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The global pet supplement market attained a value of nearly USD 617.43 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR 7.5% to reach about USD 1,183.71 million by 2032.
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The pet supplement industry is primarily driven by the increasing spending on pet care across the globe, and the overall growth in pet adoption. The market has further been positively influenced by the penetration of social media platforms, in developing countries, which promote the enhanced well-being of the pet owner. Further, rising disposable incomes, coupled with the increasing willingness of pet owners to spend more money on their pets’ food, is also catalysing the market growth of pet supplement. In addition to this, key players in the industry are constantly incorporating new methods or technologies to enhance their output as well as the quality of the pet supplements, thereby offering solutions that are more effective, better tasting, durable, and cure many health issues of pets. This is expected to facilitate the market growth over the forecast period.
Pet supplements generally refer to complementary pet food products made from plants or/and animal raw materials containing concentrated sources of nutrients to compensate for vitamin, protein, or mineral deficiencies, and it offers additional nutrients or functional ingredients. These pet supplements make for a vast range of snacks and treats for pets. It provides essential nutrients and promotes the overall well-being of pets, including dogs, cats, birds, reptiles, and others.
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The market can be broadly categorised on the basis of pets:
The major types of pet supplements are:
On the basis of source, the market is segmented into:
By distribution channel, the market is categorised into:
The EMR report looks into regional markets of pet supplement like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The pet supplement industry is being driven by the rising trend towards pet humanisation. Many pet owners are actively seeking to purchase high-quality, premium products for their pets. Further, the COVID-19 induced lockdowns further promoted the adoption of pets, since people felt isolated due to social distancing and during lockdowns. This rising adoption of pets influenced the demand for pet supplements positively, further promoting the market growth. Moreover, the increasing endorsements of veterinary supplements for the preservation of overall pet wellbeing are also boosting the pet supplement industry.
Furthermore, the trend of petting reptiles such as anole, leopard gecko, bearded dragon, tortoise, and turtle has increased substantially, due to their advantages like no shedding of fur, low maintenance, and no need for training. This has also propelled the market growth. The common belief among millennials, who make up the majority of pet owners, is that pets should be treated like little children, which has resulted in the rising demand for dietary supplements. Additionally, herbs and superfoods are being included in pet supplements, which is expected to help the market growth over the forecast period. Further, increasing consumer awareness regarding pet supplements and rising preference for organic pet food is also boosting the growth of the pet supplement industry.
The report presents a detailed analysis of the following key players in the global pet supplement market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Pet |
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Breakup by Type |
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Breakup by Source |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of approximately USD 617.43 million in 2023.
The market is projected to grow at a CAGR of 7.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1,183.71 million by 2032.
The market is primarily being driven by the increasing spending on pet care across the globe and the growth in pet adoption.
The key trends in the market include the rising endorsements of pet supplements by veterinaries, increasing interest in pet nutrition and health, and growing promotions of various pet supplements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant pets in the market are dog, cat, and freshwater fish, among others.
The various types of pet supplements in the market are multi-vitamins, skin and coat, hip and joint, prebiotics and probiotics, and calming, among others.
The major sources of pet supplements are organic and conventional.
The significant distribution channels in the market are offline and online.
The key players in the global pet supplement market are Ark Naturals Company, Nutramax Laboratories, Inc., Kemin Industries, Inc., Nestle S.A, and Virbac, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
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+91-858-608-1494
Philippines
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+63 287899028, +63 967 048 3306
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+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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