Report : North America Vegan Pet Food Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Dry Food, Wet Food, and Others), Pet Type (Dogs and Cats), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Dry Food segment to Dominate the North America Vegan Pet Food Market during 2021–2028
According to a new market research study on “North America Vegan Pet Food Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Pet Type, and Distribution Channel,” the market is expected to reach US$ 6,485.86 million by 2028 from US$ 3,845.64 million in 2021. The market is estimated to grow at a CAGR of 7.8% from 2021 to 2028. The report provides trends prevailing in the North America vegan pet food market along with the drivers and restraints pertaining to the market growth. Growing number of pet owners, fostering humanize approach towards pets, and raising pet food fortification are the major factor driving the growth of the vegan pet food market. However, nutrient inadequacy related to vegan pet food hinder the growth of vegan pet food market.
The US in North America has the highest number of confirmed cases of COVID-19 among all key countries. This is likely to impact the overall animal feed industry in the region, including vegan pet food. The North American region is a significant contributor to the vegan pet food market. Owing to the rise in COVID-19 cases, various trade shows and conferences—which are a medium to share information related to pet health, product innovations, and trends in relevant markets; and help the companies to realign their strategies—have been postponed or canceled. Cancellations of these events have impacted the growth of the vegan pet food market indirectly.
North America vegan pet food market is segmented based on product type, pet type, and distribution channel. The North America vegan pet food market, based on product type, is segmented into dry food, wet food, pet treats, and others. Dry food segment accounted for the highest share in the market in 2020. 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.; V-dogs; Bond Pet Foods, Inc.; Wild Earth; Yarrah; and Halo Pets are among some of the leading companies in the North America 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.
North America Vegan Pet Food Market, By Country, 2020 and 2028(%)
The report segments the North America Vegan Pet Food Market as follows:
North America Vegan Pet Food Market – By Product Type
- Dry Food
- Wet Food
- Pet Treats
- Others
North America Vegan Pet Food Market – By Pet Type
- Dogs
- Cats
North America Vegan Pet Food Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
North America Vegan Pet Food Market – By Country
- US
- Canada
- Mexico