Pet Meal Kit Delivery Services Market Size Worth $5.20 Billion By 2028: Grand View Research, Inc.

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Dec 16, 2021, 04:35 ET

SAN FRANCISCO, Dec. 16, 2021 /PRNewswire/ -- The global pet meal kit delivery services market size is expected to reach USD 5.20 billion by 2028, registering a CAGR of 15.3% over the forecast period, according to a new report by Grand View Research, 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.

Key Insights & Findings from the report:

Asia Pacific is projected to be the fastest-growing regional market from 2021 to 2028 due to a growing number of new service offerings and rising concerns about pet health and nutritional deficiencies
The wet food segment led the global market in 2020 and is estimated to register the fastest CAGR over the forecast period
The growth is due to the increasing availability of customized wet food meals catering to the specific needs of pets
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% over the forecast period
The growth can be credited to the significant advantages offered by providers to consumers, such as customization, discounted prices, free trials, and international shipping

Read 75 page market research report, "Pet Meal Kit Delivery Services Market Size, Share & Trends Analysis Report By Pet Type (Dogs, Cats), By Subscription Type (Topper, Full), By Food Type (Dry, Wet), By Region (APAC, Europe), And Segment Forecasts, 2021 - 2028", by Grand View Research

The segment is expected to rise over the anticipated period owing to the easy availability of multiple flavored meals offered by companies, such as PetPlate, NomNomNow Inc., The Farmer's Dog Inc., and Spot & Tango. For instance, NomNomNow Inc. offers meals in flavors, such as, beef, turkey, pork, and chicken, and thus offering a variety of selections for the consumers. Furthermore, with a rise in the cases of dog 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 type segment led the market in 2020. Full subscription plans offer a higher discount to consumers, along with free trials that help them gain more popularity over budget-friendly topper subscriptions. Furthermore, full subscriptions are based on the pet's profile, which includes their weight, age, breed, activity level, allergies and health conditions, and taste preferences, which help consumers understand the required calorie intake for their pets. For instance, as per the Spot & Tango, an active small dog requires approximately 300 calories a day, while a medium and large dog requires around 600 and 1300 calories a day respectively.

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.

Also, in January 2019, The Farmer's Dog Inc. received funding of USD 39 million to expand its services by shipping meal kits for pets across the globe. The market is fragmented with the presence of a large number of global and regional players and companies face stiff competition from each other as some of them are among the top providers that have a large customer base.

Grand View Research has segmented the global pet meal kit delivery services market on the basis of pet type, food type, subscription type, and region:

Pet Meal Kit Delivery Services Pet Type Outlook (Revenue, USD Million, 2016 - 2028)

Dogs
Cats

Pet Meal Kit Delivery Services Food Type Outlook (Revenue, USD Million, 2016 - 2028)

Dry (Kibble)
Wet

Pet Meal Kit Delivery Services Subscription Type Outlook (Revenue, USD Million, 2016 - 2028)

Topper
Full

Pet Meal Kit Delivery Services Regional Outlook (Revenue, USD Million, 2016 - 2028)

North America

U.S.

Europe

U.K.
France
Spain

Asia Pacific

China
India
Japan
Australia

Rest of the World

Brazil
South Africa

List of Key Players of Pet Meal Kit Delivery Services Market

The Farmer's Dog, Inc.
PetPlate
NomNomNow, Inc.
Ollie Pets, Inc.
Spot & Tango
Butternutbox
Kabo Labs
Lyka
Tailsco Ltd.
Lucky Dog Cuisine, Inc.

Check out more studies related to pet food, published by Grand View Research:

Pet Food Market – The global pet food market size is expected to reach USD 113.08 billion by 2025. It is expected to grow at a CAGR of 4.5% from 2019 to 2025.
Pet Food Processing Market – The global pet food processing market size is expected to reach USD 6.61 billion by 2027. It is expected to grow at a CAGR of 4.5% from 2020 to 2027.
Pet Food Ingredients Market – The global pet food ingredients market size is expected to reach USD 59.45 billion by 2025. Increasing pet ownership is one of the key trends escalating market growth.

Browse through Grand View Research's coverage of the Global Consumer F&B Industry.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.