Pet Supplements Market 2023 : Insights, Analysis, Size, Growth Drivers And Forecast Report 2032 | Dechra Pharmaceuticals plc, Nestle S.A., Zoetis Inc., Nutramax Laboratories Inc., NOW Foods Inc.

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Pet Supplements Global Market Report 2023 identifies Rising concerns about animal welfare as the major driver for the Pet Supplements market's growth in the forecast period. Animal welfare refers to how an animal is managed with the conditions in which it lives. Pet supplements are used to provide animals with nutrition and treatment for various diseases to improve animal welfare. 

The global pet supplements market size is expected to grow from $1.98 billion in 2022 to $2.12 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pet supplements market size is expected to reach $2.75 billion in 2027 at a CAGR of 6.8%.

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Major competitors in the Pet Supplements market are Dechra Pharmaceuticals plc, Nestle S.A., Zoetis Inc., Nutramax Laboratories Inc., NOW Foods Inc.

A key trend in the Pet Supplements market includes Product innovation. Major companies operating in the pet supplements market are developing new pet supplements to meet the growing demands of pet owners and introducing new applications and offerings, such as vegan supplements. For instance, in September 2022, Opal Pets, a US-based vegan animal nutrition provider, launched Perfect Powder, a new vitamin supplement. The powder is a complete vitamin, mineral, and amino acid supplement that can augment a well-rounded plant-based diet.

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The Pet Supplements market is segmented -

1. By Supplement Type: Essential Fatty Acids, Probiotics, Antioxidants, Multivitamins, Enzymes, Other Supplements
2. By Product Form: Chewable, Soft Gels, Capsules, Other Forms
3. By Pet Type: Dogs, Cats, Other Pets
4. By Distribution Channel: Online E-commerce, Retail Stores
5. By Application: Skin And Coat, Hip And Joint, Digestive Health, Other Applications
6. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Pet Supplements market.

The Business Research Company's "Global Pet Supplements Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Pet Supplements Market Include:

1. Executive Summary
2. Pet Supplements Market Characteristics
3. Pet Supplements Market Trends And Strategies
4. Pet Supplements Market - Macro Economic Scenario
5. Pet Supplements Market Size And Growth
……
26. Africa Pet Supplements Market
27. Pet Supplements Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pet Supplements Market
29. Pet Supplements Market Future Outlook and Potential Analysis
30. Appendix

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