"Assisting You in Establishing Data Driven Brands"
The global vegan meal kit delivery market is recording significant expansion with an increase in health-conscious consumers and escalating dual working population. Vegan meal kit delivery is a service that offers plant-based meal kits to consumers at their homes, either in ready-to-eat/ready-to-cook form. This meal-delivery provides consumers with a range of dishes, varying from comfort foods to exotic cuisines.
In today’s world, most individuals are looking for nutritious and flavourful meal options without sacrificing their time in the kitchen. Further, these meals allow the option of customization, which appeals to consumers. As a result, this surging trend of hygiene foods and a wide variety of vegan meal kit options drives the market momentum.
Increasing Number of Vegan Population Facilitates the Industry’s Growth
The surge in vegan population is promoting vegan meal kit delivery for global consumers. In this era, the majority of consumers are gravitating toward plant-centric meals due to the rising veganism trend and increasing health benefits. In addition, the growing concerns regarding animal welfare and the adverse impact of animal-sourced products on the environment further boost the intake of plant-based meals.
According to a survey conducted by Smart Protein Project, a European commission-funded collaboration between ProVeg (a non-profit organization) and the Good Food Institute, another non-profit organization, 16% of the Italian respondents minimized their meat consumption.
Challenges in Logistics Activities of Vegan Meal Kits and High Cost May Restrict Market Growth
High prices and difficulties in the logistic activities of plant-centric meals are few of the prime hurdles in the global market. Compared to traditional meals, plant-centric meals are expensive, which can impede the market’s potential. Other than this, delivering vegan meal kits, comprising perishable food items, in a proper condition is another restraint in the market. This includes appropriate packaging and procuring high-quality organic ingredients. As a result, such difficulties limit the industry’s potential.
Soaring Celebrity Endorsements for Vegan Meal Kit Creates Growth Opportunities
The increasing celebrity endorsements for plant-based meal kits create lucrative opportunities for the market growth. In today’s digital era, the majority of consumers are inclined toward social media and are seeking similar products that are showcased on social media applications. Likewise, the prominent producers in the market are collaborating with famous vegan influencers and celebrities, which assists in popularizing clean – eating habits. Thus, such endorsements captivate the consumer’s attention, which, in turn, escalates the vegan meal kit deliveries.
|
By Meal Type |
By Service |
By Platform |
By Region |
|
|
|
|
Based on meal type, the market is segmented into frozen and fresh.
The frozen segment led the market in 2024 and is estimated to soar to a greater extent in the coming years. The increasing affordability and improved shelf life of frozen vegan meal kits are promoting the segment growth.
The fresh vegan meal kit segment is likely to dominate the market due to the rising consumer demand for fresh and minimally processed food. Fresh vegan meal kits offers many healthy food products such as vegetables, fruits, and others. It supports users in leading to more healthy and sustainable food consumption. As a result, the demand for fresh meal kits is anticipated to expand with the highest growth trajectory during the forecast period.
Based on service, the market is divided into subscription and non-subscription services.
The subscription segment is anticipated to lead the market owing to the augmented number of students and working professionals staying away from home or having minimal time for cooking. In such cases, individuals opt for subscription-based service in a daily, monthly, or weekly basis, which drives the vegan meal kit delivery market.
The non-subscription segment is likely to grow at the fastest rate and is anticipated to hold a large share in the future. The unplanned socializing culture and a sudden craving for a particular vegan meal kit can collectively escalate the growth of this segment.
Based on the platform, the market is divided into offline and online. The offline segment is further segmented into supermarkets/hypermarkets, convenience stores, and specialty stores.
The offline segment is anticipated to hold the largest share in the global market. The availability and accessibility of vegan meal kits across various offline stores such as supermarkets, hypermarkets, specialty stores, and convenience stores are significantly influencing segmental dominance across the world.
The online stores segment is anticipated to exhibit the highest CAGR during the forecast period. Door delivery, at-home eating, and convenience are a few prominent factors that drive the online platform's popularity. Additionally, exotic offers and discounts are appealing to consumers who want to purchase the product from online platforms. Therefore, the segment is anticipated to expand with the highest growth trajectory over the forecast period.
Based on the region, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
The North America market is anticipated to lead in the market. It is predicted to bolster at a higher pace in the near term. Owing to their hectic lifestyle, most consumers lack enough time to cook their meals, which fuels their reliance on vegan meal kits. Moreover, the growing adoption of e-commerce services and the surging availability of vegan meal kits further attract a wide consumer base.
The Asia Pacific market is estimated to register the highest CAGR throughout the forecast period. The rising adoption of veganism and a large presence of plant-based meal manufacturers in the Asia Pacific are contributing to the regional growth.
· In July 2023, Just Vegan, a meal delivery service in Australia, announced its USD 451.25 thousand seed round to launch their meal kit delivery service across Australia.
Expand Regional and Country Coverage, Segments Analysis, Company Profiles, Competitive Benchmarking, and End-user Insights.
Related Reports
Get In Touch With Us
US +1 833 909 2966 ( Toll Free )