Press release
Pet Supplements Global Market Report 2025: Soaring Growth, Market Projections and Leading Trends
Pet Supplements Market Size
What Is The Projected Market Size Of The Pet Supplements Global Market Report 2025 And Its Growth Rate?
• The pet supplements market size was at $2.27 billion in 2024
• It is projected to grow to $2.44 billion in 2025, at a CAGR of 7.5%
• The growth can be attributed to increased pet ownership, veterinary recommendations, humanization of pets, ageing pet population, and rising awareness of preventive care
• The market size is expected to surge to $3.31 billion in 2029 at a CAGR of 7.9%
• The growth in the forecast period can be attributed to premiumization of pet products, personalized nutrition for pets, rise in pet healthcare spending, e-commerce dominance, innovations in delivery formats, and trends like integration of technology, customized and functional formulas, expansion of product range, online retail and subscription models, and transparency in sourcing and manufacturing
What Is Driving The Growth In The Pet Supplements Global Market Report 2025?
Rising concerns about animal welfare significantly contribute to the growth of the pet supplements market going forward. As more attention is paid to an animal's living conditions, pet supplements are being used to provide nutrition and treatment for various diseases, thereby improving animal welfare. According to the American Pet Products Association (APPA), OTC medicines and wellness product sales are projected to increase from $31.5 billion in 2022 to $32.1 billion in 2023. Similarly, the sales of vet care and products are projected to grow from $35.9 billion in 2022 to $37.0 billion in 2023. As concerns about animal welfare increase, the pet supplements market is sure to follow suit.
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Who Are the Key Players Driving Pet Supplements Global Market Report 2025 Growth?
• Nestle S.A.
• Mars Inc.
• Zoetis Inc.
• Bayer Animal Health
• Hill's Pet Nutrition
• iVet Professional Formulas
• Blue Buffalo Pet Products Inc.
• Kemin Industries
• Ceva Santé Animale
• Dechra Pharmaceuticals plc
• Affinity Petcare S.A.
• Kemin Industries Inc.
• NOW Foods Inc.
• Four Paws Inc.
• Nutramax Laboratories Inc.
• FoodScience Corporation
• PetHonesty
• VetriScience Laboratories
• Novotech Nutraceuticals
• Honest Paws LLC
• NutriScience Innovations LLC
• Ark Naturals
• Dr. Harvey's
• Health Extension Pet Care
• Aviform Ltd
• The Higgins Group Corp
• Fromm Family Foods
What Are The Key Trends In The Pet Supplements Global Market Report 2025?
• Integration of Technology
• Customized and functional formulas
• Expansion of product range
• Online retail and subscription models
• Transparency in sourcing and manufacturing
What Are The Segments Of The Global Pet Supplements Global Market Report 2025?
• By Supplement Type: Essential Fatty Acids, Probiotics, Antioxidants, Multivitamins, Enzymes, Other Supplements
• By Product Form: Chewable, Soft Gels, Capsules, Other Forms
• By Pet Type: Dogs, Cats, Other Pets
• By Distribution Channel: Online E-commerce, Retail Stores
• By Application: Skin And Coat, Hip And Joint, Digestive Health, Other Applications
Which Region Leads The Pet Supplements Global Market Report 2025?
North America was the largest region in the pet supplements market in 2024. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The North American region, known for its high rates of pet ownership and rising pet healthcare spending, led the market in 2024.
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What Is Covered In The Pet Supplements Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Pet Supplements Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pet Supplements Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pet Supplements Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pet Supplements Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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