The plant-based pet food market is skyrocketing, set to hit US$ 57.43 billion by 2032 with a projected 9.2% CAGR from US$ 26.01 billion by 2022. This trend is driven by an increase in vegan pet owners and the humanization of pets, indicating a shift in animal preferences towards plant-based meals. With a predicted CAGR of 9.2%, the market for plant-based …
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Plant-based Pet Food Market Growing owing to Increase in Number of Pet Owners
Plant-based Pet Food Market Overview: The market for plant-based pet food is anticipated to grow gradually, with a total value of US$23.82 billion in 2021. Sales of plant-based pet food are anticipated to grow at a 9.2% CAGR between 2021 and 2031, according to Future Market Insights (FMI). For the duration of the evaluation period, …
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