Pet Supplement Market 2020 with (Covid-19) Impact Analysis: Growth, Latest Trend Analysis and Forecast 2027

Pet supplements comprise of plant or animal foods that are specifically made for the management of disease, illness, and disorders of pets. It also provides some essential nutrients which helps in improving the immune system of the pet giving it a long and healthy life. These supplements are used with pet food to improve the nutritional level and performance of the pets. Mostly pet supplements are purchased for dogs, cats, birds, and other pet animals. Animal supplements sector is expected to witness the fastest growth during the forecast period.

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COVID-19 Scenario Analysis:
Corona virus has spread all over the world and many countries are fighting with it by implementing lockdowns. People are quarantined at their homes with pets, reducing the chance of getting affected by the virus. According to experts, to fight with this pandemic, people should work on to make their immune system strong. Same goes with their pets. Demand for health supplements have been increased in this pandemic but due to lockdown, manufacturing process and supply chain has slowed down which has disrupted the whole market.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Increase in number of pet lovers and adopters is one of the major reasons for the growth of the market. People were used to pet animals before also but not in the same pattern as they are petting them now. Petting habits have changed a lot; people eat, sleep and even do yoga with their pets, which makes them more concerned about their pet's health and life. All these factors drive the growth of the pet supplement market.

The global pet supplement market trends are as follows:

♦Endorsement by veterinarian

Veterinarians are coming up and endorsing pet supplement products partnering with some retailers and companies. This is directly impacting the pet owners to buy the product as they are concerned about their pet’s health and comfort and veterinarians are the best to take any advice from.

♦Organic and natural products

Organic and natural pet supplements are greatly chosen by pet owners as they are strongly linked with no side effect. Pet owners are highly concerned for their pets and do not want to give them any contaminated food, so they mostly go with organic and natural supplements.

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Key Benefits of the Report:
• This study presents the analytical depiction of the global pet supplement industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global pet supplement market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global pet supplement market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global pet supplement market analysis based on competitive intensity and how the competition will take shape in coming years.

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Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

Companies covered

Nestle Purina Pet Care, Vetri Science Laboratories, Ark Naturals, NOW Food, Virbac, Kemin, Industries, Novotech Nutraceuticals, Zoetis, Bayer

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