According to Future Market Insights, the global chilled meal kits market size is expected to grow from US$ 10,062 Mn in 2023 to US$ 26,4 36.6 Mn by 2033. Overall sales of chilled meal kits are projected to rise at an impressive CAGR of 16.3% between 2023 and 2033.
Rising consumer demand for convenient prep meals across the world is a key factor driving the global chilled meal kits market industry forward and the trend is expected to continue during the forecast period.
Chilled meal kits are convenient for consumers as they provide them with pre-made ingredients or items required to cook meals at home quickly. They help them to save their precious time as they do not have to go through the hassle of buying all separate ingredients and spending time preparing each dish from scratch.
The growth of this market will also be fuelled by an increase in consumers’ interest in healthier eating options that can be fixed quickly but still taste great. This demand is being met with constant innovation from meal kit providers who tailor their offerings according to customer needs and trends in different parts of the World.
Similarly, factors such as changing lifestyles and eating habits, rapid urbanization, and busy schedules are expected to generate high demand for chilled meal kits during the forthcoming decade.
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Key Takeaways from Market Study
Overall demand for chilled meal kits is anticipated to rise at 16.3% CAGR from 2023 to 2033.
Based on product, the vegetarian segment is poised to grow at a higher CAGR during the forecast period.
North America and Europe together hold the largest market share of the worldwide chilled meal kits industry.
The U.K. chilled meal kits market is projected to grow at a CAGR of 12.6% between 2023 and 2033.
India’s chilled meal kits market is projected to grow at 20.0% CAGR over the assessment period.
Currently, the U.S. holds a share of 33.2% in the global chilled meal kits market.
“In the long run, the increased focus on chilled meal kits consumption in developed regions such as North America and Europe is projected to provide profitable opportunities for market participants. “, -says a lead analyst at Future Market Insights.
Who is Winning?
There has been an increase in the number of suppliers, manufacturers, and distributors operating in chilled meal kits market space during the last few years as more and more consumers are demanding higher-quality meal kit products.
In response to growing market demand for chilled meal kits, manufacturers have stepped up production capabilities. They are using innovative strategies to streamline operations, such as automation and advanced robotics technologies. This has helped them reduce costs while increasing their output efficiency. As a result, many of these manufacturers have been able to grow their presence in the global market by expanding into new countries or regions. At the same time, retailers have responded by providing a wide selection of chilled meal kits on their shelves.
Key players in the global chilled meal kits market are Tyson Foods, Inc. (Tyson Taste Makers), Hello Fresh SE, Campbell’s, Home Chef (The Kroger company, Blue Apron Holdings, Inc., Gousto, Martha &Marley spoon, Sun basket, Lina’s Mat kassel (LMK Group AB), My Food Bags Ltd, Dinner (MMM Consumer brand Inc.), Purple carrot, Gobble Inc., and Hungry root.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Chilled Meal Kits presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the demand for chilled meal kits based on product (vegetarian and non-vegetarian (poultry based, beef based, pork based, seafood based), customer age (18-30,31-45,45-60, 60 onward), gender (female, male), and sales channel (stored-based retailing, modern grocery store (convenience store, discounters, hypermarket, supermarket) traditional retailers (food specialist, independent small grocers, other grocers), online retailing/delivery, direct sales) and across seven major regions.
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Frequently Asked Questions
- How big is the global market for chilled meal kits?
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- At what rate will the market for chilled meal kits grow in China?
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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