Market Insights Digital Online Food Delivery Grocery Delivery

Meal Kit Delivery - North America

North America

The Meal Kit Delivery market in North America is projected to generate a revenue of US$7.31bn in 2024.
This market is expected to exhibit a compound annual growth rate (CAGR) of 8.04% from 2024 to 2028, resulting in a projected market volume of US$9.96bn by 2028.
Moreover, the number of users in this market is anticipated to reach 11.7m users by 2028.
The user penetration rate, which is currently at 1.8% in 2024, is expected to increase to 2.2% by 2028.
Additionally, the average revenue per user (ARPU) is projected to be US$0.81k.
In terms of global comparison, in the United States is expected to generate the highest revenue in the Meal Kit Delivery market, reaching US$5,645.00m in 2024.
On the other hand, in New Zealand boasts the highest projected user penetration rate of 7.8% in this market.
In North America, meal kit delivery services like Blue Apron and HelloFresh have gained popularity among busy professionals seeking convenient and healthy meal options.

Market

Region

Region comparison

Currency

Analyst Opinion

The Meal Kits market has been an up-and-coming service due to the convenience with most markets dominated by one player, HelloFresh. As a niche market, the customer churn is high, and the customer lifetime value does not always cover the acquisition cost.

Nevertheless, the United States leads all the markets, it is even worth more than half of the revenue generated by HelloFresh. South Korea shows the strongest growth. In 2021, more than 70 percent of South Korean adults were aware of meal kits. Among women the awareness was even higher, exceeding 80 percent. In Europe, the craze has not yet gained traction but shows promise. Sustainability is a big trend in the market as meal kits have less of a carbon footprint than grocery stores.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.