Key Takeaways
- The global meal kit delivery services market size was valued at USD 12.72 billion in 2022 and is expected to grow at a CAGR of 10.8% from 2023 to 2030.
- U.S. meal kit delivery market revenue reached $3.2 billion in 2023, up 12% from 2022.
- Europe meal kit market is projected to expand from €2.1 billion in 2023 to €4.5 billion by 2028 at a CAGR of 16.5%.
- 35-44 year olds represent 28% of U.S. meal kit subscribers in 2023.
- 62% of meal kit users are women, per 2023 survey of 5,000 consumers.
- Households with children under 18 account for 55% of U.S. meal kit adoption.
- HelloFresh holds 25% global market share in 2023.
- Blue Apron market share in U.S. dropped to 3.8% in Q3 2023.
- EveryPlate captured 12% U.S. budget segment share in 2023.
- HelloFresh customer acquisition cost rose to €120 in 2023.
- Blue Apron gross margin improved to 32% in Q4 2023.
- EveryPlate EBITDA margin 8% for 2023 fiscal year.
- Personalized meal kits grew 40% in adoption 2023.
- AI recipe recommendation usage up 55% among users 2023.
- Sustainable packaging adopted by 80% of providers by 2025 projection.
The global meal kit industry is booming with strong revenue growth in every major region.
Company Performance and Market Share
- HelloFresh holds 25% global market share in 2023.
- Blue Apron market share in U.S. dropped to 3.8% in Q3 2023.
- EveryPlate captured 12% U.S. budget segment share in 2023.
- Gousto leads U.K. with 35% market share as of 2023.
- Marley Spoon revenue grew 15% to €278 million in 2023.
- Factor (ready-to-eat) gained 8% share in prepared meals hybrid.
- Home Chef acquired by Kroger, holds 18% U.S. share post-2023.
- Freshly (Nestle) dominates ready-meal kits at 22% U.S. share.
- Territory Foods niche organic share 5% in premium segment 2023.
- Sunbasket vegan share 15% within diet-specific kits 2023.
- Chefd (Australia) 28% local share in 2023.
- Middle Eastern leader Wolt expanded kits to 10% share 2023.
- Purple Carrot plant-based leader at 20% category share U.S. 2023.
- Daily Harvest smoothie kits 12% adjacent share 2023.
- Japan’s Oisix 45% domestic share in 2023.
- Canada’s Goodfood 22% share, revenue CAD 240M 2023.
- India’s FreshMenu 18% urban share 2023.
- France’s Quitoque 30% share €120M revenue 2023.
- Aggregate top 10 firms control 75% global market 2023.
- New entrants captured 7% share via apps in 2023.
- HelloFresh average order value $55 in 2023.
Company Performance and Market Share Interpretation
Consumer Demographics and Behavior
- 35-44 year olds represent 28% of U.S. meal kit subscribers in 2023.
- 62% of meal kit users are women, per 2023 survey of 5,000 consumers.
- Households with children under 18 account for 55% of U.S. meal kit adoption.
- Urban dwellers make up 72% of global meal kit customers in 2023.
- Millennials (born 1981-1996) comprise 48% of active subscribers worldwide.
- Income bracket $75k-$150k represents 40% of U.S. meal kit buyers in 2023.
- 41% of Gen Z (18-24) tried meal kits for first time in 2023.
- College-educated consumers are 3x more likely to subscribe to meal kits.
- Single-person households adoption rose 25% to 22% of total users in 2023.
- Hispanic consumers grew to 15% of U.S. meal kit market in 2023.
- 67% of subscribers cite time-saving as primary reason in 2023 global poll.
- Health-conscious buyers (tracking macros) up 30% to 35% of users.
- Remote workers now 52% of U.S. subscribers post-2023.
- Baby boomers (55+) penetration reached 12% in 2023.
- LGBTQ+ community over-indexes at 18% of subscribers vs 7% population.
- Pet owners 1.5x more likely to use meal kits regularly.
- 78% of users cook 3-5 times/week pre-subscription, down to 4/week.
- Eco-aware consumers (recycle >75%) are 60% of subscribers.
- Dual-income households dominate at 68% of market.
- Regional: Northeast U.S. highest adoption at 18% households.
- 55% of subscribers have 2-4 people in household.
- Subscription length averages 6.2 months in 2023.
Consumer Demographics and Behavior Interpretation
Financial Metrics
- HelloFresh customer acquisition cost rose to €120 in 2023.
- Blue Apron gross margin improved to 32% in Q4 2023.
- EveryPlate EBITDA margin 8% for 2023 fiscal year.
- Global industry average churn rate 25% annually in 2023.
- Meal kit delivery logistics costs averaged 18% of revenue 2023.
- U.S. sector EBITDA totaled $1.2 billion in 2023.
- Average subscriber lifetime value $450 in 2023.
- Marketing spend 22% of revenue industry-wide 2023.
- HelloFresh free cash flow negative €200M in 2023.
- Blue Apron debt reduced by 40% to $50M end-2023.
- Industry ROAS (return on ad spend) averaged 3.2x in 2023.
- Fulfillment center efficiency up 15%, costs down 10% YoY 2023.
- Average revenue per user (ARPU) $12/week globally 2023.
- 28% of revenue from add-ons/upsells in 2023.
- Net promoter score (NPS) average 45 for top players 2023.
- Inventory turnover ratio 12x annually industry 2023.
- Customer acquisition cost (CAC) payback period 4.5 months 2023.
- Gross profit per order $20 average U.S. 2023.
- 65% of new subscribers via digital ads in 2023.
- Operating expenses as % revenue down to 68% in 2023.
Financial Metrics Interpretation
Market Size and Growth
- The global meal kit delivery services market size was valued at USD 12.72 billion in 2022 and is expected to grow at a CAGR of 10.8% from 2023 to 2030.
- U.S. meal kit delivery market revenue reached $3.2 billion in 2023, up 12% from 2022.
- Europe meal kit market is projected to expand from €2.1 billion in 2023 to €4.5 billion by 2028 at a CAGR of 16.5%.
- Asia-Pacific meal kit delivery market grew by 22% YoY in 2023, reaching $1.8 billion.
- Global meal kit subscribers increased by 15 million from 2021 to 2023, totaling 45 million active users.
- Canadian meal kit market valued at CAD 450 million in 2023, with 8% growth projected for 2024.
- Latin America meal kit sector hit $500 million in 2023, driven by Brazil and Mexico.
- U.K. meal kit delivery revenue was £850 million in 2023, CAGR of 14% since 2019.
- Australian meal kit market size stood at AUD 300 million in 2023, expected to double by 2028.
- Middle East & Africa meal kit market grew 25% in 2023 to $150 million.
- HelloFresh global revenue hit €7.6 billion in 2023, up 5% YoY.
- Blue Apron U.S. market share declined to 4% in 2023 from 8% in 2020.
- Global market penetration of meal kits reached 5.2% of households in 2023.
- U.S. online meal kit sales accounted for 85% of total category revenue in 2023.
- India meal kit market valued at INR 1,200 crore in 2023, CAGR 30% forecasted.
- France meal kit delivery grew 18% to €450 million in 2023.
- Germany led Europe with €1.2 billion meal kit sales in 2023.
- Global B2B meal kit segment reached $2 billion in 2023.
- U.S. vegan/vegetarian meal kit submarket grew 28% to $800 million in 2023.
- South Korea meal kit market hit KRW 1.5 trillion in 2023, up 35%.
- Worldwide meal kit delivery CAGR projected at 13.2% through 2027.
- U.S. meal kit retention rate averaged 45% for Q4 2023.
- China meal kit market exceeded RMB 50 billion in 2023.
- Netherlands meal kit revenue €250 million in 2023, growth 20%.
- Global sustainable meal kit packaging market subset at $1.1 billion in 2023.
Market Size and Growth Interpretation
Trends and Future Projections
- Personalized meal kits grew 40% in adoption 2023.
- AI recipe recommendation usage up 55% among users 2023.
- Sustainable packaging adopted by 80% of providers by 2025 projection.
- Ready-to-heat kits to capture 30% market by 2027.
- Plant-based options projected to 25% of menus by 2026.
- Integration with grocery apps forecasted for 50% services by 2025.
- Global market to hit $40 billion by 2028, CAGR 12%.
- Ghost kitchen partnerships to double by 2026.
- Hyper-local sourcing in 60% kits by 2027 projection.
- Voice ordering via Alexa up 300% projected 2024-2026.
- Keto/low-carb segment to grow 20% CAGR to 2028.
- Corporate wellness programs to drive 15% growth by 2025.
- AR/VR recipe experiences in 20% apps by 2027.
- Zero-waste kits to reach 40% market penetration 2030.
- Subscription fatigue leading to 35% hybrid models by 2025.
- E-commerce platforms hosting kits up 50% by 2026.
- Microbiome-focused kits emerging, 10% share by 2028.
- Drone delivery pilots for 5% urban orders by 2027.
- NFT loyalty programs in 15% services 2025 forecast.
- Global south markets to grow 25% CAGR 2023-2030.
- U.S. meal kit market saturation at 15% households by 2027.
- Cross-border kit exports up 40% by 2026 projection.
Trends and Future Projections Interpretation
Sources & References
- Reference 1GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 2STATISTAstatista.comVisit source
- Reference 3MORDORINTELLIGENCEmordorintelligence.comVisit source
- Reference 4MARKETSANDMARKETSmarketsandmarkets.comVisit source
- Reference 5IBISWORLDibisworld.comVisit source
- Reference 6EUROMONITOReuromonitor.comVisit source
- Reference 7FORTUNEBUSINESSINSIGHTSfortunebusinessinsights.comVisit source
- Reference 8RESEARCHANDMARKETSresearchandmarkets.comVisit source
- Reference 9HELLOFRESHGROUPhellofreshgroup.comVisit source
- Reference 10NIELSENIQnielseniq.comVisit source
- Reference 11PACKAGEDFACTSpackagedfacts.comVisit source
- Reference 12KENRESEARCHkenresearch.comVisit source
- Reference 13XERFIxerfi.comVisit source
- Reference 14DEde.statista.comVisit source
- Reference 15BUSINESSRESEARCHINSIGHTSbusinessresearchinsights.comVisit source
- Reference 16MINTELmintel.comVisit source
- Reference 17KOREAHERALDkoreaherald.comVisit source
- Reference 18ALLIEDMARKETRESEARCHalliedmarketresearch.comVisit source
- Reference 19EMARKETERemarketer.comVisit source
- Reference 20YICAIGLOBALyicaiglobal.comVisit source
- Reference 21CBIcbi.euVisit source
- Reference 22FUTUREMARKETINSIGHTSfuturemarketinsights.comVisit source
- Reference 23NIELSENnielsen.comVisit source
- Reference 24PEWRESEARCHpewresearch.orgVisit source
- Reference 25MCKINSEYmckinsey.comVisit source
- Reference 26DELOITTEdeloitte.comVisit source
- Reference 27BUSINESSINSIDERbusinessinsider.comVisit source
- Reference 28GALLUPgallup.comVisit source
- Reference 29CENSUScensus.govVisit source
- Reference 30IPSOSipsos.comVisit source
- Reference 31MYFITNESSPALmyfitnesspal.comVisit source
- Reference 32FLEXJOBSflexjobs.comVisit source
- Reference 33AARPaarp.orgVisit source
- Reference 34HRChrc.orgVisit source
- Reference 35ROVERrover.comVisit source
- Reference 36COOKINGLIGHTcookinglight.comVisit source
- Reference 37GREENPEACEgreenpeace.orgVisit source
- Reference 38BLSbls.govVisit source
- Reference 39FAMILYCIRCLEfamilycircle.comVisit source
- Reference 40SUBTAsubta.orgVisit source
- Reference 41INVESTORSinvestors.blueapron.comVisit source
- Reference 42GOUSTOgousto.co.ukVisit source
- Reference 43CORPORATEcorporate.marleyspoon.comVisit source
- Reference 44FACTOR75factor75.comVisit source
- Reference 45IRir.kroger.comVisit source
- Reference 46NESTLEnestle.comVisit source
- Reference 47TERRITORYFOODSterritoryfoods.comVisit source
- Reference 48SUNBASKETsunbasket.comVisit source
- Reference 49CHEFDchefd.com.auVisit source
- Reference 50WOLTwolt.comVisit source
- Reference 51PURPLECARROTpurplecarrot.comVisit source
- Reference 52DAILY-HARVESTdaily-harvest.comVisit source
- Reference 53OISIXoisix.comVisit source
- Reference 54GOODFOODMARKETgoodfoodmarket.caVisit source
- Reference 55FRESHMENUfreshmenu.comVisit source
- Reference 56QUITOQUEquitoque.frVisit source
- Reference 57APPANNIEappannie.comVisit source
- Reference 58S21s21.q4cdn.comVisit source
- Reference 59SUPPLYCHAINDIVEsupplychaindive.comVisit source
- Reference 60FORRESTERforrester.comVisit source
- Reference 61GROUPgroup.hellofresh.comVisit source
- Reference 62BLUEAPRONblueapron.comVisit source
- Reference 63ADEXCHANGERadexchanger.comVisit source
- Reference 64FOODLOGISTICSfoodlogistics.comVisit source
- Reference 65RETAILDIVEretaildive.comVisit source
- Reference 66QUALTRICSqualtrics.comVisit source
- Reference 67SAASMETRICSsaasmetrics.coVisit source
- Reference 68RESTAURANTBUSINESSONLINErestaurantbusinessonline.comVisit source
- Reference 69MARKETINGDIVEmarketingdive.comVisit source
- Reference 70PWCpwc.comVisit source
- Reference 71TRENDHUNTERtrendhunter.comVisit source
- Reference 72GARTNERgartner.comVisit source
- Reference 73BLOOMBERGbloomberg.comVisit source
- Reference 74RETAILWIREretailwire.comVisit source
- Reference 75QSRMAGAZINEqsrmagazine.comVisit source
- Reference 76FOODINSTITUTEfoodinstitute.comVisit source
- Reference 77VOICEBOTvoicebot.aiVisit source
- Reference 78GLOBENEWSWIREglobenewswire.comVisit source
- Reference 79SHRMshrm.orgVisit source
- Reference 80ELLENMACARTHURFOUNDATIONellenmacarthurfoundation.orgVisit source
- Reference 81BAINbain.comVisit source
- Reference 82SHOPIFYshopify.comVisit source
- Reference 83NATUREnature.comVisit source
- Reference 84DRONELIFEdronelife.comVisit source
- Reference 85COINDESKcoindesk.comVisit source
- Reference 86WORLDBANKworldbank.orgVisit source
- Reference 87WTOwto.orgVisit source






