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NEW YORK<\/span><\/span>, June 27, 2023<\/span><\/span> \/PRNewswire\/ — The meal kit market<\/b><\/a> size is set to grow by USD 23,737.8 million<\/span><\/b> from 2022\u00a0to 2027. The market is estimated to\u00a0register a CAGR of 20.32%<\/b>, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.\u00a0Read our Sample Report<\/a><\/b><\/p>\n \n The report also covers the following areas<\/b>:<\/b><\/p>\n Meal Kit Market<\/span> 2023-2027: Segmentation<\/b><\/p>\n The meal kit market is segmented as follows:<\/p>\n The\u00a0market share growth by the vegetarian segment <\/b>will be significant during the forecast period.\u00a0With a significant shift from non-vegetarian meals to vegetarian or vegan meal kits, especially in countries such as the UK, the US, and Germany<\/span>, vegetarian meal kit delivery services are expected to grow. Many vendors are offering vegan meal kits as per the needs and taste preferences of consumers.<\/p>\n Receive our market sample report now to gain access to a detailed analysis of the meal kit market, request a sample report!<\/a><\/b><\/p>\n Meal Kit Market<\/span> 2023-2027: Vendor Analysis and Scope<\/b><\/p>\n Some of the major vendors of the meal kit market include Albertsons Companies Inc., Bistro MD LLC, Blue Apron Holdings Inc., Gobble Inc., HelloFresh SE, Koninklijke Ahold Delhaize NV, Marley Spoon AG, My Food Bag Ltd., Nestle SA, NH Foods Ltd., Oisix ra daichi Inc, Riverford Organic Farmers Ltd., Siam Food Services Ltd., SimplyCook Ltd., Sun Basket Inc., The Kroger Co., Tyson Foods Inc., William Jackson Food Group, and Woop Ltd.\u00a0To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 15+ vendors operating in the market. Meal Kit Market<\/span> 2023-2027: Market Dynamics<\/b><\/p>\n Key Drivers<\/b><\/p>\n Cost-effective solutions and the availability of diverse choices drive the growth of the meal kit market during the forecast period. <\/b>Since\u00a0meal kits enhance convenience, consumers\u00a0do not have to plan for groceries, which, in turn, saves time in preparing food.<\/p>\n Furthermore, it\u00a0encourages consumers to venture outside of their comfort zones in terms of ingredients and preparation techniques. Additionally, market vendors also ensure that the ingredients provided to consumers are fresh and in the appropriate quantity to prepare the meal. Hence, such factors boost the market growth during the forecast period.<\/p>\n Major Trends<\/b><\/p>\n The rise in demand for gluten-free meal kits is an emerging trend shaping the meal kit\u00a0market. <\/b>Consumers are increasingly looking for gluten-free food products due to the\u00a0awareness of the health effects of gluten. Furthermore, gluten-free food is generally consumed by individuals with gluten-related disorders such as Celiac disease and non-Celiac gluten sensitivity. Individuals with celiac disease\u00a0cannot process gluten that is present in foods such as wheat, rye, and barley.<\/p>\n This is because gluten\u00a0damages the small intestine lining and disrupts the absorption of nutrients from food. Hence,\u00a0many food service outlets are offering gluten-free food on their menus to cater to the demands of such customers.For instance, Sun Basket<\/span> offers gluten-free Korean BBQ chicken lettuce cups with a kimchi meal kit for those who are gluten-sensitive. Therefore, such factors will drive market growth during the forecast period.<\/p>\n Significant Challenges<\/b><\/p>\n The preference for home-cooked food challenges the growth of the meal kit market during the forecast period.\u00a0<\/b>Consumers are increasingly becoming health-conscious. So, they prefer\u00a0home-cooked food over food from food service delivery outlets, including meal kits.<\/p>\n Furthermore, home-cooked food is more economical than outside food. Other benefits like portion control, hygiene, food safety, better control over allergens, cost benefits, and maximum nutrients encourage consumers to opt for home-cooked food. Hence, such challenges impede market growth during the forecast period.<\/p>\n Why Buy?<\/b><\/p>\n Grow your profit margin with Technavio \u2013 Buy the Report!<\/a><\/u><\/b><\/p>\n Meal Kit Market<\/span> 2023-2027: Key Highlights<\/b><\/p>\n Gain instant access to 17,000+ market research reports.\u00a0<\/b><\/p>\n Technavio’s SUBSCRIPTION platform<\/a><\/b><\/p>\n Related Reports:<\/b><\/p>\n Meal Kit Market Scope<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n Report Coverage<\/span><\/p>\n<\/td>\n Details<\/span><\/p>\n<\/td>\n<\/tr>\n Base year<\/span><\/p>\n<\/td>\n 2022<\/span><\/p>\n<\/td>\n<\/tr>\n Historic period<\/span><\/p>\n<\/td>\n 2017-2021<\/span><\/p>\n<\/td>\n<\/tr>\n Forecast period<\/span><\/p>\n<\/td>\n 2023-2027<\/span><\/p>\n<\/td>\n<\/tr>\n Growth momentum & CAGR<\/span><\/p>\n<\/td>\n Accelerate at a CAGR of 20.32%<\/span><\/p>\n<\/td>\n<\/tr>\n Market growth 2023-2027<\/span><\/p>\n<\/td>\n USD 23,737.8 million<\/span><\/p>\n<\/td>\n<\/tr>\n Market structure<\/span><\/p>\n<\/td>\n Fragmented<\/span><\/p>\n<\/td>\n<\/tr>\n YoY growth 2022-2023(%)<\/span><\/p>\n<\/td>\n 19.56<\/span><\/p>\n<\/td>\n<\/tr>\n Regional analysis<\/span><\/p>\n<\/td>\n North America, Europe, APAC, South America, and Middle East and Africa<\/span><\/p>\n<\/td>\n<\/tr>\n Performing market contribution<\/span><\/p>\n<\/td>\n North America at 54%<\/span><\/p>\n<\/td>\n<\/tr>\n Key countries<\/span><\/p>\n<\/td>\n US, China, Japan, UK, and Germany<\/span><\/p>\n<\/td>\n<\/tr>\n Competitive landscape<\/span><\/p>\n<\/td>\n Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks<\/span><\/p>\n<\/td>\n<\/tr>\n Key companies profiled<\/span><\/p>\n<\/td>\n Albertsons Companies Inc., Bistro MD LLC, Blue Apron Holdings Inc., Gobble Inc., HelloFresh SE, Koninklijke Ahold Delhaize NV, Marley Spoon AG, My Food Bag Ltd., Nestle SA, NH Foods Ltd., Oisix ra daichi Inc, Riverford Organic Farmers Ltd., Siam Food Services Ltd., SimplyCook Ltd., Sun Basket Inc., The Kroger Co., Tyson Foods Inc., William Jackson Food Group, and Woop Ltd.<\/span><\/p>\n<\/td>\n<\/tr>\n Market dynamics<\/span><\/p>\n<\/td>\n Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.<\/span><\/p>\n<\/td>\n<\/tr>\n Customization purview<\/span><\/p>\n<\/td>\n If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n Table of Contents<\/b><\/p>\n 1 Executive Summary<\/p>\n 2 Market Landscape<\/p>\n 3 Market Sizing<\/p>\n 4 Historic Market Size<\/p>\n 5 Five Forces Analysis<\/p>\n
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