DTC food market forecast-2031


Posted February 20, 2024 by richas

The DTC Food Market is projected to reach $195.39 billion by 2031, at a CAGR of 18.7% during the forecast period 2024–2031.
 
The DTC Food Market is projected to reach $195.39 billion by 2031, at a CAGR of 18.7% during the forecast period 2024–2031. The growth of this market is driven by the rising adoption of convenience foods, growing online purchases of food products, and the increasing number of DTC food brands. However, the lack of brand awareness & limited product offerings of DTC food providers, and product quality concerns & delivery delays are factors restraining the growth of this market to some extent. The growing demand for premium & personalized food products is expected to generate market growth opportunities. However, high competition from other distribution channels is a major challenge for the players operating in this market. Furthermore, consumers’ increasing focus on health and wellness is a major trend in the DTC food market.

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During the last decade, the food and beverage industry has transformed significantly due to growth in online grocery shopping and direct-to-consumer sales. Nowadays, consumers seek convenience and personalization in their food options. Online food purchases are increasing globally, resulting from consumers’ increasing access to the internet and growing smartphone usage. According to the Food and Agriculture Organization (FAO), e-commerce has skyrocketed in the food industry since 2020 due to the COVID-19 pandemic.
DTC brands use their own websites for online sales, allowing them to establish direct relationships with consumers without the involvement of intermediaries. Thus, they can communicate directly with consumers, gather feedback, and build brand loyalty. Moreover, this also allows DTC food manufacturers to innovate and keep pace with trending consumer interests. For instance, consumers are growing increasingly interested in plant-based foods due to concerns such as environmental sustainability, food allergies & intolerances, and animal welfare.
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The Food Segment is Expected to Dominate the DTC Food Market in 2024:
the global DTC food market is segmented into food and beverages. In 2024, the food segment is expected to account for the larger share of the global DTC food market. The large market share of this segment is attributed to the growing demand for convenience foods, changes in lifestyle and food habits, increasing consumer inclination towards online shopping, growing demand for nutritional and fortifying food products, rising innovative food products, and rising spending on healthy and nutritious diets.
The Online Distribution Channel Segment is Expected to Dominate the DTC Food Market in 2024:
Based on distribution channel, the DTC food market is segmented into online distribution channel and offline distribution channel. In 2024, the online distribution channel segment is expected to account for the larger share of the DTC food market. The large market share of this segment is attributed to the increasing preference for online shopping among consumers, the convenience offered by online platforms, the growing penetration of the internet, and the high popularity among food and beverage manufacturers of creating websites to display and sell their products directly to consumers
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North America Expected to Dominate the DTC Food Market in 2024:
Based on geography, the global DTC food market is divided into five major regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the global DTC food market. The large market share of this region is mainly attributed to the growing consumer awareness and preference for direct-to-consumer food products, increasing popularity of online food purchasing, presence of a large number of key food and beverage brands following direct-to-consumer business models, and rising consumer awareness about the online platforms of the brands.
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Key Players
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the DTC food market are Anheuser–Busch InBev NV/SA (Belgium), AriZona Beverages USA, LLC (U.S.), JBS S.A. (Brazil), Mondelēz International, Inc. (U.S.), Nestlé S.A. (Switzerland), OLIPOP, Inc (U.S.), PepsiCo, Inc. (U.S.), The Coca-Cola Company (U.S.), The Kraft Heinz Company (U.S.), The Naked Market (U.S.), and Unilever PLC (U.K.).
Key Questions Answered in the Report:
• What are the historical market sizes and growth rates of the global DTC food market?
• At what rate is the global DTC food demand projected to grow over the next 5–7 years?
• What are the major factors impacting market growth at the regional and country levels? What are the opportunities for existing players and new entrants in the market?
• Which segments, in terms of type and distribution channel, are expected to create traction for the manufacturers in this market during the forecast period 2024–2031?
• What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the players operating in the global DTC food market during the forecast period 2024–2031?
• Who are the major players in the global DTC food market? What are their specific product offerings in this market?
• What are the recent strategic developments in the global DTC food market? What are the impacts of these strategic developments on the market?
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Issued By meticulous research
Country India
Categories Food
Tags dtc , d2c , dtc food brand
Last Updated February 20, 2024