Press release
Pet Supplement Market Size to Worth USD 720.2 Billion 2021-2027 | Industry Registering 7.3% CAGR [2021-2027]
Increase in adoption of pets, awareness regarding the pet food, and concerns about the health of pets are the major driving forces of the pet supplement marketThe proposed Pet Supplement Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.
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The key players profiled in this study includes: -
ARK NATURALS COMPANY
BAYER AG
FOOD SCIENCE CORPORATION
KEMIN INDUSTRIES
NESTLE S.A
NOVOTECH NUTRACEUTICALS, INC
NOW HEALTH GROUP, INC
NUTRAMAX LABORATORIES, INC
VIRBAC
ZOETIS INC
The state-of-the-art research on Pet Supplement Market, which is a detailed analysis of business space inclusive of the current market trends, competitive background, and size of the market. Encircling one or more parameters among analysis of the product, application potential, and global and regional growth strategies.
Speaking about this research report in particular, it includes:
• Five Types of Segmentations (by Product Type, Power, Application, Distribution Channel, Region)
• Five Major Regions (North America, Europe, Asia Pacific, Middle East & Africa, South & Central America)
• Key Industry Dynamics including factors that are Driving the Market, Prevailing Deterrent, Potential Opportunities as Well as Future Trends.
• Ten Company Profiles (these are not just Major Players but a Mix of Leading, Emerging Players, Market Disruptors, Niche Market Players, etc.)
• Industry Landscape Analysis
• Analysis of COVID-19 Impact on this market at Global and Regional Level.
𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 (Flash Sale Tell 20th August 2022):- https://www.alliedmarketresearch.com/checkout-final/d105945949adbdfea6aeca19346f5e25
The growth of the global pet supplement market is driven by increase in pet adoption rate and rise in empathy toward animals. Natural pet food is becoming increasingly popular, as it is formulated using natural ingredients and are free from preservatives and functional ingredients. Furthermore, government support to increase the usage of safe, healthy, and natural ingredients in pet supplements and to bring more transparency in selling these products is boosting the growth of the global market. For instance, pet food products and supplements do not require approval by the FDA. However, FDA ensures that the ingredients used in pet food are safe and have appropriate function in pet food. Many ingredients such as meat, poultry, and grains are considered safe and do not require pre-market approval.
According to the pet supplement market trends, on the basis of pet, the cat segment was valued at $228.6 million in 2019, and is projected to reach $307.9 million by 2027, registering a CAGR of 6.9% from 2021 to 2027. This is attributed to the fact that cats are more home-friendly than other pets and comparatively less expensive. According to an Australian study, cat owners do have better psychological health than people without pets. People are increasingly adopting cats, as they bond strongly with kids, which boosts the demand for pet supplements. According to a survey conducted by the World Pet Association (WPA), more than 2,200 young kids aged 11-15 have strong bond with their cats.
Key findings of the study
The pet supplement market was valued at $596.8 million in 2019, and is estimated to reach $822.6 million by 2027, growing at a CAGR of 7.3% during the forecast period.
By pet, the others segment is estimated to witness the fastest growth, registering a CAGR of 9.7% during the forecast period.
In 2019, depending on application, the multivitamin segment was valued at $201.1 million, accounting for 33.7% of the global pet supplement market share.
In 2019, the U.S. was the most prominent market in North America, and is projected to reach $224.5 million by 2027, growing at a CAGR of 4.5% during the forecast period.
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FREQUENTLY ASKED QUESTIONS?
Q1. What would be forecast period in the market report?
Q2. What is the market value of pet supplement market in 2019?
Q3. What is the total market value of the pet supplement market report?
Q4. Which are the top companies' hold the market share in pet supplement market?
Q5. Which is the most influencing segment growing in the pet supplement market report?
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top Investment Pockets
3.3.Value chain analysis
3.4.Porter's five forces analysis
3.5.Market dynamics
SIMILAR REPORTS :-
Pet Traction Ropes Market https://www.alliedmarketresearch.com/pet-traction-ropes-market-A06574
Dog Supplement Market https://www.alliedmarketresearch.com/dog-supplement-market-A09417
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