The meal prep industry is growing rapidly as more and more people are looking for healthier meal options. This article will explore the current state of the meal prep industry, as well as market statistics and predictions that business owners should know.
Current Statistics of the Meal Prep Industry
This section will explore the current statistics of the meal prep industry, including information on the market share, employment statistics, meal prep type statistics, and customer statistics.
Market Share Statistics
- The meal prep industry is currently worth $1.5 billion and is expected to grow to $2.7 billion by 2025.
- The current market share for meal prep companies is 12%.
- The average price for a meal prep company is $8.50 per meal.
- The typical revenue, profit margin, and profit of meal prep companies are $500,000, 10%, and $50,000, respectively.
Employment Statistics
- There are currently 1,200 meal prep companies in the United States.
- These companies employ an estimated 10,000 people.
- The meal prep industry is projected to create 1.5 million jobs by 2025.
- The average salary for a meal prep company employee is $30,000 per year.
Meal Prep Type Statistics
- Meal prep companies offer a variety of niches, including healthy meal prep, vegan meal prep, vegetarian meal prep, gluten-free meal prep, and keto meal prep.
- The most popular meal prep type is healthy meal prep, accounting for 36% of the meal prep market.
- Vegan meal prep is the second most popular type, accounting for 28% of the meal prep market.
Customer Statistics
- The typical meal prep customer is female, between the ages of 25 and 34, and has an annual income of $50,000 or more.
- The average meal prep customer spends $58 per month on meal prep.
- The meal prep industry currently has 14 million customers and is expected to have 25 million customers by 2025.
Future Trends and Outlook or The Meal Prep Industry
- Now that you know the current state of the meal prep industry, let’s take a look at some future trends and predictions.
- The meal prep industry is projected to grow at a compound annual growth rate (CAGR) of 11.6% from 2019 to 2025.
- The meal prep industry is expected to be worth $2.7 billion by 2025.
- Meal prep companies are expected to create 1.5 million jobs by 2025.
- The meal prep industry is expected to have 25 million customers by 2025.
- Meal prep companies will focus on delivering more personalized and customized meal plans.
- Meal prep companies will continue to expand their niches to include more specialized meal prep options, such as meal prep for athletes, seniors, and busy professionals.
- Meal prep companies will focus on sustainability by using eco-friendly packaging and ingredients.
Conclusion
The meal prep industry is snowballing as more and more people are looking for healthier meal options. This article has explored the current state of the meal prep industry, as well as market statistics and predictions that business owners should know.
The future of the meal prep industry looks bright, with companies focusing on sustainability and personalized meal plans. If you’re looking to start a meal prep business, now is the time!