Future Market Insights Global and Consulting Pvt. Ltd.
Plant-based pet grocery store report explains that the standard way of feeding your pets have been an element restraining the market growth. The high prices related to plant-based pet food and the formula failing in supplying enough energy to specific pets have hampered the sales of plant-based pet food.
NEWARK, Del: , Sept. 20, 2022 (GLOBE NEWSWIRE) — The plant-based pet grocery store is more likely to expand at a promising CAGR of 9.2% and is forecasted to succeed in a valuation of USD 57.43 Bn by 2032, while it holds a revenue of USD 26.01 Bn in 2022. The plant-based pet grocery store is fueled by the vegan movement, the humanization of pets, and the growing variety of vegan pet owners selecting a plant-based food regimen for his or her pets. These are the explanations contributing to the expansion of the plant-based pet food business.
The evaluation at FMI explains that the demand for plant-based pet food has increased at the next growth rate than traditional pet food. Vegan formulas are designed by certified nutritionists in accordance with the identical standards as meat-based formulas are wooing pet parents. Rising awareness around vegan consumables coupled with increased adoption of pets fuels the sales of plant-based pet food, bringing innovation for plant-based food items.
The industry is growing because pet owners are prepared to spend more cash on high-quality premium plant-based pet food and goods to enhance their pets’ health and quality of life. Packaging claims and labels may help construct brand equity and confidence by telling customers about ingredient sources, unique processing techniques, functionality, and certifications.
Request Sample Report PDF @
Key Takeaways from Market Study
North America will proceed to dominate the worldwide plant-based pet grocery store share. Where U.S. market forplant-based pet food market is predicted to be valued at US$ 63 Bn in 2022.
India plant-based pet grocery store is predicted to be account for over 38%of the South Asia market in 2022
In the character type category, conventional pet food holds the most important share of 5%in 2022 while the organic segment will hold 23.4% in 2022. The demand for plant-based pet food is attributed to rising sales of vegan pet food and increasing emphasis on nutrition profile of pet food items
Within the pet type category, Senior cats hold a market share of 1%among the many cats’ segment in the worldwide plant-based pet food business in 2022.
“The longer term of the market goes to be fruitful on account of the brand new cultivation methods of plant-based food. The pet food industry is working on nutrients for cats and dogs, healthy and glossy coats, body weight balancing, and reducing bad breath. Vegetarian and plant-based diets have recently been introduced to the pet grocery store, offering a possible solution to the moral dilemma faced by vegetarians and vegans who live with omnivores and carnivorous dogs.
Increasing demand for organic and high-quality ingredients has fueled the sales of plant-based pet foods. Consumption of plant-based pet food is assumed to attenuate allergies, skin concerns, improve bad breath, and maintain weight in pets. This enhances the demand of plant-based pet foods in multiple regions.” says a Future Market Insights analyst while discussing the longer term of the market.
The plant-based pet grocery store holds the potential of getting multiple brands at its bay. These players have been using various tactics to accumulate an even bigger share of the market lately. Latest modern players have the advantage of launching flavor and complement types to reinforce the market space.
A few of the leading plant-based pet food manufacturers are improving their web presence and investing in research and development initiatives. To expand their product options, multinational plant-based pet food firms are focusing their efforts on expanding their manufacturing facilities to reinforce productivity.
Recent Market Development
Aistra in 2020 recently launched its plant-based pet food store in India, after noticing a necessity for healthy plant-based pet food within the Indian market.
Global Food and Ingredients Inc. has announced to accumulate a cutting-edge plant-based pet food ingredients manufacturing facility in Bowden, Alberta in addition to the launch of GFI’s latest plant-Based Pet Food Ingredients business unit.
Report a Customization for any Query @
By Product Type:
Treats and Chews
By Pet Type:
By Distribution Channel:
By Packaging Type:
Tubs & Cups
Bottles & jars
Request a Methodology @
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Evaluation
1.5. Evaluation and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Evaluation
3.4. Product Life Cycle Evaluation
3.5. Supply Chain Evaluation
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all of the mandatory insights and consulting evaluation to fulfil the unique business intelligence needs of clients worldwide. With a listing of greater than 500 reports concerning the latest statistics and evaluation from the food & beverage industry, the team is completely happy to assist with every business intelligence research and consulting requirement.
Top Reports Related To Food & Beverage Market Insights :
Plant-based Milk Market Size – The demand for plant-based milk market is predicted to succeed in a worth of US$ 13.24 Bn in 2021. As per Future Market Insights (FMI), the general market value is predicted to succeed in US$ 30.79 Bn by 2031. Rising demand for alternative sources of milk and protein will push sales available in the market at 8.8% CAGR through 2031.
Plant-based Hot Dogs Market Share – The worldwide plant-based hot dog market witnessed spectacular gains in 2020, with market revenues witnessing over 20% y-o-y growth. Global revenues are set to succeed in US$ 500 million by 2021.
Plant-based Fish Feed Market Trends – The plant-based fish feed market is valued at US$ 6.8 Bn in 2021. It is about to grow at 6% CAGR through 2032 at a worth of US$ 12.2 Bn.
Plant-based Beverages Market Outlook – Newly released data from the plant-based beverages market analyzed by FMI estimates that the market enjoyed year-on-year (YoY) growth of seven.4% in 2022 to a complete of 111,701,810 Litres in 2022. The market is predicted to witness a outstanding growth rate of a CAGR of 6.7% to succeed in the worth of US$ 506,534.7 Mn in 2032.
Plant-based Snacks Market Demand – Experts also attribute the continued vegan trend to the surging demand for meat alternatives amongst key products available within the plant-based snacks market. Along with meat alternatives, plant-based snacks bars are more likely to remain highly popular amongst health conscious population.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater Latest York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client rating (4.9/5), we’ve got been collaborating with global enterprises of their business transformation journey and helping them deliver on their business ambitions. 80% of the most important Forbes 1000 enterprises are our clients. We serve global clients across all leading & area of interest market segments across all major industries.
Future Market Insights Inc.
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
For Sales Enquiries: email@example.com