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Meat Subscription Market

Global Meat Subscription Market Sales to soar with the global population inclination towards sustainably sourced meat: Opportunities ahead

Global Meat Subscription Market by Meat Type (Beef, Chicken, Pork, Seafood and Lamb), Chicken Subscription Market is expected to grow at a CAGR of 15% from 2023 to 2033.

Global Meat Subscription Market Outlook (2023 to 2033)

Newly-released Meat Subscription Market analysis report by Persistence Market Research reveals that a global sale of Meat Subscription in 2022 was held at US$ 1.2 Billion. With 15.2% projected growth from 2023 to 2033, the market is expected to reach a valuation of US$ 6.4 Billion by the end of the forecast period. Chicken subscriptions are expected to be the highest revenue-generating meat subscription, projected to grow at a CAGR of over 15% from 2023 to 2033.

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Details

Meat Subscription Market Size Value In 2023

US$ 1.5 Billion

Meat Subscription Market Size Value in End of Forecast (2033)

US$ 6.4 Billion

Meat Subscription Market CAGR (2023-2033)

15.2%

U.S. Meat Subscription Market CAGR (2023 – 2033)

14%

Key Companies Covered

  • Butcher Box
  • Porter Road Butcher
  • CARNIVORECLUB.CO.
  • Crowd Cow
  • Greensbury
  • The Kansas City Steak Company
  • Goldbelly, Inc.
  • Moink
  • Blackmores
  • FarmFoods
  • Igourmet
  • GoodChop
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Revenue of Meat Subscription Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033

As per the research of Meat Subscription Market by Persistence Market Research - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased by around 35.4% CAGR. With an absolute dollar opportunity of US$ 4.8 Billion, the market is projected to reach a US$ 6.4 Billion valuation by 2033.

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What are the Key Drivers Influencing Meat Subscription Market Expansion?

The key drivers influencing the Meat Subscription Market expansion include its sustainable sourced meat, customizable subscription plans, healthy eating trend, and meal planning. Meat subscription services offer a variety of meat products, including beef, pork, chicken, lamb, and others, allowing customers to choose from a wide range of options.

Health and wellness trends leading to increased demand for organic and grass-fed meat. They are known as a good source of omega-3s, vitamins, and minerals. The rise in the e-commerce industry and home delivery service is expected to increase the demand for the meat subscription market. The consumer can obtain premium meat products through meat subscription services easily and conveniently, avoiding the need to visit a grocery store.

Due to the convenience and ease of access, consumers are shifting towards subscription food services. For instance, in 2021, Americans spent over US$ 124 per capita on food subscriptions. Younger people had significant spending on food subscriptions with over US$ 200 per capita. This growing trend of subscription services is expected to gain demand for meat subscription services as well.

In 2019, the average annual consumption of seafood worldwide was about 19.9 Kg per capita and in 2020 the consumption of seafood was over 20.5 Kg per capita. With increasing seafood consumption, the demand for seafood subscriptions is likely to increase in the projected period.

The companies providing meat subscriptions are offering meat at lower prices for bulk purchases and also providing customization on orders for specific meat cuts and the frequency of delivery. Because of rising income, increasing population, and expanding knowledge of the health advantages of consuming high-quality meat products, consumers are shifting to the subscription model of meat consumption.

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Region-Wise Analysis:

Which Region is Projected to Offer Significant growth in Meat Subscription Market?

North America is a prominent market for meat subscriptions, with a market size of US$ 472 Million in 2022 and is estimated to reach US$ 613.3 Million in 2023. It is projected that the region will have a market worth US$ 2.5 Billion by 2033.

In 2021, Chicken was the most consumed meat in Canada. Canadians consumed around 34 Kg per capita chicken in 2021. This has increased by almost 9 Kg since the last decade. This growing consumption is likely to create an opportunity for the market.

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Country-Wise Analysis:

United States Meat Subscription Market Analysis:

The market in the United States is expected to grow to be worth US$ 2 Billion by 2033, with an absolute dollar growth of US$ 1.4 Billion from 2023 to 2033. The market in the country has grown at a CAGR of 33.5% from 2018 to 2022 and is expected to grow at a CAGR of 14% from the year 2023 to 2033.

In 2022, the consumption of beef amounted to around 26.7 Kg per capita on an annual basis. Overall, the U.S. market is expected to grow in the coming years, due to a rise in demand for high-quality, sustainable meat products and the increased demand for direct-to-consumer food delivery services.

Consumers in the United States are becoming more concerned about their food choices, which may affect the environment. Many consumers are ready to pay a premium for meat products that are sourced from sustainable and ethical sources.

United Kingdom Meat Subscription Market Analysis:

The market in the United Kingdom is expected to grow to be worth US$ 323.1 Million by 2033, with an absolute dollar growth of US$ 238.1 Million. The market in the United Kingdom has grown at a CAGR of 33.9% from 2018 to 2022 and is expected to grow at a CAGR of 14.3% from 2023 to 2033.

According to National Beef Association, beef is one of the staple foods for UK consumers. In the UK alone the production of beef brought in about US$ 11.5 Billion in 2020 and the average consumption of beef was 18 Kg per capita in a year.

According to the UK consumer survey, about 30% of the consumers preferred buying subscription boxes and food boxes were one of the most popular services in the category. As likely meat subscription, the adoption of online and subscription-based models for food is expected to grow.

South Korea Meat Subscription Market Analysis:

The market in South Korea is expected to grow to be worth US$ 259.3 Million with an absolute dollar growth of US$ 198.5 Million. The market in the country has grown at a CAGR of 36.3% from 2018 to 2022 and is expected to grow at a CAGR of 15.6% from 2023 to 2033.

In 2021, the domestic production of chicken increased over the last few years, and the consumption of chicken in South Korea is about 14.7 Kg per capita. In 2019, the consumption of chicken in South Korea was 14 Kg per person, the amount is anticipated to increase in upcoming years and the market is expected to rise.

According to research in 2021, South Korea is a prominent pork-producing country that produces 989 thousand tons of pork per year, owing to which the consumption rate of pork is about 27.6 Kilograms per kg. Overall, the South Korean market is expected to grow in the coming years.

China Meat Subscription Market Analysis:

In China, the market is expected to grow to be worth US$ 550.2 Million with an absolute dollar growth of US$ 428.1 Million from 2023 to 2033. The market in China has grown at a CAGR of 37.3% from 2018 to 2022 and is expected to grow at a CAGR of 16.2% from the year 2023 to 2033.

According to research, in 2021 around 52.9 Million metric tons of pork was produced in China, an increase from around 41.1 Million tons in the previous year 2020.

Japan Meat Subscription Market Analysis:

In Japan, the market is expected to grow to be worth US$ 464.9 Million with an absolute dollar growth of US$ 345.6 Million from 2023 to 2033. The market in China has grown at a CAGR of 37.3% from 2018 to 2022 and is expected to grow at a CAGR of 16.2% from the year 2023 to 2033.

According to a research, in 2017 the consumption of meat in Japan was about 30 Kg per person, and in 2020; the consumption volume of meat amounted to around 33 Kg per person. The consumption of meat has been gradually rising in the country which is likely to influence demand for the market.

Category-Wise Insights

Which type of Meat Subscription is projected to Witness the Fastest Growth?

Monthly Meat Subscription is projected to witness the fastest growth as it has grown at a CAGR of 33.6% from 2018 to 2022 and is expected to grow at a CAGR of 14.5% from 2023 to 2033.

A monthly subscription gives the business consistent and predictable revenue and increases customer retention, relationship engagement, and stability for the business. Members who subscribe to monthly subscriptions are more likely to stay engaged or involved with the business. Subscription boxes are cheaper than the stores so it is affordable to consumers also.

Why are Chicken Subscription Sales Projected to Soar High throughout the forecast period?

The chicken subscription market is projected to witness significant growth as it has grown at a CAGR of 34.5% from 2018 to 2022 and is expected to grow at a CAGR of 15% from 2023 to 2033.

In 2021, the most consumed type of meat in the United States was chicken; it is about 43.3 Kg per capita. In 2022, chicken breasts were the most popular cut of chicken with sales worth US$ 8.7 Billion.

Competitive Analysis:

Key players in the market are Butcher Box, Porter Road Butcher, CARNIVORECLUB.CO., Crowd Cow, Greensbury, The Kansas City Steak Company, Goldbelly, Inc., Moink, Farm Foods, igourmet, and Good Chop.

The companies are acquiring new startup companies to create new opportunities in the market, some of these companies are securing investments through funding, and they are also expanding their business into the e-commerce industries as well as subscription services.

A few of the recent developments in the market are:

  • In November 2022, Butcher Box raised a total funding of US$ 2 Million over one round.
  • In May 2018, U.S. brand Crowd Cow, announced a US$ 8 Million Series A financing round by Madrona Venture Group with new participation from Ashton Kutcher and Sound Ventures and other investors.

Segmentation of the Meat Subscription Market:

By Meat Type:

  • Beef
  • Chicken
  • Pork
  • Seafood
  • Lamb
  • Others

By Subscription Type:

  • Weekly
  • Monthly
  • Quarterly
  • Half Yearly
  • Annually

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

- Companies Covered in This Report -

  • Butcher Box
  • Porter Road Butcher
  • CARNIVORECLUB.CO.
  • Crowd Cow
  • Greensbury
  • The Kansas City Steak Company
  • Goldbelly, Inc.
  • Moink.
  • FarmFoods
  • igourmet
  • GoodChop

- Frequently Asked Questions -

The global market size is estimated to be valued at US$ 1.5 Billion in 2023.

The market was reported at US$ 1.2 Billion in 2022.

The market is expected to reach a US$ 6.4 Billion valuation by 2033.

The market registered a CAGR of 35.4% over the last 4 years.

The market is projected to witness a CAGR of 15.2% from 2023 to 2033.

Chicken subscription is projected to witness significant demand from 2023 to 2033 with expected growth at a CAGR of 15% by 2033.

The Meat Subscription demand is projected to witness significant demand between 2023 and 2033 and is expected to grow at a CAGR of 15.2%.

The market in the United States is projected to witness a market size of US$ 2 Billion and is expected to grow at a 14% CAGR from 2023 to 2033.

The key players in the market are Butcher Box, Porter Road Butcher, CARNIVORECLUB.CO. Crowd Cow, Greensbury, The Kansas City Steak Company, Goldbelly, Inc., Moink, FarmFoods, igourmet and GoodChop.

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