V-planet, a vegan dog food brand, enters the UAE market that could push the annual dog food sale to $69.2 million by 2026

  • Date: 17-Apr-2023
  • Source: Khaleej Times
  • Sector:Agriculture
  • Country:UAE
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V-planet, a vegan dog food brand, enters the UAE market that could push the annual dog food sale to $69.2 million by 2026

With V-planet, a plant-based dog nutrition food, dogs can enjoy all the benefits of animal protein without any health concern with a longer and healthy life

Published: Mon 17 Apr 2023, 3:19 PM Last updated: Mon 17 Apr 2023, 3:38 PM

The dog food sale in the UAE is expected to grow at a Compound Annual Growth Rate (CAGR) of 15.4 percent to $69.2 million in 2026, up from US$39 million recorded sale in 2021, according to a report by Euromonitor International, primarily driven by the influx of international premium branded plant-based dog food, such as V-planet that offers better nutrition, good health and longer life to pet dogs.

This is higher than the 12.4 percent CAGR recorded in the previous four years, from 2016-2020, although the growth rate of the dog population is expected decline more than half to 2 percent between 2021 to 2026, from 4.2 percent recorded in the previous four years from 2016 to 2020.

The dog population is expected to grow at a CAGR of two per cent to 88,300 in 2026, compared to 81,600 recorded in 2021. The increase in the dog food sale in the UAE at the backdrop of a decline in the dog population growth