Major players in the prepared meal delivery market are Blue Apron, EveryPlate, Freshly, Gobble, Green Chef Corporation, HelloFresh, Relish Labs (Home Chef), Hungryroot, Marley Spoon , Purple Carrot, Fresh n' Lean, Sun Basket, Factor75, Trifecta, Snap Kitchen, Daily Harvest, Splendid Spoon, Diet-To-Go, RealEats, Chef'd, Foodstirs, Green Chef, FreshDirect, Munchery, 1 Potato, PeachDish, and Terra's Kitchen.
The global prepared meal delivery market is expected to grow from $10.29 billion in 2021 to $11.68 billion in 2022 at a compound annual growth rate (CAGR) of 13.5%. The market is expected to grow to $19.64 billion in 2026 at a compound annual growth rate (CAGR) of 13.9%.
The prepared meal delivery market consists of sales of prepared meals by entities (organizations, sole traders, and partnerships) that provide prepared meals through subscription-based business model in which companies send clients ready-to-cook fresh ingredients for home-cooking meals. Prepared-meal delivery services are convenient, consisting of meals that can be simply reheated or cooked instantly and consumed, with minimum cooking, cutting, or cleaning required.
The main types of supplies in the prepared meal delivery market are cook and eat and heat and eat. Cook-and-eat meals provide customers the taste of a home-cooked meals where raw ingredients that have been precut, seasoned, and combined makeup cook and eat meals. The different prepared meal delivery services include one and several, available through online and offline platforms.
North America was the largest region in the prepared meal delivery market in 2020. Asia Pacific was the second largest market in prepared meal delivery market. The regions covered in the prepared meal delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Increasing preference for junk meals by the working population and students is the major driving factor of the prepared meal delivery market. Junk meals are pre-prepared or packaged food are extremely convenient and can be consumed immediately. The meal kit delivery industry has been a big success because it appeals to consumers who want to cook their own food without having to go grocery shopping. These are popular with busy parents, millennials, individuals juggling several jobs, working couples, and people with particular diet needs who prefer pre-planned items or meals so they can create meals quickly. Hence, preference for junk meals is driving the growth of the prepared meal delivery service market.
Contactless delivery is the new trend gaining popularity in the prepared meal delivery market. As the COVID-19 pandemic continues to wreak havoc over the globe, social separation will remain a well-established way of life. Food outlets are embracing innovative food delivery platforms to drive seamless contactless deliveries, keeping the safety of customers and delivery personnel in mind. For example, Zomato, an India-based food delivery company, and Swiggy, an Indian-based food delivery company have started contactless delivery in 2020. Domino’s Pizza, a Michigan-based pizza delivery chain has also started a no-contact pizza delivery service in the year 2020.
In November 2020, HelloFresh, a Germany-based meal kit subscription company acquired Factor75, Inc., for a deal amount of $277 million. With this acquisition HelloFresh's ambition to strengthen its leading position and expand its total addressable market in the United States. The combined resources, operational excellence, and data-driven strategy will benefit both organizations. Factor75, Inc. is a USA-based provider of meal preparation and delivery services with the goal of providing a perfect mix of nutrients and flavor to improve mental and physical performance.
The countries covered in the Prepared Meal Delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
This product will be delivered within 1-3 business days.
The global prepared meal delivery market is expected to grow from $10.29 billion in 2021 to $11.68 billion in 2022 at a compound annual growth rate (CAGR) of 13.5%. The market is expected to grow to $19.64 billion in 2026 at a compound annual growth rate (CAGR) of 13.9%.
The prepared meal delivery market consists of sales of prepared meals by entities (organizations, sole traders, and partnerships) that provide prepared meals through subscription-based business model in which companies send clients ready-to-cook fresh ingredients for home-cooking meals. Prepared-meal delivery services are convenient, consisting of meals that can be simply reheated or cooked instantly and consumed, with minimum cooking, cutting, or cleaning required.
The main types of supplies in the prepared meal delivery market are cook and eat and heat and eat. Cook-and-eat meals provide customers the taste of a home-cooked meals where raw ingredients that have been precut, seasoned, and combined makeup cook and eat meals. The different prepared meal delivery services include one and several, available through online and offline platforms.
North America was the largest region in the prepared meal delivery market in 2020. Asia Pacific was the second largest market in prepared meal delivery market. The regions covered in the prepared meal delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Increasing preference for junk meals by the working population and students is the major driving factor of the prepared meal delivery market. Junk meals are pre-prepared or packaged food are extremely convenient and can be consumed immediately. The meal kit delivery industry has been a big success because it appeals to consumers who want to cook their own food without having to go grocery shopping. These are popular with busy parents, millennials, individuals juggling several jobs, working couples, and people with particular diet needs who prefer pre-planned items or meals so they can create meals quickly. Hence, preference for junk meals is driving the growth of the prepared meal delivery service market.
Contactless delivery is the new trend gaining popularity in the prepared meal delivery market. As the COVID-19 pandemic continues to wreak havoc over the globe, social separation will remain a well-established way of life. Food outlets are embracing innovative food delivery platforms to drive seamless contactless deliveries, keeping the safety of customers and delivery personnel in mind. For example, Zomato, an India-based food delivery company, and Swiggy, an Indian-based food delivery company have started contactless delivery in 2020. Domino’s Pizza, a Michigan-based pizza delivery chain has also started a no-contact pizza delivery service in the year 2020.
In November 2020, HelloFresh, a Germany-based meal kit subscription company acquired Factor75, Inc., for a deal amount of $277 million. With this acquisition HelloFresh's ambition to strengthen its leading position and expand its total addressable market in the United States. The combined resources, operational excellence, and data-driven strategy will benefit both organizations. Factor75, Inc. is a USA-based provider of meal preparation and delivery services with the goal of providing a perfect mix of nutrients and flavor to improve mental and physical performance.
The countries covered in the Prepared Meal Delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Prepared Meal Delivery Market
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Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | June 2022 |
Forecast Period | 2022 - 2026 |
Estimated Market Value ( USD | $ 11.68 billion |
Forecasted Market Value ( USD | $ 19.64 billion |
Compound Annual Growth Rate | 13.9% |
Regions Covered | Global |
Table of Contents
1. Executive Summary2. Prepared Meal Delivery Market Characteristics3. Prepared Meal Delivery Market Trends And Strategies4. Impact Of COVID-19 On Prepared Meal Delivery28. Key Mergers And Acquisitions In The Prepared Meal Delivery Market29. Prepared Meal Delivery Market Future Outlook and Potential Analysis
5. Prepared Meal Delivery Market Size And Growth
6. Prepared Meal Delivery Market Segmentation
7. Prepared Meal Delivery Market Regional And Country Analysis
8. Asia-Pacific Prepared Meal Delivery Market
9. China Prepared Meal Delivery Market
10. India Prepared Meal Delivery Market
11. Japan Prepared Meal Delivery Market
12. Australia Prepared Meal Delivery Market
13. Indonesia Prepared Meal Delivery Market
14. South Korea Prepared Meal Delivery Market
15. Western Europe Prepared Meal Delivery Market
16. UK Prepared Meal Delivery Market
17. Germany Prepared Meal Delivery Market
18. France Prepared Meal Delivery Market
19. Eastern Europe Prepared Meal Delivery Market
20. Russia Prepared Meal Delivery Market
21. North America Prepared Meal Delivery Market
22. USA Prepared Meal Delivery Market
23. South America Prepared Meal Delivery Market
24. Brazil Prepared Meal Delivery Market
25. Middle East Prepared Meal Delivery Market
26. Africa Prepared Meal Delivery Market
27. Prepared Meal Delivery Market Competitive Landscape And Company Profiles
30. Appendix
Executive Summary
Prepared Meal Delivery Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global prepared meal delivery market.This report focuses on prepared meal delivery market which is experiencing strong growth. The report gives a guide to the prepared meal delivery market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Description:
Where is the largest and fastest growing market for the prepared meal delivery? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Prepared Meal Delivery market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider prepared meal delivery market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The prepared meal delivery market section of the report gives context. It compares the prepared meal delivery market with other segments of the prepared meal delivery market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, prepared meal delivery indicators comparison.
Scope
Markets Covered:
1) By Supply: Cook And Eat; Heat And Eat2) By Service: One; Several
3) By Platform: Online; Offline
Companies Mentioned: Blue Apron; EveryPlate; Freshly; Gobble; Green Chef Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Blue Apron
- EveryPlate
- Freshly
- Gobble
- Green Chef Corporation
- HelloFresh
- Relish Labs (Home Chef)
- Hungryroot
- Marley Spoon
- Purple Carrot
- Fresh n' Lean
- Sun Basket
- Factor75
- Trifecta
- Snap Kitchen
- Daily Harvest
- Splendid Spoon
- Diet-To-Go
- RealEats
- Chef'd
- Foodstirs
- Green Chef
- FreshDirect
- Munchery
- 1 Potato
- PeachDish
- Terra's Kitchen
Methodology
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