UAE Subscription-based Meals Market Report - By Cuisine Type (International/Wholesome, Indian, Arabic, Others), By Diet Type (Vegan/Vegetarian, Pescatarian/Non-Vegetarian), By Function (Fitness (Weigh... ... tion (Fitness (Weight-Loss, Muscle Gain, etc.), Regular Diet, Diabetic, Others (New Mums, etc.)), By Service Duration (Weekly, Monthly, Quarterly), and Others Read more
- Food & Beverages
- May 2024
- 110
- PDF, Excel, PPT
Market Definition
Subscription-based meals can be defined as a cooking service model in which consumers subscribe to the company to receive their cooked food delivered at the desired location as per their requirements. The subscription can be for daily purposes, biweekly, or weekly intervals. This includes entire prepared meals as well as ingredients to prepare a meal, providing convenience to the consumers along with customization and a variety of food options.
Market Insights & Analysis: The UAE Subscription-based Meals Market (2024-30):
The UAE Subscription-based Meals Market size is valued at USD 138.45 million in 2022 and is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2024-30. The market growth attributes to the increasing demand for ready-to-eat food products among the working individuals across the country. With the increasing middle-class population and the burgeoning working population at various commercial spaces & facilities, the demand for ready-to-eat and quick bites has been surging. The working populations have busy lifestyles with no or less time to prepare food, creating a demand for convenient, healthy, and freshly delivered food among the population surging demand for subscription-based meal offerings. Also, most of the working population across the UAE has hectic schedules, which proliferates the demand for subscription-based meals more in the country.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2019-22 |
| Base Year: 2023 | |
| Forecast Period: 2024-30 | |
| CAGR (2024-2030) | 4.2% |
| Region Covered | Dubai, Abu Dhabi and Al Ain, Sharjah &Northern Emirates |
| Key Companies Profiled | Meals On Me Catering Services Llc, Kcal, Delicut, HelloChef, FittMeals, CurryFit, Jetlagged Chef, V Meals, Right Bite, Colour My Plate, and others |
| Market Value | USD 138.45 Million |
Moreover, the people in the UAE are multicultural, arising from various parts of the globe. This diverse population has multiple & variety of demand related to taste, spice tolerance, and other culinary experiences, creating the need for subscription-based meals. The UAE has high number of expatriate population in the country owing to better job opportunities & favorable government reforms in the country, which further create the demand for wide variety of cuisines and food products among individuals. For instance:
- In 2022, according to the United Arab Emirates Population Statistics, the total population in the UAE was 10.08 million out of which 8.92 million was expat population.
Subscription-based meal providers offer various cuisines and menus as per the taste & preference of this diverse population, augmenting the growth of the UAE Subscription-based Meals Market. Additionally, due to the country’s high & increasing disposable income, the reach & adoption of smart gagdets is also in elevation. The online applications and high smartphone penetration makes it convenient for the end-users to subscribe for a variety of meals from their homes. In addition, the mobile apps allow the subscriiption-based meal companies to reach a diverse range of audience by showcasing their offerings, discounts, prices etc., on the phone. This, in turn, increase the consumer inclination towards the overall idea of subscription-based meals which surges its the demand and adoption among the UAE consumers.
Nowadays, the consumers can easily browse menues and select their meal plans according to their requirements from just one click from the phone. Hence, this convenience offered by the providers engage the consumers towards meal subscription, proliferating its adoption & augmenting the growth of the UAE Subscription-based Meal Market.
- Market Segmentation
- Introduction
- Market Definition
- Research Process
- Assumptions
- The UAE Subscription-based Meal Market Trends & Insight
- The UAE Subscription-based Meal Market Dynamics
- Growth Drivers
- Challenges
- The UAE Subscription-based Meal Market Hotspots & Opportunities
- The UAE Subscription-based Meal Market Regulations & Policies
- The UAE Subscription-based Meal Market Customer Survey
- Preferred Cuisine & Meal Types
- Standard vs Customized Plan
- Acceptable Pricing Considering the Affordability
- Key Deciding Factors while Selecting a Meal Plan Vendor
- The UAE Subscription-based Meal Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Cuisine Type
- International/Wholesome- Market Size & Forecast 2019-2030, (USD Million)
- Indian- Market Size & Forecast 2019-2030, (USD Million)
- Arabic- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- By Diet Type
- Vegan/Vegetarian- Market Size & Forecast 2019-2030, (USD Million)
- Pescatarian/Non-Vegetarian- Market Size & Forecast 2019-2030, (USD Million)
- By Function
- Fitness (Weight-Loss, Muscle Gain, etc.)- Market Size & Forecast 2019-2030, (USD Million)
- Regular Diet- Market Size & Forecast 2019-2030, (USD Million)
- Diabetic- Market Size & Forecast 2019-2030, (USD Million)
- Others (New Mums, etc.) - Market Size & Forecast 2019-2030, (USD Million)
- By Service Duration
- Weekly- Market Size & Forecast 2019-2030, (USD Million)
- Monthly- Market Size & Forecast 2019-2030, (USD Million)
- Quarterly- Market Size & Forecast 2019-2030, (USD Million)
- By Region
- Dubai
- Abu Dhabi & Al Ain
- Sharjah & Northern Emirates
- By Company
- Competition Characteristics
- Market Share Analysis
- By Revenues (USD Million)
- By Meals Per Day
- Companies Placement in MarkNtel Quadrant
- By Cuisine Type
- Market Size & Analysis
- The UAE Subscription-based Meal Market Key Strategic Imperatives for Growth & Success
- Competition Outlook
- Company Profiles
- MEALS ON ME CATERING SERVICES L.L.C
- Business Description
- Service Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Kcal
- Business Description
- Service Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Delicut
- Business Description
- Service Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Hello Chef
- Business Description
- Service Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Fitt Meals
- Business Description
- Service Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- CurryFit
- Business Description
- Service Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Jetlagged Chef
- Business Description
- Service Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- V Meals
- Business Description
- Service Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Right Bite
- Business Description
- Service Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Colour My Plate
- Business Description
- Service Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- MEALS ON ME CATERING SERVICES L.L.C
- Company Profiles
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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