According to a new report published by Allied Market Research, titled, "Meal Kit Market," The meal kit market size was valued at $11.1 billion in 2021, and is estimated to reach $43.4 billion by 2031, growing at a CAGR of 14.9% from 2022 to 2031.

Meal kits are a wonderful alternative to grocery shopping because they reduce the number of trips, provide a healthy meal, and save time and money. In order for consumers to conveniently finish cooking meals at home, market players who prepare and supply fresh ingredients, pre-cooked meals, half-cooked food items, and personalized food ingredients provide meal kits.

Key Players:-

Blue Apron, LLC., Daily Harvest, Fresh n' Lean, Global Belly, Gobble, Gousto, HelloFresh, Hungryroot, Marley Spoon AG, Nestlé Group, Oisix ra Daichi Inc., Pruvit Ventures, Inc., Snap Kitchen, LLC., The Kroger Co., and Yumble

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Key Findings of the Study:-

>By meal type, the non-vegetarian segment accounted for the highest market share in 2021, growing at a CAGR of 14.5% from 2022 to 2031.
>By offering type, the cook & eat segment accounted for the highest meal kit market share in 2021, growing at a CAGR of 14.2% from 2022 to 2031.
>By distribution channel, the online segment accounted for the highest meal kit market share in 2021, growing at a CAGR of 14.9% from 2022 to 2031.
>By region, North America occupied the maximum share in the market in 2021 and is expected to be the dominating segment during the meal kit market forecast period.

Many meal kit providers offer vegetarian and gluten-free menu options to their customers. Additionally, there are an increasing number of specialty meal kit providers that meet certain dietary requirements and tastes.

Meal kits provide consumers with a nutritious diet since nowadays consumers are more conscious of what they eat and the consequences of diet on their health. In general, customers want a healthy and nourishing diet for themselves.

Due to its fresh ingredients and lack of additives or preservatives, the meal kit is often healthier than ready-to-eat food provided to consumers. Market participants offer people the option to select meals that fit their diets or those recommended by nutritionists which are ideal for their bodies and health. Such health benefits offered by meal kits are expected to drive the meal kit market growth.

The fact that meal kit services are not being offered in tier 2 and tier 3 cities can hamper the growth of the meal kit industry because a substantial portion of potential customers is going untapped. Due to their short shelf life and the extra care they require, meal kits are not readily available in these cities.

Along with this, the high price of meal kits in comparison to the traditional way of cooking is also the factor that is restraining tier 2 and tier 3 cities people from using meal kit services.

There has been a meal kit market opportunity for growth owing to the personalized kits being offered by the players in the market attracting consumers as personalized kits offer consumers to choose meals according to their tastes and preference.

For instance, HelloFresh and Home Chef are providing meal kits according to the preference of the consumer. Such an option to consumers of opting for their meal kit according to their diet and taste is attracting consumers to the market.

Due to the rise in the number of vegans as a result of growing public awareness of animal cruelty, there has been a surge in the demand for plant-based foods