NEWARK, Del., Nov. 1, 2023 (GLOBE NEWSWIRE) — U pet dietary supplement market is expected to be rated at US$ 4,269.1 million in 2023 and US$8,288.4 million by 2033. Over the forecast period, the pet dietary supplement market is expected to rise to CAGR of 7.3%. Pet owners are increasingly looking for tailor-made dietary supplements for their furry companions. The companies use advanced technologies and data analysis to create personalized supplement plans that meet the needs and health conditions of each animal.
As the stigma surrounding CBD and hemp products diminishes, these natural alternatives are gaining traction in pet supplements. Pet owners have explored the potential therapeutic benefits of these substances, leading to an increase in product offerings in this category. An emerging driver is the focus on eco-conscious choices in pet dietary supplement packaging. Consumers are looking for brands that prioritize sustainable materials and ecological practices, thus influencing their purchasing decisions.
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Companies are increasingly cutting out the middleman and selling directly to consumers online. This trend simplifies accessibility and allows pet owners to interact directly with brands, fostering trust and loyalty. Veterinarians play a crucial role in educating pet owners about dietary supplements. Their endorsements and recommendations carry significant weight, leading to increased awareness and sales of these products.
Key Tips from the Pet Dietary Supplement Market:
- tea pet dietary supplement market in the United States is likely to hold a market share of 24.9% in 2023.
- The UK is ready for a 5.0% CAGR from 2033.
- China is at the forefront, anticipating a 11.3% CAGR increase in 2033.
- The glucosamine segment to maintain a 5.20% market share until 2023.
- FMI predicts that the general health segment will hold a share of the market 5.90% until 2023.
“The pet dietary supplement market is poised for exponential growth, driven by increased pet owner awareness of holistic pet health and demand for premium natural products.” He says Nandini Roy ChoudhuryClient Partner in Future Market Insights
How key players are revolutionizing the pet dietary supplements market?
Key players are driving a transformative revolution in the ever-evolving pet dietary supplement market. These industry leaders recognize the growing demand for animal health and welfare, resulting in increased innovation. They invest heavily in research and development, creating products tailored to the specific needs of dogs, cats and other companion animals. They prioritize natural and organic ingredients, responding to health-conscious pet owners.
E-commerce platforms and personalized subscription services have also simplified accessibility, making it easier for pet owners to find the right supplement. By combining science, consumer preferences and affordability, these key players are revolutionizing the pet dietary supplement market, promoting happier, healthier pets.
Product portfolio
- Nestle SA, a global leader in food and beverage, offers a wide portfolio of products that meet different tastes and nutritional needs. From beloved pastries to healthy cereals and baby food, Nestlé continues to innovate, ensuring quality and sustainability in every mouthful.
- Mars Incorporated tantalizes taste buds with a stellar range of products, including iconic brands such as Snickers, M&M’s and Pedigree. Their commitment to quality and a wide range of treats for humans and pets ensures that everyone finds a reason to smile.
- NOW Foods is dedicated to holistic wellness, providing a comprehensive selection of supplements, essential oils and natural products. Their products are created to support a healthier lifestyle, backed by quality and purity, offering vitality one bottle at a time.
More Insights Available
Future Market Insights offers unbiased analysis of the pet dietary supplements market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the pet dietary supplements market, the report is segmented on the basis of product type (glucosamine, probiotics, multivitamins, Omega-3 fatty acids and others), application (animal health joints, digestive health, weight management, skin and coat). Health, Dental Care and Others), in 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa).
Purpose of the report:
| Attributes | Details | |||
| Estimated market size in 2023 | US$ 4,269.1 million | |||
| Estimated market valuation in 2033 | US$8,288.4 million | |||
| CAGR based on value 2023 to 2033 | 7.3 | % | ||
| Forecast period | 2023 to 2033 | |||
| Historical Data Available for | 2018 to 2022 | |||
| Market analysis | Value in US$ millions | |||
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Pet Dietary Supplement Market Segmentation:
By product type:
- Glucosamine
- Probiotics
- Multivitamins
- Omega 3 fatty acids
- Others
By application:
- Articulated Health
- Digestive health
- Weight management
- Skin and coat health
- Dental care
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and the Pacific
- Eastern Asia
- The Middle East and Africa
Explore Future Market Insights, Inc. Extensive coverage in the food and beverage industry:
- Dietary Supplements Market Size: The Market is likely to exceed $163.66 billion by 2033. Market players can anticipate a compelling CAGR of 9.1% by 2033.
- Growth of the Insoluble Dietary Fiber Market: This Market is valued at US$ 2,200 Million and is expected to develop at a 9.2% CAGR, reaching US$ 5304.6 Million.
- Probiotic Supplements Market Outlook: The Global Market is estimated to be valued at US$ 7,078.1 million in 2023. It is anticipated to reach US$ 23,977.9 million in 2033.
- Digestive Health Supplements Market Overview: The Market is estimated to reach US$ 17,160 million in 2023. With the demand growing at a 6% CAGR, the market size is expected to reach US$ 29,648.6 million in the forecast period.
- Nootropic Supplement Market Trends: This Market is expected to expand from US$ 2,200 million in 2023 to US$ 4,180 million by 2033. From 2023 to 2033, these global Market sales are likely to grow at 9.0% CAGR.
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