Pet Herbal Supplements Market Size, Industry Analysis, Key Insights And Forecast To 2033

The new report published by The Business Research Company, titled ""Pet Herbal Supplements Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the pet herbal supplements market size has been grown rapidly in recent years. It will grow from $0.99 billion in 2023 to $1.12 billion in 2024 at a compound annual growth rate (CAGR) of 13.3%. The pet herbal supplements market size is expected to see rapid growth in the next few years. It will grow to $1.87 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%.

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Rising Pet Expenditure Fuels Growth In Pet Herbal Supplements Market
The rising pet expenditure is expected to propel the growth of the pet herbal supplements market going forward. Pet expenditure refers to costs related to pet food, supplies and medicines, veterinarian care, live animal purchases, and other services. The increase in pet expenditure is driven by the humanization of pets, leading to higher spending on premium products and services and advancements in pet healthcare requiring more costly treatments. The rise in pet expenditure is boosting the pet herbal supplements market as owners increasingly seek natural, high-quality health products to ensure their pets' well-being and longevity. For instance, in November 2023, according to a report by American Pet Products Association, Inc., a US-based not-for-profit industry association, the U.S. pet industry expenditure was $147.0 billion in 2023, up from $136.8 billion in 2022. Therefore, the rising pet expenditure is driving the growth of the pet herbal supplements market.

Innovative Canine Supplements Enhancing Pet Health And Well-being
Major companies operating in the pet herbal supplements market are focusing on developing innovative products, such as canine supplements, to serve customers better and gain a competitive edge in the market. A canine supplement is an over-the-counter or prescribed product that provides additional vitamins, minerals, enzymes, amino acids, and herbs to address various health issues in dogs, such as skin disorders, joint problems, and overall well-being. For instance, in July 2023, Badlands Ranch, a leading US-based pet nutrition brand, launched Super20, a canine superfood powder designed to support dogs' overall well-being. This comprehensive supplement includes natural ingredients such as mushrooms, milk thistle, and ashwagandha to promote energy, mobility, coat health, mood upliftment, and smooth digestion. It addresses common concerns such as joint stiffness, gut health, stress management, and immune support, providing an effortless way to enhance the quality of life for beloved furry companions.

The pet herbal supplements market covered in this report is segmented -

1) By Product: Omega 3 Fatty Acids, Probiotics And Prebiotics, Multivitamins And Minerals, Proteins And Peptides, Other Products
2) By Dosage Form: Tablets And Capsules, Powders, Liquids, Other Dosage Forms
3) By Animal Type: Dogs, Cats, Horses, Other Animals
4) By Application: Digestive Support, Immunity Support, Skin And Coat, Calming Or Stress Or Anxiety, Joint Health Support, Kidney Health, Liver Health, Respiratory Health, Other Applications
5) By Distribution Channel: Online, Offline

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Major companies operating in the pet herbal supplements market are Merck & Co. Inc., C.H. Boehringer Sohn AG & Co. KG, Zoetis Inc., Elanco Animal Health Incorporated, Virbac, Dechra Pharmaceuticals plc, Vetoquinol, Nutramax Laboratories, Nulo Pet Food, Ceva Animal Health, Healthy Paws Herbal Labs, Zesty Paws, PetHonesty, Only Natural Pet, Petlab Co., Honest Paws, Vet's Best Friend, Ark Naturals, Herbsmith, NaturVet, Vital Pet Life, Paw Naturals

Contents of the report:
1. Executive Summary
2. Pet Herbal Supplements Market Report Structure
3. Pet Herbal Supplements Market Trends And Strategies
4. Pet Herbal Supplements Market - Macro Economic Scenario
5. Pet Herbal Supplements Market Size And Growth
…..
27. Pet Herbal Supplements Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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