Global Vegan Pet Food Market, By Source (Animal-based, Plant-based, Synthetic), Pet (Dog, Cat, Fish), Form (Dry, Wet), Nature (Organic, Conventional), Sales Channel (Modern Trade, Pet Food Stores, Veterinary Clinics, Online Retailing, Other Retailing Formats), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Vegan Pet Food Market
The vegan pet food market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 1.44 billion and grow at a CAGR of 9.50% in the above-mentioned forecast period. Increase in pet adoption among the urban population drives the vegan pet food market.
Vegan dog foods are those produced with the exception of products containing, or processed with, any component of an animal or any by-product of any animal. The use of fruits, grains, cereals, legumes, nuts, vegetable oils, and soya, as well as some other non-animal foods, can be used in vegan dog food.
Increasing trend of humanization of pets to drive the demand for premium products is a vital factor escalating the market growth, also rising surging levels of expenditure of pets, increasing usages of cannabis in pet food, rising consumption of vegan food will reduce the occurrences of allergies, growing number of technological advancement to enhance product development along with rising expenditure, and rising adoption of board certified food products are some of the vital as well as impactful factors are the major factors among others driving the vegan pet food market briskly. Moreover, rising research and development activities and increasing modernization in the new products offered in the market will further create new opportunities for the vegan pet food market in the forecast period of 2021- 2028.
However, rising less availability of ingredients along with non-uniformity of regulations for international trade are the major factors among others acting as restraints, and will further challenge the vegan pet food market in the forecast period.
Vegan pet food market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vegan pet food market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Vegan Pet Food Market Scope and Market Size
The vegan pet food market is segmented on the basis of source, pet, form, nature and sales channel. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of source, the vegan pet food market is segmented into animal-based, plant-based and synthetic.
- Based on pet, the vegan pet food market is segmented into dog, cat and fish.
- Based on form, the vegan pet food market is segmented into dry and wet.
- Based on nature, the vegan pet food market is segmented into organic and conventional.
- The vegan pet food market is also segmented on the basis of sales channel into modern trade, pet food stores, veterinary clinics, online retailing and other retailing formats.
Vegan Pet Food Market Country Level Analysis
The vegan pet food market is analysed and market size insights and trends are provided by country, source, pet, form, nature and sales channel as referenced above.
The countries covered in the vegan pet food market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
South America dominates the vegan pet food market due to rising surging levels of expenditure of pets, increasing usages of cannabis in pet food and rising consumption of vegan food will reduce the occurrences of allergies in this region. Asia-Pacific is the expected region in terms of growth in vegan pet food market due to rising trend of humanization of pets to drive the demand for premium products in this region.
The country section of the vegan pet food market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Vegan Pet Food Market Share Analysis
The vegan pet food market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the vegan pet food market.
The major players covered in the vegan pet food market report are Wild Earth, V-dog, Amì pet food, Benevo., Halo Pets, 4Legs, Isoropimene Zootrofe Georgios Tsappis Ltd., Augustine Approved, Yarrah Organic Petfood B.V., Antos B.V., Soopa Pets., Vegan4dogs, Compassion Circle, Inc., PETGUARD HOLDINGS, LLC, Bond Pet Foods, Inc., Natural Balance Pet Foods, Inc., Vegan Pet Food, Vegeco Ltd, Pedigree and V-Planet other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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