USD 1.7 billion
Report ID:
SQSG30B2012 |
Region:
Global |
Published Date: February, 2024
Pages:
276
|Tables:
89
|Figures:
66
Direct to Consumer Pet Food Market was valued at USD 1.7 billion in 2019 and it is expected to reach a value of USD 8.17 billion by 2031, at a CAGR of 25.1% over the forecast period (2024-2031).
Rising popularity of various online digital channels coupled with the increasing usage of internet and availability of high-speed internet facilities are major key factors expected to drive the growth of the global direct to consumer pet food market during the forecast period. In addition, change in people lifestyles, availability of various user-friendly websites and apps along with the growing prevalence of premium food products especially in developed regions across the globe are also likely to boost the growth of the global market exponentially over the coming years.
Furthermore, increasing pet parenting and a rapid surge in awareness among pet owners towards their pet health and wellness is anticipated to contribute significantly to the market growth over the forecast period. In the coming years, humanization and premiumization are major trends likely to influence the adoption and expansion of global direct to consumer pet food market at a strong pace.
US Direct To Consumer Pet Food Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.7 billion
Largest Segment
Meal
Fastest Growth
Supplements
Growth Rate
25.1% CAGR
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Global direct to consumer pet food market is segmented on the basis type, pet type, distribution channel, and region. By type, the direct to consumer pet food market is sub-segmented into meal, treats, and supplements. By pet type, the direct to consumer pet food market is categorized into dogs, cats, and others. By distribution channel, the direct to consumer pet food market is bifurcated into online and offline. By region, the direct to consumer pet food market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Direct To Consumer Pet Food Market Analysis by Type
By type, the meal segment accounted for the largest market share in 2021 and is projected to retain its position over the forecast period owing to increasing focus by people on pet health, high spending on premium meals, and a rising popularity of customized meals mainly in developed countries including United States and Germany. Furthermore, longer shelf life, higher ingredients quality, better humanization of pets are few other factors expected to drive the adoption and demand for meals across the globe at a healthy rate of growth over the coming years.
Direct To Consumer Pet Food Market Analysis by End-Use
By end-use, the dogs segment held the largest market share and accounted for a strong rate in 2021. Rising consumer awareness towards their pet health has resulted in high focus on enhancing the dog’s weight and maintaining their health. Consumers from developed countries opt for premium brand products, which are most relying and convenient for their dogs, is likely to fuel the segment growth over the coming years. In addition, rising urbanization and growing popularity of dogs owing to several benefits like acts as a watchman for a house and protect from doubtful people, which is engaging people to adopt dogs as a pet.
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Globally, North America dominated the direct to consumer pet food market in 2021 and is projected to maintain its dominance throughout the forecast period owing to increased number of millennials as pet owners, high availability of wide range of customized pet food products, and rising focus on health and diets of pets in the region. Moreover, large presence of key market players such as Mars Incorporated, General Mills Inc., The J.M. Smucker Company, and Simmon Pet Food Inc. and their rising investments on research and development activities to introduce new and more attractive food products and to get consumer attention is also anticipated to propel the growth of the DTC food market across the region at a significant growth rate in the coming years.
Furthermore, Asia Pacific region is expected to witness significant growth during the forecast period due to growing number of people own pets in their houses and rapid urbanization mainly in several developing countries such as Chin, India, and Indonesia. Moreover, rising efforts by key market companies to launch new production facilities and enhanced products for expanding their market reach and strengthen their position ahead of their competitors, as high availability of growth opportunities in the region for the next coming years.
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Direct To Consumer Pet Food Market Drivers
An extensive rise in the demand for premium and natural brand pet food products coupled with the rising consumer awareness regarding their pet health are key factors expected to drive the growth of the global direct to consumer pet food market during the forecast period. These products are high in demand owing to increased awareness regarding health & wellness, growing disposable income, and humanization trends are some other factors likely to propel the demand and expansion of DTC pet food market at a healthy growth rate over the coming years. Moreover, the global market is also being driven by increasing pet population and rising incidences of zoonotic diseases in pets across the globe.
Direct To Consumer Pet Food Market Restraint
Stringent regulations associated with pet food products especially across western market is likely to hamper the growth of the global direct to consumer pet food market over the forecast period. In developed countries, pet foods are tested and examined stringently at each stage from the ingredients and sales of products, which is likely to be major restraining factor for the growth of the global market over the coming years.
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The global direct to consumer pet food market is moderately consolidated in nature with the existence of many large market players operating across the globe. Key market players are implementing on several business developing strategies such as acquisition, partnerships, collaborations, new product launches, and technological advancements for the expansion of their geographical presence and product portfolio.
Direct To Consumer Pet Food Market Top Player’s Company Profiles
Direct To Consumer Pet Food Market Recent Developments
Rising popularity of personalized pet food across many developed countries including United States, France, and Germany is influencing the market growth exponentially since the last few years. Personalization of pet food products has very high potential to grow significantly owing to increasing consumer conscious about the food they are feeding their pets and pet owners from developing countries are also opting for these types of products, which is likely to create lucrative growth opportunities for the market in the near future.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global direct to consumer pet food market is projected to have a strong growth during the forecast period owing to continuously growing income of consumers in developing nations, rising number of pet population, and increase prevalence of several type of disease among them, which has forced their owners to look for better and healthy food ingredients. In addition, a surge in the number of products introduced by key market players across the globe to cater the growing consumer demand is also projected to fuel the demand and market growth significantly in the coming years. However, some issues with pets like allergy and lower acceptance of premium and high-priced pet food across many regions is likely to hinder the growth of the global market over the forecast period.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.7 billion |
Market size value in 2031 | USD 8.17 billion |
Growth Rate | 25.1% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Direct To Consumer Pet Food Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Direct To Consumer Pet Food Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Direct To Consumer Pet Food Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Direct To Consumer Pet Food Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Direct to Consumer Pet Food Market was valued at USD 1.7 billion in 2019 and it is expected to reach a value of USD 8.17 billion by 2031, at a CAGR of 25.1% over the forecast period (2024-2031).
The direct to consumer pet food market is moderately consolidated in nature with the existence of many large market players operating across the globe. Key market players are implementing on several business developing strategies such as acquisition, partnerships, collaborations, new product launches, and technological advancements for the expansion of their geographical presence and product portfolio. 'Nestle S.A.', 'Mars Incorporated', 'Hill’s Pet Nutrition Inc.', 'The J.M. Smucker Company', 'Diamond Pet Foods Inc.', 'Heristo Aktiengesellschaft', 'The Farmers Dog Inc.', 'NomNomNow Inc.', 'Jinx Inc.', 'General Mills Inc.'
Rising Awareness for Pet Health to Drive Market Growth
Growing Trend of Personalized Pet Food
Globally, North America dominated the direct to consumer pet food market in 2021 and is projected to maintain its dominance throughout the forecast period owing to increased number of millennials as pet owners, high availability of wide range of customized pet food products, and rising focus on health and diets of pets in the region. Moreover, large presence of key market players such as Mars Incorporated, General Mills Inc., The J.M. Smucker Company, and Simmon Pet Food Inc. and their rising investments on research and development activities to introduce new and more attractive food products and to get consumer attention is also anticipated to propel the growth of the DTC food market across the region at a significant growth rate in the coming years.
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Report ID: SQSG30B2012
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