Pet Supplement Market - Trends Forecast Till 2028

Market Overview

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.

Regional Analysis

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.

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

Competitive Landscape

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