Market Overview:
The global online meal kit market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for convenient and healthy food options, rising disposable income, and growing awareness about health and nutrition. The global online meal kit market can be segmented on the basis of type into ready-to-eat food, reprocessed food, and other types. The ready-to-eat food segment is expected to account for the largest share of the global online meal kit market in 2018. This segment is projected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to its convenience and ease of use. On the basis of application, the global online meal kit market can be divided into users aged under 25 years, users aged 25–34 years, users aged 35–44 years, users aged 45–54 years, users aged 55–64 years old age group), and older age group).
Product Definition:
Online Meal Kits are a delivery service of pre-portioned, fresh ingredients with recipes to cook at home. They have become increasingly popular in recent years as they offer an easy and convenient way to prepare meals without the hassle of grocery shopping or meal planning. Many online meal kit services also offer vegetarian, vegan, and gluten-free meal options.
Ready-to-eat Food:
Ready-to-eat (RTE) food is the fastest growing category in online meal kit market. It's usage has increased over the past few years and it will continue to grow at a significant rate in near future due to factors such as busy lifestyles, rising number of nuclear families and hectic work schedules.
Growing RTE food industry, increasing number of working individuals have led to increase demand for these kits which can be prepared easily without much time investment.
Reprocessed Food:
The global market for the online meal kit market was valued at USD 2.64 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing popularity of on-the-go meals, coupled with changing lifestyles, is driving demand for packaged food; this has led to an increase in obesity levels among consumers across the world.
Application Insights:
The user age group of 25-44 accounted for the largest share in 2016. This can be attributed to the rising working population and easy access to fast food joints. Furthermore, a growing preference for home delivery services among this demographic is expected to drive growth over the forecast period.
The older segment is expected to witness significant growth owing to increasing acceptance of meal replacement products among them. In addition, geriatric patients often have difficulty in chewing and swallowing properly due by which they require smaller meals, thus driving demand for online meal kits.
Meal kit manufacturers are focusing on developing new products with innovative packaging and flavors that appeal more towards younger consumers thereby widening their target audience base across various regions globally including North America, Europe.
Regional Analysis:
North America dominated the market in 2017 owing to the high demand for convenient food products among millennials. The region is expected to maintain its dominance over the forecast period due to increasing awareness about meal kits and a growing number of companies offering these services.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period, owing to an increase in spending power among consumers, especially millennials. Moreover, rising disposable income levels are also expected drive regional growth over this period as consumers have more money available for leisure activities as well as purchasing these ready-to-eat home cooked food products from online platforms like UberEats or Amazon Prime Now. This has led many companies operating in this space such as Blue Nile India Foods Pvt Ltd., OYO Rooms & Restaurants Pvt Ltd., and Swiggy LLC., among others, raise funds through private equity (PE) or debt instruments (Bonds).
Growth Factors:
- Increasing urbanization – The trend of people moving to cities is increasing, and this is especially true in developing countries. This means that there are more people who are living in apartments and condos without kitchens or the space to cook meals from scratch. This creates a demand for convenient, pre-packaged meal solutions like online meal kits.
- Busy lifestyles – With both parents working full-time jobs, many families don’t have the time to cook traditional home-cooked meals from scratch every night. Online meal kits offer an easy solution for these busy families, as they can prepare a healthy dinner in just minutes with little effort required.
- Health consciousness – There has been a growing trend of health consciousness among consumers in recent years, and this is especially true when it comes to food choices. People want to know where their food is coming from and what ingredients are used in order to make informed decisions about their healthiest options possible . Online meal kit providers often list all of the ingredients used on their websites or through apps so that consumers can see exactly what they’re eating before making their purchase decision . 4) Rising income levels – As incomes continue to rise around the world , more people will be able to afford luxury items like online meal kits . This will help fuel growth within the market as more consumers become interested in trying out this convenient form of dining . 5) Aging population – The global population is aging rapidly , which means that
Scope Of The Report
Report Attributes
Report Details
Report Title
Online Meal Kit Market Research Report
By Type
Ready-to-eat Food, Reprocessed Food, Other
By Application
User Age (Under 25), User Age (25-34), User Age (35-44), User Age (45-54), User Age (55-64), Older
By Companies
Blue Apron, Hello Fresh, Plated, Sun Basket, Chef’d, Green Chef, Purple Carrot, Home Chef, Abel & Cole, Riverford, Blue Apron, Quitoque, Kochhaus, Marley Spoon, Middagsfrid, Allerhandebox, Chefmarket, Kochzauber, Fresh Fitness Food, Mindful Chef
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Online Meal Kit Market Report Segments:
The global Online Meal Kit market is segmented on the basis of:
Types
Ready-to-eat Food, Reprocessed Food, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
User Age (Under 25), User Age (25-34), User Age (35-44), User Age (45-54), User Age (55-64), Older
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Blue Apron
- Hello Fresh
- Plated
- Sun Basket
- Chef’d
- Green Chef
- Purple Carrot
- Home Chef
- Abel & Cole
- Riverford
- Blue Apron
- Quitoque
- Kochhaus
- Marley Spoon
- Middagsfrid
- Allerhandebox
- Chefmarket
- Kochzauber
- Fresh Fitness Food
- Mindful Chef
Highlights of The Online Meal Kit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ready-to-eat Food
- Reprocessed Food
- Other
- By Application:
- User Age (Under 25)
- User Age (25-34)
- User Age (35-44)
- User Age (45-54)
- User Age (55-64)
- Older
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Online Meal Kit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Online meal kit is a subscription service that sends you pre-packaged, ready-to-eat meals delivered to your door.
Some of the major companies in the online meal kit market are Blue Apron, Hello Fresh, Plated, Sun Basket, Chef’d, Green Chef, Purple Carrot, Home Chef, Abel & Cole, Riverford, Blue Apron, Quitoque, Kochhaus, Marley Spoon, Middagsfrid, Allerhandebox, Chefmarket, Kochzauber, Fresh Fitness Food, Mindful Chef.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Online Meal Kit Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Online Meal Kit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Online Meal Kit Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Online Meal Kit Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Online Meal Kit Market Size & Forecast, 2020-2028
4.5.1 Online Meal Kit Market Size and Y-o-Y Growth
4.5.2 Online Meal Kit Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ready-to-eat Food
5.2.2 Reprocessed Food
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 User Age (Under 25)
6.2.2 User Age (25-34)
6.2.3 User Age (35-44)
6.2.4 User Age (45-54)
6.2.5 User Age (55-64)
6.2.6 Older
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Online Meal Kit Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Online Meal Kit Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ready-to-eat Food
9.6.2 Reprocessed Food
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 User Age (Under 25)
9.10.2 User Age (25-34)
9.10.3 User Age (35-44)
9.10.4 User Age (45-54)
9.10.5 User Age (55-64)
9.10.6 Older
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ready-to-eat Food
10.6.2 Reprocessed Food
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 User Age (Under 25)
10.10.2 User Age (25-34)
10.10.3 User Age (35-44)
10.10.4 User Age (45-54)
10.10.5 User Age (55-64)
10.10.6 Older
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ready-to-eat Food
11.6.2 Reprocessed Food
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 User Age (Under 25)
11.10.2 User Age (25-34)
11.10.3 User Age (35-44)
11.10.4 User Age (45-54)
11.10.5 User Age (55-64)
11.10.6 Older
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ready-to-eat Food
12.6.2 Reprocessed Food
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 User Age (Under 25)
12.10.2 User Age (25-34)
12.10.3 User Age (35-44)
12.10.4 User Age (45-54)
12.10.5 User Age (55-64)
12.10.6 Older
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ready-to-eat Food
13.6.2 Reprocessed Food
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 User Age (Under 25)
13.10.2 User Age (25-34)
13.10.3 User Age (35-44)
13.10.4 User Age (45-54)
13.10.5 User Age (55-64)
13.10.6 Older
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Online Meal Kit Market: Competitive Dashboard
14.2 Global Online Meal Kit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Blue Apron
14.3.2 Hello Fresh
14.3.3 Plated
14.3.4 Sun Basket
14.3.5 Chef’d
14.3.6 Green Chef
14.3.7 Purple Carrot
14.3.8 Home Chef
14.3.9 Abel & Cole
14.3.10 Riverford
14.3.11 Blue Apron
14.3.12 Quitoque
14.3.13 Kochhaus
14.3.14 Marley Spoon
14.3.15 Middagsfrid
14.3.16 Allerhandebox
14.3.17 Chefmarket
14.3.18 Kochzauber
14.3.19 Fresh Fitness Food
14.3.20 Mindful Chef
