Food And Drink Subscription Boxes Market
Overview and Scope
Food and drink subscription boxes refer to recurring services that deliver curated assortments of food and beverage products directly to consumers’ doorsteps. These boxes provide convenience and diversity, enabling customers to explore a range of novel items that suit their preferences without the need to visit physical stores.
Sizing and Forecast
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 in the historic period can be attributed to changing consumer lifestyles, increasing disposable income, rise of specialty diets, environmental awareness, 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 growth in the forecast period can be attributed to increasing consumer demand, technological advancements, globalization of tastes, health crisis response, urbanization and busy lifestyles. Major trends in the forecast period include personalization options, ethical and sustainable products, flexible subscription models, health and wellness focus, innovative packaging solutions.
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Segmentation & Regional Insights
The food and drink subscription boxes market covered in this report is segmented –
1) By Type: Replenishment Subscription, Curation Subscription, Access Subscription
2) By Price Range: Luxury, Mid-Range
3) By Platform: Online, Offline
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.
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Major Driver Impacting Market Growth
The increasing popularity of e-commerce is expected to propel the growth of the food and drink subscription boxes market going forward. E-commerce refers to the buying and selling of goods and services over the internet or other electronic networks. It arises because of convenience for consumers, accessibility, vast product selection, time-saving, and efficiency. Food and drink subscription boxes are utilized in e-commerce to offer customers a recurring delivery of curated products, providing convenience and personalized experiences. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, total e-commerce sales in the USA were $1,118.7 billion in 2023, an increase of 7.6% from 2022. Therefore, the increasing popularity of e-commerce is driving the growth of the food and drink subscription boxes market.
Key Industry Players
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
The food and drink subscription boxes market report table of contents includes:
1. Executive Summary
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