Latin America Meal Kit Delivery Services Market Size & Outlook
Latin America meal kit delivery services market, 2017-2030 (US$M)
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Latin America meal kit delivery services market highlights
- The Latin America meal kit delivery services market generated a revenue of USD 1,896.9 million in 2023.
- The market is expected to grow at a CAGR of 13.2% from 2024 to 2030.
- In terms of segment, cook & eat was the largest revenue generating offering in 2023.
- Heat & Eat is the most lucrative offering segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,896.9 million |
| Market revenue in 2030 | USD 4,524.3 million |
| Growth rate | 13.2% (CAGR from 2023 to 2030) |
| Largest segment | Cook & eat |
| Fastest growing segment | Heat & Eat |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat & Eat, Cook & Eat |
| Key market players worldwide | Nestle SA, HelloFresh SE Bearer Shares, Blue Apron, SunBasket, Home Chef, Gobble, Marley Spoon, The Purple Carrot, Fresh n' Lean, Hungryroot |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.2% of the global meal kit delivery services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,913.5 million by 2030.
Cook & eat was the largest segment with a revenue share of 59.7% in 2023. Horizon Databook has segmented the Latin America meal kit delivery services market based on heat & eat, cook & eat covering the revenue growth of each sub-segment from 2017 to 2030.
The number of meal kit delivery services is rising in the region owing to their growing popularity. Startups such as Simple at are looking to cater to the increasing demand by entering key markets within the region, including Brazil, Chile, and Argentina. These companies offer meals specially designed to suit the local tastes and are made by regional chefs.
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Meal Kit Delivery Services Market Scope
Meal Kit Delivery Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America meal kit delivery services market size, by country, 2017-2030 (US$M)
Latin America Meal Kit Delivery Services Market Outlook Share, 2023 & 2030 (US$M)
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