Market Research Report
Meal Kit Delivery Services
|Meal Kit Delivery Services|
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 379 Pages
Delivery time: 1-2 business days
Global Meal Kit Delivery Services Market to Reach $17.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Meal Kit Delivery Services estimated at US$8.3 Billion in the year 2020, is projected to reach a revised size of US$17.8 Billion by 2027, growing at aCAGR of 11.5% over the period 2020-2027. Heat & Eat, one of the segments analyzed in the report, is projected to record 11% CAGR and reach US$11.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cook & Eat segment is readjusted to a revised 12.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 15% CAGR
The Meal Kit Delivery Services market in the U.S. is estimated at US$2.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2027 trailing a CAGR of 15% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.1% and 9.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.
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