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Veterinary Dietary Supplements Market Size, Share Analysis, Key Trends, Drivers And Forecast To 2033
Veterinary Dietary Supplements Market Share
As per the report, the veterinary dietary supplements market size has grown strongly in recent years. It will grow from $2.21 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The veterinary dietary supplements market size is expected to see rapid growth in the next few years. It will grow to $3.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%.
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Population Growth Of Companion And Livestock Animals Fueling The Veterinary Dietary Supplements Market
The increase in population of companion and livestock animals is expected to propel the veterinary dietary supplements market going forward. Companion animals include all domesticated animals whose physical, emotional, behavioral, and social requirements can be easily met, such as dogs, cats, and other animals, whereas livestock animals refer to domesticated animals that are raised in an agricultural setting to provide labor and produce commodities such as bovines. In companion and livestock animals, veterinary dietary supplements help to provide a high-nutrient diet to meet the animal's need for proper growth and development. For instance, in 2021, according to Eurostat, a Luxembourg-based statistical office of the European Union (EU) responsible for publishing high-quality Europe-wide statistics, the livestock population in the European Union was around 142 million pigs, 76 million bovine animals, 60 million sheep, and 11 million goats. Therefore, the increasing population of companion and livestock animals is driving the growth of the veterinary dietary supplements market.
Enhancing Health And Wellbeing With Wellness Supplements
Major companies operating in the veterinary dietary supplements market are focusing on innovating products, such as the wellness supplements, to provide reliable services to customers. Wellness Supplements are first line of pet supplements designed to support dog's health and wellbeing and available in five varieties. For instance, in January 2023, Wellness Pet Company, a US-based pet food company, launched Wellness Supplements. Wellness Supplements consists in five formulations, such as move health supplements, calm health supplements, shield health supplements, belly health supplements, and shine supplements. Wellness Supplements are composed of high-quality ingredients and diverse tasty flavors. These supplements promote healthy digestion, healthy immune system and seasonal allergies, healthy skin and coat for dogs.
The veterinary dietary supplements market covered in this report is segmented -
1) By Type: Omega 3 Fatty Acids, Proteins and Peptides, CB*D, Multivitamins and Minerals, Probiotics and Prebiotics, Other Types (Antioxidants)
2) By Dosage Form: Tablets and Capsules, Gummie*s and Chewables, Powders, Liquids, Other Dosages (Injectables, Paste)
3) By Distribution Channel: Online or E-commerce, Offline
4) By Application: Joint Health Support, Calming or Stress or Anxiety, Digestive Health, Energy and Electrolytes, Immunity Support, Skin and Coat Health, Other Applications (Kidney, Urinary Tract, Liver, Cardiovascular, Weight Management)
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Major companies operating in the veterinary dietary supplements market report are C H Boehringer Sohn AG & Co KG, Virbac, Ark Naturals, Beaphar, FoodScience LLC, Nutri-Pet Research Inc., CEVA Logistics INDIA PRIVATE LIMITED., Canna Companion, NOW Foods PRIVATE LIMITED, Nestle S.A., Nutramax Laboratories Inc., Orion Corporation, Zydus Animal Health and Investments Limited, Krka d.d. Novo mesto, Animalcare Limited, Ourofino Saúde Animal, Eco Animal Health Group plc, VetriScience Laboratories, Vetoquinol, Kyoritsu Seiyaku Corporation, Nexvet Biopharma plc, Aratana Therapeutics Inc., Bayer Animal Health, Dechra Pharmaceuticals PLC, Heska Corporation, Kindred Biosciences, Mars Incorporated, Norbrook Laboratories Limited, Zoetis Inc., Bioiberica S.A.U., Bimeda Inc., Eli Lilly and Company, Toray Industries Inc., AB Science
Contents of the report:
1. Executive Summary
2. Veterinary Dietary Supplements Market Report Structure
3. Veterinary Dietary Supplements Market Trends And Strategies
4. Veterinary Dietary Supplements Market - Macro Economic Scenario
5. Veterinary Dietary Supplements Market Size And Growth
…..
27. Veterinary Dietary Supplements Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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