IMARC Group, a leading market research company, has recently releases report titled “Pet Supplement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global pet supplement market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the pet supplement market?
The global pet supplement market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
What is the pet supplement?
Pet supplements are dietary products that are formulated to provide additional nutrition and support for pets. These supplements usually contain vitamins, minerals, herbs, or other nutritional ingredients that are intended to support the overall health and well-being of pets. Pet supplements are available in a wide variety of forms, including capsules, tablets, chews, and liquids. They are commonly used to address specific health concerns, such as joint health, digestion, skin and coat health, and immune system support. Pet supplements are intended to be used in conjunction with a balanced and healthy diet and regular veterinary care to ensure the maximum health support to the pets.
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What are the growth prospects and trends in the pet supplement industry?
The increasing number of pet owners represents a significant factor driving the market growth across the globe. In line with this, the rising pet health concerns among pet owners are boosting the demand for pet supplements, which, in turn, is contributing to the market growth. In addition to this, pet supplements help support joint health, digestive health, and immune function, which is driving the market growth. Other factors, such as rising pet humanization and the introduction of natural and organic product variants, are creating a positive outlook for the market further across the globe.
Competitive Landscape with Key Players:
The competitive landscape of the pet supplements market has been studied in the report with the detailed profiles of the key players operating in the market.
Pet Supplement Companies:
- Ark Naturals Company
- Elanco Animal Health Incorporated
- Boehringer Ingelheim International GmbH
- FoodScience Corporation
- Kemin Industries Inc.
- Nestlé S.A.
- Novotech Nutraceuticals Inc.
- NOW Foods
- Nutramax Laboratories Inc.
- VetriScience Laboratories
- Zoetis Inc.
The report has segmented the market into the following categories:
Breakup by Pet Type:
Breakup by Distribution Channel:
Breakup by Source:
Breakup by Application:
- Skin and Coat
- Hip and Joint
- Prebiotics and Probiotics
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Explore Full Report Description At: https://www.imarcgroup.com/pet-supplement-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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