Asia Pacific Vegan Pet Food Market is expected to reach US$ 1,781.11 Mn by 2028

Dogs segment to Dominate the Asia Pacific Vegan Pet Food Market during 2021–2028

According to The Insight Partners market research study on “Asia Pacific Vegan Pet Food Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Pet Type, and Distribution Channel,” is expected to reach US$ 1,781.11 million by 2028 from US$ 997.22 million in 2021. The market is estimated to grow at a CAGR of 8.6% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific vegan pet food market along with the drivers and restraints pertaining to the market growth. Growing humanize approach towards pets, expanding pet food fortification, and growing demand from Asia Pacific are the major factor driving the growth of the vegan pet food market. However, nutrient inadequacy related to vegan pet food hinder the growth of vegan pet food market.

The COVID-19 outbreak is anticipated to cause a significant economic loss in Asia Pacific. The consequence and impact are likely to worsen with the spread of the virus. The governments of various Asia Pacific countries-imposed lockdowns in early 2020 to restrict the spread of the virus, which in turn, negatively impacted the production of vegan pet food. The governments have asked the animal feed manufacturers to delay their production, which has adversely affected the world-wide supply of pet food, including vegan pet food. However, the government of different countries in Asia Pacific are now offering vaccination to people and taking precautionary measures to protect people against the spread of Covid-19. The governments of various countries in the region have realigned their operations, restructured their production facilities, and procured raw materials required for vegan pet food in advance to avoid an imbalance between supply and demand. Also, e-commerce network is playing a major role in food and pet food product distribution during the pandemic, and people mostly prefer buying products online.

Asia Pacific vegan pet food market is segmented based on product type, pet type, and distribution channel. The Asia Pacific vegan pet food market based on product type is segmented into dry food, wet food, and others. Dry food segment accounted for the highest share in the market in 2020 is expected to be fastest growing during forecast period. Based on pet type, is segmented into dogs and cats. The dogs segment accounted for the highest share in 2020 and is expected to be the fastest growing during forecast period. Based on distribution channel, is segmented into supermarkets and hypermarkets, specialty stores, online retail and others. The supermarkets and hypermarkets segment accounted for the highest share in 2020 and online retail segment is expected to be the fastest growing during forecast period.                                                                                                                        

Antos B.V.; Bond Pet Foods; Inc.; V-dog; Soopa Pets; Wild Earth; Yarrah; and Halo Pets are among some of the leading companies in the Asia Pacific vegan pet food market. The market players focus on new product innovations and developments in order to achieve sustainable growth and to distinguish themselves among competitors present in the highly competitive vegan pet food market.

The report segments the Asia Pacific Vegan Pet Food Market as follows:

Asia Pacific Vegan Pet Food Market – By Product

• Dry Food
• Wet Food
• Others

Asia Pacific Vegan Pet Food Market – By Pet

• Dogs
• Cats

Asia Pacific Vegan Pet Food Market – By Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail
• Others

Asia Pacific Vegan Pet Food Market – By Country

• China
• Japan
• India
• South Korea
• Australia
• Rest of Asia-Pacific