The prepared meal delivery market involves companies that deliver pre-portioned ingredients and recipes for home-cooked meals directly to consumers. Meal kit delivery services save time spent grocery shopping and meal planning by providing all ingredients needed to prepare a home-cooked meal. The ingredients are pre-portioned to exact amounts required by each recipe, reducing food waste. meal kit delivery services allow consumers to enjoy home-cooked meals with minimal preparation time commitment. The Global Prepared Meal Delivery Market is estimated to be valued at US$ 23.85 Bn in 2024 and is expected to exhibit a CAGR of 11.88.% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Prepared Meal Delivery Market Growth are 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. Prepared meal delivery services are seeing growing demand due to increasing preference for home-cooked meals and lack of time for grocery shopping and meal preparation among busy consumers. Major players are expanding globally to tap the growth opportunities in international markets and meet the rising demand.

Market drivers

The key driver for the growth of prepared meal delivery market is the increasing demand for convenience foods. Busy lifestyles and dual income households leave consumers with little time to plan meals and go grocery shopping every week. Meal kit delivery services save time by providing all ingredients pre-portioned, and come with recipes and instructions to prepare home-cooked meals with minimal effort. This has led to rising popularity of such services. Another major factor fueling the market growth is the ability to enjoy home-cooked meals without compromising on health or budget. Meal kits promote healthier eating as ingredients are fresh and of higher quality compared to ready-to-eat convenience foods.

Fastest growing region for Prepared Meal Delivery Market

Asia Pacific region is expected to see the fastest growth in the prepared meal delivery market over the forecast period. Economic development, increasing urbanization and dual income households are driving the demand for convenient packaged and ready-to-eat food options in countries like India, China and Indonesia. Local players in these emerging markets offer affordable price points and cuisine customization to attract new users. Favorable government support for startups, growing internet and smartphone penetration will aid expansion of prepared meal delivery services across Asia Pacific in the coming years.

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