Pet Supplement Market Size, Growth, Pet Type, Distribution Channel, Source, Application, Geographical Analysis and Revenue Forecast by 2022-2027

Pet Supplement Market Size, Growth, Pet Type, Distribution Channel, Source, Application, Geographical Analysis and Revenue Forecast by 2022-2027
Global Pet Supplement Market Report
The global pet supplement market is primarily driven by the rising awareness among pet owners about the health benefits of pet supplements.

According to the latest report by IMARC Group, titled “Pet Supplement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global pet supplement market size reached US$ 1.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.6 Billion by 2027, exhibiting a growth rate (CAGR) of 6.3% during 2022-2027.This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Global Pet Supplement Market Overview: 

Pet supplements are processed food that contains concentrated sources of nutrients to compensate for protein, vitamin, or mineral deficiencies in pets, including dogs, freshwater fishes, cats, reptiles, birds, and horses. These elements are mixed with meats, carbohydrates, and fat components to provide a whole meal for pets and improve their health. They are backed with prebiotics, antioxidants, probiotics, essential fatty acids, vitamins, dietary fiber, and minerals. They also contain omega-3 fats, biotin, methionine, zinc, thiamine, L-tryptophan, valerian, magnesium, and chamomile. Regular consumption of pet supplements helps enhance the immune system, reduce allergy symptoms, maintain a healthy response, and prevent diarrhea among pets.

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Pet Supplement Market Growth and Trends 2022:

The global market is primarily driven by the rising awareness among pet owners about the health benefits of pet supplements. In line with this, the emerging nuclear family trend and increasing consumer expenditure power have surged pet adoptions, which is acting as another factor accelerating the market growth. Apart from this, the growing demand for organic pet supplements and surging concerns regarding the quality and safety of the product are providing an impetus to market growth. In line with this, key market players are heavily investing in research and development (R&D) activities to perform well-controlled clinical trials to determine the safety and effectiveness of the supplements, which is bolstering the market growth.

The top competitors in the Pet Supplement Market, as highlighted in the report, are:

  • Ark Naturals Company
  • Elanco Animal Health Incorporated (NYSE: ELAN)
  • Boehringer Ingelheim International GmbH
  • FoodScience Corporation (OTCMKTS: CULTF)
  • Kemin Industries Inc.
  • Nestlé S.A. (OTCMKTS: NSRGY)
  • Novotech Nutraceuticals Inc.
  • NOW Foods (NYSE: DNOW)
  • Nutramax Laboratories Inc.
  • VetriScience Laboratories
  • Virbac (EPA: VIRP)
  • Zoetis Inc. (NYSE: ZTS)

Market Segmentation of the Pet Supplement Market:

The report has segmented the pet supplement market on the basis of pet type, distribution channel, source and application and region.

Breakup by Pet Type:

  • Dogs
  • Cats
  • Others

Breakup by Distribution Channel:

  • Online
  • Offline

Breakup by Source:

  • Organic
  • Conventional

Breakup by Application:

  • Multivitamins
  • Skin and Coat
  • Hip and Joint
  • Prebiotics and Probiotics
  • Calming
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Explore Report Description with TOC & List of Figure:

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. 

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