News & Press

Report: Global plant-based pet food market to reach $34.1 billion by 2034

Thu, 22 Oct 2026 16:48:00 GMT

The global plant-based pet food market reached $14.9 billion in 2025 and is projected to reach about $34.1 billion by 2034, according to a report from Growth Market Reports. The market is expected to expand at a compound annual growth rate (CAGR) of 9.4% from 2026 to 2034.

HABRI survey highlights awareness of pet ownership health benefits

Wed, 21 Oct 2026 16:18:00 GMT

New survey findings from the Human Animal Bond Research Institute (HABRI) highlight the broad awareness of the health benefits of pet ownership. Nearly all pet owners (98%) reported experiencing at least one health benefit as a result of owning a pet, and 97% of Americans said they are aware of at least one research-backed benefit of pet ownership. Additionally, 62% of Americans have discussed the positive impact pets can have on health.

Pet food ingredients market forecast: $57.68B by 2031

Tue, 20 Oct 2026 16:08:00 GMT

The global pet food ingredients market is projected to grow from $41.55 billion in 2026 to $57.68 billion by 2031, driven by rising pet ownership, demand for premium and functional pet foods, and increased focus on pet health and nutrition with specialty ingredients.

The Innovation Trap: Breaking the Cycle of Sameness in Pet Food

Tue, 20 Oct 2026 15:59:00 GMT

The pet food industry is a hotbed of product innovation. You can see it up close at Global and SUPERZOO. Yet a curious thing is happening: premium brands increasingly chase each other into every nutritional niche that emerges. Some of the innovation is form and ingredient based, such as the rapid expansion of various fresh formats. Other solutions fall from advances in manufacturing technique as the pet industry relentlessly pursues minimal processing and new versions of shelf stable raw.

Petflation lowers to 2.2%; pet food prices ease

Tue, 20 Oct 2026 14:40:00 GMT

Petflation dropped to 2.2% in September 2026, down from 3.2% in August, with pet food prices declining 0.02% month-over-month and rising only 1.5% year-over-year. This significant slowdown reflects easing pressure on pet owners' budgets as inflation across pet segments, particularly pet services, continues to cool after reaching record highs earlier in 2026.

Report: Plant-based pet food market to reach $34.1B

Mon, 19 Oct 2026 14:53:00 GMT

The global plant-based pet food market reached $14.9 billion in 2025 and is projected to reach about $34.1 billion by 2034, according to a report from Growth Market Reports. The report forecast a compound annual growth rate of 9.4% from 2026 to 2034.