LAMEA 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 Latin America, Middle East and Africa Vegan Pet Food Market would witness market growth of 9.0% CAGR during the forecast period (2022-2028).
The rising demand for organic and high-quality ingredient-rich food, soaring pet expenditures, increasing vegan food consumption causing the reduction in allergies, skin issues, improved bad breath, and maintenance of weight and adoption of board-certified food products are some of the critical and impactful factors that will likely augment the growth of the vegan dog food market in the forecast years. On the other hand, increasing technical advancements to improve product development, as well as rising pet food spending in emerging economies, would further contribute by producing vast possibilities that will lead to the expansion of the vegan dog food market in the forecast period.
Brazil is the world's second-largest pet food market, after the United States. Brazil is a very promising country in the regional pet food industry due to high pet ownership, a growing focus on pet health, and significant spending on natural, high-quality pet animal feeds. Furthermore, Brazil has the world's most diverse pet population as small families, childless couples, and apartment dwellers prefer birds and fish to dogs and cats as pets.
Moreover, numerous major market players are establishing themselves in the region in order to capitalize on the industry's potential. These companies are also expected to introduce cost-effective and innovative items to meet the market's unmet demand. In addition, initiatives such as appealing packaging would aid enterprises in gaining market dominance in this region. As a result, during the projection period, these variables will provide profitable growth prospects for the market
The Brazil market dominated the LAMEA Vegan Pet Food Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $267 million by 2028. The Argentina market is poised to grow at a CAGR of 9.6% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 8.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Vegan Pet Food Market is Predict to reach $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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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