$1.1bn
$XX.Xm
1,979
24
$XXX.Xm
The Meal Kit Delivery Services industry has exploded thanks to increased health consciousness among consumers, rising disposable incomes and online shopping uptake. The COVID-19 pandemic accelerated growth as consumers turned to meal kits as an alternative to grocery shopping. Meal kits have transitioned from an unexplored niche market to a mainstream affair. However, profitability has been a significant challenge for meal kit providers. Extensive marketing and logistical mandates have been needed to attract new customers and ensure food safety, increasing operating costs. However, revenue is expected to grow at an annualised 17.2% over the five years through 2023-24, to $1.1 billion.
Industry revenue has grown at a CAGR of 17.2 % over the past five years, to reach an estimated $1.1bn in 2024.
Market size is projected to grow over the next five years.
There are no companies that hold a large enough market share in the Meal Kit Delivery Services in Australia industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Two-serving meal plans, Four-serving meal plans and Beverages. Two-serving meal plans is the largest segment of the Meal Kit Delivery Services in Australia.
Two-serving meal plans have met demand from smaller households
Companies in the Meal Kit Delivery Services industry supply meal kits, which include pre-measured ingredients and preparation guides. These kits differentiate from prepared meal delivery as they offer an interactive cooking experience for customers.
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ANZSIC 4512 - Meal Kit Delivery Services in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The Meal Kit Delivery Service industry is growing considerably for reasons like COVID-19 lockdowns, consumer health awareness and added convenience. However, intense competit...
Learn about an industry's products and services, markets and trends in international trade.
Meal kit delivery services are booming, with two-serving plans popular among individuals living alone. However, four-serving plans are declining in popularity due to smaller ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
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Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
New entrants in the Meal Kit Delivery Services industry face high initial expenses and pricing challenges. Advertising is crucial to generating buzz. HelloFresh and Marley Sp...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Meal kit delivery services must comply with Food Standards Australia New Zealand regulations. This ensures food safety and accurate ingredient, allergen and nutritional infor...
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The major providers’ operations heavily influence the Meal Kit Delivery Services industry's cost structure. The structure varies based on company size, but primarily reflects...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Meal Kit Delivery Services industry in Australia is $1.1bn in 2024.
There are 24 businesses in the Meal Kit Delivery Services industry in Australia, which has grown at a CAGR of 5.9 % between 2019 and 2024.
The market size of the Meal Kit Delivery Services industry in Australia has been growing at a CAGR of 17.2 % between 2019 and 2024.
Over the next five years, the Meal Kit Delivery Services industry in Australia is expected to grow.
Two-serving meal plans and Four-serving meal plans are part of the Meal Kit Delivery Services industry.
The level of competition is high and increasing in the Meal Kit Delivery Services industry in Australia.