Vegan dog food is made entirely of plant-based components, with no animal-derived raw materials, guaranteeing that no animals are harmed or exploited in any way. Veganism is one of the rapidly emerging trends. People are shifting their food preferences towards plant-based diet owing to rising awareness about the benefits of plant-based food and animal wellbeing. Moreover, vegan pet owners prefer feeding their pets with a vegan diet. Vegan dog food comes with a number of advantages. The odor of the dog’s feces will be reduced. Food deposits on bones and joints are reduced, lowering the risk of articular gout. Moreover, as vegan diet is clean, dogs fed with vegan food face very less digestion problems. Cancer and hypothyroidism are less likely to strike. Thus, the rising popularity of vegan diet amongst the dog owners owing to its benefits is primarily driving the market growth.
Increasing Product Demand from Emerging Regions like Asia-Pacific is driving the Market Growth
The pet population is growing at the same rate as the human population. Dogs are one of the most popular pets in the world. The rising trend of veganism and increasing number of pet owners in Asia-Pacific is expected to drive the vegan dog food market across the region. Moreover in countries like India, pet food sales increased by 20%, due to a rise in pet adoption during the coronavirus-induced lockdown, with manufacturers hoping to keep the trend going. Pet adoption is increasing at an exponential rate as individuals spend more time alone at home. Adopting pets is becoming more popular among the younger generation. This factor is expected to open significant growth opportunities for vegan dog food market across Asia-Pacific.
Some individuals in nations like India refuse to eat meat because of religious convictions. India, like all other countries, is currently awakening to the ethical, health, and economic benefits of plant-based and dairy-free foods. For decades, the country has been recognized as a dairy-loving country. However, the picture is changing, and veganism is becoming increasingly popular. The food offered to pets is infused with this shifting pattern of human eating habits. In India, as the number of vegan pet owners grows, so does the use of a vegan diet for pets. As a result, Asia-Pacific is likely to provide attractive prospects for national and international market players to participate in the vegan dog food market over the forecast period.
A few players operating in the vegan dog food market are Antos B.V.; Benevo; Bond Pet Foods, Inc.; V-dog; Soopa Pets; Vegan4dogs; Wild Earth; Yarrah; Isoropimene Zootrofe Georgios Tsappis Ltd.; and Halo Pets. These companies are constantly striving to expand and diversify their market presence and acquire new customers across different geographies.
