Growing Population of Working Professionals Will Accelerate Demand for Personal Chef Services
Rockville, Dec. 13 2022 (GLOBE NEWSWIRE) — The global personal chef services market is expected to reach a valuation of US$13.0 billion in 2023. During the forecast period 2023-2033, the personal chef services market is expected to show a CAGR of 4.2% and reach US$19.6 billion end of 2033.
The global personal chef services market is driven by the growing workforce and rising demand for personalized meals. The hectic lifestyle of working people and the inability to manage time to cook on them leads to an increased demand for private chefs from the working population. Hiring a private chef will give a person more space and time to tend to other things around the house.
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Moreover, increasing health awareness among people and demand for diet is accelerating the demand for personal chef. These professional chefs discuss and plan personalized meals based on the client’s needs and health issues. Additionally, with essential information about customers’ tastes and preferences towards the specific type of food, these chefs purchase groceries and prepare the meal.
These services are expected to be in high demand in the North American region. The number of personal chef service companies is expected to be over 5,000 in the region. Additionally, the closure of restaurants during COVID has resulted in various chefs moving towards opening their own businesses regarding private chef services.
Key insights from market research
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During 2023-2033, the market will grow with a CAGR of 4.2%
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Among the regions, East Asia shows the fastest growth with a CAGR of 5.9%
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Meal preparation capitalized approximately 48.0% share in the service type segment.
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The growth of the global personal chef services market was around 3.2% during the period 2018-2022.
Market development
The personal chef services market is highly fragmented with the presence of various small and large market players in the market. This has an impact on the high competitive intensity in the industry. Market players are taking stringent measures to improve their global footprint and expanding consumer base. The expansion and launch of the service are key initiatives that have been taken by the market players, positively driving the expansion of the market in the coming period.
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Key Companies in the Personal Chef Services Market
Personal Chef Services Industry Research Segmentation
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By type of service:
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Per application:
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Individual meal
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Family dinners
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Events with caterer
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By region:
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North America
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Latin America
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Europe
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East Asia
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South Asia and Oceania
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Middle East and Africa
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More valuable information
Fact.MR, in its new offering, presents an unbiased analysis of the global personal chef services market, showcasing historical market data (2018-2022) and forecast statistics for the period 2023-2033.
The study reveals critical insights based on type of service (meal preparation, custom menu planning, and grocery shopping services), by application (individual dining, family dining, and catered events) in major regions around the world (North America, Latin America, Europe, East Asia, South Asia and Oceania, Middle East and Africa).
Contents
1. Executive Summary – Global Market
2. Market Overview
2.1. Market definition and introduction
2.2. Market Taxonomy / Scope of Research
3. Market Feature – Bird’s Eye View
3.1. Number of active companies by key countries
3.2. Average operating margin
3.3. Revenue Volatility Threshold
3.4. Key customer archetypes
3.5. Main Barriers to Entry
3.6. Consistency in the request
4. Market Context and Basic Data
4.1. Analysis of supply and adoption
4.2. Recent development in the market
4.3. Analysis of the service offer by the main players
4.4. Market growth and development model
4.5. Market dynamics
4.5.1. Main drivers of growth
4.5.2. Industry Challenges
4.5.3. Notable Current and Future Trends
4.6. Assessing Opportunities and White Spaces
4.6.1. Total available market (in billions of US dollars)
Table of contents (continued)…..
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