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Meal Kit Market to boost Revenues through COVID-19 Crisis Phase, Forecast 2021-2025

Arshad Shaha
Meal Kit Market to boost Revenues through COVID-19 Crisis Phase, Forecast 2021-2025

Meal Kit Market: Global Size, Trends, Competitive, Historical &Forecast Analysis, 2020-2026. Growing awareness among consumers on health is driving the Meal Kit market

Scope of Global Meal Kit Market Reports –.

A meal kit can be defined as a subscription based foodservice business model where a company delivers proportioned and sometimes partially prepared food ingredients and recipes to the customers so that they can prepare home cook food. And the services that send pre-cooked meals are known as meal delivery services. This service is promoted as personalized food & beverage industry that is becoming trend for urban population.

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Meal Kit Manufacturers

Some Top key players for Meal kit Market are,

  • Amazon Meal Kit
  • Blue Apron
  • Chefs Menu
  • Fit Foods Club
  • Fresh Prep
  • Fuud Canada
  • Global Belly
  • Goodness Me
  • Gousto
  • Green Chef
  • Gym Food Australia
  • HelloFresh
  • Home Chef
  • Homemade
  • Kroger Prepx

Global meal kit market report is segmented on the basis of product type, distribution channel, application and by regional & country level. Based on type, global meal kit market is classified as full kit, starter kit and quick kit. 

Meal Kit Market Dynamics –

Rise in urban population, popularity of gluten free diet among consumers and shift in food service behavior as well as innovation is driving the meal kit market. The convenience of having cooked food at home without consuming much time is helping the market to grow mainly in urban regions. For instance, most meal kits take only 30 minutes to 1  hour to prepare and cook which is very convenient for bachelor working employees and price ranges from USD 8- 14 per person per meal and there are subscription format in which customer can select number of meals per week as well as number of portions. The companies compete among themselves on quality of service, features of service such as different menu for vegetarian and meat, while some are proficient in certain diet plans, for example Paelo meals and others who offer kits without a subscription.

Meal Kits are usually utilized as actuators and sensors, and their associated "stimulus" and "response" is depicted in (Table 1). Major advantages of Meal Kit actuators and sensors include high energy density, fast response, compact size, and fewer moving parts.

Meal Kit Market Segmentation –

By Product Type- Full kit, Starter kit, Quick kit

By Distribution channel- Online, In store

By Application- Vegetarian-kit, Non-vegetarian kit

Meal Kit Market Regional Analysis –

North America is dominating the meal kit market globally with high growth rate due to intense competition among competitors, increasing popularity among consumers as well as market promotion that is being done by the companies. For instance, there are over 150 meal kit firms are present in US with some of the major companies are Hello Fresh, Blue Apron, Sun Basket and Home Chef. Additionally, one in four adults in US purchases meal kit in a year and 70% continue to buy after their first purchase making it a lucrative market to do business.

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Arshad Shaha
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