Diabetic Meal Delivery Services Market Size, Share, Growth, and Industry Analysis by Type (Cooked Meal, and Uncooked), By Application (Below 60 Years Old, and Above 60 Years Old), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Diabetic Meal Delivery Services Market Report Overview

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The global diabetic meal delivery service market size is estimated to be USD 1403.8 million in 2021 and is projected to touch USD 10688.96 million by 2031, exhibiting a CAGR of 22.5% during the forecast period.

Meal delivery service is a type of courier service in which a consumer receives food from a restaurant, shop, or independent diabetic meal delivery business. A popular way to place an order is through a meal delivery service, a restaurant or grocery store's website, or a mobile app. The goods are often delivered in boxes or bags and can contain meals, sides, drinks, desserts, or shopping items. Recently, deliveries have also been completed using autonomous vehicles. Depending on the delivery service, customers can choose to pay online or in person, with cash or a credit card.

The food may be delivered through easy-to-use user interface. The user interface helps user from any age use it to order food for themselves or others. Overtime the interfaces have added several filters to cater to several customers. The recent categorization of diabetic and non-diabetic meal delivery services has helped effectively for users diagnosed with diabetes. This differentiation is looked to boost the global diabetic meal delivery service market.

COVID-19 Impact: Lockdown Drove the Need for the Market

The global COVID-19 pandemic has been unprecedented and staggering, with diabetic meal delivery services experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is a byproduct of the diabetic meal delivery service market growth and demand returning to pre-pandemic levels once the pandemic is over.

COVID-19 had a life changing impact globally. The global diabetic meal delivery service market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for diabetic meal delivery services experienced a major boost.

McKinsey stated that the global diabetic meal delivery services market doubled during the COVID-19 pandemic. There was a staggering growth of 8% caused by the novel corona virus. When lockdowns were most grieved across the globe, the market spiked. As the virus was spreading with a whisk of breath, people did not want to risk by going outdoors. Hence major part of the population resorted to online meal delivery services to stay safe.

An article published by National Library of Medicine studied the customer response to diabetic meal delivery services during the COVID-19 pandemic. The experiment concluded that customers who wished to have reduced human contact, less product involvement and so on were more likely to order online. Online delivery services also assisted in delivering specific foods for patients without having the need for crowding public spaces, thereby reducing the need for human contact.

Diabetic Meal Delivery Services Market Segmentation

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• By Type

Based on type, the market is divided into Cooked Meal and Uncooked. The cooked meal segment will capture the maximum market share through 2028.

• By Application

Based on application, the market is bifurcated into Below 60 Years Old and Above 60 Years Old. The below 60 years segment will hold the dominant market share over 2022-2028.

DRIVING FACTORS

"Rapid Shift to Digital Technology to Boost Demand"

The rapid transition to digital technology and expanding options are key factors to drive the global diabetic meal delivery service market. Since there is a massive range of food and cuisine variety are fueling the market growth. The rising demand also grew the demand for supply, thereby increasing employment rates. An increasing number of customers are shopping online through platforms owing to clarity and convenience, hectic work schedules and ease of payment.

"Increasing Diabetic Patients to Cause Market Growth"

There has been a drastic increase in the number of diabetic patients across the globe. People across all ages have been diagnosed with diabetes. This is predicted to boost the global diabetic meal delivery service market. A survey established by WHO indicates that 422 million people in the world have diabetes. According to International Diabetes Federation, the number is expected to reach to 643 million by 2030. This increase in diabetic patients would directly influence the use the diabetic meal delivery services available.

"Growing Competition May Hamper Market Growth"

Additionally, offering diabetic meal delivery service may not be possible for smaller eateries. These restaurants are frequently run by families, and in order for the business to succeed, every family member must work there. Simply put, it will frequently not be possible to provide cost-effective meal delivery with the remaining staff. Restaurants that don't adapt to the shifting client preferences will eventually go out of business because our world is constantly changing. As a result, many eateries that refuse to deliver their food will no longer be able to compete.

RESTRAINING FACTORS

"Automation to Benefit Market Prospects"

Fareye has listed a couple upcoming trends in the global diabetic meal’s delivery service market. Diabetic meal delivery service is anticipated to be accomplished using drones. Robots’ complete autonomous deliveries. Starship Technologies robots are sometimes used by businesses to deliver groceries. Students at George Mason University can direct the same robots to pick up food from nearby eateries and food shops. Similar to how drone deliveries became economically viable, when these autonomous deliveries become too, they will occupy a major share of the market.

Fareye also listed diabetic meal delivery service from cloud kitchens. These are primarily restaurant kitchens that exclusively take online meal ordering and delivery requests. These facilities do not allow sitting or eating in. These facilities are widely available throughout the world thanks to inexpensive real estate prices and a specialized but wealthy customer base. Businesses need a reliable diabetic meal delivery service platform to make sure they can benefit the most from this kind of meal service.

Diabetic Meal Delivery Services Market Regional Insights

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"Asia Pacific Dominates the Market owing to Large Geriatric Population "

Asia Pacific countries are a major producer for global diabetic meal delivery service market. Asia Pacific was the major shareholder owing to the massive growing demand for online services. Rapid urbanization and inclining economic growth in the past few years have impacted the market positively. The global diabetic meal delivery service market is witnessing a gradual growth considering the ease of convenience and user-friendly choices.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• HelloFresh [Germany]
• Blue Apron [U.S.]
• Home Chef [U.S.]
• Marley Spoon [Australia]
• BistroMD [U.S.]
• Home Bistro [U.S.]
• Diet-to-Go [U.S.]
• Sunbasket [U.S.]
• Nutrisystem [U.S.]
• Magic Kitchen [U.S.]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.