Global Pet Supplements Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions

1 Aug, 2023

The global pet supplements market size is expected to grow from $1.98 billion in 2022 to $2.12 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pet supplements market size is expected to reach $2.75 billion in 2027 at a CAGR of 6.8%.

Global Pet Supplements Market Key Driver

Rising concerns about animal welfare will contribute significantly to the future growth of the pet supplements market. Animal welfare refers to how an animal is treated in relation to the environment in which it lives. Pet supplements are used to provide nutrition to animals as well as treatment for various diseases in order to increase animal welfare.

Get a sample of the global pet supplements market report

Global Pet Supplements Market Segments

The global pet supplements market is segmented:
1) By Supplement Type: Essential Fatty Acids, Probiotics, Antioxidants, Multivitamins, Enzymes, Other Supplements
2) By Product Form: Chewable, Soft Gels, Capsules, Other Forms
3) By Pet Type: Dogs, Cats, Other Pets
4) By Distribution Channel: Online E-commerce, Retail Stores
5) By Application: Skin And Coat, Hip And Joint, Digestive Health, Other Applications
6) By Geography: The regions covered in the pet supplements market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global pet supplements market.

Major Pet Supplements Industry Players

Dechra Pharmaceuticals plc, Nestle S.A., Zoetis Inc., Nutramax Laboratories Inc., NOW Foods Inc., Ark Naturals, Kemin Industries Inc., FoodScience Corporation, Honest Paws LLC, Church & Dwight Co. Inc. , Bayer Animal Health , Merck Animal Health , Ceva Santé Animale , Kemin Industries , Hill's Pet Nutrition , NutriScience Innovations LLC 

Get the full global pet supplements market report

Pet Supplements Market Overview

Pet supplements refer to substances that are intended for oral consumption by pets, whether in or on feed or offered separately, for a specific benefit. These supplements are concentrated ingredients that are added to the diet to provide nutritional or medicinal benefits.

Pet Supplements Global Market Report 2023 provides data on the global pet supplements market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pet supplements market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.