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The “Direct to Consumer (DTC) Pet Food Market by Type (Meal [Standard, Customized]Treats, Supplements), Pet Type (Dogs, Cats), Health Condition (Nutrition), Distribution Channel (Online, Offline), and Geography – Global Forecasts to 2028” report has been added to ResearchAndMarkets.com’s offering.
The direct-to-consumer pet food market is expected to grow at a CAGR of 25.2% from 2021-2028 to reach $8.16 billion by 2028.
After extensive secondary and primary research and an in-depth analysis of the market scenario, this report conducts the impact analysis of the key industry drivers, restraints, opportunities, and challenges. This market is characterized by diversified operations, which offer healthy products for pets , mainly due to rising pet health-consciousness and preference for online purchasing amongst consumers.
The growth projections of this market are mainly attributed to factors, such as the rising pet population coupled with increasing pet food expenditure, growing incidences of zoonotic diseases in pets, rising demand for premium pet food products, the increasing number of pet D2C brands and start -ups, and growing consumer preference for online shopping.
In addition, the rise in e-commerce, the humanization of pets, the increasing demand for nutritious pet food, and the willingness of consumers to pay a considerable sum of money for premium pet products further support the growth of the direct-to-consumer pet food market.
Furthermore, the usage of cannabis in pet food is expected to create lucrative growth opportunities for this market. However, the quality issues in pet food products and product recalls are expected to hinder the growth of this market to a notable extent.
Based on type, the direct-to-consumer pet food market is segmented into meal, treats, and supplements. The meal segment dominated the direct-to-consumer pet food market in 2021. The dominant position of this segment is attributed to the rising awareness about pet health, increased spending on premium meals, and the growing demand for customized meals.
The meal segment is divided into standardized meal and customized meal. The customized meal segment is expected to register the highest CAGR during the forecast period of 2021-2028. Customized meals help monitor pet eating patterns, avoid susceptible allergens in food; address health conditions, such as dry skin, obesity, and loose stools; and enable doorstep delivery, contributing to …
Full story available on Benzinga.com
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