Market Insights eCommerce Online Food Delivery Grocery Delivery

Meal Kit Delivery - United Kingdom

United Kingdom

The Meal Kit Delivery market in the United Kingdom is projected to reach a revenue of €1.30bn in 2024.
This revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.14%, resulting in a projected market volume of €1.67bn by 2029.
By 2029, the number of users in the Meal Kit Delivery market is expected to amount to 2.3m users.
The user penetration is projected to be 2.9% in 2024 and is expected to reach 3.4% by 2029.
The average revenue per user (ARPU) is expected to amount to €0.65k.
In global comparison, United States is expected to generate the most revenue in the Meal Kit Delivery market, with an estimated revenue of €5,235.00m in 2024.
Among all countries, New Zealand has the highest projected user penetration rate of 7.3% in the Meal Kit Delivery market.
The meal kit delivery market in the United Kingdom is experiencing a surge in demand due to the convenience it offers to busy professionals.

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

Meal Kit Delivery has become a popular trend in the food industry in recent years, providing customers with a convenient and time-saving solution for meal preparation. In the United Kingdom, the Meal Kit Delivery market has experienced significant growth, with several factors driving this trend.

Customer preferences: Customers in the United Kingdom have shown a growing preference for healthy and convenient meal options. Meal Kit Delivery services provide a solution that meets both of these needs, with pre-portioned ingredients and easy-to-follow recipes. Additionally, many Meal Kit Delivery services offer a variety of dietary options, catering to customers with specific dietary requirements or preferences.

Trends in the market: The Meal Kit Delivery market in the United Kingdom has seen a rise in competition, with several new players entering the market. This has led to increased innovation and differentiation in meal options, as companies seek to stand out from their competitors. Additionally, many Meal Kit Delivery services have expanded their offerings to include ready-to-eat meals, catering to customers who are looking for even more convenience.

Local special circumstances: One trend unique to the United Kingdom is the rise of Meal Kit Delivery services offering locally-sourced ingredients. This trend is driven by a growing interest in sustainable and environmentally-friendly food options, as well as a desire to support local farmers and producers. Many Meal Kit Delivery services in the United Kingdom have responded to this trend by partnering with local suppliers to source their ingredients.

Underlying macroeconomic factors: The Meal Kit Delivery market in the United Kingdom has been impacted by several macroeconomic factors. One of the most significant factors is the rise of e-commerce, which has made it easier for customers to order Meal Kits online. Additionally, the COVID-19 pandemic has led to an increase in demand for Meal Kit Delivery services, as more customers are looking for ways to avoid crowded grocery stores and minimize their time spent outside of the home. Finally, the United Kingdom's exit from the European Union has led to some uncertainty in the food industry, with some Meal Kit Delivery services experiencing supply chain disruptions.

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.