North America 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 North America Vegan Pet Food Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
Vegan pet food is made using plant-based and natural components rather than animal-derived raw materials, ensuring that no animals are harmed or exploited in any way. Human food trends such as veganism, clean labeling, alternative proteins, and healthier ingredients have an impact on pet food trends. Pet owners have the desire that their pet follows the same diet as them.
Vegan pet food includes corn, rice, soybeans, oats, and flaxseeds, among other plant-based components. The food is made without the use of animal-derived raw ingredients, ensuring that no animals are harmed or abused in the manufacturing process. Pet owners are getting increasingly worried about their animals' well-being. One of the main reasons for their increased expenditure on vegan pet food is because of this.
The development of sales channels is projected to be a major element in the future growth of the vegan pet food market. One of the fastest expanding divisions of the market is the internet-based e-commerce platform.
There is a significant consumer trend towards veganism. As the ill effects of excessive meat-eating on the environment are being acknowledged by people, they are turning towards veganism for a more environment-friendly lifestyle. Another reason why people in the North American region are increasingly turning to veganism is their concern for animal welfare. People in these developed countries believe that animals should not suffer because of humans. Objection towards the animal husbandry industry’s abuse of animals is another reason why veganism is gaining traction in the US and Canada. Veganism as a lifestyle is growing at a faster pace every year in these countries. This reflects a growing consumer preference for plant-based products, sometimes known as vegan products, and is projected to continue in the future.
The US market dominated the North America Vegan Pet Food Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,930.9 million by 2028. The Canada market is estimated to grow at a CAGR of 7.6% during (2022 - 2028). Additionally, The Mexico market would experience a CAGR of 6.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Vegan Pet Food Market is Estimated 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
- Rest of North America
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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