The food and drink subscription boxes market size has grown strongly in recent years. It will grow from $5.92 billion in 2023 to $5.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed during the historical period can be attributed to several factors, including shifting consumer lifestyles, rising disposable income levels, the emergence of specialty diets, growing environmental awareness, and the expansion of food tourism.
The food and drink subscription boxes market size is expected to see strong growth in the next few years. It will grow to $8.43 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The projected growth in the forecast period can be attributed to several factors, including rising consumer demand, technological advancements, globalization of tastes, responses to health crises, and the effects of urbanization and busy lifestyles. Major trends expected in this period encompass personalization options, the rise of ethical and sustainable products, the adoption of flexible subscription models, an increased focus on health and wellness, and the implementation of innovative packaging solutions.
The surging popularity of e-commerce is poised to drive growth in the food and drink subscription boxes market. E-commerce, characterized by the online buying and selling of goods and services, offers consumers unparalleled convenience, accessibility, extensive product choices, time-saving benefits, and operational efficiency. Food and drink subscription boxes, integral to the e-commerce landscape, provide customers with recurring deliveries of curated products, delivering convenience and personalized experiences. For instance, according to the United States Census Bureau, total e-commerce sales in the USA reached $1.11 trillion in 2023, marking a notable 7.6% increase from the previous year. Consequently, the burgeoning appeal of e-commerce is fueling expansion in the food and drink subscription boxes market.
Key players in the food and drink subscription boxes market are prioritizing the development of innovative solutions, such as the subscription brunch box, to cater to diverse consumer preferences and gain a competitive advantage. This subscription service offers customers a curated selection of food and drink items specifically tailored for brunch occasions. For example, in March 2023, Blue Apron Holdings Inc., a UK-based meal kit company, introduced its inaugural brunch box, aimed at enhancing weekend dining experiences. The brunch box features a limited-time seasonal assortment of sweet and savory recipes, meticulously crafted for weekend enjoyment. Additionally, it offers an easy-to-prepare, chef-designed menu comprising a range of elevated classics suitable for up to six people. The offering includes breakfast recipes featuring innovative ingredients such as silky-smooth lemon curd for the overnight French toast bake and marinated artichokes for the quiche, accompanied by certified humanely raised and handled thick-cut bacon.
In May 2022, HUNGRY, a US-based food technology firm, completed the acquisition of NatureBox, a US-based company specializing in delivering healthy food via subscription services. This strategic acquisition positions HUNGRY to fortify its presence in the corporate foodservice market, catering to the rising demand for nutritious snacks and comprehensive office food and beverage solutions. NatureBox's expertise in delivering healthy food on a subscription basis complements HUNGRY's objectives, enabling the company to offer a broader array of healthy snack options and enhance its offerings in the corporate foodservice segment.
Major companies operating in the food and drink subscription boxes market are Marley Spoon Inc., HelloFresh SE, ButcherBox, Blue Apron Holdings Inc., Sun Basket, Hungryroot, EveryPlate, Dinnerly, Freshly Inc., Thrive Market, Gousto, Daily Harvest, Birchbox, Winc, Farm Fresh to You, SnackCrate, Green Chef Corporation, Graze, Glossybox, Misfits Market, GreenBlender, MunchPak, Purple Carrot, UrthBox, Candy Club.
North America was the largest region in the food and drink subscription boxes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food and drink subscription boxes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the food and drink subscription boxes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Food and drink subscription boxes are recurring services that deliver curated assortments of food and beverage products directly to consumers' doorsteps. These boxes offer convenience and diversity, allowing customers to explore a variety of novel items that match their preferences without the need to visit physical stores.
The primary types of products in food and drink subscription boxes include replenishment subscriptions, curation subscriptions, and access subscriptions. A replenishment subscription entails customers signing up to receive regular deliveries of a specific product or service at predetermined intervals. These subscriptions may offer various price ranges, spanning from luxury to mid-range, and are distributed through various platforms, including online and offline channels.
The food and drink subscription boxes market research report is one of a series of new reports that provides food and drink subscription boxes market statistics, including food and drink subscription boxes industry global market size, regional shares, competitors with a food and drink subscription boxes market share, detailed food and drink subscription boxes market segments, market trends and opportunities, and any further data you may need to thrive in the food and drink subscription boxes industry. This food and drink subscription boxes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The food and drink subscription boxes market includes revenues earned by entities by providing services such customization subscriptions, convenience subscriptions, and gift options. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The food and drink subscription boxes market size is expected to see strong growth in the next few years. It will grow to $8.43 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The projected growth in the forecast period can be attributed to several factors, including rising consumer demand, technological advancements, globalization of tastes, responses to health crises, and the effects of urbanization and busy lifestyles. Major trends expected in this period encompass personalization options, the rise of ethical and sustainable products, the adoption of flexible subscription models, an increased focus on health and wellness, and the implementation of innovative packaging solutions.
The surging popularity of e-commerce is poised to drive growth in the food and drink subscription boxes market. E-commerce, characterized by the online buying and selling of goods and services, offers consumers unparalleled convenience, accessibility, extensive product choices, time-saving benefits, and operational efficiency. Food and drink subscription boxes, integral to the e-commerce landscape, provide customers with recurring deliveries of curated products, delivering convenience and personalized experiences. For instance, according to the United States Census Bureau, total e-commerce sales in the USA reached $1.11 trillion in 2023, marking a notable 7.6% increase from the previous year. Consequently, the burgeoning appeal of e-commerce is fueling expansion in the food and drink subscription boxes market.
Key players in the food and drink subscription boxes market are prioritizing the development of innovative solutions, such as the subscription brunch box, to cater to diverse consumer preferences and gain a competitive advantage. This subscription service offers customers a curated selection of food and drink items specifically tailored for brunch occasions. For example, in March 2023, Blue Apron Holdings Inc., a UK-based meal kit company, introduced its inaugural brunch box, aimed at enhancing weekend dining experiences. The brunch box features a limited-time seasonal assortment of sweet and savory recipes, meticulously crafted for weekend enjoyment. Additionally, it offers an easy-to-prepare, chef-designed menu comprising a range of elevated classics suitable for up to six people. The offering includes breakfast recipes featuring innovative ingredients such as silky-smooth lemon curd for the overnight French toast bake and marinated artichokes for the quiche, accompanied by certified humanely raised and handled thick-cut bacon.
In May 2022, HUNGRY, a US-based food technology firm, completed the acquisition of NatureBox, a US-based company specializing in delivering healthy food via subscription services. This strategic acquisition positions HUNGRY to fortify its presence in the corporate foodservice market, catering to the rising demand for nutritious snacks and comprehensive office food and beverage solutions. NatureBox's expertise in delivering healthy food on a subscription basis complements HUNGRY's objectives, enabling the company to offer a broader array of healthy snack options and enhance its offerings in the corporate foodservice segment.
Major companies operating in the food and drink subscription boxes market are Marley Spoon Inc., HelloFresh SE, ButcherBox, Blue Apron Holdings Inc., Sun Basket, Hungryroot, EveryPlate, Dinnerly, Freshly Inc., Thrive Market, Gousto, Daily Harvest, Birchbox, Winc, Farm Fresh to You, SnackCrate, Green Chef Corporation, Graze, Glossybox, Misfits Market, GreenBlender, MunchPak, Purple Carrot, UrthBox, Candy Club.
North America was the largest region in the food and drink subscription boxes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food and drink subscription boxes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the food and drink subscription boxes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Food and drink subscription boxes are recurring services that deliver curated assortments of food and beverage products directly to consumers' doorsteps. These boxes offer convenience and diversity, allowing customers to explore a variety of novel items that match their preferences without the need to visit physical stores.
The primary types of products in food and drink subscription boxes include replenishment subscriptions, curation subscriptions, and access subscriptions. A replenishment subscription entails customers signing up to receive regular deliveries of a specific product or service at predetermined intervals. These subscriptions may offer various price ranges, spanning from luxury to mid-range, and are distributed through various platforms, including online and offline channels.
The food and drink subscription boxes market research report is one of a series of new reports that provides food and drink subscription boxes market statistics, including food and drink subscription boxes industry global market size, regional shares, competitors with a food and drink subscription boxes market share, detailed food and drink subscription boxes market segments, market trends and opportunities, and any further data you may need to thrive in the food and drink subscription boxes industry. This food and drink subscription boxes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The food and drink subscription boxes market includes revenues earned by entities by providing services such customization subscriptions, convenience subscriptions, and gift options. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Food and Drink Subscription Boxes Market Characteristics3. Food and Drink Subscription Boxes Market Trends and Strategies32. Global Food and Drink Subscription Boxes Market Competitive Benchmarking33. Global Food and Drink Subscription Boxes Market Competitive Dashboard34. Key Mergers and Acquisitions in the Food and Drink Subscription Boxes Market
4. Food and Drink Subscription Boxes Market - Macro Economic Scenario
5. Global Food and Drink Subscription Boxes Market Size and Growth
6. Food and Drink Subscription Boxes Market Segmentation
7. Food and Drink Subscription Boxes Market Regional and Country Analysis
8. Asia-Pacific Food and Drink Subscription Boxes Market
9. China Food and Drink Subscription Boxes Market
10. India Food and Drink Subscription Boxes Market
11. Japan Food and Drink Subscription Boxes Market
12. Australia Food and Drink Subscription Boxes Market
13. Indonesia Food and Drink Subscription Boxes Market
14. South Korea Food and Drink Subscription Boxes Market
15. Western Europe Food and Drink Subscription Boxes Market
16. UK Food and Drink Subscription Boxes Market
17. Germany Food and Drink Subscription Boxes Market
18. France Food and Drink Subscription Boxes Market
19. Italy Food and Drink Subscription Boxes Market
20. Spain Food and Drink Subscription Boxes Market
21. Eastern Europe Food and Drink Subscription Boxes Market
22. Russia Food and Drink Subscription Boxes Market
23. North America Food and Drink Subscription Boxes Market
24. USA Food and Drink Subscription Boxes Market
25. Canada Food and Drink Subscription Boxes Market
26. South America Food and Drink Subscription Boxes Market
27. Brazil Food and Drink Subscription Boxes Market
28. Middle East Food and Drink Subscription Boxes Market
29. Africa Food and Drink Subscription Boxes Market
30. Food and Drink Subscription Boxes Market Competitive Landscape and Company Profiles
31. Food and Drink Subscription Boxes Market Other Major and Innovative Companies
35. Food and Drink Subscription Boxes Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Food and Drink Subscription Boxes Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on food and drink subscription boxes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
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Description
Where is the largest and fastest growing market for food and drink subscription boxes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The food and drink subscription boxes market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Replenishment Subscription; Curation Subscription; Access Subscription2) by Price Range: Luxury; Mid-Range
3) by Platform: Online; Offline
Key Companies Mentioned: Marley Spoon Inc; HelloFresh SE; ButcherBox; Blue Apron Holdings Inc; Sun Basket
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Marley Spoon Inc
- HelloFresh SE
- ButcherBox
- Blue Apron Holdings Inc
- Sun Basket
- Hungryroot
- EveryPlate
- Dinnerly
- Freshly Inc
- Thrive Market
- Gousto
- Daily Harvest
- Birchbox
- Winc
- Farm Fresh to You
- SnackCrate
- Green Chef Corporation
- Graze
- Glossybox
- Misfits Market
- GreenBlender
- MunchPak
- Purple Carrot
- UrthBox
- Candy Club
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 5.92 Billion |
Forecasted Market Value ( USD | $ 8.43 Billion |
Compound Annual Growth Rate | 9.2% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |