[Research Report] The vegan dog food market was valued at US$ 6,386.83 million in 2021 and is projected to reach US$ 10,839.65 million by 2028; it is expected to grow at a CAGR of 7.8% from 2021 to 2028.
Vegan dog food is made entirely with 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 toward plant-based diet owing to the 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 offers various advantages, such as it helps reduce the odor of the dog's feces and lower food deposits on bones and joints that can mitigate the risk of articular gout. Moreover, as vegan diet is clean, dogs fed with vegan food face 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.
In 2020, Europe held the largest share in the global vegan dog food market and Asia-Pacific is anticipated to be the fastest-growing market during the forecast period. Veganism, or the practice of avoiding the use of animal products in diet, is gaining popularity in the region. Europeans are becoming aware of the harm they are inflicting to the environment and the animal population. In Europe, the number of vegans is expanding at a faster rate. Furthermore, the widespread availability of vegan dog food items with the same nutrient content like traditional meat-based pet diets allows pet owners to select a vegan diet over a traditional one. This factor is considerably driving the growth of the vegan dog food market across Europe.
Impact of COVID-19 Pandemic on Vegan Dog Food Market
The COVID-19 pandemic posed unprecedented challenges to several industries, such as the food & beverage industry. During the early months of the pandemic, the food processing industry faced raw material shortage and distribution problems due to nationwide lockdown, manufacturing plants shutdown, and border restrictions under COVID-19 safety protocols. Small enterprises struggled to operate and sell their products because of the implementation of the COVID-19 safety regulations. Due to the nationwide lockdown and border restrictions, supply chains were entirely disrupted, significantly impacting the sales of various food and beverage goods. However, it was observed that many pet owners spent a significant amount of money on their pets' health and nutrition. During lockdowns, people spent more time alone at home, which led to an upsurge in animal adoption. This factor has dramatically increased the demand for pet care items, such as pet food, positively impacting the global vegan dog food market. However, due to the shortage of raw materials and labor, there was a demand and supply gap, which hindered the sales and availability of products. Moreover, many distribution centers such as supermarkets and hypermarkets remained close due to lockdowns, which hampered product availability.
Businesses are gaining ground as previously imposed limitations are being eased across various locations. Moreover, the introduction of COVID-19 vaccines by governments of different countries has eased the situation leading to a rise in business activities across the world. Due to rising vaccination rates globally, the global marketplace has started recovering from the losses, which is expected to fuel the growth of the vegan dog food market. Moreover, e-commerce platforms played a significant role in reviving product sales because of their extensive logistics and distribution capabilities. The online retail platforms made the product available at the doorsteps of the consumers. These factors are projected to create lucrative opportunities for the market in the coming years.
Vegan Dog Food Market: by Region
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Increasing Demand for Vegan Dog Food from Asia-Pacific
Pet owners are spending significant amounts on pet food owing to rising disposable income and increasing concerns related to pet nutrition, health, and wellness. The owners do extensive research on the ingredients used in the pet food. Natural and specialty pet products are in high demand as people extend their own wellness and nutrition preferences to their pets' product choices. The rising trend of veganism and increasing number of pet owners in Asia-Pacific drive the vegan dog food market across the region. Moreover, according to the article published in Bloomberg Quint, in India, pet food sales increased by 20%, due to a rise in pet adoption during the COVID-19 pandemic-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 popular among the young generation. This factor is expected to open significant growth opportunities for the vegan dog food market across Asia-Pacific in the coming years.
Product Type Insights
Based on product type, the vegan dog food market is segmented into dry food, wet food, treats, and others. The dry food segment led the market in 2020. Dry foods are low in moisture and available in a variety of forms, such as pellets, kibbles, and flaked cereals. Dry vegan dog food is manufactured by using numerous plant-based ingredients, such as corn, rice, soybean, oats, chickpea, sunflower seed meals, pea protein, hydrolyzed vegetable meal, and flaxseed meal. Moreover, to enhance the nutritional profile of vegan dry dog food, they are fortified with a few essential nutrients such as vitamins and minerals, proteins, amino acids, and probiotics. Dry dog food has high shelf-life and is less prone to decay. Moreover, it can be stored without refrigeration. Thus, they are easy to transfer and store. Furthermore, dry food is high in fiber content and ensure health of dogs’ teeth by reducing the plaque build-up. All these factors are significantly driving the market growth for this segment.
Vegan Dog Food Market, by Product Type – 2020 and 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Distribution Channel Insights
Based on distribution channel, the global vegan dog food market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Supermarkets and hypermarkets are one of the most popular distribution channels for vegan dog foods owing to its various benefits such as the access to a great range of products from well-known brands under one roof, ease of product selection, and discounts and attractive deals. Moreover, in these stores, customers can physically check the ingredients present in the product, which is also driving the popularity of supermarkets and hypermarkets.
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Vegan Dog Food Market: Strategic Insights
Market Size Value in US$ 6,386.83 million in 2021 Market Size Value by US$ 10,839.65 million by 2028 Growth rate CAGR of 7.8% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Vegan Dog Food Market: Strategic Insights
| Market Size Value in | US$ 6,386.83 million in 2021 |
| Market Size Value by | US$ 10,839.65 million by 2028 |
| Growth rate | CAGR of 7.8% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
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.
Report Spotlights
- Progressive industry trends in the vegan dog food market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the vegan dog food market from 2019 to 2028
- Estimation of global demand for vegan dog food
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the vegan dog food market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the vegan dog food market size at various nodes
- Detailed overview and segmentation of the market, as well as the vegan dog food industry dynamics
- Size of the vegan dog food market in various regions with promising growth opportunities
Vegan Dog Food Market – by Product Type
- Dry Food
- Wet Food
- Treats
- Others
Vegan Dog Food Market – by Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
Company Profiles
- Antos B.V.
- Benevo
- Bond Pet Foods, Inc.
- V-dog
- Soopa Pets
- Vegan4dogs
- Wild Earth
- Yarrah
- Isoropimene Zootrofe Georgios Tsappis Ltd.
- Halo Pets
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Based on product type, the treats segment is projected to register the fastest CAGR from 2021 to 2028. Vegan treats provide good nutrition, improve dental health of dogs, increase activity, and promote emotional well-being.
Based on distribution channel, the online retail segment is projected to grow at the fastest CAGR over the forecast period owing to factors such as ease of accessibility, availability of wide range of products, convenience offered by these channels in terms of delivery of the products, cashbacks, discount coupons, and attractive deals.
Based on distribution channel, in 2020, the supermarkets and hypermarkets segment led the global vegan dog food market. Supermarkets and hypermarkets are amongst the significant distribution channels for vegan dog foods, owing to factors such as the access to a greater range of products from well-known brands under one roof, ease of product selection, and discounts and attractive deals.
Based on product type, dry food segment led the vegan dog food market in 2020. Dry foods are low in moisture and come in a variety of forms, including pellets, kibbles, and flaked cereals, among others. It is manufactured using ingredients such as corn, rice, soybean, oats, chickpea, sunflower seed meals, pea protein, hydrolyzed vegetable meal, flaxseed meal, and other plant-based components.
In 2020, Europe held the largest share in the vegan dog food market. Rising trend of veganism and rising concerns related to pet health and nutrition are the primary factors driving the market growth. Veganism, or the practice of avoiding the use of animal products in one's diet, is gaining popularity in the region.
Some of the prominent players operating in the global vegan dog food market include Antos B.V., Benevo, Bond Pet Foods, Inc., V-dog, Soopa Pets, Vegan4dogs, Wild Earth, Yarrah, Isoropimene Zootrofe Georgios Tsappis Ltd., and Halo Pets among others.
The List of Companies - Vegan Dog Foods Market
- Antos B.V.
- Benevo
- Bond Pet Foods, Inc.
- V-dog
- Soopa Pets
- Vegan4dogs
- Wild Earth
- YARRAH
- Isoropimene Zootrofe Georgios Tsappis Ltd.
- Halo Pets
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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