Pet Dietary Supplements Market

The Global Pet Dietary Supplements Market is valued at USD 2.85 Billion in 2023 and is projected to reach a value of USD 4.55 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 5.3% between 2024 and 2032.

Definition and Overview

Animal dietary supplements are feed supplements used in conjunction with animal food to improve the nutritive balance or performance of the animal food consumed.

The global Pet Dietary Supplements market is segmented based on by Type, Distribution Channel, regions, and countries. The regional segmentation provides current and forecast demand across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed on the basis of present and future trends. Rising demand for Pet Dietary Supplements in various countries such as the U.S., Germany, China, India, and Japan, among others is likely to support the growth of the market. Numerous companies are focusing on investing heavily in this application to cater the end user requirements effectively. The report provides comprehensive analysis of the market based on drivers, restraints, opportunities, trends, competition, and industry-authenticated data. The market is estimated from 2020 to 2023 with forecast from 2024 to 2032.

Market Insights

The animal vitamins that are natural and organic are becoming popular across the world and is expected to support the growth of the market during the forecast period.

The increasing spending on pet care across the globe and the growth in pet adoption is further supporting the growth of the market in the years to come. The lack of awareness regarding pet food and supplements is expected to hamper the growth of the market in the years to come.

Regional Analysis Preview

On the basis of region, the global Pet Dietary Supplements market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region held the largest share of the global Pet Dietary Supplements market in 2023. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. U.S. is one of the most profitable countries for companies operating in the market.

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Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

• Real-Time Data Updates:
• Competitor Benchmarking
• Market Trends Heatmap
• Custom Research Queries
• Market Sentiment Analysis
• Demographic and Geographic Insights

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Market Segmentation

Type Analysis: Preview

On the basis of Type, the market is segmented into Dogs, Cats, Others. Dogs held the leading share in 2023 and is anticipated to grow at a noteworthy CAGR over the forecast timespan. This is due to the increasing adoption of Dogs in emerging economies in Asia Pacific region.

Distribution Channel Analysis: Preview

Based on Distribution Channel, the market is segmented into Offline, Online. Online accounted for the highest market share and is expected to grow at a significant CAGR from 2024 to 2032.

Global Pet Dietary Supplements Market: COVID-19 Impact Analysis

The COVID-19 pandemic is affecting industries worldwide and the global economy took hit in 2020 and likely in 2023 as well. The outbreak created disruptions in industries such as semiconductor, consumer electronics, travel, and automotive, among others. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

• Impact Assessment of COVID-19 Pandemic
• Pre & Post COVID-19 Market Size
• Qualitative analysis on the short term & long term impact of COVID-19 on the market
• The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

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Competitive Landscape

The market comprises of various small, medium, and large sized players spread across all the regions. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

The key players in the global Pet Dietary Supplements market include - Virbac, Nestle Purina Pet Care, Vetri Science Laboratories, Ark Naturals, Novotech Neutraceuticals, Kemin Industries, NOW Foods, Zoetis. and among others.