LONDON, Dec. 22, 2022 (GLOBE NEWSWIRE) -- "Vegan Dog Food Market" is the title of a new report from Data Bridge Market Research. Key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive environment are all dissected in detail in the research. A Vegan Dog Food market research report has been generated with the systematic gathering and evaluation of market information for the Vegan Dog Food industry which is presented in a form that explains various facts and figures to the business. This market research report contains a thorough analysis of the market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. It lends a hand to companies to take decisive actions to deal with threats in niche markets. A brilliant team of analysts, experts, statisticians, forecasters, and economists has worked rigorously to generate this advanced and all-inclusive Vegan Dog Food market research report.
Data Bridge Market Research analyses that the vegan dog food market was valued at a USD 12.27 billion in 2021 is expected to reach the value of USD 31.48 billion by 2029, at a CAGR of 12.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
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Market Overview:
Vegan dog foods are those that are made without any animal components or by-products. Vegan dog food can include fruits, grains, cereals, legumes, nuts, vegetable oils, soya, and some other non-animal foods.
Manufacturers and suppliers of pet food products must optimise their product offerings to meet consumer demand as consumer preference for pet food flavours has increased over the last five years. Dog food is a high-growth segment in the overall food ingredients market, and consumer preference for vegan dog food, combined with manufacturers' willingness to capitalise on the opportunity in this niche business, translated into increased demand for vegan dog food around the world.
Opportunity
The demand for pet food increases as the number of pets increases. The pet food flavour market is closely related to the expanding pet food market. The market has a wide variety of vegan dog food. In addition, many businesses are emphasising the addition of new and more appealing flavours to their products. In order to increase their market presence, many companies are focusing on developing new pet food flavours. Demand for pet food flavour is rapidly increasing in the pet food flavours market, owing to increased disposable income and the growCOVID-19 Impact on Vegan Dog Food Marketing trend of pet ownership.
The Global Market Is Analyzed in Depth in the Latest Study. Taking into account the current level of competition and its projected evolution over the next few years.
Rapidly increasing demands, a rise in industrialization, consumer awareness, growing sectors, and technical improvements are fueling the expansion of the global Vegan Dog Food market. Sales and revenue in this sector have increased at an exponential rate. The market's size and growth are both expected to increase thanks to the factors driving the market's expansion over the projected period.
Leading businesses in the worldwide Vegan Dog Food market are investing heavily in R&D in order to build a larger client base and expand their share of the market by reintroducing improved products to consumers. All of the companies' strategy, as well as their financial health, revenue, gross margin, and growth rate, are detailed in the study.
The Vegan Dog Food Market is Dominated by Firms Such as
- Hill's Pet Nutrition, Inc (U.S.)
- The J.M. Smucker Company (U.S.)
- Schell & Kampeter, Inc. (U.S.)
- Heristo Aktiengesellschaft (Germany)
- Simmon Foods, Inc. (U.S.)
- Wellness Pet Company (U.S.)
- The Farmers Dog, Inc. (U.S.)
- JustFoodForDogs (U.S.)
- Ollie Pets Inc. (U.S.)
- Farmina Pet Foods (Netherlands)
- NomNomNow, Inc. (U.S.)
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Recent Development
- Nulo, Inc., a leading manufacturer and distributor of pet food products such as super premium pet food and treats, announced in June 2020 the launch of a new line of flavor-infused water supplements that can improve dogs' diets and maximise hydration.
- Four new flavours have been introduced by the company: pork tenderloin, rotisserie chicken, beef brisket, and roasted lamb. These water supplements also contain natural flavouring agents, vitamin B12, branched-chain amino acids (BCAAs), sodium, and potassium.
- In May 2020, West Paw, Inc., a leading U.S.-based pet food brand that manufactures eco-friendly dog products, announced the launch of a new portfolio of dog treats with two innovative flavours: peanut butter with banana and beef liver with liver with pumpkin.
Key Market Segments Covered in Vegan Dog Food Industry Research
Nature
- Organic
- Conventional
Product
- Wet Food
- Dry Food
- Treats and Chews
Type
- Dark
- Leafy Greens (Spinach)
- Lentils
- Rice
- Broccoli
- Carrots
- Quinoa
- Beans
Sales channel
- Modern Trade
- Pet Food Stores
- Veterinary Clinics
- Online Retailing
- Other Retailing Formats
Key Industry Drivers:
- Rising trend of pet humanization around the world.
As more pet owners want to provide human-like products or experiences for their pets, the term "pet humanization" is becoming a globally accepted term in the pet industry. Pet owners consider their pets to be family members, so they demand nutritional benefits, high ingredient quality, improved digestibility, and animal safety in their pet food. This trend is increasing demand for high-quality, nutritionally dense pet food. The humanization of pets has raised public awareness of the importance of eating healthy. It has enabled pet owners to spend more on high-quality pet food products, as evidenced by a recent increase in pet-related spending.
- Growing trend of veganism and constant research and development activities
Veganism is not only gaining traction in the human food industry; it is also gaining traction in the pet care and pet food industries. A growing number of pet parents are becoming vegan because they believe vegan food products are more nutritious than conventional counterparts, and they are making the same decision when purchasing dog food. Leading players in the dog food flavouring market are heavily investing in research and development to increase the use of vegan ingredients in their products while ensuring that these ingredients have the same nutritional properties as meat-based variants.
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Vegan Dog Food Market Regional Analysis/Insights:
The countries covered in the vegan dog food market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
South America dominates the vegan dog food market due to the rising share of Brazil and Argentina as market leaders in the availability of pet food, rising pet adoption, and increasing trends of pet humanization, as well as an increase in the number of development activities in the region, whereas Asia-Pacific is expected to grow in the vegan dog food market from 2022 to 2029 due to rising demand for premium quality pet food products in the region.
It's in your best interest to take this report into consideration because:
- Strong and extensive research methods were used to construct this study. The thoroughness and precision of the market reports produced by Data Bridge Market Research have earned them a great reputation.
- A complete picture of the competitive scenario of Vegan Dog Food market is depicted by this report.
- The wide range of research on how these innovations may affect market expansion in the future.
- The report's findings are presented in an approachable format, with accompanying visuals (such as histograms, bar graphs, pie charts, etc.) that make the data readily digestible.
- The potential, threats, and difficulties in the Vegan Dog Food market, as well as the factors driving and restraining it, are discussed at length.
- It gives an all-encompassing evaluation of the anticipated conduct of the future market and the changing market condition.
- This study provides a number of strategic business approaches to assist you in making educated business decisions.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Vegan Dog Food Market: Regulations
- Market Overview
- Global Vegan Dog Food Market, By Nature
- Global Vegan Dog Food Market, By Product
- Global Vegan Dog Food Market, By Type
- Global Vegan Dog Food Market, By Sales channel
- Global Vegan Dog Food Market, By Region
- Global Vegan Dog Food Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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