Pet Supplement Market - Trends Forecast Till 2028

Pet Supplement Market, by Pet Type (Dogs, Cats), Distribution Channel (Offline, Online) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-PH-PSM-412

Format:  

Number of Pages: 346

Domain: Pharmaceutical

Pet Supplement Market – Trends Forecast Till 2028

The global Pet Supplement market size is projected to reach USD 2.2 billion by 2026 at a CAGR of 6.3% from USD 1.7 billion in 2021 during the forecast period 2021-2028.

The increased awareness amongst pet owners is some of the factors that have supported long-term expansion for Pet Supplement Market.

The COVID-19 pandemic has led to an increased awareness about pet health amongst people and now the owners have started paying more attention towards the same.

Pet Supplement Market Report

North America is expected to be the largest market during the forecast period. The increasing number of pet owners along with the increased awareness regarding the wellbeing of the pet have led to growth in the pet supplement in the region.

Pet Supplement Market is segmented into Pet type, distribution channel and geography.

On the basis of Pet Type

  • Dogs
  • Cats
  • Others

On the basis of Distribution Channel

  • Offline
  • Online

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Pet Supplement Market Primary Respondent

 

Key Players

  • Nestlé Purina Petcare
  • Food Science Corporation
  • Ark Naturals
  • NOW Foods
  • Virbac
  • Kemin Industries, Inc.
  • Novotech Nutraceuticals, Inc.
  • Zoetis Inc. (Platinum Performance)
  • Bayer AG
  • PetHonesty
  • Nutramax Laboratories, Inc.
  • Manna Pro Products, LLC
  • Honest Paws
  • Garmon Corporation
  • Zenwise
  • Only Natural Pet
  • Dechra Pharmaceuticals PLC

Recent Developments

  • Bayer has completed the sale of its Animal Health business unit to U.S. company Elanco Animal Health Incorporated. The companies had signed an agreement to this effect in August of last year. The transaction was completed after fulfillment of the closing conditions, including the receipt of regulatory approvals.
  • Vestar Capital Partners, a leading U.S. middle-market private equity firm, announced today that it has agreed to make a majority investment in PetHonesty (or "the Company"), a trusted leader in premium pet health products providing high-quality, innovative pet supplements.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Pet Supplement market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 1.7 billion

Growth Rate

CAGR of 6.3% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Pet type, distribution channel and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Nestlé Purina Petcare, VetriScience Laboratories, Ark Naturals, NOW Foods, Virbac, Kemin Industries, Inc., Novotech Nutraceuticals, Inc., Zoetis Inc., Bayer AG, PetHonesty, Dechra Pharmaceuticals PLC, Nutramax Laboratories, Inc.

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