Direct to Consumer (DTC) Pet Food Market
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”
The global Direct to Consumer (DTC) Pet Food Market is estimated to reach over USD 16.46 billion by 2031, exhibiting a CAGR of 27.4% during the forecast period.
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The rising pet population coupled with rising pet food expenditure, increasing incidences of zoonotic illnesses in pets, growing demand for premium pet food products, an increasing number of pets D2C brands and start-ups, and rising consumer preference for online shopping are all factors driving this market’s growth projections. Furthermore, the rise of e-commerce, the humanization of pets, the rising need for nutritious pet food, and customers’ willingness to pay a premium for luxury pet products all contribute to the expansion of the direct-to-consumer pet food business.
Furthermore, the use in pet food is projected to provide this industry with significant development potential. The rising need for e-commerce in pet food and subscription-based purchases further increased demand for D2C pet foods, propelling the D2C pet food market forward. As a result, the increased preference of pet owners for online pet food merchants in the face of the COVID-19 epidemic is likely to boost the market’s growth in the future years.
List of Prominent Players in the Direct-to-Consumer (DTC) Pet Food Market:
• 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.)
• Jinx, Inc. (U.S.)
• JustFoodForDogs, LLC (U.S.)
• Ollie Pets Inc. (U.S.)
• Farmina Pet Foods Holding B.V. (Netherlands)
• NomNomNow, Inc. (Philippines).
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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
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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This release was published on openPR.
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