Press release
Pet Supplement Market Size, Growth, Top Companies Analysis, In-Depth Insight, Business Opportunities And Forecast 2027 | Ark Naturals Company, Elanco Animal Health Incorporated, Boehringer Ingelheim International GmbH and More
According to the latest report by IMARC Group, titled "Pet Supplement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global pet supplement market is primarily driven by the rising awareness among pet owners about the health benefits of pet supplementsYear considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
The global pet supplement market size reached US$ 1.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.6 Billion by 2027, exhibiting a growth rate (CAGR) of 6.3% during 2022-2027.
Note: We are updating our reports, If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you via email within 24 to 48 hours.
Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/pet-supplement-market/requestsample
Pet Supplement Market Top Key Companies:
• Ark Naturals Company
• Elanco Animal Health Incorporated (NYSE: ELAN)
• Boehringer Ingelheim International GmbH
• FoodScience Corporation (OTCMKTS: CULTF)
• Kemin Industries Inc.
• Nestlé S.A. (OTCMKTS: NSRGY)
• Novotech Nutraceuticals Inc.
• NOW Foods (NYSE: DNOW)
• Nutramax Laboratories Inc.
• VetriScience Laboratories
• Virbac (EPA: VIRP)
• Zoetis Inc. (NYSE: ZTS)
Pet Supplement Market Outlook:
Pet supplements are processed food that contains concentrated sources of nutrients to compensate for protein, vitamin, or mineral deficiencies in pets, including dogs, freshwater fishes, cats, reptiles, birds, and horses. These elements are mixed with meats, carbohydrates, and fat components to provide a whole meal for pets and improve their health.
They are backed with prebiotics, antioxidants, probiotics, essential fatty acids, vitamins, dietary fiber, and minerals. They also contain omega-3 fats, biotin, methionine, zinc, thiamine, L-tryptophan, valerian, magnesium, and chamomile. Regular consumption of pet supplements helps enhance the immune system, reduce allergy symptoms, maintain a healthy response, and prevent diarrhea among pets.
Pet Supplement Market Trends and Growth Drivers:
The global market is primarily driven by the rising awareness among pet owners about the health benefits of pet supplements. In line with this, the emerging nuclear family trend and increasing consumer expenditure power have surged pet adoptions, which is acting as another factor accelerating the market growth.
Apart from this, the growing demand for organic pet supplements and surging concerns regarding the quality and safety of the product are providing an impetus to market growth. In line with this, key market players are heavily investing in research and development (R&D) activities to perform well-controlled clinical trials to determine the safety and effectiveness of the supplements, which is bolstering the pet supplement market growth.
Explore Full Report Description At: https://www.imarcgroup.com/pet-supplement-market
Pet Supplement Market Segmentation
The report has segmented the pet supplement market on the basis of pet type, distribution channel, source and application and region.
Based on Pet Type:
• Dogs
• Cats
• Others
Based on Distribution Channel:
• Online
• Offline
Based on Source:
• Organic
• Conventional
Based on Application:
• Multivitamins
• Skin and Coat
• Hip and Joint
• Prebiotics and Probiotics
• Calming
• Others
Geographical Analysis:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
You can Get this report directly (Exclusive offer on this report): https://www.imarcgroup.com/checkout?id=3919&method=1
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Contact Us:
IMARC Group
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Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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