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Vegan Pet Food Market by 2028 at 7.7% CAGR, COVID-19 Impact and Global Analysis

11-12-2021 06:50 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Vegan Pet Food

Vegan Pet Food

The vegan pet food market was valued at US$ 8,667.97 million in 2020 and is projected to reach US$ 15,651.22 million by 2028; it is expected to grow at a CAGR of 7.7% from 2021 to 2028.

Vegan pet food is produced with plant-based and natural ingredients without having a trace of animal derived raw material and ensuring no cruelty or exploitation of animals in any sorts. The key trends in pet food market are influenced by the human food trends such as clean labels, veganism, alternative proteins, and healthier ingredients. Vegan pet owners prefer to feed vegan pet food even to their pets, which is propels the growth of global vegan pet food market.

Humanization of Pets to Bolster Market Growth

A majority of the global population considers pets as a part of their family. Dogs and cats are the most preferred pets owing to their friendly nature. More than half of the population in America adopts a dog or a cat, and a significant amount is spent on pets to ensure their wellbeing. With the growing acceptance of veganism, a vegan diet is preferred for themselves and their pets. Most pet owners opt for products that have clean labels, sustainability claims, and functional nutrition. The rising humanization of pets among the global populace increases the awareness regarding the quality and ingredients of the pet food provided by the owners, which, in turn, bolsters the growth of the vegan pet food market.

Vegan Pet Food Market: Segmental Overview

Based on product type, the market is segmented into wet food, dry food, and others. In 2020, the dry food segment held the largest share of the global vegan pet food market and is expected to register the highest CAGR during 2021–2028.

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Vegan Pet Food Market: Competition Landscape and Key Developments

Antos B.V.; Benevo; Bond Pet Foods, Inc.; V-dog; Soopa Pets; Vegan4dogs; Wild Earth; Yarrah; Isoropimene Zootrofe Georgios Tsappis Ltd.; and Halo Pets are among the key companies operating in the global vegan pet food market.

Impact of COVID-19 Pandemic on Vegan Pet Food Market

As the economies are planning to revive their operations, the demand for vegan pet food is rising. In addition, most people are now working from home, and this lifestyle change has further inspired families to welcome new pets to their families. Vegan pet owners are looking for sustainable vegan pet food for their pets. Also, there is no evidence yet that pets contribute to the spread of COVID-19; hence, families feel safe to welcome new companion animals for emotional support. In March 2020, animal shelters across the UK have seen a notable uptick in dog and cat adoption.

Purchase a copy of Vegan Pet Food Market research report @ https://www.theinsightpartners.com/buy/TIPRE00022433/?utm_source=OpenPR&utm_medium=10188

Vegan Pet Food Market – by Product Type
• Dry Food
• Wet Food
• Others

Vegan Pet Food Market – by Pet Type
• Dogs
• Cats

Vegan Pet Food Market – by Distribution Channel
• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail

Contact Us:

The Insight Partners
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: https://www.theinsightpartners.com/

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Electronics and Semiconductor s, Pharmaceuticals, Chemicals and Materials, Automotive and Transportation, Aerospace and Defense, Electronics and Semiconductors, Technology, Media, and telecommunication, Manufacturing and Construction.

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