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Enhancing Health And Wellbeing With Wellness Supplements Industry Trends Gaining Momentum in the Global Veterinary Dietary Supplements Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Veterinary Dietary Supplements Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Recent years have seen significant growth in the size of the veterinary dietary supplements market. The market is predicted to increase from $2.41 billion in 2024 to $2.62 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.9%. The prominent growth in the past years is tied to numerous factors such as the rise in pet ownership, specific veterinarian endorsements, an increased human-centric perspective towards pets, consciousness relating to pet obesity, the accessibility of customized formulations, and advancements in the science of pet nutrition.
Veterinary Dietary Supplements Market Size Forecast: What's the Projected Valuation by 2029?
The market size for veterinary dietary supplements is projected to experience a rapid expansion in the upcoming years. A compound annual growth rate (CAGR) of 11.5% is anticipated to result in a market value of $4.06 billion by 2029. Factors contributing to the projected growth during the forecast period include personalized nutritional solutions, increase in pet population, expansion of e-commerce, focus on specific health ailments, growth in preventive healthcare expenditure, advancements in nutraceuticals, and an integrated approach to pet care. Key trends expected during the forecast period encompass the inclusion of natural and organic components, broadening distribution channels, joint health supplements tailored for senior pets, research and innovation in animal nutrition, regulatory adherence and standards, and strategic alliances and partnerships.
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What Are the Drivers Transforming the Veterinary Dietary Supplements Market?
The veterinary dietary supplements sector is projected to flourish due to the burgeoning population of companion and livestock animals. Companion animals encompass all animals domesticated to fulfill their physical, emotional, behavioral, and social needs, such as dogs, cats, and others. On the other hand, livestock animals are those domesticated for agricultural purposes, providing labor and producing commodities such as cattle. Veterinary dietary supplements ensure companion and livestock animals receive the necessary nutrients for their growth and development. For example, in February 2022, the USDA Economic Research Service (ERS), a government agency in the US, reported roughly 91.9 million beef/cattle, 5.06 million lamb/sheep in the livestock population, and an anticipated total pork export value reaching $8.88. Consequently, the rising population of companion and livestock animals is a key driver for the expansion of the veterinary dietary supplements market.
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What Long-Term Trends Will Define the Future of the Veterinary Dietary Supplements Market?
Leading companies in the veterinary dietary supplements market are focusing on product innovation, including wellness supplements, to offer dependable services to their clients. Wellness Supplements are established as the primary option for pet supplements, meant to enhance a dog's health and wellbeing, and come in five variations. For instance, Wellness Pet Company, a U.S. based pet food business, unveiled Wellness Supplements in January 2023. These Wellness Supplements include five formulations such as move health supplements, calm health supplements, shield health supplements, belly health supplements, and shine supplements. They are made from premium quality ingredients and come in a variety of delicious flavors. The supplements aid in improving digestion, boosting the immune system, handling seasonal allergies, and maintaining a healthy skin and coat for dogs.
Which Segments in the Veterinary Dietary Supplements Market Offer the Most Profit Potential?
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, G*ummies 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)
Subsegments:
1) By Omega 3 Fatty Acids: Fish Oil, Flaxseed Oil, Algal Oil
2) By Proteins And Peptides: Whey Protein, Casein Protein, Pea Protein, Collagen Peptides
3) By CB*D: CB*D Oil, CB*D Treats, CB*D Capsules
4) By Multivitamins And Minerals: Complete Multivitamins, Specific Mineral Supplements, Herbal Blend Formulations
5) By Probiotics And Prebiotics: Probiotic Powders, Probiotic Chews, Prebiotic Fibers
6. By Other Types (Antioxidants): Vitamin E, Coenzyme Q10, Green Tea Extract, Selenium
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Which Firms Dominate the Veterinary Dietary Supplements Market by Market Share and Revenue in 2025?
Major companies operating in the veterinary dietary supplements market are C H Boehringer Sohn AG & Co KG, Virbac, Ark Naturals, Beaphar, FoodScience LLC, Nutri-Pet Research Inc., Canna Companion, Nestle S.A., Nutramax Laboratories Inc., 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, Bayer Animal Health, Dechra Pharmaceuticals PLC, Heska Corporation, Mars Incorporated, Norbrook Laboratories Limited, Zoetis Inc., Bioiberica S.A.U., Bimeda Inc.
Which Regions Offer the Highest Growth Potential in the Veterinary Dietary Supplements Market?
Asia-Pacific was the largest region in the veterinary dietary supplements market in 2024. The regions covered in the veterinary dietary supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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