Europe Vegan Pet Food Market is expected to reach US$ 6,851.32 Mn by 2028

Dogs segment to Dominate the Europe Vegan Pet Food Market during 2021–2028

According to a new market research study on “Europe Vegan Pet Food Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Pet Type, and Distribution Channel,” is expected to reach US$ 6,851.32 million by 2028 from US$ 4,153.55 million in 2021. The market is estimated to grow at a CAGR of 7.4% from 2021 to 2028. The report provides trends prevailing in the Europe vegan pet food market along with the drivers and restraints pertaining to the market growth. Raising demand of vegan pet food, up-lifting pet food fortification, and surging humanize approach towards pets are the major factor driving the growth of the vegan pet food market. However, nutrient depletion related to vegan pet food hinder the growth of vegan pet food market.

In Europe, currently, the France and Russia, followed by UK, Italy, Spain, and Germany, are the hardest-hit countries by the COVID-19 pandemic. These countries are estimated to suffer an economic hit due to the lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partial closing of their border. The COVID-19 outbreak has also affected the supply chain of raw materials required for animal feed industry to a greater extent, which has eventually hampered the overall manufacturing processes and research and development activities, thereby impacting the vegan pet food market growth.

Europe vegan pet food market is segmented based on product type, pet type, and distribution channel. The Europe vegan pet food market based on product type is segmented into dry food, wet food, and others. Dry food segment accounted for the highest share in the market in 2020 is expected to be fastest growing during forecast period. Based on pet type, is segmented into dogs and cats. The dogs segment accounted for the highest share in 2020 and is expected to be the fastest growing during forecast period. Based on distribution channel, is segmented into supermarkets and hypermarkets, specialty stores, online retail and others. The supermarkets and hypermarkets segment accounted for the highest share in 2020 and online retail segment is expected to be the fastest growing during forecast period.                     
Antos B.V.; Benevo; V-dog; Soopa Pets; Vegan4dogs; Yarrah; and Halo Pets are among some of the leading companies in the Europe vegan pet food market. The market players focus on new product innovations and developments in order to achieve sustainable growth and to distinguish themselves among competitors present in the highly competitive vegan pet food market.

The report segments the Europe Vegan Pet Food Market as follows:

Europe Vegan Pet Food Market – By Product

• Dry Food
• Wet Food
• Others

Europe Vegan Pet Food Market – By Pet

• Dogs
• Cats

Europe Vegan Pet Food Market – By Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail
• Others

Europe Vegan Pet Food Market – By Country

• Germany
• France
• UK
• Italy
• Russia
• Rest of Europe