Global Plant-based Pet Food Market - 2023-2030

Market Overview

The global plant-based pet food market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 8.5% during the forecast period (2023-2030).

Plant-based pet food are the food product for the pet which contains only plant-based natural ingredients. Nutrients, proteins, and amino acids are needed by pet animals which can be obtained from the natural resources. The plant-based pet food not only contains proteins but also vitamin A, K and B which are essential natural nutrients helping to enhance the health of pets. Compared to the animal-based pet foods, the plant-based food are antiinflammatory which means relieveing the joint pain. The plant-based food are a great choice for the pets who have problems in maintaining proper weight. The benefits of the plant-based pet food also includes relief from the chronic and uncomfortable symptoms.

Market Dynamics

Increasing pet adoption worldwide will increase the market growth of plant-based pet food

Now a days people are more intrested in pet adoption, so the pet population is increasing day by day. According to data published by AIO there are approximately 70 million pet dogs and 74 millions pet cats in the United States. With the rise in the pet adoption the pet owner requires good quality of food to feed them for maintaining healthy lifestyle of pets. They require high quality and nutritionally loaded pet food which are come from the plant-based food. The plant-based pet food also helps the pets with healthier teeth, reducing the disease like infection, cancer and eye discharge. As the pet owners are very serious towards the health of their pet, they use these plant-based food product. Hence the trend of adopting pets demand nutrious food for their pets, which boost the growth of plant-based market.

Increasing veganism globally will fuel the growth of plant-based pet food market

In today's world the veganism not only affects the human food but also it affects the pet food industry. Due to various health benefits of vegan food, people are becoming vegan now a days. People who are vegan in nature, are opted to plant-based pet food instaed of animal-based food because the believe that vegan food product are more nutritious and they are taking the same decision while purchasing food for their products. Vegan pet parents believe on animal welfare so they never cause any harm to the other animals for feeding their pet animals. So for them the first choice is the plant-based pet food. Hence the growing veganism globally leads a key role in the growth of plant-based market in the forecast period.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global plant-based pet food market is segmented based on pdistribution channel, and region.

The health benefits of dry plant-based pet food is the key for the market growth

Based on the product type the plant-based pet food market is classified into dry pet food, wet pet food, treats and snacks and others. In 2022, the dry food segment led the market of plant-based pet food product. The dry pet foods are available in various forms like kibbles, flaked cereals, pallets and others having no or less moisture content. These plant-based pet food product made up of ingredients like rice, soyabean, corn, pea protein, sunflower seed meals etc. Dry pet food benefits to the pets by providing healthier teeth with decreased plaque build-up. Due to it's low moisture content, it doesn't requier any refrigerating system unlike the others. So it can be said that in the forecast period the dry plant-based pet food will lead the market.

Geographical Analysis

Increasing interest in vegan products in Europe leads to growth of the plant-based market in the Europe region

In 2021, Europe held the highest marketshare globally. In Europe the trend of veganism is becoming popular day by day. Vegan population in Europe is growing rapidly. So the pet owners in that region are more intrested in plant-based food for their pet rather thant the animal derived food. In Europe the plant-based pet food is easily available and also having the same nutrient content as like the meat-based pet foods. So the pet owners who are not vegan themselves also choose the plant-based product instead of the conventional. So owing to all these factors the market of plant-based pet food is growing in Europe thus it can also be expected that it will lead the market in the forecast period.

Competitive Landscape

The major global players in the market include: My Aistra, Wysong, Eco Dogs and Cats, Evolution Diet, Cannaple, Benevo, Evanger's Dog & Cat Food, Nature's Recipe, Dr.Goodpet, Nature's diet.

Why Purchase the Report?

• To visualize the global plant-based pet food market segmentation based on pet type, product type, distribution channel, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of plant-based pet food market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global plant-based pet food market report would provide approximately 61 tables, 58 figures, and 200 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies