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Vegan Dog Food Market Outlook 2024: Exclusive Report By The Business Research Company
Vegan Dog Food Market
The Business Research Company offers in-depth market insights through Vegan Dog Food Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The vegan dog food market size has grown rapidly in recent years. It will grow from $15.64 billion in 2023 to $17.51 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to health advantages of vegan dog food, growth of organic pet food and expansion of online sales channels, environmental concerns and sustainability.
The vegan dog food market size is expected to see rapid growth in the next few years. It will grow to $27.03 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to growing pet population, popularity of human diets with less or no animal meat, greater empathy and consciousness among dog owners. Major trends in the forecast period include organic and conventional food, regional expansion, tailored and specialized options for vegan dog food.
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Market Segmentation:
The vegan dog food market covered in this report is segmented -
1) By Product Type: Dry Food, Wet food, Treats, Other Products
2) By Age Group: Adults, Senior, Puppies
3) By Packaging Type: Pouches, Bags, Folding cartons, Tubs And Cups, Can, Bottles And jars
4) By Distribution Channel: Store-Based Retailing, Online Retailers
Major Driver - The Impact Of A Booming Pet Population On Vegan Dog Food Demand
The growing pet population is expected to propel the growth of the vegan dog food market. Pet population refers to the number of domesticated animals kept as pets within a specific area or population. Vegan dog foods are often lower in fat and calories than traditional meat-based diets and also offer a sustainable, allergy-friendly, and potentially healthier dietary option for dogs. This can be beneficial for dogs that need to manage their weight or have specific dietary requirements to support conditions such as obesity. For instance, in September 2022, according to HealthforAnimals, a Europe-based government organization, Australia's pet population grew from 28.5 million to 30.4 million in 2021. Additionally, in 2022, according to the European Pet Food Industry, the total number of pets in Europe was 346 million, an increase from 309 million in 2021. Dog adoption accounted for 104 million in 2022, up from 92 million in 2021. Therefore, the increasing pet population is driving the growth of the vegan dog food market.
Competitive Landscape:
Major companies operating in the vegan dog food market report are Nestlé Purina PetCare Company, Pedigree Pet Foods, Royal Canin, Natural Balance Pet Foods Inc., Real Pet Food Company, Nutro Products Inc., Wild Earth, Halo Pets, Petcurean, Yarrah, Zuke's, Open Farm Pet, V-dog, Benevo, Amì Planet Srl, Antos B.V., Evolution Diet , Forza10, Duvoplus, Azmira Holistic Animal Care, Bramble Pets, VegDog, JustFoodForDogs, Rollover Premium Pet Food Ltd., Soopa Pets, Petaluma Inc., Guardian Pet Food Company Inc., Amore Pet Foods, Vegan4dogs, PawCo Foods
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Top Trend - Increasing Focus On Product Innovations To Gain A Competetive Edge In The Market
Major companies operating in the vegan dog food market are focused on developing innovative products, such as dry dog food, to increase their profitability in the market. Vegan dry dog food is a canine diet composed primarily of non-animal ingredients, such as grains, vegetables, and legumes, excluding meat as the primary protein source. For instance, in December 2023, Pack Pet Limited, a UK-based vegan dog food manufacturer, launched plant-based dry dog food. This plant-based dog food is Europe's first nutritionally complete formula, introducing a pioneering approach to canine diets. It is crafted with functional ingredients such as sweet potato, pumpkin, and blueberry, prioritizing holistic well-being. This utilizes a gradual baking method at lower temperatures to safeguard the integrity of components, taste, and nutritional value. The formula incorporates five primary plant-based protein sources, delivering approximately 25 grams of protein per 100 grams of food, and features a novel fermented rye strain to promote canine microbiome health with a digestibility rate surpassing 93%.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Vegan Dog Food Market Characteristics
3. Vegan Dog Food Market Trends And Strategies
4. Vegan Dog Food Market - Macro Economic Scenario
5. Vegan Dog Food Market Size And Growth
…..
27. Vegan Dog Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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