The global personal chef services market is expected to secure a valuation of US$ 13.0 billion in 2023. During the forecast period of 2023-2033, the market is expected to exhibit a CAGR of 4.2%.
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The global market for personal chef services market is driven by the increasing working population and rising demand for customized meals. The busy lifestyle of working people and the inability to manage time for cooking have resulted in higher demand for private chefs. Hiring a private chef gives a person more space and time to look after other household chores.
Additionally, increasing health awareness among people and the need for nutritional diets are accelerating the demand for personal chefs. These chefs discuss and plan customized meals concerning the requirements and health issues of the customer. Also, according to the essential information of customer taste and preference for specific types of food, these chefs purchase groceries and prepare meals accordingly.
These services are expected to be high in demand in the North American region. The number of personal chef service businesses is expected to be more than 5,000 in the region. Also, the closure of restaurants during COVID resulted many chefs towards opening their own private chef services.
Key Takeaways from Market Study
- From 2023 to 2033, the market for personal chef services will expand at a CAGR of 4.2%
- Among the regional markets, East Asia will exhibit the fastest growth t a CAGR of 5.9%.
- Meal preparation accounts for 48% share of the service type segment.
- The global market expanded at 3.2% CAGR between 2018 and 2022.
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Market Development
The personal chef services market is highly fragmented with the presence of various small and large market players. This has led to high competitive intensity in the industry. Market players are taking rigorous steps to enhance their global footprint and consumer base. Expansion and service launches are key initiatives been taken by market players, which will positively drive the market over the coming years.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global personal chef services market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of service type (meal preparation, customized menu planning, grocery shopping services) and application (individual meals, family meals, catered events), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).