Meal Kit Industry to Experience Augmented Growth at a CAGR of 18.21% by 2030 Driven by Mounting Eco-Friendly Practices

One of the leading consulting, data analytics, and market research firm, Markntel Advisors, published a recent report titled, “Global Meal Kit Market Research Report: Forecast (2025-2030)”. The market is predicted to grow significantly in the coming years. The prominent factors that facilitate industry expansion are embracing eco-friendly practices which further involve the adoption of recycled or compostable packaging, sourcing ingredients from sustainable farms, and minimizing food waste. The integration of sustainability into meal kits seeks comprehensive attention from eco-conscious consumers. This facilitates in rising focus on eco-friendly practices, resulting in lucrative growth of the meal kit industry.

What was the Market Size of the Global Meal Kit Industry and its Yearly Growth Rate?

The Global Meal Kit Market size was valued at around USD 16.2 billion in 2023 and is estimated to grow at a CAGR of about 18.21% during the forecast period, i.e., 2025-30. The industry growth is further driven by the rapid growth of the female workforce coupled with the growing trend of cooking as a hobby among educated individuals.

Who are the Main Competitors Driving the Global Meal Kit Market Forward?

Major companies operating in the industry are Blue Apron LLC., Daily Harvest, Fresh n' Lean, Belly, Gobble, Gousto, HelloFresh, Hungryroot, Marley Spoon AG, Nestlé Group, Oisix ra Daichi Inc., Pruvit Ventures, Inc., Snap Kitchen, LLC., The Kroger Co., Yumble, Sun Basket, Bistro MD LLC, and others.

What is the Segmentation of the Global Meal Kit Market?

The Global Meal Kit market covered in this report is segmented –

• By Type of Diet: Vegan/Vegetarian, and Non-Vegetarian
• By Type of Meal Kit: Ready-to-Cook, and Ready-to-Eat
• By Cuisine Type: Continental, Indian, Arabic, Italian, Asian, International, and Others (Greek, Mexican, etc.)
• By Subscription Model: Weekly, Monthly, and Quarterly

North America’s Role as the Foremost Player in the Global Meal Kit Market

North America was the largest region in the market in 2023, and is expected to maintain the performance in the forecasting years. The regions covered in the marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. This is owing to the adoption of meal kit have revolutionized the region cooking by removing the hassle of meal planning, grocery shopping, and ingredient preparation.

What is the Meal Kit Industry Definition?

A meal kit is a pre-portioned package of ingredients with step-by-step instructions for preparing a meal at home. It usually includes all of the ingredients for a specific dish or recipe, allowing individuals to cook meals without having to go shopping for individual ingredients. These kits typically cater to a wide range of dietary preferences and cooking skill levels, providing convenience and ease of meal preparation.

Frequently Asked Questions (FAQs)-

1. What is the expected CAGR value of the Global Meal Kit Market during the forecast period?
2. What are the trends influencing the current scenario of the Global Meal Kit market?
3. What key factors would propel and impede the industry across the Country?
4. How has the industry been evolving in terms of geography & Global Meal Kit adoption?
5. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
6. Which is the Leading Type of diet segment in the Global Meal Kit market?