Plant-based Pet Food Market Overview:

The plant-based pet food market is expected to increase steadily, with a total value reaching US$ 23.82 Bn in 2021. As per Future Market Insights (FMI), plant-based pet food sales are expected to surge at 9.2% CAGR between 2021 and 2031. Overall growth forecast for the market will remain positive for the assessment period.

Plant-based pet food contains no animal-derived raw materials, assuring that no animals have been harmed or abused in any way. The vegan movement, humanization of pets, and the growing number of vegan pet owners preferring a plant-based diet for their pets are contributing to the growth of the plant-based pet food business.

Key Market Dynamics:

Increasing demand for organic and high-quality ingredients has fuelled pet food expenditure. Consumption of plant-based pet food is thought to minimize allergies, skin concerns, improve bad breath, and maintain weight in pets. This is encouraging pet parents to pick plant-based pet food over other types of pet foods. Vegetarian and plant-based diets have recently been introduced to the pet food market, offering a possible solution to the moral dilemma faced by vegetarians and vegans who live with omnivore and carnivorous dogs.

Key Takeaways from the Plant Based Pet Food Market Study:

North America will account for 36.1% of the global plant-based pet food market in 2021. The U.S. is expected to spearhead growth in North America.
Kibbles come in a range of sizes and forms and are expected to remain the most popular sort of plant-based pet food. Kibbles are dried, cooled, and coated with a protective coating, and they account for 23.5% of the global market in 2021.
The store-based retailing sector accounted for 86.4% of the market share in 2021, and it is predicted to grow at a steady pace through the forecast period.
Bags accounted for 35.8% of the global plant-based pet food market in terms of packaging, as they are more cost-effective alternative to the cumbersome containers and jars that were previously used in packaging.

Plant-based pet food Market Segmentation:

By Nature:

Organic
Conventional

By Product Type:

Kibble/Dry
Extruded
Baked
Coated
Dehydrated Food
Treats and Chews
Pastes
Creames/Cream Snacks
Crunchy Snacks
Chew Sticks
Tablets
Biscuits
Freeze-Dried Raw
Wet Food
Frozen
Powder
Freeze-Dried Food

By Pet Type:

Cat
Kitten
Senior
Dog
Puppy
Adult
Senior
Birds
Others (Rabbits, Hamsters, etc.)

By Distribution Channel:

Store-based Retailing
Hypermarkets/Supermarkets
Convenience Stores
Mom and Pop Stores
Pet Stores
Discounters
Independent Grocery Retailers
Drugstores
Other Retail Formats
Online Retailers

By Packaging Type:

Pouches
Bags
Folding cartons
Tubs & Cups
Can
Bottles & jars

Competitive Landscape

Some of the leading companies offering plant based pet food Market are Cannapple, Nature’s Recipe , Nature’s Diet, Wysong, Benevo, , Evanger’s Dog & Cat Food,My Aistra, Evolution Diet, Eco Dog and Cats, Dr.goodpet and others.

Plant-based pet food manufacturers strive to bring natural and healthy products to market in order to attract a big customer base. Manufacturers in both developed and developing economies are investing in R&D to meet expanding customer needs.

For More Information: https://www.futuremarketinsights.com/reports/plant-based-pet-food-market