Meal Kits Market To Grow By USD 11.13 Billion | Albertsons Companies Inc. and Blue Apron Holdings Inc. among the main suppliers

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NEW YORK, January 11, 2022 / PRNewswire / – Some of the major growth drivers in the meal kit market are cost-effective solutions and the availability of varied choices, customers looking for a convenient option with the advent of a faster lifestyle and increasing consumer awareness of consuming nutritious and healthy meals, according to a senior analyst at Technavio.

Attractive Opportunities in the Meal Kits Market by Product and Geography – Forecast and Analysis 2021-2025

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Technavio expects the market size for meal kits to increase by $ 11.13 billion from 2020 to 2025. The market is expected to exhibit a year-over-year growth rate of (18.67)%.

Market factors
The cost-effective solution and the availability of diverse choices is one of the key factors in the growth of the meal kits market. Consumers prefer convenience in their eating routine, as well as food from sustainable sources at affordable prices. In restaurants, consumers could end up paying 35 USD at 40 USD for two people, which includes food and taxes. The cost of a meal kit for two people is approximately 20 USD at 25 USD, which is about 40% less than in restaurants. A meal kit is a viable option for consumers who eat three to four meals out per day because it can be more affordable. Vendors are constantly improving their menus and adding new dishes, giving customers a wide variety of options to choose from.

Market segmentation analysis

  • By product, the meal kits market has been categorized into two segments namely non-vegetarians and vegetarians.

  • The growth in the meal kits market share by the non-vegetarian segment will be important during the forecast period.

  • The growing consumer preference for ethnic cuisines is one of the main reasons for the growth of the non-vegetarian meal segment.

Regional analysis

  • By geography, the meal kits market has been segmented into five regions, namely North America, Europe, APAC, South America, and MEA

  • 54% of growth will come from North America.

  • the we is a key country for the meal kits market in North America.

  • However, the market growth in this region will be faster as the market growth in regions such as Europe, South America, and MEA.

  • The increasing number of workers searching for convenient and easy-to-prepare meal options will drive the growth of the meal kits market by North America during the forecast period.

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Remarks:

  • The size of the meal kits market is expected to accelerate to a CAGR of 11.25% during the forecast period.

  • The market is fragmented due to the presence of many established suppliers holding a significant market share.

  • This market forecast report offers insights into several vendors of the market including Albertsons Companies Inc., Blue Apron Holdings Inc., HelloFresh SE, Koninklijke Ahold Delhaize NV, Mindful Chef Ltd., Oisix ra daichi Inc., SunBasket Inc., The Kroger Co., Tyson Foods Inc. and William Jackson Food Group.

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Associated reports:

  • Quick Service Restaurant Market by Service and Geography – Forecast and Analysis 2021-2025: The market for quick service restaurants has the potential to grow in $ 119.20 billion from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 3.55%. Download a free sample report

  • Catering Market by Sector, Type and Geography – Forecast and Analysis 2021-2025: The size of the catering market has the potential to grow by 822.31 billion USD from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 4.48%. Download a free sample report

Scope of the Meal Kits Market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of 11.25%

Market growth 2021-2025

$ 11.13 billion

Market structure

Fragmented

Annual growth (%)

(18.67)

Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

North America at 54%

Main consumer countries

United States, United Kingdom, Germany, China and Japan

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Albertsons Companies Inc., Blue Apron Holdings Inc., HelloFresh SE, Koninklijke Ahold Delhaize NV, Mindful Chef Ltd., Oisix ra daichi Inc., SunBasket Inc., The Kroger Co., Tyson Foods Inc. and William Jackson Food Group

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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Technavio research
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Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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SOURCE Technavio

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