According to the latest report by IMARC Group, titled “Pet Supplement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global pet supplement market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Pet supplements are widely utilized to provide essential nutrients to pets. Prepared using plant and animal extracts, they are essential in compensating for various nutritional deficiencies, such as phosphate, minerals, calcium and vitamins, among pets. Also, their consumption helps in improving the immune system, reducing the risks of cancer, inflammation, skin infections and arthritis, and ensuring their overall development.
The global market is primarily driven by the rising trend of pet humanization among the masses. Along with this, the rising income levels of individuals and the increasing concerns regarding pet health among pet parents are also providing a boost to the sales of premium and fortified supplements. Some of the other factors contributing to the market growth include the easy availability of pet supplements across online and offline organized retail channels, rising number of pet owners, and the growing investments by manufacturers to introduce safe and effective product variants.
Pet Supplement Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global pet supplement market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
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
Virbac
Zoetis Inc.
Key Market Segmentation:
The report has segmented the global pet supplement market on the basis of pet type, distribution channel, source, application and region.
Breakup by Pet Type:
Dogs
Cats
Others
Breakup by Distribution Channel:
Online
Offline
Breakup by Source:
Organic
Conventional
Breakup by Application:
Multivitamins
Skin and Coat
Hip and Joint
Prebiotics and Probiotics
Calming
Others
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/pet-supplement-market
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
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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