Datafox specialise in R&D Tax Credits for the Pet Food industry
Pet Food Industry
Datafox specialises in delivering R&D Tax Credits for those within the Pet Food industry.
Looking for a beautiful funding solution?
The pet food industry has been undergoing some major transformation and innovation, thanks to the rising demand for healthier, natural pet food products. In fact, according to a recent market analysis, cat and dog food spending alone is expected to reach almost £3 billion in the UK in 2020, with pet food value increasing by approximately 16% over the last 5 years. The rising trend of pet humanisation has led to owners opting for pet diets that mirror their own. This means that more and more pet owners are introducing plant-based options in their animals’ diets, in turn increasing the demand for new and organic food products.
Another trend that has picked up momentum in recent years is the inclusion of premium ingredients in pet foods and treats. There is serious competition in the market for developing premium pet food products that have unique recipes, authentic ingredients, and appetizing tastes. Pet food brands are also facing a challenge in developing customised food that has animal-specific nutritional content, as pet owners are moving away from the idea of a one-size-fits-all approach when it comes to choosing food for their pets. A lot of extensive R&D is currently happening in the pet food sector in order to meet these growing requirements of the market. Considerable funding is also needed to develop new food formulae that include healthy, organic ingredients without compromising on the palatability of the product.
For this reason, those within the pet food industry have an exciting opportunity to provide unique products to the increasing population of pet owners. This also gives them a chance to make a successful R&D Tax credit claim that can support any ongoing R&D work they may be conducting for their new product development. Some of the potentially eligible areas include:
- Modification and creation of new processes and recipes for new product development
- Development of new and improved natural formulations
- Testing of new products as per the official health and safety regulations in the UK
- Identification of new ingredients and testing their efficacy
- Development of new or improved distribution methods
Datafox specialise in the Pet Food industry
DataFox specialises in the Pet Food industry. We can help you get the maximum potential pay-out from your claim as our team has all the knowledge and experience to handle industry-specific claims in a diligent manner. We will keep you informed of the progress from start to finish and process your claim on a no-win-no-fee basis with no upfront costs.
Premium Pet Food Products
The Pet Food industry is constantly evolving as innovative products are regularly introduced in the market. If you are part of the industry, you can claim tax credits for developing unique pet foods and treats, regardless of the scale and stage of your business within the development and distribution process. DataFox has helped several manufacturers, wholesalers, retailers, and individual entrepreneurs within the pet food industry who have developed ground-breaking products or processes. We can help get you the R&D tax credit you deserve.
Ready to apply?
If you’re ready to apply for your R&D tax refund, please call us on the freephone number below or use this contact form and one of our helpful team will be in touch to help.
By completing the above contact form you consent that Datafox can contact you with regard to an R&D Tax Credits claim and use your details during any future claims.
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