Vegan Dog Food Market Key Players and Opportunities by 2028

[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.

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Vegan Dog Food Market: Strategic Insights

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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.  

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.

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. 

 

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 Regional Insights

The regional trends and factors influencing the Vegan Dog Food Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Vegan Dog Food Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Vegan Dog Food Market Report Scope

Vegan Dog Food Market Players Density: Understanding Its Impact on Business Dynamics

The Vegan Dog Food Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Vegan Dog Food Market are:

1. Antos B.V.
2. Benevo
3. Bond Pet Foods, Inc.
4. V-dog
5. Soopa Pets

Disclaimer: The companies listed above are not ranked in any particular order.

 

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