The vegan dog food market was valued at US $ 6,386.83 million in 2020 and is expected to reach US $ 10,839.65 million by 2028; it is expected to grow at a CAGR of 7.8% from 2021 to 2028
Vegan Dog Food Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Dry Food, Wet Food, Treats and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Sales in online retail and others).
New York, January 06, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Vegan Dog Food Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Product Type and Distribution Channel” – https://www.reportlinker.com/p06195656/?utm_source=GNW
The vegan dog food market was valued at US $ 6,386.83 million in 2020 and is expected to reach US $ 10,839.65 million by 2028; it is expected to grow at a CAGR of 7.8% from 2021 to 2028.
Vegan dog food is made up of various herbal ingredients, such as corn, rice, soybeans, oatmeal, and flax seeds. The food is made without using raw materials of animal origin, ensuring that no animals are harmed or exploited in the process.
Increasingly, dog owners are concerned about the health of their pets. This is one of the main reasons for their increased spending on vegan dog food.
Food offers multiple benefits. For example, because the vegan diet is clean, dogs fed vegan foods face fewer digestion issues.
In addition, the smell of dog feces will be reduced. Factors like these are driving the adoption of vegan dog food across the world.
Based on the type of product, the vegan dog food market is segmented into dry food, wet food, treats, and others. The dry food segment dominated the market in 2020.
Dry dog food has a long shelf life and is less likely to rot. It can also be stored without refrigeration.
This makes them easy to transport and store. Plus, dry foods are high in fiber and help keep dogs’ teeth healthy by decreasing plaque buildup.
Additionally, manufacturers are fortifying vegan dog foods to improve their nutritional content and address the nutritional concerns of pet owners. Vegan dry dog food comes in a variety of forms, such as granules, kibble, and flaked cereals.
Based on the region, the vegan dog food market is segmented into North America, Europe, Asia Pacific, South and Central America, as well as Middle East and Africa. In 2020, Europe accounted for the largest market share and East Asia-Pacific is expected to register the highest CAGR during the forecast period.
The Asian-Pacific vegan dog food market is driven by the growing pet population in the region and growing consumer interest in the vegan diet. In Asia-Pacific, the growing trend to humanize pets is also expected to fuel the market growth in the years to come.
In addition, the rising trend of veganism and the growing number of pet owners in Asia Pacific are boosting the vegan dog food market across the region. According to the article published in Bloomberg Quint, sales of pet food in India increased by 20%, due to increased adoption of pets during the lockdown induced by the COVID-19 pandemic, manufacturers hoping to keep the trend going.
The adoption of pets is increasing at an exponential rate as individuals spend more time alone at home. The adoption of pets is increasingly popular among the younger generation. This factor is expected to open up significant growth opportunities for the vegan dog food market in Asia-Pacific in the coming years.
A few players operating in the vegan dog food market are Antos BV; Volunteer; Bond Pet Foods, Inc .; V-dog; Pets; Vegan4dogs; Wilderness ; Yarrah; Isoropimen Zootrofe Georgios Tsappis Ltd .; and Halo Animals.
The size of the overall global vegan dog food market was derived using primary and secondary sources. To begin the research process, an exhaustive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
In addition, several primary interviews were conducted with industry participants to validate the data, as well as to gain more analytical information on the topic. Participants in this process include industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants such as industry experts. valuation, research analysts and key opinion leaders specializing in the vegan dog food market.
Read the full report: https://www.reportlinker.com/p06195656/?utm_source=GNW
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