There is money in pets. Everybody got their Covid pet. So, it should come as no surprise that a new survey predicts huge growth in pet meal kit delivery services.
According to a report from market research company The Brainy Insights, pet meal kit delivery services are expected to grow $2.2 billion to $9 billion by 2030. That’s an annual growth rate of 15.9%. Pet meal kit delivery services are usually subscription-based and consumers get the food delivered right to their door.
“Global pet meal kit delivery market is witnessing considerable growth because pets are now considered members of the family,” according to the company. “Consumers’ willingness to spend more on pet food is shaped by the growing attachment between pet owners and their pets. Consumers are becoming more concerned of their pets’ health and are purchasing pet food with high nutritional value for their pets’ benefit. Pet owners nowadays are looking for pet consumables that are locally made, natural, or have unique health benefits, in addition to basic food products.”
Spot and Tango, Nom Nom, Pet Plate, The Farmer’s Dog, Chewy, Ollie, We Feed Raw, and Chi Dog were researched for the report. The company found that dogs dominate the segment. They make up 48% of the market. The report looked at pet meal kit delivery report services in North America, Europe, Asia-pacific, South America and the Middle East markets.
“North America region emerged as the largest market for the global pet meal kit delivery market with a 41.0% market share and a value of around $1 billion in 2020,” the report said. “The United States topped the North American pet meal kit delivery market. The market demand will be fuelled by an increase in the number of pet owners, increased awareness of veterinarian health, and changing demographic trends across the country. Furthermore, the industry will expand due to a rising move toward premium foods, followed by natural and organic foods.”