Recent years have seen a rise in the popularity of meal preparing, with many people choosing to make their meals ahead of time. Due to this, meal kit services have become increasingly popular. These services give consumers pre-portioned goods and recipes so they may prepare meals at home. How much do meal preppers make is a natural concern.
Meal preppers can make $20 to $30 per hour on average by preparing and packaging meals for their customers. This may differ based on elements including geography, experience, and the kind of meal prep service offered. Some meal preppers charge per the meal, with costs varying between $10 and $20. This can easily mount up, especially for customers who place many weekly meal orders.
The average cost of a meal kit therefore ranges from $8 to $12 per dish. This covers the price of the components, delivery, and packaging. For larger orders or for subscribing, certain meal kit businesses offer discounts. Meal kits provide convenience and the opportunity to explore new dishes without the stress of grocery shopping, despite the fact that they may seem expensive when compared to buying ingredients and cooking from scratch.
With businesses like Blue Apron, HelloFresh, and Home Chef reporting millions of dollars in sales, the meal kit market has proven to be lucrative. However, factors like client retention and the expense of obtaining new consumers might affect how profitable meal kit businesses are. The price of food, shipping, and packaging, as well as marketing and advertising costs, must all be taken into account by meal kit firms.
The meal kit market was valued at $11.6 billion in 2020, and it is anticipated to rise at a 14.6% CAGR from 2021 to 2028. Due to the COVID-19 epidemic, meal kit services have become more popular as more people cook at home and seek out quick and easy meal options.
In conclusion, while meal kit businesses have proven to be profitable but must take into account various expenses, meal preppers can earn a respectable living based on criteria like location and skill. The billion-dollar meal kit market is expected to expand over the next few years.
The company’s net revenue for the third quarter of 2020 was $112.3 million, according to Blue Apron’s financial report. It’s crucial to keep in mind that this amount just represents one quarter of the year and does not represent the company’s entire 2020 revenue.