Meal Kits Market size was valued at USD 18.1 Billion in 2022 and is expected to grow at a CAGR of 14.7 percent from 2023 to 2029 to reach USD 47.27 Billion.
Meal Kits Market Overview:
Maximize Market Research’s study on the Meal Kits Market provides a thorough examination of the market, covering its industrial environment, main players, evolving trends, and regional insights. The results are presented in a logical and understandable way, and the report is based on both primary and secondary research.
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Meal Kits Market Scope:
The Meal Kits Market is well covered by MMR’s study, which also identifies the top international players in the market according to variables like volume, value, market share, tactics, and industry growth. It is anticipated that the research will assist firms in strengthening their position in the industry and provide strategies for both new and established market entrants. Together with segmentation by type and end users, the research provides market revenue by area and country.
Meal Kits Market Segmentation:
Based on Type: The market is divided into vegan, vegetarian and non-vegetarian. The non-vegetarian segment dominated the global market with a high Meal Kits Market share in 2022. Consumers who enjoy a balanced diet that includes animal protein highly demand traditional non-vegetarian meal kits. The vegan segment is expected to grow at a high rate during the forecast period as people are increasingly embracing plant-based diets for ethical, environmental, and health reasons. The vegetarian segment is also expected to grow at a high rate during the forecast period. Vegetarian meal kits are popular among consumers who are looking to reduce their meat consumption or adopt a more plant-based diet. These kits offer various vegetable-based and protein-rich options.
Based on End-User: The market is divided into Families and Individuals. The individuals segment dominated the global market with the largest Meal Kits Market share. Meal kits are convenient for busy individuals especially those with demanding work schedules. This saves their time for meal planning and grocery shopping. Young adults living alone or in a shared flat prefer meal kits with portion control, reduced food waste, and the opportunity to experiment with cooking without the need to purchase large quantities of ingredients.
Based on Distribution Channel: The market is divided into Online and Offline. The Online segment is growing rapidly. The companies are increasingly starting to develop and operate their own e-commerce websites where consumers browse meal options, customize their orders and subscribe to receive regular deliveries of meal kits. The convenience and wide range of choices that consumers get by ordering online is driving the market growth.
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Meal Kits Market Key Players:
2. Freshly Inc.
3. HelloFresh
4. Sun Basket, Inc.
5. Relish Labs LLC
6. Gobble
7. Marley Spoon Inc.
8. Purple Carrot
9. Fresh n’ Lean
10. Hungryroot, Inc.
11. One Potato
12. Trifecta Nutrition
13. Chef’d
14. Dinnerly
15. Green Chef
16. EveryPlate
17. Home Chef
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Regional Analysis:
The study focuses on North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa as the five key regions for the plastic punnets market. The bulk of the world’s consumption of plastic punnets is attributed to these regions.
Key Questions answered in the Meal Kits Market are:
- What is Meal Kits Market ?
- What is the forecast period of the Meal Kits Market ?
- What is the competitive scenario of the Meal Kits Market ?
- Which region held the largest market share in the Meal Kits Market ?
- What are the opportunities for the Meal Kits Market ?
- What are the restraining factors in the Meal Kits Market ?
- Who are the key players of the Meal Kits Market ?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Meal Kits Market
- Landscape- Leading key players and other prominent key players.
- Price Trends
- Key Opinion Leaders Offerings
- Government Initiatives
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