LONDON--(BUSINESS WIRE)--Technavio has been monitoring the meal kit delivery services market and it is poised to grow by USD 15.93 billion during 2020-2024, progressing at a CAGR of over 18% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- What are the major trends in the market?
- Customers looking for convenient options with the advent of faster lifestyle is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of over 18%, the incremental growth of the market is anticipated to be USD 15.93 billion.
- Who are the top players in the market?
- Albertsons Companies Inc., Blue Apron Holdings Inc., Fresh Direct LLC, HelloFresh SE, Mindful Chef Ltd., Relish Labs LLC, SCA Investments Ltd., SunBasket Inc., Three Limes Inc., and Tyson Foods Inc. are some of the major market participants.
- What are the key market drivers and challenges?
- Growing use of advanced analytics tools is one of the major factors driving the market. However, the fluctuations in food commodity prices restraints the market growth.
- How big is the North America market?
- The North America region will contribute 56% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Albertsons Companies Inc., Blue Apron Holdings Inc., Fresh Direct LLC, HelloFresh SE, Mindful Chef Ltd., Relish Labs LLC, SCA Investments Ltd., SunBasket Inc., Three Limes Inc., and Tyson Foods Inc. are some of the major market participants. The growing use of advanced analytics tools will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Meal Kit Delivery Services Market 2020-2024: Segmentation
Meal Kit Delivery Services Market is segmented as below:
-
Product
- Vegetarian
- Non-vegetarian
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Meal Kit Delivery Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The meal kit delivery services market report covers the following areas:
- Meal Kit Delivery Services Market Size
- Meal Kit Delivery Services Market Trends
- Meal Kit Delivery Services Market Analysis
This study identifies the demand for convenient options with the advent of faster lifestyle as one of the prime reasons driving the meal kit delivery services market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Meal Kit Delivery Services Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist meal kit delivery services market growth during the next five years
- Estimation of the meal kit delivery services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the meal kit delivery services market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of meal kit delivery services market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Non-Vegetarian - Market size and forecast 2019-2024
- Vegetarian - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Albertsons Companies Inc.
- Blue Apron Holdings Inc.
- Fresh Direct LLC
- HelloFresh SE
- Mindful Chef Ltd.
- Relish Labs LLC
- SCA Investments Ltd.
- SunBasket Inc.
- Three Limes Inc.
- Tyson Foods Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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