The Meal Kit Subscription market was valued at $3,732.8 Million in 2022, and is projected to reach $13,757.7 Million by 2032. Source: Apollo Research Reports
Meal subscription platforms regularly cater to your health-conscious dietary needs at an affordable price. Users, in a standard course of action, are required to select the meal time (breakfast, lunch, snack, or dinner) and the subscription duration after availing of a free trial. Apollo Research Report, in its industry report titled 'The Exponential Growth in Meal Kit Subscription Market' shared that the healthy-meal subscription market is valued at $3,732.8 million in 2022 and is expected to touch $13,757.7 million by 2032, growing at a CAGR of 14%.
The Untapped Opportunity
As per Tracxn, a market intelligence platform, there are 25 startups in the meal subscription segment. Price and time are the biggest points why someone should opt for meal subscriptions. The biggest advantage meal subscription startups have over cloud kitchens and food aggregators is the pricing of their packages and deals. Since such platforms utilise every resource available, they try not to pressurise consumer pockets. For instance, since aggregators such as Swiggy and Zomato receive orders on request and need to deliver them in a stipulated period, they follow a one-rider-one order system. And the consumer ends up paying INR 30-70 more for the delivery charges. Whereas startups such as Sprink, a Bangalore-based venture, work on an efficient model where one rider is required to make a good number of deliveries, such as 50-100.
Denne historien er fra March 2023-utgaven av Entrepreneur magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra March 2023-utgaven av Entrepreneur magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
ROAD TO REGULATIONS
While ensuring safe and legal usage of Al, Indian parliamentarians call for a breathing space for startups to grow in
What It Takes To Run A Family Business
Assimilation involves role clarity, accountability trackers, quarterly dialogues, industry leader mentorship and external work experience
I Know Why Your Customer Service SUCKS
That's because I left my high-paying executive job, worked five low-wage frontline jobs, and experienced the problem firsthand. Here's what I learned about fixing it.
The Hire That Changed Everything
What roles do you need to fill at your company? It's sometimes hard to know. Here, six leaders share the hire they didn't realize they needed (and are so glad they made).
An Empowering Coin
The rise in female retail cryptocurrency investors and why the ecosystem needs more of them
Plans To Expand Presence Its India
To cater to its new segment, MediaTek is increasing its engineering presence and R&D development in India, says Anku Jain, MD, MediaTek India.
India Needs Homegrown Product Companies In Semiconductor
CADENCE DESIGN'S INDIA MD
GROWING WATER SCARCITY IN INDIA REPRESENTS AN OPPORTUNITY FOR NEW AGE START-UPS
The way in which India manages its scarce water resources accounts for much of its water woes.
Google's Shocking Surge in Carbon Emissions Sparks Industry-wide Sustainability Reassessment
According to International Energy Agency, (IEA), Global energy-related CO2 emissions grew by 0.9 per cent or 321 Mt in 2022, reaching a new high of over 36.8 Gt.
EV Industry Lauds UP Govt's Decision On Strong hybrid Vehicles
This comes after the Uttar Pradesh government had announced a threeyear exemption from tax and registration fees for the purchase of EVs which will be valid for five years for EVS manufactured within the state, last year.
