Asia Pacific Vegan Pet Food Market Size, Share & Industry Trends Analysis Report By Form (Conventional and Organic), By Pet Food Type, By Pet Type, By Distribution Channel, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Vegan Pet Food Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
Human diets containing little or zero animal meat have risen in popularity in recent years. Dog owners all over the world have developed a stronger feeling of empathy as a result of increased access to knowledge about animal health and well-being. As a result, a growing percentage of pet owners are emphasizing the need of providing nutritional meals for their pets. Plant-based and vegetarian diets have lately been introduced into the pet food industry, potentially resolving the moral issue that vegans and vegetarians experience when living alongside carnivorous and omnivorous dogs.
Nowadays, pet owners are well-informed about the pet food they buy and the nutritional content that it provides. Nutrition has been increasingly important in recent years, and goods that fail to meet client expectations in this area usually suffer sales losses. Pet owners are becoming more concerned about their pets' health. This is one of the primary reasons for their increased spending on vegan pet food. Customers are focusing on more customized pet food, which has resulted in an increase in global vegan pet food manufacturing.
Pet adoption is rising at an incredible rate in the Asia-Pacific region, especially in developing countries like India, China, and Vietnam in the region. China is a place where plenty of pet food production takes place. Although the majority of pet food production currently is of conventional non-vegan pet food, the infrastructure, and technical know-how are in place to make a quick shift to vegan pet food production. The demand for vegan pet food is therefore likely to increase in the near future across the region.
As a result of the dominance of western culture, pet adoption as a culture is becoming more relevant in the cities. Vegetarianism has been a popular lifestyle in India since time immemorial, however, veganism is also on the rise in the urban population of the country. This is filtering down to the eating habits of pets as well.
The China market dominated the Asia Pacific Vegan Pet Food Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,090.4 million by 2028. The Japan market is exhibiting a CAGR of 5.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.8% during (2022 - 2028).
Based on Form, the market is segmented into Conventional and Organic. Based on Pet Food Type, the market is segmented into Dry, Wet, Treats & Snacks, and Others. Based on Pet Type, the market is segmented into Dogs, Cats, and Others. Based on Distribution Channel, the market is segmented into Specialty Stores, Supermarket/Hypermarket, Online, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Colgate-Palmolive Company, Mars, Inc. (API Fish Care), Nestle S.A., United Natural Foods, Inc. (Wild Harvest), V-Dog, Inc., The Pack Pet Limited, Supreme Pet Foods Ltd., Freshpet, Inc., and Evolution Diet Pet Food Co.
Scope of the Study
Market Segments Covered in the Report:
By Pet Food Type
- Treats & Snacks
By Pet Type
By Distribution Channel
- Specialty Stores
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- The Colgate-Palmolive Company
- Mars, Inc. (API Fish Care)
- Nestle S.A.
- United Natural Foods, Inc. (Wild Harvest)
- V-Dog, Inc.
- The Pack Pet Limited
- Supreme Pet Foods Ltd.
- Freshpet, Inc.
- Evolution Diet Pet Food Co.
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