DESCRIPTION
Market Intelligence Summary
According to WDO Consulting, the Global Pet Supplement Market was valued at USD XX million in 2023. It is expected to grow to USD XX million by 2030, growing at a compound annual growth rate of XX% during 2023-2030. This growth is being driven by a number of factors, including the rise in the number of pet owners worldwide, humanization of pets, increasing focus on pets’ health and well-being, and premiumization of pet food. The continuous innovation in supplement formulations has been a key driver. The industry offers a diverse array of supplements catering to different needs, including joint and mobility support, skin and coat health, digestive health, and cognitive function. Companies are developing products in various forms, including chewable tablets, soft chews, liquids, and powders, to cater to different pet preferences and make administration more convenient for owners.
There has seen an increasing emphasis on pet supplement companies collaborating with veterinarians. Veterinary recommendations and endorsements play a crucial role in building trust among pet owners and guiding them towards appropriate supplement choices based on their pets’ specific needs.
Global Pet Supplement Market Research Report Coverage (2023-2030)
Report coverage |
Details |
Base year |
2023 |
Forecast year |
2030 |
Revenue |
USD million |
By pet type (USD million) |
|
By lifestage (USD million) |
- Puppy/Kitten
- Adult
- Senior
|
By bree size (USD million) |
|
By application (USD million) |
- Hip & joint support
- Calming aids
- Antioxidants
- Organ-specific support (heart, brain)
- Immune support
|
By forms (USD million) |
- Oral supplements (capsules, tablets, liquids, or powders)
- Topical supplements (sprays, lotions, or shampoos)
- Treats (soft chews, or hard chews)
|
By distribution channels (USD million) |
- Direct-to-Consumer (DTC)
- Pet stores
- Online retailers
- Pet specialty stores
- Pharmacies and drugstores
- Veterinary clinics and hospitals
|
By geography(USD million) |
- Americas-US, Canada, Mexico, Brazil, Argentina, and Rest of Americas
- Europe-Germany, UK, France, Italy, Nordic Countries (Sweden, Norway, Denmark, Finland), and Rest of Europe
- APAC-China, Japan, India, South Korea, and Rest of APAC
- MEA-UAE, Saudi Arabia, Qatar, Rest of Middle East, and Africa
|
Market players coverage (Top 5 players market share) |
- Amazing Nutritionals
- AntelopePets
- Blue Buffalo
- Fromm Family Foods
- GARMON
- General Mills
- GNC Holdings
- Hill’s Pet Nutrition
- KALA Health
- Mars
- Merrick Pet Care
- Missing Link Products
- Nestlé Purina
- NOW Health Group
- Nutramax Laboratories Veterinary Sciences
- Royal Canin
- SCHELL & KAMPETER
- Solid Gold Pet
- Swedencare
- The J.M. Smucker Company
- Thorne Vet
- Tomlyn
- VetriScience
- Vital Planet
- Wellness Pet
|
Market Dynamics: Key drivers, trends, and challenges
- Key market drivers
- Rising pet ownership
- Increased accessibility and convenience
- Humanization of pets
- Key market trends
- Growing focus on preventive care
- Development of specialized supplements targeting specific health concerns
- Key market challenges
- Lack of stringent regulations and standardized quality control measures for pet supplements
- Rising in adulterated and counterfeit pet supplements
Key questions to be answered
1. What is the current market size of the Global Pet Supplement market, and what is its growth potential over the next five years?
2. What is the Compound Annual Growth Rate (CAGR) of the Global Pet Supplement market?
3. Which are the key segments covered in the Global Pet Supplement market, and which segments are experiencing the fastest growth?
4. Which geographical region offers the highest growth opportunities in the Global Pet Supplement market?
5. How is the competitive landscape evolving, and who are the key players in the Global Pet Supplement market?
6. Who are the top five players in the Global Pet Supplement market, and what is their respective market share?
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