VitaBowl is a CPG plant-forward company focused on providing meals with superfood options, pressed juices, and snacks that take a nutrition-first approach. It is Co-founded by 1st female 3* Michelin chef Dominique Crenn of Atelier Crenn. It prepares and delivers meals based on the nutritional requirements of its customers.
The product is not unique but has good market traction. The company offers plant-based, ready-to-eat meals with rotating menus based on the dietary and nutrition requirements of customers. Its target market is the health and wellness industry, athletes, and working professionals. The product has de-compostable packaging for its retail channel.
According to prophecy market insights, the Food as Medicine market is to hit $35.3B in the next decade. The market is highly competitive with various small and big companies as competitors. Two primary competitors are Thistle and Modify Health.
The company delivers nationwide to 40+ states and 50+ cities, including hospitals, specialty retail stores, and gyms. It has its presence via B2C and D2C channels (ready-to-eat + subscription model). The major partners in B2C include ULCA Health, Pink Dot, Sodexo, Earthbar, Equinox, Cedars Sinai, Sunlife Organics, and Los Angeles Lakers. In the near future, the company plans to launch Vita Juice and a frozen meals SKU line to provide healthy meals directly to customers, retail locations, and hospitals, and a telehealth app tied to insurance reimbursement nationwide. Telehealth service will be eligible for 100 million patients and accepted by over 100 insurance companies for reimbursement nationwide.
The company has shipped 300,000+ fresh meals. It has done over $1M+ in lifetime revenues. Revenue for 2022 was $859k against $213k in 2021. It has a gross profit margin of 19%.