Pet Food - Plant Proteins: Market Size & Forecast 2026

The global plant protein ingredients market for pet food sits at approximately USD 4.2 billion in 2025 (base year), growing at a 7.5% CAGR through 2032 toward roughly USD 7.0 billion. The category is structurally anchored to yellow field pea and soy commodity economics, with pea protein isolate pricing in the USD 4,150-4,200/MT band across North America and Asia in early 2026 and a EUR 3,950/MT benchmark in the EU. Demand is pulled by pet humanisation and plant-based pet food reformulation, but the supply chain is concentrated among four to five integrated agri-processors who control primary protein extraction capacity. > **Analyst Take.** The consensus 7.5% CAGR is optimistic. A 7.5% compound growth rate implies the category roughly doubles inside a decade, which overstates what a feedstock-anchored ingredient segment can sustain against mature pet food parc dynamics. We read the more c

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