Plant-Based Pet Food Market size was valued at USD 8,451.2 million in 2022 and expected to grow 14,251.3 million in 2029, growing at an 11.2% CAGR from 2023 to 2029. Plant-based pet food are vegan food for pet contain no animal feed derived raw material, the trends for plant-based food and increase in the demand for the vegan pet food in the market. The pet owners want to behave human like flavour food giving to pet, as rising to pet humanization is the major factor that drive the market. As increase in the number pet across the world the owner started giving favoured food to pet which creates opportunity in the plant based pet food market, less availability of ingredients and government regulations in international trade creates restraints for the pet food products. This industry is growing due to owner wants to spend more money to their pet for buying premium plant-based products to improve their pets.
Plant-Based Pet Food Market Key Developments:
In August 2022, PawCo announces the launch of its proprietary dog food made from plant-based meat. PawCo also reveals it raised a seed round earlier this year for an undisclosed amount.
Fastest Growing Market
The increasing pet humanization across the world is the major market driver in the Plant-based Pet Food Market during the forecast period. Pet humanization means giving all the items like human to their pet, the flavors of food to many things which increases the demand for pet food across the globe, the pet owners spending on buying premium products for pets which leads to increase in the demand of vegan pet food in the market. Hence, this will drive the global market growth at a significant rate.
Plant-based Pet Food Market was valued at USD 8,451.2 million in 2022 and expected to grow 14,251.3 million in 2029, growing at an 11.2% CAGR from 2023 to 2029.
The leading players in the Plant-based Pet Food Market are; Antos B.V, Benevo, Bond pet food, V-dog, Soopa pets, Vegan4dogs, Wild Earth, Yarrah, Halo pets
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation and Seven years forecast presented from 2023 – 2029.