Europe Vegan Pet Food Market to Grow at a CAGR of 7.4% to reach US$ 6,851.32 Mn Million from 2021 to 2028

The vegan pet food market in Europe is projected 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.

Owing to the higher disposable income of pet owners in the region, they are willing to spend money and resources on their pets. People pay more for pet nutrition every year so that their pet can consume the best quality food prepared with the most apt and nutritious ingredients. The growth of veganism has picked up pace in recent years, which drives the pet food sector. Natural and specialty pet products are continuously on demand as consumers extend their personal preferences for wellness and nutrition into the product choices for their pets. Therefore, the number of new pet owners is rising, and they tend to thoroughly research the ingredients of the pet food they purchase. Additionally, countries such as UK and Germany are highly developed therefore, vegan pet food manufacturers target these markets for expansion. The changing pattern of human food habits is implanted with the food offered to pets. With an increasing number of vegan pet owners, the adoption of vegan diet for pets is also rising. Therefore, Europe is expected to create lucrative opportunities for the national and international market players to invest in the vegan pet market in the region during the forecast period.

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.

With the new features and technologies, companies can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the vegan pet food market. The Europe vegan pet food market is expected to grow at a good CAGR during the forecast period.

Europe Vegan Pet Food Market Segmentation

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

Europe Vegan Pet Food Market – Companies Mentioned

• Halo Pets                                                                                                
• YARRAH                                                                                                  
• Antos B.V.                                                                                                
• V-dogs                                                                                                     
• Benevo   
• Soopa Pets                                                                                          
• Vegan4dogs                                                                                                                                                                                                                               

Europe Vegan Pet Food Report Scope