part 3 part 2 part 1 $TWOH This little known company just experienced year-over-year sales growth of an astounding +2,266.53%.
Venture capitalists are continuing to pile into this industry.
A quick move back to its 52-week high would show investors a massive +625% gain… And I don’t know anyone who would want to miss out on that.
Delivery services (like TWOH) saw skyrocketing demand during the pandemic!
Even market behemoth Uber leaned on its Eats business as its core rides business plummeted. The valuations of Instacart and DoorDash soared as the companies secured hundreds of millions of dollars in capital, and expanded to offer deliveries from electronics retailers and convenience stores.
Food and Meal Delivery Services immediately became one of the top priority “Essential Businesses” and looks like it’s here for the long haul...
Recent growth in food delivery is largely driven by companies resuming operations and adapting to the “new normal” that the Coronavirus disease (COVID-19) pandemic has created. Previous restrictive containment measures and closure of commercial activities resulted in operational challenges for a majority of companies in 2020. But now in 2021, food and meal delivery is the new norm.
When many Americans sheltered in their homes early in the coronavirus pandemic, meal delivery sales reached new heights. Now, many people have made meal delivery part of their daily routines.
Shelter-in-place orders may also be driving more Americans to make their first meal delivery purchase.
The global meal kit delivery services market size was valued at USD 10.26B in 2020 and is expected to expand at a compound annual growth rate of 13% from 2021 to 2028.
Meal Kit Delivery is expected to see double-digit growth every year from now through 2028
Increasing preference for homemade meals among millennials is a major factor contributing to the growth of the market. The service has been gaining high popularity and adoption among generations Y and Z.
Most consumers are of the opinion that the price paid for the service is justified for the benefits it provides. The COVID-19 pandemic offered a significant oppor·tunity to the market as almost all the restaurants, eateries, and hotels were shut down across the globe. The ability for restaurants to offer meal delivery saved a lot of businesses.
Dining in is becoming more popular than dining out. Boomers, as well as millennials, increasingly prefer staying at home and cooking or ordering in rather than spending money at restaurants. Consumers are also making fewer visits to restaurants and are opting to stay at home.
One of the key factors contributing to this shift is the attitudes and behaviors of the two largest generational groups—boomers and millennials. While millennials have surpassed baby boomers in number, boomers remain a large population and their behaviors have a significant influence on the marketplace that caters to cooking at home.
Meal kit delivery services are an ideal solution since meal planning in advance significantly helps reduce food wastage. Meal kits have ingredients in the exact quantity that is required to prepare a meal since each portion is pre-measured. Some companies offer larger portions, but still provide calorie count and nutritional information based on the portions.
People are focusing on a healthy diet more than ever to increase their immunity and maintain a balanced diet. A meal kit seems to be a one-stop solution for virtually all players across the entire Food & Beverage ecosystem, including retailers, e-tailers, brand owners, and restaurants. Some restaurants used meal delivery to get themselves out of the pandemic and maximize the opportunities in the current scenario.
The increasing preference for meal kits is being driven by the benefits of homemade meals. For instance, homemade food is more economical than eating at a restaurant. Furthermore, the availability of meal kits has made homemade meals more time-saving in comparison to takeouts and home deliveries. Preparing food at home also gives full control over the ingredients one wishes to use and comes in handy for people who are allergic to certain food ingredients or are trying to avoid specific ingredients.
Dining in is becoming more popular than dining out. Boomers, as well as millennials, increasingly prefer staying at home and cooking or ordering in rather than spending money at restaurants. Consumers are also making fewer visits to restaurants and are opting to stay at home.
One of the key factors contributing to this shift is the attitudes and behaviors of the two largest generational groups—boomers and millennials. While millennials have surpassed baby boomers in number, boomers remain a large population and their behaviors have a significant influence on the marketplace that caters to cooking at home.
Meal kit delivery services are an ideal solution since meal planning in advance significantly helps reduce food wastage. Meal kits have ingredients in the exact quantity that is required to prepare a meal since each portion is pre-measured. Some companies offer larger portions, but still provide calorie count and nutritional information based on the portions.
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