Food and Beverages Vegan Pet Food Market Forecast to 2...

Vegan Pet Food Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Dry Food, Wet Food, Others), Pet Type (Dogs, Cats), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others)

Publication Month: May 2021 | Report Code: TIPRE00022433 | No. of Pages: 142 | Category: Food and Beverages | Status: Published

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The vegan pet food market was valued at US$ 8,667.97 million in 2020 and is projected to reach US$ 15,651.22 million by 2028; it is expected to grow at a CAGR of 7.7% from 2021 to 2028.

 

Vegan pet food is produced with plant-based and natural ingredients without having a trace of animal derived raw material and ensuring no cruelty or exploitation of animals in any sorts. The factors such as the trend of veganism, humanization of pets, and increasing number of pet owners propel the growth of the vegan pet food market. However, nutrient deficiency related to vegan pet food hinders the market growth.

 

Asia-Pacific is anticipated to be the fastest-growing market for vegan pet foods in the coming years. With the economic growth and rise in disposable income of people, lifestyle and consumption pattern of food are changing in countries such as India, China, and Japan. People in the region tend to prefer vegan diet due to some holistic beliefs, to protect the environment, and to focus on weight management. Vegan pet owners are offering vegan pet food to their pets since it is healthy and easy to digest, which is further influencing the growth of the vegan pet food market in Asia-Pacific. Also, the vegan pet food industry in the region is witnessing the entrance of new manufacturers with innovative products.

 

Impact of COVID-19 Pandemic on Vegan Pet Food Market

The COVID-19 outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food & beverage industry is among the significant industries suffering from severe disruptions, such as restrictions on supply chain and shutdown of production plants. The shutdown of various plants and factories is hindering the global supply chains and negatively impacting the manufacturing activities, delivery schedules, and various goods sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hampering the business collaboration and partnership opportunities. The disturbed value chain during the initial days of the pandemic has had a negative impact on raw material supply and further impacting the vegan pet food market. However, as the economies are planning to revive their operations, the demand for vegan pet food is rising. In addition, most people are now working from home, and this change in lifestyle has further inspired families to welcome new pets to their families. So, the negative impact of COVID-19 pandemic has not been significant in the vegan pet food market. Instead, vegan pet food manufacturers witnessed a significant rise in the sale of their products through online retail.

 

Vegan Pet Food Market, 2020

Vegan Pet Food Market, 2020

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Market Insights

Humanization of Pets

People value their pets and are also ready to spend significant money on keeping them healthy. The pet owners who are vegan prefer to feed vegan food to their pets. Most of the pet owners always opt for products that have clean labels, sustainability claims, and functional nutrition. Majority of the global population consider their pet as a family member. In addition, some of the families own more than just one dog, making them an integral part of the household. Moreover, the number of pet-friendly workplaces are increasing at a significant rate. Thus, growing humanization of pets increases the awareness regarding the quality and ingredients of the pet food provided by the owners, which propels the demand for the vegan pet food market.

 

Product Type Insights

Based on product type, the vegan pet food market is segmented into dry food, wet food, and others. The dry food segment led the market in 2020. Dry foods are low in moisture content and are available in various forms such as pellets, kibbles, flaked cereals, and others. Vegan dry pet food items contain plant-based ingredients such as corn, rice, soybean, oats, chickpea, sunflower seed meals, pea protein, hydrolysed vegetable meal, and flaxseed meal. Dry pet foods ensure the teeth health of dogs and cats by reducing the plaque build-up. Owing to its low moisture content, dry food can be stored without refrigeration unlike canned foods, which are prone to decay.

 

Vegan Pet Food Market, by Product Type – 2020 and 2028

Vegan Pet Food Market, by Product Type – 2020 and 2028

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Pet Type Insights

Based on pet type, the vegan pet food market is bifurcated into dogs and cats. The dogs segment led the market in 2020. Dogs are the most popular and beloved pets among the pet owners worldwide. Dogs can be fed with vegan diet as vegan food is clean, light, and highly nutritious. This type of food helps in managing the weight of dogs and improving their energy levels. Moreover, it is easily digestible that improves the gut health of dogs and helps in overcoming the problems of constipation and loose stools.

 

Distribution Channel Insights

Based on distribution channel, the global vegan pet food market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment led the market in 2020. For vegan pet foods, supermarkets and hypermarkets are one of the most preferred distribution channels owing to the factors such as an availability of wide range of products with popular brands under one roof, convenience of selecting the products, and discounts and attractive deals.

 

Strategic Insights

A few players operating in the vegan pet 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. The companies in the market are continuously looking forward to expand and diversify their market presence along with acquisition of new customer base and tapping prevailing business opportunities.

 

Report Spotlights

  • Progressive industry trends in the vegan pet food market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the vegan pet food market from 2019 to 2028
  • Estimation of global demand for vegan pet 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 pet 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 pet food market size at various nodes
  • Detailed overview and segmentation of the market, as well as the vegan pet food industry dynamics
  • Size of the vegan pet food market in various regions with promising growth opportunities

 

Vegan Pet Food Market – by Product Type

  • Dry Food
  • Wet Food
  • Others

 

Vegan Pet Food Market – by Pet Type

  • Dogs
  • Cats

Vegan Pet 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

1.             Introduction. 21

1.1       Study Scope. 21

1.2       The Insight Partners Research Report Guidance. 21

1.3       Market Segmentation. 22

2.             Key Takeaways. 24

3.             Research Methodology. 28

3.1       Scope of the Study. 28

3.2       Research Methodology. 28

3.2.1        Data Collection. 29

3.2.2        Primary Interviews. 29

3.2.3        Hypothesis Formulation. 30

3.2.4        Macro-economic Factor Analysis. 30

3.2.5        Developing Base Number 30

3.2.6        Data Triangulation. 30

3.2.7        Country Level Data. 31

3.2.8        Limitations and Assumption. 31

4.             Global Vegan Pet Food Market Landscape. 32

4.1       Market Overview.. 32

4.2       PEST Analysis. 33

4.2.1        North America. 33

4.2.2        Europe. 33

4.2.3        Asia-Pacific. 34

4.2.4        Middle East and Africa. 34

4.2.5        South and Central America. 35

4.3       Expert Opinion. 35

5.             Vegan Pet Food Market – Key Market Dynamics. 36

5.1       Market Drivers. 36

5.1.1        Rising Number of Pet Owners. 36

5.1.2        Humanization of Pets. 36

5.2       Market Restraints. 37

5.2.1        Nutrient Deficiency Related to Vegan Pet Food. 37

5.3       Market Opportunities. 37

5.3.1        Increasing Demand from Asia-Pacific. 37

5.4       Future Trends. 38

5.4.1        Pet Food Fortification. 38

5.5       Impact Analysis. 39

6.             Vegan Pet Food Market– Global Analysis. 40

6.1       Vegan Pet Food Market Overview.. 40

6.2       Vegan Pet Food Market –Revenue and Forecast To 2028 (US$ Million) 41

6.3       Competitive Positioning – Key Market Players. 42

7.             Vegan Pet Food Market Analysis – By Product Type. 43

7.1       Overview.. 43

7.2       Vegan Pet Food Market, By Product Type (2020 and 2028) 43

7.3       Dry Food. 44

7.3.1        Overview.. 44

7.3.2        Dry Food: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 44

7.4       Wet Food. 45

7.4.1        Overview.. 45

7.4.2        Wet Food: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 45

7.5       Others. 46

7.5.1        Overview.. 46

7.5.2        Others: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 46

8.             Vegan Pet Food Market Analysis – By Pet Type. 47

8.1       Overview.. 47

8.2       Vegan Pet Food Market, By Pet Type (2020 and 2028) 47

8.3       Dogs. 48

8.3.1        Overview.. 48

8.3.2        Dogs: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 48

8.4       Cats. 49

8.4.1        Overview.. 49

8.4.2        Cats: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 49

9.             Vegan Pet Food Market Analysis – By Distribution Channel 50

9.1       Overview.. 50

9.2       Vegan Pet Food Market, By Distribution Channel (2020 and 2028) 50

9.3       Supermarkets and Hypermarkets. 51

9.3.1        Overview.. 51

9.3.2        Supermarkets and Hypermarkets: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 51

9.4       Specialty Stores. 52

9.4.1        Overview.. 52

9.4.2        Specialty Stores: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 52

9.5       Online Retail 53

9.5.1        Overview.. 53

9.5.2        Online Retail: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 53

9.6       Others. 54

9.6.1        Overview.. 54

9.6.2        Others: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 54

10.          Vegan Pet Food Market – Geographic Analysis. 55

10.1    Overview.. 55

10.2    North America: Vegan Pet Food Market 55

10.2.1     North America: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 56

10.2.2     North America: Vegan Pet Food Market, By Product Type. 56

10.2.3     North America: Vegan Pet Food Market, by Pet Type. 57

10.2.4     North America: Vegan Pet Food Market, by Distribution Channel 58

10.2.5     North America: Vegan Pet Food Market, by Key Country. 59

10.2.5.1    US: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 59

10.2.5.1.1    US: Vegan Pet Food Market, by Product Type. 60

10.2.5.1.2    US: Vegan Pet Food Market, by Pet Type. 60

10.2.5.1.3    US: Vegan Pet Food Market, by Distribution Channel 60

10.2.5.2    Canada: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 61

10.2.5.2.1    Canada: Vegan Pet Food Market, by Product Type. 61

10.2.5.2.2    Canada: Vegan Pet Food Market, by Pet Type. 62

10.2.5.2.3    Canada: Vegan Pet Food Market, by Distribution Channel 62

10.2.5.3    Mexico: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 63

10.2.5.3.1    Mexico: Vegan Pet Food Market, by Product Type. 63

10.2.5.3.2    Mexico: Vegan Pet Food Market, by Pet Type. 64

10.2.5.3.3    Mexico: Vegan Pet Food Market, by Distribution Channel 64

10.3    Europe: Vegan Pet Food Market 65

10.3.1     Europe: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 65

10.3.2     Europe: Vegan Pet Food Market, By Product Type. 66

10.3.3     Europe: Vegan Pet Food Market, by Pet Type. 66

10.3.4     Europe: Vegan Pet Food Market, by Distribution Channel 67

10.3.5     Europe: Vegan Pet Food Market, by Key Country. 68

10.3.5.1    Germany: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 68

10.3.5.1.1    Germany: Vegan Pet Food Market, by Product Type. 69

10.3.5.1.2    Germany: Vegan Pet Food Market, by Pet Type. 69

10.3.5.1.3    Germany: Vegan Pet Food Market, by Distribution Channel 69

10.3.5.2    France: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 70

10.3.5.2.1    France: Vegan Pet Food Market, by Product Type. 70

10.3.5.2.2    France: Vegan Pet Food Market, by Pet Type. 71

10.3.5.2.3    France: Vegan Pet Food Market, by Distribution Channel 71

10.3.5.3    Italy: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 71

10.3.5.3.1    Italy: Vegan Pet Food Market, by Product Type. 72

10.3.5.3.2    Italy: Vegan Pet Food Market, by Pet Type. 72

10.3.5.3.3    Italy: Vegan Pet Food Market, by Distribution Channel 73

10.3.5.4    UK: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 73

10.3.5.4.1    UK: Vegan Pet Food Market, by Product Type. 74

10.3.5.4.2    UK: Vegan Pet Food Market, by Pet Type. 74

10.3.5.4.3    UIK: Vegan Pet Food Market, by Distribution Channel 74

10.3.5.5    Russia: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 75

10.3.5.5.1    Russia: Vegan Pet Food Market, by Product Type. 75

10.3.5.5.2    Russia: Vegan Pet Food Market, by Pet Type. 76

10.3.5.5.3    Russia: Vegan Pet Food Market, by Distribution Channel 76

10.3.5.6    Rest of Europe: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 76

10.3.5.6.1    Rest of Europe: Vegan Pet Food Market, by Product Type. 77

10.3.5.6.2    Rest of Europe: Vegan Pet Food Market, by Pet Type. 77

10.3.5.6.3    Rest of Europe: Vegan Pet Food Market, by Distribution Channel 77

10.4    Asia-Pacific: Vegan Pet Food Market 79

10.4.1     Asia- Pacific: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 79

10.4.2     Asia-Pacific: Vegan Pet Food Market, By Product Type. 80

10.4.3     Asia-Pacific: Vegan Pet Food Market, by Pet Type. 80

10.4.4     Asia-Pacific: Vegan Pet Food Market, by Distribution Channel 81

10.4.5     Asia- Pacific: Vegan Pet Food Market, by Key Country. 82

10.4.5.1    Australia: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 82

10.4.5.1.1    Australia: Vegan Pet Food Market, by Product Type. 83

10.4.5.1.2    Australia: Vegan Pet Food Market, by Pet Type. 83

10.4.5.1.3    Australia: Vegan Pet Food Market, by Distribution Channel 83

10.4.5.2    China: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 84

10.4.5.2.1    China: Vegan Pet Food Market, by Product Type. 85

10.4.5.2.2    China: Vegan Pet Food Market, by Pet Type. 85

10.4.5.2.3    China: Vegan Pet Food Market, by Distribution Channel 85

10.4.5.3    India: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 86

10.4.5.3.1    India: Vegan Pet Food Market, by Product Type. 86

10.4.5.3.2    India: Vegan Pet Food Market, by Pet Type. 87

10.4.5.3.3    India: Vegan Pet Food Market, by Distribution Channel 87

10.4.5.4    Japan: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 88

10.4.5.4.1    Japan: Vegan Pet Food Market, by Product Type. 88

10.4.5.4.2    Japan: Vegan Pet Food Market, by Pet Type. 89

10.4.5.4.3    Japan: Vegan Pet Food Market, by Distribution Channel 89

10.4.5.5    South Korea: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 89

10.4.5.5.1    South Korea: Vegan Pet Food Market, by Product Type. 90

10.4.5.5.2    South Korea: Vegan Pet Food Market, by Pet Type. 90

10.4.5.5.3    South Korea: Vegan Pet Food Market, by Distribution Channel 91

10.4.5.6    Rest of Asia-Pacific: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 91

10.4.5.6.1    Rest of Asia-Pacific: Vegan Pet Food Market, by Product Type. 92

10.4.5.6.2    Rest of Asia-Pacific: Vegan Pet Food Market, by Pet Type. 92

10.4.5.6.3    Rest of Asia-Pacific: Vegan Pet Food Market, by Distribution Channel 92

10.5    Middle East and Africa: Vegan Pet Food Market 94

10.5.1     Middle East and Africa: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 94

10.5.2     Middle East and Africa: Vegan Pet Food Market, By Product Type. 95

10.5.3     Middle East and Africa: Vegan Pet Food Market, by Pet Type. 95

10.5.4     Middle East and Africa: Vegan Pet Food Market, by Distribution Channel 96

10.5.5     Middle East and Africa: Vegan Pet Food Market, by Key Country. 97

10.5.5.1    South Africa: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 97

10.5.5.1.1    South Africa: Vegan Pet Food Market, by Product Type. 98

10.5.5.1.2    South Africa: Vegan Pet Food Market, by Pet Type. 98

10.5.5.1.3    South Africa: Vegan Pet Food Market, by Distribution Channel 98

10.5.5.2    Saudi Arabia: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 99

10.5.5.2.1    Saudi Arabia: Vegan Pet Food Market, by Product Type. 99

10.5.5.2.2    Saudi Arabia: Vegan Pet Food Market, by Pet Type. 99

10.5.5.2.3    Saudi Arabia Vegan Pet Food Market, by Distribution Channel 100

10.5.5.3    UAE: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 100

10.5.5.3.1    UAE: Vegan Pet Food Market, by Product Type. 101

10.5.5.3.2    UAE: Vegan Pet Food Market, by Pet Type. 101

10.5.5.3.3    UAE Vegan Pet Food Market, by Distribution Channel 102

10.5.5.4    Rest of the Middle East and Africa: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 102

10.5.5.4.1    Rest of the Middle East and Africa: Vegan Pet Food Market, by Product Type. 103

10.5.5.4.2    Rest of the Middle East and Africa: Vegan Pet Food Market, by Pet Type. 103

10.5.5.4.3    Rest of the Middle East and Africa: Vegan Pet Food Market, by Distribution Channel 103

10.6    South and Central America: Vegan Pet Food Market 105

10.6.1     South and Central America: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 105

10.6.2     South and Central America: Vegan Pet Food Market, By Product Type. 106

10.6.3     South and Central America: Vegan Pet Food Market, by Pet Type. 107

10.6.4     South and Central America: Vegan Pet Food Market, by Distribution Channel 107

10.6.5     South and Central America: Vegan Pet Food Market, by Key Country. 108

10.6.5.1    Brazil: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 109

10.6.5.1.1    Brazil: Vegan Pet Food Market, by Product Type. 109

10.6.5.1.2    Brazil: Vegan Pet Food Market, by Pet Type. 110

10.6.5.1.3    Brazil: Vegan Pet Food Market, by Distribution Channel 110

10.6.5.2    Argentina: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 110

10.6.5.2.1    Argentina: Vegan Pet Food Market, by Product Type. 111

10.6.5.2.2    Argentina: Vegan Pet Food Market, by Pet Type. 111

10.6.5.2.3    Argentina: Vegan Pet Food Market, by Distribution Channel 112

10.6.5.3    Rest of South and Central America: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 112

10.6.5.3.1    Rest of South and Central America: Vegan Pet Food Market, by Product Type. 113

10.6.5.3.2    Rest of South and Central America: Vegan Pet Food Market, by Pet Type. 113

10.6.5.3.3    Rest of South and Central America: Vegan Pet Food Market, by Distribution Channel 113

11.          Overview- Impact of Coronavirus Outbreak. 115

11.1    Overview.. 115

11.2    Impact of COVID-19 on Vegan Pet Food Market 115

11.3    North America: Impact Assessment of COVID-19 Pandemic. 116

11.4    Europe: Impact Assessment of COVID-19 Pandemic. 117

11.5    Asia-Pacific: Impact Assessment of COVID-19 Pandemic. 118

11.6    Middle East & Africa: Impact Assessment of COVID-19 Pandemic. 119

11.7    South and Central America: Impact Assessment of COVID-19 Pandemic. 120

12.          Company Profiles. 121

12.1    Antos B.V. 121

12.1.1     Key Facts. 121

12.1.2     Business Description. 121

12.1.3     Products and Services. 121

12.1.4     Financial Overview.. 121

12.1.5     SWOT Analysis. 122

12.1.6     Key Developments. 122

12.2    Benevo. 123

12.2.1     Key Facts. 123

12.2.2     Business Description. 123

12.2.3     Products and Services. 123

12.2.4     Financial Overview.. 124

12.2.5     SWOT Analysis. 124

12.2.6     Key Developments. 124

12.3    Bond Pet Foods, Inc. 125

12.3.1     Key Facts. 125

12.3.2     Business Description. 125

12.3.3     Products and Services. 125

12.3.4     Financial Overview.. 125

12.3.5     SWOT Analysis. 126

12.3.6     Key Developments. 126

12.4    V-dog. 127

12.4.1     Key Facts. 127

12.4.2     Business Description. 127

12.4.3     Products and Services. 127

12.4.4     Financial Overview.. 127

12.4.5     SWOT Analysis. 128

12.4.6     Key Developments. 128

12.5    Soopa Pets. 129

12.5.1     Key Facts. 129

12.5.2     Business Description. 129

12.5.3     Products and Services. 129

12.5.4     Financial Overview.. 130

12.5.5     SWOT Analysis. 130

12.5.6     Key Developments. 130

12.6    Vegan4dogs. 131

12.6.1     Key Facts. 131

12.6.2     Business Description. 131

12.6.3     Products and Services. 131

12.6.4     Financial Overview.. 131

12.6.5     SWOT Analysis. 132

12.6.6     Key Developments. 132

12.7    Wild Earth. 133

12.7.1     Key Facts. 133

12.7.2     Business Description. 133

12.7.3     Products and Services. 133

12.7.4     Financial Overview.. 133

12.7.5     SWOT Analysis. 134

12.7.6     Key Developments. 134

12.8    YARRAH.. 135

12.8.1     Key Facts. 135

12.8.2     Business Description. 135

12.8.3     Products and Services. 135

12.8.4     Financial Overview.. 135

12.8.5     SWOT Analysis. 136

12.8.6     Key Developments. 136

12.9    Isoropimene Zootrofe Georgios Tsappis Ltd. 137

12.9.1     Key Facts. 137

12.9.2     Business Description. 137

12.9.3     Products and Services. 137

12.9.4     Financial Overview.. 137

12.9.5     SWOT Analysis. 138

12.9.6     Key Developments. 138

12.10 Halo Pets. 139

12.10.1   Key Facts. 139

12.10.2   Business Description. 139

12.10.3   Products and Services. 139

12.10.4   Financial Overview.. 139

12.10.5   SWOT Analysis. 140

12.10.6   Key Developments. 140

13.          Appendix. 141

13.1    About The Insight Partners. 141

13.2    Word Index. 141

 

LIST OF TABLES

Table 1.             Vegan Pet Food Market –Revenue and Forecast To 2028 (US$ Million) 41

Table 2.             Global Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 43

Table 3.             Global Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 47

Table 4.             Global Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 50

Table 5.             North America Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 57

Table 6.             North America Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 57

Table 7.             North America Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 58

Table 8.             US Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 60

Table 9.             US Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 60

Table 10.          US Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 60

Table 11.          Canada Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 61

Table 12.          Canada Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 62

Table 13.          Canada Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 62

Table 14.          Mexico Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 63

Table 15.          Mexico Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 64

Table 16.          Mexico Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 64

Table 17.          Europe Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 66

Table 18.          Europe Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 67

Table 19.          Europe Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 67

Table 20.          Germany: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 69

Table 21.          Germany Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 69

Table 22.          Germany Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 69

Table 23.          France: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 70

Table 24.          France Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 71

Table 25.          France Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 71

Table 26.          Italy: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 72

Table 27.          Italy Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 72

Table 28.          Italy Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 73

Table 29.          UK: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 74

Table 30.          UK Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 74

Table 31.          UK Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 74

Table 32.          Russia: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 75

Table 33.          Russia Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 76

Table 34.          Russia Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 76

Table 35.          Rest of Europe: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 77

Table 36.          Rest of Europe Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 77

Table 37.          Rest of Europe Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 77

Table 38.          Asia-Pacific Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 80

Table 39.          Asia-Pacific Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 81

Table 40.          Asia-Pacific Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 81

Table 41.          Australia: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 83

Table 42.          Australia Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 83

Table 43.          Australia Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 83

Table 44.          China: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 85

Table 45.          China: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 85

Table 46.          China: Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 85

Table 47.          India: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 86

Table 48.          India: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 87

Table 49.          India: Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 87

Table 50.          Japan: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 88

Table 51.          Japan: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 89

Table 52.          Japan: Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 89

Table 53.          South Korea: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 90

Table 54.          South Korea: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 90

Table 55.          South Korea: Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 91

Table 56.          Rest of Asia-Pacific: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 92

Table 57.          Rest of Asia-Pacific: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 92

Table 58.          Rest of Asia-Pacific: Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 92

Table 59.          Middle East and Africa: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 95

Table 60.          Middle East and Africa: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 96

Table 61.          Middle East and Africa: Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 96

Table 62.          South Africa: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 98

Table 63.          South Africa: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 98

Table 64.          South Africa: Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 98

Table 65.          Saudi Arabia: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 99

Table 66.          Saudi Arabia: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 100

Table 67.          Saudi Arabia Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 100

Table 68.          UAE: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 101

Table 69.          UAE: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 101

Table 70.          UAE Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 102

Table 71.          Rest of the Middle East and Africa: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 103

Table 72.          Rest of the Middle East and Africa: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 103

Table 73.          Rest of the Middle East and Africa: Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 103

Table 74.          South and Central America: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 106

Table 75.          South and Central America: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 107

Table 76.          South and Central America: Vegan Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 108

Table 77.          Brazil: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 109

Table 78.          Brazil: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 110

Table 79.          Brazil: Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 110

Table 80.          Argentina: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 111

Table 81.          Argentina: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 111

Table 82.          Argentina: Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 112

Table 83.          Rest of South and Central America: Vegan Pet Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Million) 113

Table 84.          Rest of South and Central America: Vegan Pet Food Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million) 113

Table 85.          Rest of South and Central America: Pet Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million) 113

Table 86.          List of Abbreviation. 141

 

LIST OF FIGURES

Figure 1.           Vegan Pet Food Market Segmentation. 22

Figure 2.           Vegan Pet Food Market Segmentation – By Region. 23

Figure 3.           Global Vegan Pet Food Market Overview.. 24

Figure 4.           Dry Food Segment Held Largest Share of Global Vegan Pet Food Market 25

Figure 5.           Europe Region Held Largest Share of Global Vegan Pet Food Market 26

Figure 6.           Global Vegan Pet Food Market, Industry Landscape. 27

Figure 7.           North America: PEST Analysis. 33

Figure 8.           Europe: PEST Analysis. 33

Figure 9.           Asia-Pacific: PEST Analysis. 34

Figure 10.        Middle East and Africa: PEST Analysis. 34

Figure 11.        South and Central America: PEST Analysis. 35

Figure 12.        Expert Opinion. 35

Figure 13.        Global Vegan Pet Food Market Impact Analysis of Drivers and Restraints. 39

Figure 14.        Geographic Overview of Vegan Pet Food Market 40

Figure 15.        Global: Vegan Pet Food Market – Revenue and Forecast To 2028 (US$ Million) 41

Figure 16.        Vegan Pet Food Market Revenue Share, By Product Type (2020 and 2028) 43

Figure 17.        Dry Food: Vegan Pet Food Market – Revenue and Forecast To 2028 (US$ Million) 44

Figure 18.        Wet Food: Vegan Pet Food Market – Revenue and Forecast To 2028 (US$ Million) 45

Figure 19.        Others: Vegan Pet Food Market – Revenue and Forecast To 2028 (US$ Million) 46

Figure 20.        Vegan Pet Food Market Revenue Share, By Pet Type (2020 and 2028) 47

Figure 21.        Dogs: Vegan Pet Food Market – Revenue and Forecast To 2028 (US$ Million) 48

Figure 22.        Cats: Vegan Pet Food Market – Revenue and Forecast To 2028 (US$ Million) 49

Figure 23.        Vegan Pet Food Market Revenue Share, By Distribution Channel (2020 and 2028) 50

Figure 24.        Supermarkets and Hypermarkets: Vegan Pet Food Market – Revenue and Forecast To 2028 (US$ Million) 51

Figure 25.        Specialty Stores: Vegan Pet Food Market – Revenue and Forecast To 2028 (US$ Million) 52

Figure 26.        Online Retail: Vegan Pet Food Market – Revenue and Forecast To 2028 (US$ Million) 53

Figure 27.        Others: Vegan Pet Food Market – Revenue and Forecast To 2028 (US$ Million) 54

Figure 28.        Global Vegan Pet Food Market Revenue Share, By Region (2020 and 2028) 55

Figure 29.        North America: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 56

Figure 30.        North America: Vegan Pet Food Market Revenue Share, by Product Type (2020 and 2028) 56

Figure 31.        North America: Vegan Pet Food Market Revenue Share, by Pet Type (2020 and 2028) 57

Figure 32.        North America: Vegan Pet Food Market Revenue Share, by Distribution Channel (2020 and 2028) 58

Figure 33.        North America: Vegan Pet Food Market Revenue Share, by Key Country (2020 and 2028) 59

Figure 34.        US: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 59

Figure 35.        Canada: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 61

Figure 36.        Mexico: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 63

Figure 37.        Europe: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 65

Figure 38.        Europe: Vegan Pet Food Market Revenue Share, by Product Type (2020 and 2028) 66

Figure 39.        Europe: Vegan Pet Food Market Revenue Share, by Pet Type (2020 and 2028) 66

Figure 40.        Europe: Vegan Pet Food Market Revenue Share, by Distribution Channel (2020 and 2028) 67

Figure 41.        Europe: Vegan Pet Food Market `Revenue Share, by Key Country (2020 and 2028) 68

Figure 42.        Germany: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 68

Figure 43.        France: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 70

Figure 44.        Italy: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 71

Figure 45.        UK: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 73

Figure 46.        Russia: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 75

Figure 47.        Rest of Europe: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 76

Figure 48.        Asia-Pacific: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 79

Figure 49.        Asia-Pacific: Vegan Pet Food Market Revenue Share, by Product Type (2020 and 2028) 80

Figure 50.        Asia-Pacific: Vegan Pet Food Market Revenue Share, by Pet Type (2020 and 2028) 80

Figure 51.        Asia-Pacific: Vegan Pet Food Market Revenue Share, by Distribution Channel (2020 and 2028) 81

Figure 52.        Asia- Pacific: Vegan Pet Food Market Revenue Share, by Key Country (2020 and 2028) 82

Figure 53.        Australia: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 82

Figure 54.        China: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 84

Figure 55.        India: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 86

Figure 56.        Japan: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 88

Figure 57.        South Korea: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 89

Figure 58.        Rest of Asia-Pacific: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 91

Figure 59.        Middle East and Africa: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 94

Figure 60.        Middle East and Africa: Vegan Pet Food Market Revenue Share, by Product Type (2020 and 2028) 95

Figure 61.        Middle East and Africa: Vegan Pet Food Market Revenue Share, by Pet Type (2020 and 2028) 95

Figure 62.        Middle East and Africa: Vegan Pet Food Market Revenue Share, by Distribution Channel (2020 and 2028) 96

Figure 63.        Middle East and Africa: Vegan Pet Food Market Revenue Share, by Key Country (2020 and 2028) 97

Figure 64.        South Africa: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 97

Figure 65.        Saudi Arabia: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 99

Figure 66.        UAE: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 100

Figure 67.        Rest of the Middle East and Africa: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 102

Figure 68.        South and Central America: Vegan Pet Food Market – Revenue and Forecast to 2028 (US$ Million) 105

Figure 69.        South and Central America: Vegan Pet Food Market Revenue Share, by Product Type (2020 and 2028) 106

Figure 70.        South and Central America: Vegan Pet Food Market Revenue Share, by Pet Type (2020 and 2028) 107

Figure 71.        Middle East and Africa: Vegan Pet Food Market Revenue Share, by Distribution Channel (2020 and 2028) 107

Figure 72.        South and Central America: Vegan Pet Food Market Revenue Share, by Key Country (2020 and 2028) 108

Figure 73.        Brazil: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 109

Figure 74.        Argentina: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 110

Figure 75.        Rest of South and Central America: Vegan Pet Food Market –Revenue and Forecast to 2028 (US$ Million) 112

Figure 76.        Impact of COVID-19 Pandemic on Vegan Pet Food Market in North America. 116

Figure 77.        Impact of COVID-19 Pandemic on Vegan Pet Food Market in Europe. 117

Figure 78.        Impact of COVID-19 Pandemic on Vegan Pet Food Market in Asia-Pacific. 118

Figure 79.        Impact of COVID-19 Pandemic on Vegan Pet Food Market in the Middle East & Africa. 119

Figure 80.        Impact of COVID-19 Pandemic on Vegan Pet Food Market in South and Central America. 120

The List of Companies - Global Vegan Pet Foods Market

  1. Antos B.V.
  2. Benevo
  3. Bond Pet Foods, Inc.
  4. V-dog
  5. Soopa Pets
  6. Vegan4dogs
  7. Wild Earth
  8. YARRAH
  9. Isoropimene Zootrofe Georgios Tsappis Ltd.
  10. Halo Pets

 

  • Highlights key business priorities to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global vegan pet food market, thereby allowing players to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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Frequently Asked Questions

The major players operating in the global vegan pet 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 amongst many others.

In 2020, the vegan pet food market was predominant by Europe at the global level. Easy availability and accessibility to vegan pet food coupled with increase in disposable income has led to an increase in demand for premium pet food products, driving the growth of the European vegan pet food market. According to the European Pet Food Industry in 2020, approximately 85 million households that have at least one pet animal as well as 25% of the households have cat as a pet animal and 24% of the households have dog as a pet. Thus, the factors such as increasing pet ownership, increase in spending on premium pet food products, more awareness about vegan food etc. are providing growth opportunities for the vegan pet food market in coming years.

Among the three segments of product type, dry food segment has led the market in 2020. Dry foods are low in moisture content and are available in various forms such as pellets, kibbles, flaked cereals, and others. Vegan dry pet foods contain plant-based ingredients such as corn, rice, soybean, oats, chickpea, sunflower seed meals, pea protein, hydrolysed vegetable meal, flaxseed meal, etc. Dry pet foods ensure the teeth health of dogs and cats by reducing the plaque build-up. Owing to its low moisture content, dry food can be stored without refrigeration unlike canned foods which are prone to decay. Thus, the adoption of dry vegan pet food is comparatively higher which in turn is boosting the growth of the segment.

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