Meal Kit Delivery Service Market Size, Share, Growth Analysis, By Offering(Heat & eat and cook & eat), By Service(Single meal kit and multiple meal kit), By Platform(Online and offline), By Business transaction(Business-to-Business, Business-to-Consumer and Consumer-to-Consumer), By Region - Industry Forecast 2024-2031

Meal Kit Delivery Services Market size was valued at USD 17.92 billion in 2019 and is poised to grow from USD 20.55 billion in 2023 to USD 53.68 billion by 2031, at a CAGR of 14.70% during the forecast period (2024-2031).

Meal kits are a new concept in the food and beverage industry in which a customer receives a pre-cooked meal or half-cooked food products on a regular basis delivered to their home or desired location. A customer in this case receives customized food ingredients based on their preferences, either for personal use or for the entire family. Furthermore, the customer receives these products on a regular basis, such as every weekend or every month. This service helps customers choose healthy ingredients for a healthy lifestyle all year. It also saves them the time and effort of going to the market and searching for every single food ingredient for their kitchen.

Earlier, only foods like pizza and Chinese food could be delivered that were of restaurant-quality. However, meal kit delivery is a worldwide business that is anticipated to grow quickly throughout the projected period. Meal kit delivery services have become more popular all around the world thanks to the emergence of appealing, user-friendly applications, smart driver networks, and creation of new mobile applications. The trend toward convenience has greatly risen and is predicted to keep rising throughout the forecast period. Over the predicted period, rapidly expanding online penetration has been a major factor in the growth of meal kit delivery market. The meal delivery industry experienced significant growth and is anticipated to continue to do so in the upcoming years. The growing preference for the meal kit is driven by the benefits of homemade meals. They are more economical when compared to takeout and home delivery services.

US Meal Kit Delivery Service Market is poised to grow at a sustainable CAGR for the next forecast year.