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Global Meal Kit Delivery Services Market Is Expected To Reach USD 18767.88 Million By 2024
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A meal kit is a subscription service that sends customers pre-portioned food ingredients and recipes for them to prepare home cooked meals. Services that send pre-cooked meals are called meal delivery services. This subscription model is an example of personalization in the food and beverage industry that is becoming more popular and wide-spread.

A meal kit is a subscription service that sends customers pre-portioned food ingredients and recipes for them to prepare home cooked meals. Services that send pre-cooked meals are called meal delivery services. This subscription model is an example of personalization in the food and beverage industry that is becoming more popular and wide-spread.

The global meal kit delivery services market is expected to reach USD 18767.88 million by 2024, growing at a CAGR of more than 21.75% from 5762.78 million in 2018; The meal kit delivery services market is very fragmented market; key players include Hello Fresh, Blue Apron, Home Chef, Marley Spoon?, Sun Basket, Abel & Cole, Riverford, Gousto, Quitoque, Kochhaus, Middagsfrid, Allerhandebox, Chefmarket, Kochzauber, Fresh Fitness Food, Mindful Chef; the revenue of top ten manufacturers accounts about 50% of the total revenue in 2018. 

The meal kit delivery services are classified into the ready-to-eat food?and fresh ingredients. As of 2017, ready-to-eat food service segment dominates the market contributing more than 86% of the total market share of the total market. Depending on end user, the meal kit delivery services market mainly includes personal meal kits and family meal kits. As of 2018, personal meal kits occupied the largest market, with about 83% share, reaching 4.8 billion USD, while family meal kits service shows a growing trend in global

Global Info Research analysis of the meal kit delivery services market indicated that North America would account for the highest market in 2024 as a result of advanced life level and mature market, but Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, India and are working towards penetrating this market by strengthening their sales and distribution networks.

Although the market competition of meal kit delivery services is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of meal kit delivery services and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.