Direct to Consumer (DTC) Pet Food Market to reach over USD 16.46 billion by the year 2031 – Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Direct to Consumer (DTC) Pet Food Market Size, Share & Trends Analysis Report By Type (Meal [Standard, Customized], Treats, Supplements), Pet Type (Dogs, Cats), Health Condition (Nutrition, Digestive Health, Heart Health, Allergies, Dental Health, Skin Problems, Stress, Joint Health), Distribution Channel (Online, Offline)- Market Outlook And Industry Analysis 2031”
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The worldwide direct-to-consumer (DTC) pet food market is expected to grow at a compound annual growth rate (CAGR) of 27.4% around the forecast period, reaching around USD 16.46 billion. This growth is projected to be driven by several factors, including an increasing number of pets, rising pet food expenditures, a growing pet population, concerns about zoonotic illnesses, and a growing demand for premium pet food products.
Additionally, the rise of pet DTC brands and startups, along with a consumer preference for online shopping, is propelling the market forward. The growth of e-commerce further facilitates the expansion of the direct-to-consumer pet food industry, fueled by the humanization of pets, the growing need for nutrient-dense pet food, and consumers’ willingness to spend more on upscale pet items.
Furthermore, the pet food sector is expected to witness significant growth, particularly due to the use of . Notably, the increasing demand for DTC pet foods, fueled by the growing need for e-commerce in the pet food industry and subscription-based purchasing, is driving the D2C pet food market. The COVID-19 pandemic has also significantly influenced the market, with pet owners showing a heightened preference towards online pet food retailers, which is expected to further propel the market’s expansion in the coming years.
List of Prominent Players in the Direct-to-Consumer (DTC) Pet Food Market:
• Jinx, Inc. (U.S.)
• JustFoodForDogs, LLC (U.S.)
• Ollie Pets Inc. (U.S.)
• Farmina Pet Foods Holding B.V. (Netherlands)
• NomNomNow, Inc. (Philippines).
• Nestlé S.A. (Switzerland)
• General Mills, Inc. (U.S.)
• Mars, Incorporated (U.S.)
• Diamond Pet Foods, Inc.
• Simmon Pet Food, Inc. (U.S.)
• Hill’s Pet Nutrition, Inc.
• Heristo Aktiengesellschaft (Germany)
• The J.M. Smucker Company (U.S.)
• WellPet, LLC (U.S.)
• The Farmers Dog, Inc. (U.S.)
Market Dynamics:
Drivers-
Increased demand for premium pet food products is likely to drive the direct-to-consumer pet food market forward. The direct-to-consumer pet food market is divided into three categories: meals, treats, and supplements. During the projected period of 2021-2028, the meal category segment is anticipated to improve at the fastest rate. This segment’s rapid rise can be due to greater pet health awareness, higher spending on premium meals, and rising demand for customized meals.
Challenges:
Stringent rules governing pet food products, particularly in Western economies, are expected to stymie the expansion of the worldwide direct-to-consumer pet food market throughout the forecast period. In industrialized countries, pet food is rigorously tested and evaluated at every level, from the ingredients to the sale of the product, which is anticipated to be a key challenge for market growth in the coming years.
Regional Trends:
The North America Direct to Consumer (DTC) Pet Food Market position dominated the market in 2022. This region’s substantial market share can be ascribed to the increasing number of millennial pet owners, the availability of a diverse selection of customized pet food, the growing emphasis on pet health and diets, and the presence of key D2C firms in this region.
The Asia Pacific Direct to Consumer pet food market is expected to rise, particularly in the future years. As more people move to cities and metropolitan areas, there is a growing desire for pets as companions, which is propelling the region’s pet business forward. Key market players are increasing their efforts to increase their market reach and enhance their position ahead of their competitors in order to capitalize on this growth potential.
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Recent Developments:
• In October 2022, Wild Earth, a sustainable pet food manufacturer, announced the development of a cell-based meat broth topping for dogs, which will be available to consumers in 2023. The chicken broth is manufactured in Wild Earth’s facilities in Berkeley, CA, using the company’s patented technology. It joins the company’s current line of high-protein dog food and treats.
Segmentation of Direct-to-Consumer (DTC) Pet Food Market-
By Type –
• Meal
Standard Meal (Dry and Wet)
Customized Meal (Dry and Wet)
• Treats
Standard Treats
Dental Chews
Standard Chews
• Supplements
By Pet Type –
• Dogs
• Cats
• Other Pets
By Health Condition-
• Nutrition
• Digestive Health
• Heart Health
• Allergies
• Dental Health
• Skin Problems
• Stress
• Joint Health
• Other Health Conditions
By Distribution Channel
• Online
• Offline
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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