Vegan Dog Food Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

According to a new report by Future Market Insights (FMI), the market is set to rise at a CAGR of 6.9% through the end of the forecast period in 2031 with a valuation of over US$ 12.22 Bn. 

The increasing focus on the health of dogs has augmented the market demand for vegan dog food.

Dog owners are looking for food products with higher nutritional value. The growing awareness regarding healthy dog food is propelling the demand of vegan dog food in the market. These aspects are encouraging product launches, subsequently driving overall growth.

• In May 2020, Bond Pet Foods, Inc., has introduced its first consumer product – animal-free, a high-protein dog treat bar. The company is headquartered in the U.S. and work with biotechnology to produce the convenient Protein-Packed treat bar for dogs that has been accepted by veterinary nutritionists for high palatability and digestibility.

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2016-2020 Vegan Dog Food Market Analysis Compared to Demand Outlook for 2021-2031During 2016-2020, the vegan dog food market grew at a CAGR of 4.6%, and the market is predicted to continue to grow at a CAGR of 6.9% during the forecast period of 2021-31.

Since the previous decade, human diet with less or no animal meat have grown in popularity. Dog owners around the world have reportedly developed a higher sense of empathy, as they are rendered more conscientious thanks to greater access to information on animal health and wellbeing.

Consequently, an increasing number of dog owners are focusing on feeding their animals’ nutritious meals. Plant-based and vegetarian diets have recently been introduced into the pet food industry, offering a potential solution to the moral dilemma faced by vegans and vegetarians who live with carnivorous and omnivorous dogs.

Dog owners nowadays are well-informed about the pet food they purchase and the nutritional benefits it offers. In recent years, nutrition has become increasingly essential, and sales of goods that fail to fulfill customer expectations in this area are frequently harmed. Pet owners have become increasingly conscious about their pet’s health. This is one of the key reasons behind their increasing expenditure on vegan dog food products. Customers are focusing on more precise dog food that has caused an upsurge in the global production of vegan dog foods.

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Key Takeaways from the Vegan Dog Food Market Study

• In terms of nature, conventional vegan dog food is most preferred and will hold a dominant share of more than 81.2% in 2021. It is expected to grow at a CAGR of 6.0% over the forecast period.
• Kibbles or dry vegan dog food will hold the maximum share of 24.3% in 2021 exhibiting a CAGR of 5.8% in the forecast period.
• Puppies are dominating the global vegan dog food industry in terms of age group with the market share of 53.6% in 2021.
• Among the sales channel, store based retailing is the most preferred and holds a dominant share of more than 86.4% in 2021 and is expected to grow at a CAGR of 6.1% over the forecast period.
• Bags will hold the maximum share of 36.8% in 2021. The use of stand-up bags in the pet food packaging business is the newest trend.

Who is winning?To meet the rising demand from customers, manufacturers are investing extensively to refresh their stocks with vegan dog food products. For instance:

• In May 2020, Nestlé Purina PetCare, has announced about the series of investments (CHF 100 million) in plants, such as plant-based pet food products, this will further build up the company’s footprint in the Chinese market.

• In November 2019, Nestlé Purina PetCare authoritatively opened its 21st U.S.-based pet care product production unit in the Hartwell. Purina will manufacture its wet pet food brands, including Purina ONE, Pro Plan, and Fancy Feast at its new plant (Hartwell) and mainly serve the south-eastern pet food market.

Some of the key players in vegan dog food market are Mars Incorporated, Hill’s Pet Nutrition, Lafeber Co., Fromm Family Foods LLC., Dave’s Pet Food, Boulder Dog Food Company, L.L.C., Champion Petfoods, Nutro Products Inc., Evanger’s Dog & Dog Food Company, Inc.

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