The prepared meal delivery market has experienced rapid growth, surging from $13.6 billion in 2023 to $15.65 billion in 2024, showcasing a CAGR of 15.0%. This growth is driven by changing work patterns and a rising awareness of healthy eating. Projections indicate the market will reach $28.26 billion by 2028 at a CAGR of 15.9%, influenced by convenience trends and a focus on sustainability.
Major Driver In The Prepared Meal Delivery Market
The prepared meal delivery service market is experiencing growth fueled by the preference for junk meals among the working population and students seeking convenience. Junk meals, characterized by their pre-prepared nature and immediate consumption, appeal to consumers looking for quick meal solutions. The success of meal kit delivery services lies in their ability to cater to individuals who want to cook without the hassle of grocery shopping. With busy parents, millennials, working couples, and individuals with specific dietary needs embracing pre-planned meal options, the prepared meal delivery service market is expanding to meet diverse consumer demands.
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Prepared Meal Delivery Market Competitive Landscape
HelloFresh SE, EveryPlate, Home Chef, Marley Spoon Inc., Dinnerly, FreshDirect LLC, Hungryroot Inc., Misfits Market Inc., Green Chef Corporation, Sun Basket Inc., Blue Apron Holdings Inc., CookUnity Inc., Trifecta Nutrition Inc., Daily Harvest Inc., Freshly Inc., Snap Kitchen Holdings LLC, Purple Carrot Inc., Gobble Inc., Factor 75 LLC, Diet-To-Go Inc., Hungry Harvest Inc., Fresh n' Lean LLC, Munchery Inc., PlateJoy Inc., RealEats America Inc., Chef'd LLC, Foodstirs Inc., 1 Potato, Splendid Spoon Inc., PeachDish LLC
Key Prepared Meal Delivery Market Trend
Contactless delivery is the new trend gaining popularity in the market. As the COVID-19 pandemic continues to wreak havoc across 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 instance, in November 2021, Ottonomy, a US-based provider of contactless deliveries of food and lifestyle products, launched contactless food delivery with the LA-based mobile ordering app, Crave, focusing on the restaurant and hospitality sectors. Ottonomy has been piloting both indoor and outdoor delivery in markets across the country in multiple industries and sectors including airport and retail.
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Prepared Meal Delivery Market Segmentation
The prepared meal delivery market covered in this report is segmented –
1) By Supply: Cook And Eat, Heat And Eat
2) By Service: One, Several
3) By Platform: Online, Offline
By Geography:The regions covered in the prepared meal delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the prepared meal delivery market in 2023.
The Prepared Meal Delivery Global Market Report 2024 furnishes information about the global prepared meal delivery market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
