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Pet Dietary Supplements Market Trends

Report ID: GMI7649
Published Date: Dec 2023
Report Format: PDF

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Pet Dietary Supplements Market Trends

The market is witnessing a trend toward innovative supplement formulations that include natural ingredients. This demand for transparency in ingredient sourcing and formulation has prompted manufacturers to innovate, driving a shift towards cleaner labels and more natural ingredients in pet supplements.

Additionally, pet owners are increasingly seeking personalized nutrition solutions for their pets. Private label brands are exploring ways to specialize their supplements based on factors such as a pet's age, breed, health condition, and dietary preferences to meet this demand.

There is a growing interest in incorporating functional ingredients with specific health benefits into pet supplements. Ingredients like turmeric for anti-inflammatory effects, hemp-derived CBD for stress relief, and adaptogens for overall wellness are gaining popularity.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Pet dietary supplements industry size was USD 3.35 billion in 2023 and is expected to register over 5.6% CAGR from 2024-2032 due to the rising trend of pet humanization, wherein pets are considered as family members.

Pet dietary supplements industry from the chewable segment recorded USD 1.22 billion in 2023 and is expected to register an appreciable CAGR over 2024-2032 owing to their easy ingestible nature for animals, as they consider it a treat.

North America pet dietary supplements industry is expected to register commendable CAGR from 2024-2032 due to the surge in pet ownership and increased spending on comprehensive pet care services, including food, insurance, grooming, and veterinary care in the region.

Ark Naturals, Bayer AG, Blue Buffalo Pet Products Inc., Food Science Corporation, Four Paws Inc, Mars PetCare, Nestlé Purina PetCare, Nutramax Laboratories, PetHonesty, Vibrac, Zoetis Inc., and Zesty Paws, are some of the major pet dietary supplements companies worldwide.