Dynamics

  4.3.1 Drivers

  4.3.2 Restraints

  4.3.3 Opportunities

  4.5.4 Challenges

 4.4 Pestle Analysis

 4.5 Technological Roadmap

 4.6 Regulatory Landscape

 4.7 SWOT Analysis

 4.8 Price Trend Analysis

 4.9 Patent Analysis

 4.10 Analysis of the Impact of Covid-19

  4.10.1 Impact on the Overall Market

  4.10.2 Impact on the Supply Chain

  4.10.3 Impact on the Key Manufacturers

  4.10.4 Impact on the Pricing

Chapter 5: Meal Kit Market by Offering

 5.1 Meal Kit Market Overview Snapshot and Growth Engine

 5.2 Meal Kit Market Overview

 5.3 Heat & Eat

  5.3.1 Introduction and Market Overview

  5.3.2 Historic and Forecasted Market Size (2016-2028F)

  5.3.3 Key Market Trends, Growth Factors and Opportunities

  5.3.4 Heat & Eat: Grographic Segmentation

 5.4 Cook & Eat

  5.4.1 Introduction and Market Overview

  5.4.2 Historic and Forecasted Market Size (2016-2028F)

  5.4.3 Key Market Trends, Growth Factors and Opportunities

  5.4.4 Cook & Eat: Grographic Segmentation

Chapter 6: Meal Kit Market by Serving

To be continue………

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