Europe 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 Europe Vegan Pet Food Market would witness market growth of 5.3% CAGR during the forecast period (2022-2028).
Many retailers now have their own web-based retail storefronts where clients can learn more about the company and its items. The availability of a variety of product alternatives and price comparisons on internet platforms has also contributed to an increase in online purchasing. This is advantageous to market players since it minimizes the need for physical shops or stores, and it also allows buyers to read reviews left by other users and compare different retailers, products, and prices offered by different sellers for vegan pet food.
Furthermore, according to World Bank data, North America led with roughly 88.4 percent of the population of internet users in 2019, followed by Europe and Central Asia with around 83.9 percent of internet users. Amazon.com and Flipkart.com are two popular online merchants in the vegan pet food sector. Apart from sales channels, product availability is increasing in convenience stores and local shops in small towns, boosting the market growth.
High expenditure on sustainable and safe pet animal food boosts the European market's development rate due to humanization trends. Furthermore, pet owners in Europe want more transparency about the ingredients in pet animal food. Following the United Kingdom, Germany, and France, the United Kingdom is Europe's largest pet animal food market. According to the Mars Petcare State of the Pet Nation poll, 72 percent of UK pet owners consider themselves to be pet parents.
In addition, pet owners in the United Kingdom tend to buy high-quality, natural pet food, which contributes to the high use of pet food. The region is home to prosperous countries such as the United Kingdom, France, and others, where citizens have a high spending.
The Germany market dominated the Europe Vegan Pet Food Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $921.4 million by 2028. The UK market is anticipated to grow at a CAGR of 4.4% during (2022 - 2028). Additionally, The France market would display a CAGR of 6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Vegan Pet Food Market Size will Hit $14.1 Billion by 2028, at a CAGR of 5.7%
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
- Rest of Europe
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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