Global pet meal kit delivery service industry expected to reach $ 5.2 billion by 2028 – ResearchAndMarkets.com
DUBLIN – (COMMERCIAL THREAD) – The ‘Global Pet Meal Kit Delivery Services Market Size, Share and Trend by Pet (Dogs, Cats) Type, Pet Type Analysis Report Subscription (Topper, Full), Food Type (Dry, Wet), Region (APAC, Europe), and Segment Forecasts, 2021-2028 “report has been added to ResearchAndMarkets.com offer.
The global pet meal kit delivery service market size is expected to reach USD 5.20 billion by 2028, registering a CAGR of 15.3% over the forecast period.
The Farmer’s Dog, Inc.
Ollie Pets Inc
Spot and Tango
Lucky Dog Cuisine Inc.
Growing awareness among pet owners of the adverse effects of nutritional deficiencies in pets coupled with their increasing spending on pet food is expected to drive market demand across the globe over the course of the year. the forecast period. The animal-type dog segment dominated the market and accounted for the major share of the total revenue in 2020.
The segment is expected to increase during the forecast period due to the easy availability of several flavored dishes offered by companies such as PetPlate, NomNomNow Inc., The Farmer’s Dog Inc. and Spot & Tango. For example, NomNomNow Inc. offers dishes with flavors such as beef, turkey, pork and chicken, providing a variety of choices for consumers. Additionally, with an increase in cases of canine diseases due to nutritional deficiency, there is an increase in demand for meal kit delivery services to provide calculated meals based on the dog’s profile.
The full subscription segment dominated the market in 2020. Full subscriptions offer a higher discount to consumers, along with free trials that help them gain popularity over budget premium subscriptions. Additionally, full subscriptions are based on the animal’s profile, which includes their weight, age, breed, activity level, allergies and health status, as well as taste preferences, which helps consumers understand the caloric intake required for their animals. For example, according to Spot & Tango, an active small dog needs around 300 calories per day, while a medium and large dog needs around 600 and 1,300 calories per day respectively.
As full subscriptions cover 100% of required calorie intake, it becomes more convenient for consumers to opt for monthly / yearly subscriptions, which helps to drive the growth of this segment. North America dominated the global market and generated the highest contribution of sales to market revenue in 2020. Growing investment from major players is one of the major growth factors for the region. For example, in April 2020, Spot & Tango in the United States received $ 4.2 million in seed funding to launch its dry pet meal services around the world.
Highlights of the Pet Meal Kit Delivery Services Market Report
Asia-Pacific is expected to be the fastest growing regional market from 2021 to 2028 due to a growing number of new service offerings and growing concerns about pet health and nutritional deficiencies.
The wet food segment dominated the global market in 2020 and is expected to register the fastest CAGR during the forecast period.
Growth is driven by increasing availability of personalized wet meals to meet specific pet needs
The full subscription type segment accounted for the largest revenue share of the global market in 2020 and is expected to register the fastest CAGR of 17.3% during the forecast period.
The growth can be attributed to the significant benefits offered by vendors to consumers, such as personalization, reduced prices, free trials, and international shipping.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive summary
Chapter 3. Variables, Trends and Scope of Pet Meal Kit Delivery Services Market
3.1. Market overview
3.2. Mapping of penetration and growth prospects
3.3. Impact of COVID-19 on the Pet Meal Kit Delivery Service Market
3.4. Industry value chain analysis
3.5. Market dynamics
3.5.1. Market Driver Analysis
3.5.2. Analysis of market restrictions
3.5.3. Industry challenges
3.5.4. Industry opportunities
3.6. Business environment analysis
3.7. Pet Meal Kit Delivery Service Market Roadmap
3.8. Market entry strategies
Chapter 4. Analysis of consumer behavior
4.1. Demographic analysis
4.2. Consumer trends and preferences
4.3. Factors Affecting the Purchase Decision
4.4. Consumer product adoption
4.5. Observations and recommendations
Chapter 5. Pet Meal Kit Delivery Service Market: Pet Type Analysis and Estimates
Chapter 6. Pet Meal Kit Delivery Services Market: Analysis and Estimates of Food Types
Chapter 7. Pet Meal Kit Delivery Services Market: Subscription Type Analysis and Estimates
Chapter 8. Pet Meal Kit Delivery Service Market: Country Estimates and Trend Analysis
Chapter 9. Competitive analysis
9.1. Key global players, recent developments and their impact on the industry
9.2. Categorization of key companies / competitions (key innovators, market leaders, emerging players)
9.3. Supplier landscape
Chapter 10. Company Profiles
For more information on this report, visit https://www.researchandmarkets.com/r/3z0fv2