The meal kit market share is estimated to grow at a CAGR of 20.32% between 2022 and 2027. The size of the market is forecast to increase by USD 23,737.8 million. The meal kit market will witness a YOY of 19.56% in 2023.
“Cost-effective solutions and the availability of diverse choices and Rise in demand for gluten-free meal kits will boost the market growth”, says a senior analyst at Technavio.
Technavio’s report on Meal Kit Market is segmented by product (vegetarian and non-vegetarian), distribution channel (instore and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa.
The meal kit market by the vegetarian segment will be significant during 2023-2027. In the US, consumers are adopting a vegan diet, due to which an increasing number of vendors are offering vegan meal kits as per consumer needs and taste preferences. North America will contribute 54% of growth rate during the forecast period.
Some of the key meal kit market vendors are Albertsons Companies Inc., Bistro MD LLC, Blue Apron Holdings Inc., Gobble Inc., HelloFresh SE, Koninklijke Ahold Delhaize NV, Marley Spoon AG, My Food Bag Ltd., Nestle SA, NH Foods Ltd., Oisix ra daichi Inc, Riverford Organic Farmers Ltd., Siam Food Services Ltd., SimplyCook Ltd., Sun Basket Inc., The Kroger Co., Tyson Foods Inc., William Jackson Food Group, and Woop Ltd.
Some of the Vendor Offerings are:
albertsonscompanies.com- The company offers meal kit such as Armour LunchMakers ham and chesse portable meal kit and Campbells Sauces oven creamy garlic butter chicken.
bistromd.com- The company offers meal kit such as lasagna with garden marinara, salmon with dill mushroom sauce and manicotti with vodka marinara sauce.
Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact on the market in focus. Download the PDF Sample Report
The meal kit market report covers indepth information about key vendors and their product offerings.
The key driver, trends and challenges, market opportunities and the detailed market impact analysis
Five force analysis to analyze the potential of buyers and suppliers and the competitive industry scenerio.
Meal kit industry across North America, Europe, APAC, South America, and Middle East and Africa.