DTC Food Market to Be Worth $195.39 Billion by 2031 - Exclusive Report by Meticulous Research

REDDING, Calif., May 9, 2024 /PRNewswire/ -- According to a new market research report titled 'DTC Food Market by Type (Food {Bakery & Confectionery, Meat, Poultry, & Seafood, Dairy, Snacks}, Beverages {Carbonated Soft Drinks & Juices, RTD Tea & Coffee, Alcoholic Beverages}), by Distribution Channel (Online, Offline) — Global Forecast to 2031' by Meticulous Research, the DTC food market is projected to reach $195.39 billion by 2031, at a CAGR of 18.7% from 2024 to 2031.

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DTC or Direct-to-consumer refers to a business model where a food company sells its products directly to consumers without relying on any third-party retailers, wholesalers, or other intermediaries (E-commerce websites). In the context of the food market, DTC food refers to food products that are sold directly to consumers by the manufacturers/producers themselves, typically through online platforms and physical stores owned by the food producers. This market encompasses various food and beverage products, including snacks, bakery products, dairy, fresh produce, meat, specialty items, and beverages, all of which are offered directly to consumers through their own websites and physical stores. Thus, they can communicate directly with consumers, gather feedback, build brand loyalty, and develop products according to their preferences.

The rising adoption of convenience foods, growing online purchases of food products, and the increasing number of DTC food brands are some of the factors driving the growth of this market. However, the lack of brand awareness & limited product offerings of DTC food providers, and product quality concerns & delivery delays hamper the market's growth to some extent. Moreover, the growing demand for premium & personalized food products is expected to generate market growth opportunities for the stakeholders operating in this market. 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.