Soaring sales, thriving companies
Top competitors within the online meal kit delivery industry include HelloFresh, Blue Apron, Home Chef, and Sunbasket. Berlin-based company Hello Fresh was the most popular service provider in the United States, accounting for more than 70 percent of the meal kit market in 2022, and with over 3.2 billion euros in U.S. revenues. In 2021, Blue Apron generated sales worth almost half a billion U.S. dollars worldwide. The average price per meal kit for Blue Apron was 9.99 U.S. dollars and 8.99 U.S. dollars for HelloFresh in 2021.While Blue Apron operates exclusively in the United States, HelloFresh's global reach has definitely contributed to its market position and large customer base. From about 170,000 subscribers in 2014, HelloFresh now boasts more than seven million subscribers around the world, with global revenues reaching six billion euros. The company delivered over 20 million orders worldwide for the first time in the final quarter of 2020. Its impressive growth over the years may be due to its soaring marketing expenses, which have remained well above 250 million euros per year between 2018 and 2020.
