Global Pet Supplements Market

Pet Supplements Market Size, Share, Growth Analysis, By Product(Vitamins & Minerals, Omega Fatty Acids), By Pet(Dogs, Cats), By Application(Joint Health, Skin & Coat Care) - Industry Forecast 2024-2031


Report ID: SQMIG30A2016 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 101 | Figures: 76

Pet Supplements Market Insights

Global Pet Supplements Market size was valued at USD 2.02 billion in 2022 and is poised to grow from USD 2.1 billion in 2023 to USD 3.3 billion by 2031, growing at a CAGR of 5.52% in the forecast period (2024-2031).

In current years, the worldwide pet supplements marketplace has been converting purchaser alternatives and needs via means of growing recognition amongst puppy proprietors approximately the fitness and health of their pets.

There is a developing call for merchandise that can contribute to the general fitness and toughness of pets, as many humans remember their pets as quintessential contributors to their families.

Additionally, the upward thrust in puppy ownership, and existence turning into busier, is the most important pressure in the back of the boom of the puppy dietary supplements marketplace.

Pet proprietors are increasingly looking for handy and powerful methods to make certain the fitness and power in their pets. This has caused a surge withinside the call for puppy dietary supplements that deal with diverse fitness concerns, which include joint fitness, pores and skin and coat care, digestive fitness, and universal immunity.

The regulatory panorama for puppy dietary supplements varies throughout regions, and compliance with pleasant requirements is essential for marketplace players. As clients end up extra discerning, there may be a growing emphasis on transparency, pleasant assurance, and herbal elements in puppy dietary supplements.

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Pet Supplements Market size was valued at USD 2.02 billion in 2022 and is poised to grow from USD 2.1 billion in 2023 to USD 3.3 billion by 2031, growing at a CAGR of 5.52% in the forecast period (2024-2031).

The competitive environment of the Pet Supplements market is dynamic and shaped by the presence of key players striving for market share and innovation. Leading companies in this sector are consistently engaged in product development, strategic partnerships, and mergers and acquisitions to strengthen their foothold in the market. Established brands often focus on expanding their product portfolios to offer a diverse range of supplements catering to different pet health needs. The competitive dynamics also involve an emphasis on marketing strategies to enhance brand visibility and consumer awareness. Additionally, collaborations with veterinarians and pet care professionals contribute to the credibility of products, fostering consumer trust. 'Nestlé Purina Petcare', 'VetriScience Laboratories', 'Ark Naturals', 'NOW Foods', 'Virbac', 'Kemin Industries', 'Novotech Nutraceuticals', 'Zoetis', 'Bayer', 'PetHonesty', 'Nutramax Laboratories', 'Zesty Paws', 'FoodScience', 'Comfort Click', 'Arrowleaf Naturals', 'Four Paws', 'Thorne Vet', 'Dorwest Herbs', 'Pethonesty', 'Mars Petcare'

Pets are­ now part of many families. Changes in our ways of living and a bette­r understanding of pets' nee­ds help this grow. More people­ owning pets makes a bigger ne­ed for pets' health supple­ments. When pets are­ seen as family, owners want to make­ sure they're he­althy. They buy top-quality supplements to he­lp with specific health issues. The­ growth of online shopping has also helped. It has made­ it easy for pet owners to buy diffe­rent types of suppleme­nts. This boosts the supplement marke­t.

The increasing demand for natural and organic ingredients in pet supplements, mirroring the broader consumer preference for clean and healthy products. Pet owners are increasingly seeking supplements with transparent ingredient lists, free from artificial additives. Another significant trend is the surge in the popularity of personalized and breed-specific supplements, driven by a growing understanding of the unique health needs of different pet breeds. This trend reflects a shift from one-size-fits-all supplements to targeted and customized solutions. Additionally, the rise of functional ingredients such as hemp-derived CBD in pet supplements is gaining traction, with pet owners exploring holistic approaches to address issues like anxiety, pain, and inflammation in their animals.

North America is pre­dicted to lead the marke­t for pet supplements. This is due­ to the region's notable spe­nding power and understanding of pet health, which clearly indicate its leade­rship. A strong market is supported by the common vie­w that pets are cherishe­d family members, coupled with an advance­d pet care industry. Moreove­r, the region's strong economy, high rate­ of pet ownership, and proactive vie­w on pet health all play key role­s in maintaining its strong presence.

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Global Pet Supplements Market

Product ID: SQMIG30A2016

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