United
Kingdom Vegan Pet Food Market is anticipated to be driven by the shift in
consumer preferences toward vegan diets due to holistic beliefs, as vegan pet
food is nutritious and simple to digest, vegan pet owners feed it to their
animals, which has propelled the growth of the vegan pet food market in the
forecast period.
Vegan
pet food is made with plant-based and natural components rather than raw
materials sourced from animals, and is
guaranteed to be free from any form of animal abuse or exploitation. The major
trends in the human food industry, such as vegetarianism, clean labeling,
alternative proteins, and healthier ingredients, have an impact on the pet food
industry.
Increasing Investment in Vegan Food Aid the Market Expansion
Other
than enhanced personal and planetary health, the growing acceptance of vegan
diets and veganism are having a noticeable impact on the Vegan Pet Food Market.
According to a study, more and more pet owners are feeding their animals
meat-free diets which has led to increase the market demand. To increase their
market presence, key players are expanding their product lines by offering
vegan pet food such as wet and dry food. For instances, The UK-based vegan
dog food company Omni has revealed a 600 percent increase in sales. The sum
refers to transactions that took place between September 2021 and February
2022. The market for vegan dog food is anticipated to expand at a CAGR
of 12%through 2028, according to Omni. This might be an opportunity to
benefit from an upswing in the industry. Similarly, in 2022, Trellis Road was
one of the investors, who contributed $1.5 million to the firm, with the funds
designated for the development of new snacks and other Omni product lines.
Therefore, during the projection period, these variables will support the
growth of lucrative business prospects in the UK market.
Rising Tend Toward Humanizing Pets Will Fueled the Market
Growth.
The
concept "pet humanization" is being widely used in the pet market as
more pet owners wish to give their animals human-like experiences or products.
Pet owners want nutritive advantages, high ingredient quality, enhanced
digestibility, and animal safety in their pet food since they view their
animals as members of the family. Demand for premium pet food with a high
nutritional content is rising due to this trend. The need of eating healthy has
become more widely acknowledged to the humanization of pets. An increase in
recent pet-related spending demonstrates that it has made it possible for pet
owners to spend more on high-quality pet food products. In 2022, according to a
new report from the Vegan Society, people in the United Kingdom would consider
feeding vegan food to their pets. According to the findings, an estimated 59
percent of UK households have an animal companion. 60% pets are dogs and cats. Out
of which 49%survey respondents would consider vegan cat food, with 32%willing
to buy if it were healthy and suitable for their companion; 17% were
cost-driven, declaring they would buy if it was reasonably priced. Dog owners
revealed similar results, with 45% respondents interested in plant-based food
for their hounds and 32% willing to purchase it if it is nutritious.