Vegan Pet Food Market Forecasts to 2028 – Global Analysis By Pet Type (Cats, Dogs), Product (Wet Food, Dry Food), Distribution Channel (Specialty Stores, Supermarkets and Hypermarkets, Online Retail) and By Geography
According to Stratistics MRC, the Global Vegan Pet Food Market is accounted for $8,667.97 million in 2020 and is expected to reach $18,179.02 million by 2028 growing at a CAGR of 9.7% during the forecast period. Factors such as growing number of pet owners, rising disposable income, and increasing awareness regarding pet health are driving the growth of the market. However, nutrient deficiency associated with vegan pet food is hampering the growth of the market.
Vegan pet food is made with plant-based and natural ingredients without having any animal derived raw materials thereby ensuring no cruelty or exploitation of animals. It is healthy and easy to digest, which makes it more desirable than ordinary pet food.
Based on the product, the dry food segment is anticipated to expand at a rapid pace during the forecast period owing to its low moisture content and longer shelf life. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the development of new and innovative products by the manufacturers in the region.
Some of the key players profiled in the Vegan Pet Food Market include Bond Pet Foods, Inc, Vegan4dogs, Antos B.V., V-dog, Isoropimene Zootrofe Georgios Tsappis Ltd, Wild Earth, Soopa Pets, Benevo, Halo Pets, and YARRAH.
Estimated Market Size in 2020:
USD 8,667.97 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 18,179.02 million
Tables, Graphs & Figures
Pet Type, Product, Distribution Channel, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Pet Types Covered:
• Wet Food
• Dry Food
Distribution Channels Covered:
• Specialty Stores
• Supermarkets and Hypermarkets
• Online Retail
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Vegan Pet Food Market is majorly driven by the growing number of pet owners, rising disposable income, and increasing awareness regarding pet health.
The dogs segment is growing at a highest CAGR as they are the most popular pets among the pet owners worldwide and vegan pet food helps them in managing their weight.
Europe dominated with a significant market share due to the easy availability of vegan pet food products as vegan products are is becoming more popular in the region.
Asia Pacific market is growing at a highest CAGR owing to the development of innovative products by the manufacturers in the region.
Key players in Vegan Pet Food Market include Bond Pet Foods, Inc, Vegan4dogs, Antos B.V., V-dog, Isoropimene Zootrofe Georgios Tsappis Ltd, Wild Earth, Soopa Pets, Benevo, Halo Pets, and YARRAH.
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