Wonder

Log in

Meal Kit Delivery Market

Delivered March 3, 2020. Contributor: Alexandra Y.

Goals

The goal is to find out the market size, share, marketing spend, and recall of the meal kit home delivery service.

Early Findings

  • The global meal kit delivery market size was $2.5 billion in 2017.
  • It is expected to reach $8.94 billion by 2025, growing at a CAGR of 17.15%.
  • The fresh food portion of this market is expected to reach over $4 billion by 2025, growing at a CAGR of 14%.
  • North America accounts for 45% of the market share, and is growing at a CAGR of 19% on its own.
  • The US market size for meal kit delivery services is expected to reach over $4 billion by 2025.
  • The top niche segments of meal kit delivery that are expected to market well include paleo, organic, veggie-centric, and farm-to-table.
  • The churn rate of meal kit customers is high, with 77% of Blue Apron customers canceling at some point, and 80% of HelloFresh customers canceling within six months.
  • Blue Apron's marketing budget is approximately $14 million per quarter. 78% of that spend goes to digital marketing channels.

Proposed next steps:

You need to be the project owner to select a next step.