Pet Dietary Supplements Market Growth, Trends, Size, Revenue, Demand, Share and Future Outlook
Pet Dietary Supplements Market Size- By Product Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: FOOD2393 | Pages: 1 - 215 | Formats*: |
| Category : Food & Beverages | |||
Pet Dietary Supplements Market Introduction and Overview
According to SPER Market Research, the Global Pet Dietary Supplements Market is estimated to reach USD 8.38 billion by 2033 with a CAGR of 7.51%.
The report includes an in-depth analysis of the Global Pet Dietary Supplements market, including market size and trends, product mix, distribution channels, and supplier analysis. Pet supplements are any items added to a pet's regular diet. These supplements contain ingredients that are intended to improve pet health. Vitamins and minerals are concentrated in supplements. These ingredients offer a variety of nutritional and therapeutic benefits to pets. Supplements include vitamins, minerals, amino acids, herbs, botanicals, and enzymes, to name a few.
- Mars Petcare joined the pet dietary supplement market with the introduction of Pedigree Multivitamins. The new soft chews are intended to address three essential pet needs: immunity, digestion, and joint care. Each supplement is formulated with 100% natural chicken, at least eight vitamins, and active substances that provide distinct benefits.
- Virbac introduced VETERINARY HPM Spay & Neuter Diets in the United States. Veterinary HPM Pet Nutrition is a one-of-a-kind nutritional line intended to meet the needs of spayed and neutered pets for the remainder of their lives. Veterinary HPM Pet Nutrition is available in six formulas that have been developed to meet the nutritional needs of various species, ages, and sizes.
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Market Opportunities and Challenges
Opportunities: Changes in cultural and economical situations contribute to an increase in pet humanization. The rise in disposable money is also fueling the market for pet health supplements. Pet owners consider their animals to be family members or even substitutes for children. They treat pets with the same care and attention that they do humans. Such developments are supporting an increase in spending on pet dietary supplements. Furthermore, The increased awareness of pet nutrition based on age, weight, breed, and physical activity is boosting the market value of pet dietary supplements. Pet food supplements aid in the maintenance of a pet's general health and physical condition. Pet owners who humanize their pets are more inclined to seek out personalized animal health products. Humanized pets are called emotional partners. As a result, pet owners are prepared to invest on things that promote their pets' mental well-being. Supplements that assist alleviate stress, anxiety, or cognitive deterioration are particularly appealing.
Challenges: While the pet dietary supplements industry is expanding rapidly, it faces a number of challenges that may have an impact on its dynamics. The lack of comprehensive rules controlling the development and marketing of these supplements is one major difficulty. Unlike human dietary supplements, pet supplements lack defined norms, resulting in variances in product quality and efficacy. Because of this legal ambiguity, pet owners are concerned about the safety and legitimacy of the supplements they provide to their animals. Furthermore, producers face difficulties in developing universally effective supplements due to the various nutritional needs of different animal species.
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Market Competitive Landscape
The market for Global Pet Dietary Supplements is highly competitive, and the leading companies have implemented a range of tactics to secure the largest market share. Ark Naturals Virbac, Blue Buffalo Co. Ltd., GNC, Mars Incorporated, Nestle SA, Novotech Nutraceuticals Inc, NOW Foods, PetAg, Inc, Vetclassics, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Application |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Ark Naturals Virbac, Blue Buffalo Co. Ltd., GNC, Mars Incorporated, Nestle SA, Novotech Nutraceuticals Inc, NOW Foods, PetAg, Inc, Vetclassics, Others. |
COVID-19 Impact on Global Pet Dietary Supplements Market
The COVID-19 epidemic had an impact on practically every facet of daily life. As people became more isolated, the likelihood of their getting a new pet increased. Pet ownership is on the rise worldwide, particularly among millennials. The growing pet population is resulting in a wide range of pet health requirements, which is expected to drive the growth of the pet dietary supplements market.
Key Target Audience
- Pet Owners Seeking Overall Wellness
- Senior Pet Owners
- Pet Owners with Specific Health Concerns
- Performance and Working Animals
- Pet Owners with Puppies and Kittens
Our in-depth analysis of the Pet Dietary Supplements Market includes the following segments:
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| By Application: |
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Key Topics Covered in the Report
- Global Pet Dietary Supplements Market Size (FY’2023-FY’2033)
- Overview of Global Pet Dietary Supplements Market
- Segmentation of Global Pet Dietary Supplements Market By Product Type (Glucosamine, Probiotics, Multivitamins, Omega 3 fatty acids, Others)
- Segmentation of Global Pet Dietary Supplements Market By Application (Joint Health, Digestive Health, Weight Management, Skin and Coat Health, Dental Care, Others)
- Statistical Snap of Global Pet Dietary Supplements Market
- Expansion Analysis of Global Pet Dietary Supplements Market
- Problems and Obstacles in Global Pet Dietary Supplements Market
- Competitive Landscape in the Global Pet Dietary Supplements Market
- Impact of COVID-19 and Demonetization on Global Pet Dietary Supplements Market
- Details on Current Investment in Global Pet Dietary Supplements Market
- Competitive Analysis of Global Pet Dietary Supplements Market
- Prominent Players in the Global Pet Dietary Supplements Market
- SWOT Analysis of Global Pet Dietary Supplements Market
- Global Pet Dietary Supplements Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Pet Dietary Supplements Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Pet Dietary Supplements Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Pet Dietary Supplements Market
7. Global Pet Dietary Supplements Market, By Product Type (USD Million)
7.1. Global Pet Dietary Supplements Market Value Share and Forecast, By Product Type, 2023-20337.2. Glucosamine7.3. Probiotics7.4. Multivitamins7.5. Omega 3 fatty acids7.6. Others
8. Global Pet Dietary Supplements Market, By Application (USD Million)
8.1. Global Pet Dietary Supplements Market Value Share and Forecast, By Application, 2023-20338.2. Joint Health8.3. Digestive Health8.4. Weight Management8.5. Skin and Coat Health8.6. Dental Care8.7. Others
9. Global Pet Dietary Supplements Market Forecast, 2019-2033 (USD Million)
9.1. Global Pet Dietary Supplements Market Size and Market Share
10. Global Pet Dietary Supplements Market, By Product Type, 2019-2033 (USD Million)
10.1. Global Pet Dietary Supplements Market Size and Market Share By Product Type (2019-2026)10.2. Global Pet Dietary Supplements Market Size and Market Share By Product Type (2027-2033)
11. Global Pet Dietary Supplements Market, By Application, 2019-2033 (USD Million)
11.1. Global Pet Dietary Supplements Market Size and Market Share By Application (2019-2026)11.2. Global Pet Dietary Supplements Market Size and Market Share By Application (2027-2033)
12. Global Pet Dietary Supplements Market, By Region, 2019-2033 (USD Million)
12.1. Global Pet Dietary Supplements Market Size and Market Share By Region (2019-2026)12.2. Global Pet Dietary Supplements Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific
12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific
12.4. Europe12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe12.5. Middle East and Africa12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa12.6. North America12.6.1. Canada12.6.2. Mexico12.6.3. United States12.7. Latin America12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. Ark Naturals Virbac
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Blue Buffalo Co. Ltd.
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. GNC
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Mars Incorporated
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Nestle SA
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Novotech Nutraceuticals Inc
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. NOW Foods
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. PetAg, Inc,
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Vetclassics
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Pet Dietary Supplements Market is projected to reach USD 8.38 billion by 2033, growing at a CAGR of 7.51% during the forecast period.
Pet Dietary Supplements Market grew in market size from 2022. The Market is expected to reach USD 8.38 billion by 2033, at a CAGR of 7.51% during the forecast period.
Pet Dietary Supplements Market CAGR of 7.51% during the forecast period.
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Pet Dietary Supplements Market size is USD 8.38 billion from 2023 to 2033.
Pet Dietary Supplements Market Segment is covered By Product Type, By Application.
The North America is anticipated to have the highest market share in the Pet Dietary Supplements Market.
The key players in the market include Companies Covered Ark Naturals Virbac, Blue Buffalo Co. Ltd., GNC, Mars Incorporated, Nestle SA, Novotech Nutraceuticals Inc, NOW Foods, PetAg, Inc, Vetclassics, Others.
These ingredients offer a variety of nutritional and therapeutic benefits to pets. Supplements include vitamins, minerals, amino acids, herbs, botanicals, and enzymes, to name a few.
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