Top Emerging Trends in the Global Meal Kit Delivery Service Market | Technavio

20-Apr-2018 Intellasia | BusinessWire | 7:49 PM Print This Post

LONDON–(BUSINESS WIRE)–#FoodService–Technavio’s latest market research report on the global
meal kit delivery service market
provides an analysis of the
most important trends expected to impact the market outlook from
2018-2022. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.


According to Technavio market research analysts, the global
meal kit delivery service market
will grow at a CAGR of almost 21%
during the forecast period. Customers looking for convenient option
with the advent of faster lifestyle is a major factor driving the
market’s growth.

Meal kit delivery service enhances convenience as consumers do not have
to plan for groceries, which saves time to prepare food. It also
encourages consumers to step outside of their comfort zones in terms of
ingredients and preparation techniques. Players in the market ensure
that the meal kit provided to the consumers has easy-to-follow recipes,
cooking tips, as well as the exact amount of ingredients required to
prepare the meal, in a convenient, pre-packaged box. They also ensure
that consumers get fresh ingredients that are in the right quantity to
prepare the meal. This helps single person household and double income
households to get freshly prepared meals.

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In this report, Technavio highlights the rise in demand for gluten-free
meal kits as one of the key emerging trends driving the global meal kit
delivery service market:

Gluten-free meal kits on demand

Gluten is a type of protein present in several types of grains.
Consumers are increasingly looking for gluten-free food products owing
to the awareness about the health effects of gluten. Gluten-free food is
generally consumed by individuals with gluten-related disorders such as
celiac disease and non-celiac gluten sensitivity. Celiac disease is an
autoimmune disorder that damages the small intestine.

“For individuals suffering from celiac disease, the small intestine
cannot process gluten that is present in foods such as wheat, rye, and
barley. It damages the linings of the small intestine and disturbs the
absorption of nutrients from food. Therefore, many food service outlets
are offering gluten-free food on their menus to cater to the demand from
such customers,”
says a senior analyst at Technavio for research on food
service
.

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Global meal kit delivery service market
segmentation

This market research report segments the global meal kit delivery
service market into the following products (non-vegetarian and
vegetarian) and key regions (the Americas, APAC, and EMEA).

The non-vegetarian segment held the largest market share in 2017,
accounting for nearly 62% of the market. The market share for this
product is expected to decrease by 2022. The fastest growing product is
vegetarian, which will account for nearly 38% of the total market share
by 2022.

The Americas was the leading region for the global
meal kit delivery service market
in 2017, accounting for a
market share of nearly 60%. By 2022, the Americas will continue
dominating the market and register the highest growth rate of more than
2%.

 

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