Press release
Pet Supplement Market Analysis By Pet Type, Distribution Channel, Source, Application and Region | Ark Naturals Company, Elanco Animal Health Incorporated
Pet Supplement Market Report
Industry Overview and Application:
Pet supplements are widely utilized to provide essential nutrients to pets. Prepared using plant and animal extracts, they are essential in compensating for various nutritional deficiencies, such as phosphate, minerals, calcium and vitamins, among pets. Also, their consumption helps in improving the immune system, reducing the risks of cancer, inflammation, skin infections and arthritis, and ensuring their overall development.
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Market Trends and Drivers:
The global market is primarily driven by the rising trend of pet humanization among the masses. Along with this, the rising income levels of individuals and the increasing concerns regarding pet health among pet parents are also providing a boost to the sales of premium and fortified supplements. Some of the other factors contributing to the market growth include the easy availability of pet supplements across online and offline organized retail channels, rising number of pet owners, and the growing investments by manufacturers to introduce safe and effective product variants.
Competitive Landscape with Key Players:
• Ark Naturals Company
• Elanco Animal Health Incorporated
• Boehringer Ingelheim International GmbH
• FoodScience Corporation
• Kemin Industries Inc.
• Nestlé S.A.
• Novotech Nutraceuticals Inc.
• NOW Foods
• Nutramax Laboratories Inc.
• VetriScience Laboratories
• Virbac
• Zoetis Inc.
Key Highlights of the Market Segmentation:
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
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
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