DUBLIN--(BUSINESS WIRE )--The "Direct-to-consumer Pet Food Market by Type Pet Type Health Condition - Global Forecasts to 2027" report has been added to ResearchAndMarkets.com's offering.
The direct-to-consumer pet food market is expected to grow at a CAGR of 16.4% to reach USD 32.32 billion by 2027.
The growth projections of this market are mainly attributed to the factors like rising pet E-commerce, humanization of pets, rising millennial pet owners, willingness to spend more on premium pet foods, and convenience in purchasing pet food.
In addition, emerging Asia-Pacific and Latin American economies are expected to create lucrative opportunities for players operating in this market.
Based on type, the direct-to-consumer pet food market is mainly segmented into meals, treats, and supplements. The pet meals segment is projected to command the largest share of the overall direct-to-consumer pet food market in 2020. This segment's dominant position is mainly attributed to the rising demand for high-quality ingredients products and the humanization of pets.
Based on animal type, the direct-to-consumer pet food market is mainly segmented into dogs, cats, and others. The dogs segment is expected to command the largest share of the overall global direct-to-consumer market in 2020. The large share of this market is mainly attributed to rising dog ownership. According to the American Veterinary Medical Association, in 2019, ~38% of households had one or more dogs.
The Asia-Pacific region is slated to register the fastest growth during the analysis period, primarily due to the significant expansion of the economy and the rising business of E-commerce.
The APAC region contributes more than 60% of global economic growth, contributing to the penetration of leading pet players in the region. Further, online shopping is increasing as consumers are digitally savvy and rely on this channel for information.
Key questions answered in the report-
Impact of COVID-19 on the Direct-to-Consumer Pet Food Market
The key players operating in the direct-to-consumer pet food market are
Direct-to-Consumer Pet Food Market, by Type
Direct-to-Consumer Pet Food Market, by Animal Type
Direct-to-Consumer Pet Food Market, by Health Condition
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900