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 2019-2025.

Market Insight

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.

The increasing 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.

North America 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.

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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.