Plant-based Pet Food Market Trends And Segments Forecast To 2029

The global plant-based pet food market size was valued at USD 8,451.2 million in 2022 and poised to grow at a CAGR of 11.2% during the forecast period 2023 to 2029. The primary factors that drive the market are the growing pet humanization among pet owners, rising spending money on premium pet food, and increasing demand plant-based pet food.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/plant-based-pet-food-market

Organic Pet Food to Dominate the Plant-based Pet Food Market:
Based on form type, organic pet foods hold the highest market share. The major factor for the rise of this segment is that the use of organic plant-based pet foods eradicates the need of animal- based pet food for most pets, organic plant-based pet food is a real solution as a user won't take animal pet foods for their convenience the plant-based products are best alternative. These factors can drive the Plant-based Pet Food Market growth.

Asia Pacific Plant-based Pet Food Market:
Asia Pacific region is expected to grow significantly in the global Plant-based Pet Food Market size over the forecast period. The number increased in the region which leads to increase in demand for pet foods, pet humanisation become the trend to the pet owner to provide best premium food to the owner. China, Japan, and India is the emerging market fir the pet food, as number of pet owner increase in the region the demand for pet food will increase rapidly.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The Plant-based Pet Food Market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share, 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.
The Plant-based Pet Food Market is segmented based on form, food type, distribution channel, and region.

Based on the form type, the market is segmented into the following:
• Organic
• Conventional

Based on the food type, the market is segmented into the following:
• Dark
• Leafy Greens (Spinach)
• Lentils
• Rice
• Broccoli
• Carrots
• Quinoa
• Bean
• Others

Based on the distribution channel, the market is segmented into the following:
• Retail Pet Store
• Hypermarket
• Supermarket
• Online store

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Request sample report at https://precisionbusinessinsights.com/request-sample/?product_id=261228

Key players' profiles in the plant-based pet food market report are Antos B.V, Benevo, Bond pet food, V-dog, Soopa pets, Vegan4dogs, Wild Earth, Yarrah, and Halo pets

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.