PREPARED MEAL DELIVERY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The Prepared Meal Delivery Market is estimated to be valued at USD 10.92 Bn in 2024 and exhibit a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031. The prepared meal delivery market has seen significant growth over the past few years. Factors such as the fast-paced lifestyle adopted by consumers and lack of time for cooking meals at home have boosted the demand for ready-to-eat meals. Moreover, the millennial population is increasingly adopting online food delivery options due to the convenience offered. Prepared meal delivery services allow customers to select from a wide variety of healthy meal options that are then delivered directly to their doorstep with minimal effort. The prepared foods market offers customization options and diverse menus suited to individual preferences and tastes. Technological advancements have enabled prepared meal kits to be delivered safely by maintaining freshness and quality. With growing health-consciousness, these services allow people to have home-cooked nutritious meals without much hassle.

 Market Dynamics:

The key drivers fueling the prepared meal delivery market include increasing demand for hassle-free convenient meals, busier lifestyles, and growing healthcare awareness. However, high costs associated with prepared meal delivery kits and risk of uncertainties in food quality are some challenges faced by the market. Meanwhile, increasing penetration of online food delivery platforms as well as focus on providing customized menu options based on regional taste preferences present significant opportunities for prepared meal delivery services. New product innovations catering to specific dietary requirements including keto, paleo and vegan meal plans are also expanding the scope for market players.

 Key features of the study:

• This report provides in-depth analysis of the global prepared meal delivery market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global prepared meal delivery market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study 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, Fresh N Lean, CookUnity, Pete's Real Food, Mosaic Foods.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global prepared meal delivery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global prepared meal delivery market.

Detailed Segmentation-

• Product Type:
  • Ready to Eat Meals
  • Ready to Cook Meals
  • Specialty Meals
  • Others
• End User:
  • Households
  • Offices
  • Diet Specific
  • Others
• Delivery Frequency:
  • Weekly subscription
  • Bi-weekly subscription
  • Monthly subscription
  • Others
• Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • 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
  • Fresh N Lean
  • CookUnity
  • Pete's Real Food
  • Mosaic Foods