A recent report published by Infinium
Global Research on meal kits market provides in-depth analysis of segments and
sub-segments in the global as well as regional meal kits market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional meal kits market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of the global meal kits market. According to the report, the global meal
kits market is projected to grow at a CAGR of 12.4% over the forecast period of
Meal kit a new concept in the food and beverage industry, where a customer gets a pre-cooked
meal or half-cooked food products on a regular basis to their home or desired
place. In this, a customer gets customized food ingredients as per their choice
for their own individual use of for the whole family. Further, these products
are delivered to the customer at a regular interval such as weekend or month.
This service helps the customer to choose healthy ingredients for their healthy
life throughout the year. Additionally, it helps them to get rid of the hectic
schedule to go to the market and search each and every single food ingredient
for their kitchen.
disposable income among young consumers and lack of time to prepare complete
food are helping to grow the meal kits market. Further, reducing food wastage by
going eco-friendly and increasing urban population are driving the growth of
the market. Additionally, the regular supply of customized food products, which
is not possible by the consumers by themselves is helping to grow this market
at a very high rate in developed and developing countries. However, a lack of
awareness among several potential consumers about this new concept is affecting
the growth of the market. Moreover, uncertain economic situations and food
security are hampering the growth of the meal kits market. The growing awareness
about the customized food products delivery at the doorstep among the
millennial consumers through social media and another source of media is
expected to boost the demand for the meal kits in the near future.
holds the largest share of the meal-kit market, owing to the presence of the
number of meal kit companies in this region. Additionally, the presence of the
large number of the young and middle-class consumer, who needs this type of
delivery to save time for other work is helping to grow this market in this
region. Europe is the second-largest market of the meal kits market, owing to
the birthplace of the meal kits market concept in this region.
The report on the global meal kits market
covers segments such as type and serving. On the basis of type, the
sub-markets include regional cuisine meal kit, health-conscious meal kit,
omnivore meal kit, and other types. On the basis of serving, the sub-markets
include two serving, family/four serving, and other serving.
The report provides profiles of the
companies in the market such as Sun Basket, Terra's Kitchen, Purple Carrot,
Green Chef Corporation, Gousto, Koninklijke Ahold N.V., Gobble Inc., PeachDish,
HelloFresh SE, and Plated.
The report provides deep insights into
the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of meal kits market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.