The global Pet Meal Kit Delivery Services market size is expected to be worth around US$ 10.2 billion by 2030, according to a new report by Vision Research Reports.
The global Pet Meal Kit Delivery Services market size was valued at US$ 2.67 billion in 2020 and is anticipated to grow at a CAGR of 16.3% during forecast period 2021 to 2030.
|Market Size||US$ 10.2 billion by 2030|
|Growth Rate||CAGR of 16.3% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Pet type, Food type, Subscription type|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||The Farmer’s Dog, Inc.; PetPlate; NomNomNow, Inc.; Ollie Pets, Inc.; Spot & Tango; Butternutbox; Kabo Labs; Lyka; Tailsco Ltd.; Lucky Dog Cuisine, Inc.|
Rising awareness among pet owners related to adverse effects of nutrition deficiency in pets, coupled with their increased spending on pet food is expected to drive market demand across the globe over the forecasted period. The dogs animal type segment led the market and accounted for the leading share of the total revenue in 2020.
Since full subscriptions cover 100% of the calorie intake required, it gets more convenient for the consumers to go forward with monthly/yearly subscriptions, thereby leading to boosting this segment’s growth. North America dominated the global market and generated the highest contribution of sales to the market revenue in 2020. The rising investment by key players is one of the major factors driving the region’s growth. For instance, in April 2020, Spot & Tango, U.S., received a seed funding of USD 4.2 million to launch their dry pet meal services across the globe.
By Subscription Type Analysis
The full subscription type segment accounted for the largest revenue share of over 61% in 2020. The segment is projected to retain its market dominance growing at the fastest CAGR over the forecast period.
Full subscriptions are offered to consumers along with discounted/free monthly trial plans to attract consumers and instigate them to be new service adopters. For instance, companies like NomNomNow Inc., which caters to both dog and cat meal kit services, offer up to 50% discounts to new users for adopting their plans on a trial basis.
Companies, such as The Farmer’s Dog, also offer refunds in case the pet doesn’t like their meals. Such promotional strategies are helping these companies in enhancing their customer base across the globe. The topper subscription plan segment is also expected to register a significant CAGR from 2021 to 2030.
By Food Type Analysis
The dry (kibble) food type segment accounted for the largest revenue share of 53% in 2020 as it is the most popular among consumers for their daily pet food needs. With the growing focus of key providers on offering fresh dry meals, there is a rise in consumer adoption for this segment.
The wet food segment is expected to account for the maximum revenue share by 2030. The segment is also estimated to register the fastest CAGR over the forecast period due to rising product demand. Wet food has higher moisture, is more aromatic & flavorful, and is easier to chew.
By Pet Type Analysis
The dogs pet type segment held the largest market share of over 79% in 2020 and is expected to maintain dominance over the forecast period. These services are specially tailored based on the dog’s age, weight, breed, gender, activity level, allergies, and taste preferences.
By Regional Analysis
North America accounted for the largest revenue share of over 40.0% in 2020 and is expected to retain its dominance throughout the forecast period.
Asia Pacific is expected to be the fastest-growing regional market from 2021 to 2028. There has been a huge growth in pet population in countries, such as, China, Japan, India, and Australia, over the past few years, which supports market growth.
The Farmer’s Dog, Inc.
Ollie Pets Inc.
Spot and Tango
Lucky Dog Cuisine Inc.
By Pet Type
By Food Type
By Subscription Type
Rest of the World
The Pet Meal Kit Delivery Services market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Pet Meal Kit Delivery Services market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Pet Meal Kit Delivery Services market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Pet Meal Kit Delivery Services market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Pet Meal Kit Delivery Services market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Pet Meal Kit Delivery Services capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Pet Meal Kit Delivery Services by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Pet Meal Kit Delivery Services market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Pet Meal Kit Delivery Services market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Pet Meal Kit Delivery Services market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Pet Meal Kit Delivery Services industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Pet Meal Kit Delivery Services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Pet Meal Kit Delivery Services market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Pet Meal Kit Delivery Services market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Pet Meal Kit Delivery Services market. These factors have benefited the growth of the global market for Pet Meal Kit Delivery Services. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Pet Meal Kit Delivery Services. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Pet Meal Kit Delivery Services are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are: