Pet Supplements Market Size, Share, Future Growth, 2032

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
The global pet supplements market size stood at USD 2.33 billion in 2023. The market is projected to be worth USD 2.47 billion in 2024 and reach USD 3.85 billion by 2032, exhibiting a CAGR of 5.73% during the assessment period.
The pet supplements global market is witnessing a transition from pet owners to pet parents, and heightened awareness of pet health is driving a surge in demand for supplements crafted with premium ingredients. As per the study, this shift toward personalized supplements tailored to address specific pet health concerns reflects a positive outlook for the market over the assessment period.
𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pet-supplements-market-109797
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
• Mars Incorporated (U.S.)
• Nestle S.A. (Switzerland)
• FoodScience Corporation (U.S.)
• Biostime Pharmaceuticals (Zesty Paws) (China)
• iVet Professional Formulas (U.S.)
• Farmina Pet Foods (Italy)
• Nutramax Laboratories, Inc. (U.S.)
• The Higgins Group Corp. (U.S.)
• Pet Naturals (U.S.)
• Affinity Petcare S.A (Spain)
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬:
𝐒𝐨𝐥𝐢𝐝𝐢𝐟𝐢𝐞𝐝 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐨𝐟 𝐃𝐨𝐠𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐨𝐰𝐞𝐝 𝐭𝐨 𝐭𝐡𝐞 𝐑𝐢𝐬𝐢𝐧𝐠 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐃𝐨𝐠 𝐎𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩
By pet type, the market is trifurcated into dogs, cats, and others. Dogs command the highest share of the market, buoyed by increasing ownership rates and continued interest in future adoptions.
𝐂𝐡𝐞𝐰𝐚𝐛𝐥𝐞 𝐒𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐋𝐞𝐚𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐢𝐭𝐡 𝐓𝐡𝐞𝐢𝐫 𝐇𝐢𝐠𝐡𝐞𝐫 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐑𝐚𝐭𝐞
By form, the market is fragmented into tablets & capsules, chewable, and liquid & powder. The chewable segment gains an edge over other supplement forms owing to its convenience and higher preference.
𝐇𝐢𝐩 & 𝐉𝐨𝐢𝐧𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐬 𝐰𝐢𝐭𝐡 𝐇𝐢𝐠𝐡𝐞𝐫 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐎𝐥𝐝 𝐏𝐞𝐭𝐬
By function, the market is classified into skin & coat, hip & joint, digestive health, and others. The escalating number of pets with old age following the hip & joint problems leads to the segment's top position.
𝐆𝐥𝐮𝐜𝐨𝐬𝐚𝐦𝐢𝐧𝐞 𝐕𝐚𝐧𝐠𝐮𝐚𝐫𝐝𝐬 𝐰𝐢𝐭𝐡 𝐢𝐭𝐬 𝐏𝐫𝐨𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐢𝐧 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐧𝐠 𝐂𝐡𝐨𝐧𝐝𝐫𝐨𝐜𝐲𝐭𝐞 𝐂𝐞𝐥𝐥𝐬
By supplement, the market is categorized into glucosamine, probiotics & prebiotics, multivitamins, and others. Glucosamine captured the largest share of 38.02% in 2023 and made its mark as a dominant supplement with its ability to protect chondrocyte cells and maintain cartilage structure.
𝐎𝐟𝐟𝐥𝐢𝐧𝐞 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 𝐆𝐚𝐢𝐧𝐬 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐜𝐞 𝐰𝐢𝐭𝐡 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐢𝐞𝐝 𝐏𝐫𝐢𝐜𝐞 𝐂𝐨𝐦𝐩𝐚𝐫𝐢𝐬𝐨𝐧𝐬
By distribution channel, the market is split into online channel and offline channel. The offline distribution channel's easier price comparison and variegated options place the segment at the forefront.
Regionally, the market is studied across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.fortunebusinessinsights.com/enquiry/multi-report-purchase/pet-supplements-market-109797
𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞
The research report offers a detailed examination of market trends, notable industry developments, and factors favorable for the market's growth. Moreover, it includes emerging opportunities and challenges within the market. In addition to the above factors, the report also covers key strategies by market players, their positioning, and technological advancements shaping the market landscape.
𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬
𝐌𝐢𝐥𝐥𝐞𝐧𝐧𝐢𝐚𝐥 𝐚𝐧𝐝 𝐆𝐞𝐧 𝐙 𝐏𝐞𝐭 𝐎𝐰𝐧𝐞𝐫𝐬 𝐃𝐫𝐢𝐯𝐞 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞𝐝 𝐖𝐞𝐥𝐥𝐧𝐞𝐬𝐬 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭
The millennial and Generation Z demographics represent a significant portion of pet owners globally. A strong inclination toward personalized wellness products, awareness of pet health trends, and substantial spending capacity are poised to shape the future landscape of the pet supplements market growth.
However, the high regulation in developed countries increases the manufacturing cost of pet supplements, further impeding the market's growth.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐋𝐞𝐚𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐢𝐭𝐡 𝐇𝐢𝐠𝐡 𝐏𝐞𝐭 𝐎𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩
North America secured USD 1.02 billion in 2023 and holds the maximum pet supplements market share globally. Most of the U.S. population is estimated to own at least one pet, resulting in higher adoption of pet supplements.
Asia Pacific is projected to outpace other regions in terms of growth rate with higher adoption rates from the millennial population.
𝐀𝐬𝐤 𝐅𝐨𝐫 𝐓𝐡𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/pet-supplements-market-109797
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐢𝐭𝐚𝐧𝐬 𝐅𝐨𝐫𝐠𝐞 𝐀𝐡𝐞𝐚𝐝 𝐰𝐢𝐭𝐡 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 𝐭𝐨 𝐂𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧
Industry giants solidify their pet supplements market position by prioritizing innovation and expansion strategies such as new product launches and strategic acquisitions. Mars Incorporated's launch of Pedigree multivitamins in March 2023, which exemplifies its commitment to catering to the growing preference for supplements among younger pet owners.
𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭
𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟐: Yumi unveiled its new supplements brand for pets, featuring a range of products including joint health, probiotics, skin and coat, and more.

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