Vegan dog food market forecast to 2028 – Impact of COVID-19 and global analysis – by product type (dry food, wet food, treats and others) and distribution channel (supermarkets and hypermarkets, specialty stores, retail in line and others).
New York, January 6, 2022 (GLOBE NEWSWIRE) – Reportlinker.com Announces Publication of the Report “Vegan Dog Food Market Forecast to 2028 – Impact of COVID-19 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 forecast 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 with various plant-based ingredients, such as corn, rice, soybeans, oats, and flax seeds, and is made without using raw materials of animal origin, ensuring that no animals are harmed or exploited in the process.
Dog owners are increasingly concerned about the health of their pets and this is one of the main reasons for their increased spending on vegan dog food.
Food offers multiple benefits, for example, since the vegan diet is clean, dogs fed vegan food face fewer digestion problems.
Also, the smell of the dog’s feces will be reduced. Such factors are driving the adoption of vegan dog foods around 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 led the market in 2020.
Dry dog food has a long shelf life and is less likely to spoil; it can also be kept without refrigeration.
This makes them easy to transport and store. Additionally, dry foods are high in fiber and help keep dogs’ teeth healthy by decreasing plaque build-up.
Additionally, manufacturers are fortifying vegan dog food to improve its nutritional content and meet the nutritional concerns of pet owners. Vegan dry dog food is available in a variety of forms, such as pellets, kibbles, and flaked cereals.
Based on the region, the vegan dog food market is segmented into North America, Europe, Asia Pacific, South and Central America, and the Middle East and Africa. In 2020, Europe accounted for the largest share of the market, and Asia-Pacific is projected to record 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 of humanizing pets would also drive market growth in the coming years.
In addition, the growing trend of veganism and the growing number of pet owners in Asia-Pacific are driving the vegan dog food market across the region. According to the article published in the Bloomberg Quint, sales of pet food in India increased by 20%, due to an increase in pet adoption during the COVID-19 pandemic-induced shutdown, and manufacturers hope to maintain the trend.
Pet adoption is increasing at an exponential rate as people spend more time alone at home. Pet adoption is becoming popular with the young generation. This factor is expected to open up significant growth opportunities for the Asian-Pacific vegan dog food market in the coming years.
Some players operating in the vegan dog food market are Antos BV; Benevo; Bond Pet Foods, Inc .; V-dog; Soopa’s Pets; Vegan4dogs; Wild land; Yarrah; Isoropimene Zootrofe Georgios Tsappis Ltd .; and Halo Pets.
The size of the global vegan dog food market has been derived using primary and secondary sources. To begin the research process, extensive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
Additionally, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights on the subject. Participants in this process include industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, who specialize in the vegan dog food market.
Read the full report: https://www.reportlinker.com/p06195656/?utm_source=GNW
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