The COVID-19 pandemic has offered a huge opportunity to the market for meal kit delivery services as almost all the restaurants, eateries, and hotels were shut down across the globe. The increasing preference for the product is driven by the benefits of homemade meals as they are more economical in comparison to takeouts and home delivery services. The delivery service has been gaining high popularity and adoption among generation Y and Z. Increasing preference for home-cooked and chef-cooked food among millennials is a major factor contributing to the growth of the market. The global meal kit delivery services market size was valued at USD 15.21 billion in 2021 and is expected to witness a compound annual growth rate (CAGR) of 17.4% from 2022 to 2030.
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