March 09, 2022
According to the research report titled ‘Global Pet Meal Kit Delivery Services Market Size study, By Pet (Dogs, Cats), By Subscription (Topper, Full), By Food (Dry (Kibble), Wet), and Regional Forecasts 2021-2027’, available with the MarketStudyReport, global pet meal kit delivery services market was worth USD 1.67 billion in 2020 and it is expected to account for USD 4.5 billion by 2027, recording a 15.3% CAGR over the forecast period.
The rising trend of adopting pets coupled with increasing expenditure on pet care are one of the primary factors driving the growth of global pet meal kit delivery services market.
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Notably, pet meal kit delivery services basically offer food with vital nutrients for dogs, cats, and other pets. It can also distribute both dry and wet food. On the contrary, availability of various product substitutes is expected to limit the market growth over the study period.
Moving on to segmental analysis, the market is divided on the basis of pet type, subscription type, and food type. By pet type, global pet meal kit delivery service industry is classified into cats and dogs.
By subscription type, the market is divided into full and topper while in terms of food type, the business vertical is categorized into wet and dry segments.
Geographically, global pet meal kit delivery services industry is categorized into Europe, North America, Asia-Pacific, and Latin America with key emphasis on countries like Germany, France, Italy, Spain, the U.K, the U.S, Canada, India, China, Japan, Australia, South Korea, Brazil, and Mexico among others.
North America pet meal kit delivery service industry size, according to the report, is anticipated to record considerable growth in the upcoming years, primarily due to heavy adoption of pets and increasing expenditure on pet food.
Meanwhile, Asia-Pacific market is also likely to showcase a robust CAGR through 2027, owing to the expanding pet population and increasing awareness about animal diet and health.
Prominent players operating in global pet meal kit delivery services industry are Lucky Dog Cuisine Inc., Tailsco Ltd., Lyka Labs Ltd., Kabo Labs Inc., Butternut Box, Spot and Tango, Ollie Pets Inc., NomNomNow Inc., PetPlate Inc., and The Farmer's Dog Inc.