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Plant-based Pet Food Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: October 2023 || SKU: CPG6378
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180 pages
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Plant-based Pet Food Market Overview

The global plant-based pet food market reached USD million in 2022 and is projected to witness lucrative growth by reaching up to USD million by 2030. The market is growing at a CAGR of 8.5% during the forecast period (2023-2030). Plant-based pet food are produced by using plant-based and natural ingredients.

Concerning animal welfare and the health benefits caused by the plant based food, the pet parents are now a days opted to plant-based pet food. Numerous study says that the plant-based food provide all the the nutrients, minerals, vitamins and antioxidants that are required for the pets to stay healthy. Using plant-based pet food also lowers need for meat based diets which helps in  reducing the animal sufferings. Research has shown that by using the plant based food there is a decrease in incidences of cancer, infections and benifts with healthier teeth and reduced eye discharge.

Plant-based Pet Food Market Scope and Summary

Metrics

Details

CAGR

8.5%

Size Available for Years

2021-2030

Forecast Period

2023-2030

Data Availability

Value (US$)

Segments Covered

Pet Type, Nature, Product Type, Distribution Channel and Region

Regions Covered

North America, Europe, Asia-Pacific, South America and Middle East & Africa

Fastest Growing Region

Europe

Largest Region

North America

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.

 

Plant-based Pet Food Market Dynamics and Trends

 

Growing trend of pet humanization worldwide will fuel the growth of plant-based pet food

A study says 95% of pet owners consider their pets as their family members. This ensures that the pet parents are ready to spend more amount of money on high quality plant-based pet food for their good health. Most of the pet owners always choose the product which have clean labels, functional nutrition, sustainability claims. Pet owners need products which are good for their pet’s health. Plant based foods are rich in fibre, easily digestible, loaded with vitamins and minerals. Research also shows that the plant based food reduce the risk of many diseases. As pet owners make their pet as an integral part of their family, they always choose these types of products for their pets that are more benifitial. Hence rising trend of pet humanization globally may increase the awareness about the ingredients and quality of the plant-based pet food which boost the market growth.

New product launches play an important role in the market growth of plant-based pet food market

Plant-based pet foods are the key components for having good health of the pet. As the pet adoption is increasing day by day the pet owners demand various types of plant-based pet food. New product launches in the market make the pet consumer aware about various plant-based pet food which are meat-free and heathy for the pets. In 2021, THE PACK, a brand of plant-based dog food, launched a new ambient range of wet food that is predicted to increase the plant-based food sector. It introduced substitutes for beef, fish and chicken. To meet the rapid growing demand of plant-based food product for the pets, market players are more enfolded with launching new products or expanding the existing product. So each of the market player plays a lead role in the plant-based pet food market growth.

Plant-based Pet Food Market Segment Analysis

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

Increase in adoption of dogs increases the market growth of plant-based pet food

In 2022, it is seen that the dog segment held highest market share in the plant-based pet food. Now a days people are more intrested in adopting dogs. The pet owners are very health concious about their pet. The most common type of food allergy seen in the dog’s body like itching, hairloss, diarrhoea is mainly due to the chicken or beef, whereas plant-based proteins rarely cause any allergy to the dog. From a research it is seen that about 60% dogs are overweight, so bringing their fat to a moderate level and controlling the calorie consumption becomes a big priority for the owner and as the plant-based foods are low in saturated fat, it acts as a very good product. Therefore,owing to the high dog adoption world wide and their consiousness towards the health are the main cause for growing the plant-based market.

Source: DataM Intelligence Analysis (2023)

Plant-based Pet Food Market Geographical Penetration

Increasing benefits of plant-based pet food is expected to drive the market growth in North America

With a significant stake in the plant-based pet food market, North America dominated the market. This is a result of concerns about the environmental impact of livestock agriculture and availability of meat. The Gluten intolerance in pets is now a days becoming more popular in United States. Hence the need for non-wheat based plant-based pet food has increased. The health issue associated with the animal-based pet food is the important cause to rise the market in North America. It is also expected that in the forecast period the North America will have highest share in the plant-based market.

Source: DataM Intelligence Analysis (2023)

Plant-based Pet Food Companies and Competitive Landscape

The major global players in the market include Benevo, My Aistra, Wysong, Nature’s Recipe, Evolution Diet, Cannapple, Evanger’s Dog & Cat Food, Eco Dog And Cats, Dr.Goodpet, Nature’s diet.

Key Developments

  • In October 2021, Global Food and Ingredients Inc. (GFI) announced the acquisition of state-of-the art plant-based pet food ingredients manufacturing provision in Bowden, Alberta and introduced GFI’s new plant-based pet food ingredients business unit.
  • In 2020, Aistra introduced plant-based pet food store in India which helps to meet the demand of plant-based pet food in Indian market.

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 the 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

Suggestions for Related Report

  • Global Pet Food Ingredients Market
  • Global Pet Food Market
  • Global Cat Food Market
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