I need the market research for Meal kit business
Scope of the Report
The report entitled “Global Meal Kit Market: Size, Trends & Forecasts (2019-2023 Edition)”, provides analysis of global meal kit market, with detailed analysis of market size in terms of value, segments and growth.
The report includes regional analysis of the meal kit market for the regions of North America and Asia Pacific. Under competitive landscape, share analysis of players in the US and Canada meal kit market by run rate annual revenue has been done. This is followed by comparison of US meal kit companies on the basis of price per meal.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global meal kit market has also been forecasted for the years 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Blue Apron, HelloFresh, Marley Spoon and Kroger (Home Chef) are some of the key players operating in global meal kit market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.
The meal planning and preparation can be taken place through different sources or medium namely, Meal Kit, a subscription service that delivers customers food ingredients and recipes for them to prepare their own fresh meals; Food On Demand: Prepared Food, defined as the delivery of cooked food on the demand of customers and Food On Demand: Groceries, a process to deliver groceries at customers’ door steps.
The global meal kit market is expected to increase at high growth rates during the forecasted period (2019-2023). The global meal kit market is supported by various growth drivers such as increasing preference of customers to buy from offline channels in comparison to online mode, shifts in food service behavior, reducing food wastage by going “ecofriendly”, spike in urban population and increasing disposable income, etc. The future trends such as hike in mergers and acquisitions (M&A) activity, flexible meal kit subscription, augmented food transparency, increasing millennial population, etc. escalate the global meal kit market. Some challenges that hinder the growth are increasing food prices, uncertain economic situations and food security issues, etc.