Overview of the Global Pet Supplements Market to 2027

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Dublin, December 17, 2021 (GLOBE NEWSWIRE) – The “Global Pet Supplements Market By Distribution Channel (Offline & Online), By Pet Type (Dogs, Cats & Other Types), By regional outlook, industry analysis report and forecast, The 2021 – 2027 report “has been added to ResearchAndMarkets.com offer.

The global pet supplements market size is projected to reach $ 2.1 billion by 2027, with the market growth of 6.3% CAGR during the forecast period. The pet supplement refers to a popular option to conventional pet foods, having a low carbohydrate content, high nutrient content, and a slightly sweeter taste.

The pet supplement is considered to be a rich source of nutrients, vitamins, protein, and minerals. It is becoming very popular in emerging countries, due to the rise in the humanization of pets and the increase in disposable income in these countries. Additionally, consumers have become more aware of the overall health of pets, thereby accelerating the demand for products that help improve health, improve longevity, and prevent several illnesses such as calmness, skin, and health issues. coat, hip and joint.

Rising spending on pet care globally and sharp increase in pet adoption are fueling market growth. Pet owners are voluntarily spending huge amount of money to maintain the health of their pets resulting in increased pet health expenses. The players operating in the pet supplement market are constantly innovating unique products that are more effective, taste better, are durable and healthy with the aim of meeting ever increasing consumer demands. According to the American Pet Products Association, the overall adoption of pets in the United States increased significantly in 2016. The increase in pet health spending is responsible for the massive adoption of pets.

COVID-19 impact assessment

The outbreak of the COVID-19 pandemic has severely affected various industries across the world. However, sales of pet supplements have increased due to increased consumer interest in the aftermath of COVID-19, primarily for products that aim to improve immunity and overall health and reduce anxiety. .

The global pandemic has had a negative impact on the consumer goods market; however, the animal feed and supplement market saw a much smaller impact. People were forced to follow strict lockdown guidelines in order to slow the rate of transmission of the deadly virus.

In the majority of countries, borders have been closed, which has had a direct impact on the export and import of pet supplements and the manufacturing process. In addition, the supply chain has been disrupted, which has slowed down the entire market. People stayed home with their pets throughout the lockdown, which boosted sales of pet supplements. A decreasing number of COVID-19 cases and the massive deployment of vaccines in many countries with the aim of providing treatment for patients suffering from the corona virus are expected to accelerate the growth of the pet supplements market.

Market growth factors:

The trend towards the humanization of pets is expected to have a positive impact on consumers’ buying habits

Over the past two years, the humanization of pets has grown in popularity. Understanding the impact of the humanization of pets on the pet food purchasing habits of consumers is crucial. The American Pet Products Association (APPA) conducted a study which found that over 76.8 million households in the United States have one or more pets, with 39% of households having dogs. Pet owners prefer to increase their annual spending on pet food supplements because pets have become part of the family.

Booming Online Sales Expected To Drive Market Growth

Players in the global pet supplements market are witnessing massive growth opportunities due to the booming e-commerce websites. For pet owners, pet foods and supplements work as an important disease control method. Manufacturers operating in the pet food supplement market are focusing more on functional ingredients in products that display the prevention, maintenance, and treatment of particular health concerns for pets.

Market restriction factor:

Uncertain regulatory scenario hampers market growth

According to the Federal Food, Drugs and Cosmetics Act of 1938 (FFDCA), animal feed must be safe for consumption and prepared under sanitary conditions. There should be no harmful substances in the food and these foods should have proper labeling. The Food Safety Modernization Act of 2010 (FSMA) introduced standards associated with sterilization, certification, hygiene, and ingredient labeling for pet food manufacturers in the United States.

Distribution channel outlook

On the basis of the distribution channel, the market is segmented into offline and online. The offline distribution channel segment has generated the maximum revenue share of the global pet supplements market in 2020. There has been a slow shift among pet owners towards online retail; However, it was not until 2020 that a major shift was seen to the online pet supplement market.

Pet type

On the basis of the type of pet, the market is segmented into dogs, cats, and other types. COVID-19 has raised awareness of the need to proactively support immune health. The COVID-19 pandemic has raised awareness among cat and dog owners about maintaining health, particularly in the United States. In addition, the majority of these pet owners have included products that boost the immune system in their pets’ diets.

Regional perspectives

On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific and Latin America, Middle East and Africa. The US pet market has suffered from the global pandemic and the economic crisis that followed. As an increasing number of people include pets in their homes and focus on the health and wellness of their health as a member of their family, which is driving the growth of the regional market.

Cardinal Matrix Competing Analysis of the Pet Supplements Market

The main strategies followed by market players are partnerships. Based on the analysis presented in the cardinal matrix; Nestlé SA is the major pioneer in the pet supplement market. Companies such as Elanco Animal Health, Inc., Zoetis, Inc., Nutramax Laboratories, Inc. are among the leading innovators in the market.

The market research report covers the analysis of the major players in the market. Major companies featured in the report include Dechra Pharmaceuticals PLC, Nestlé SA, Elanco Animal Health, Inc., Zoetis, Inc., Nutramax Laboratories, Inc., NOW Foods, Inc., Ark Naturals, Kemin Industries, Inc., FoodScience Corporation (Wind Point Partners) and Honest Paws, LLC.

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview
2.1 Presentation
2.1.1 Overview
2.2 Key factors influencing the market
2.2.1 Market drivers
2.2.2 Market restrictions

Chapter 3. Competitor Analysis – Global
3.1 Cardinal matrix
3.2 Recent Strategic Industry-Wide Developments
3.2.1 Partnerships, collaborations and agreements
3.2.2 Product launches and product extensions
3.2.3 Acquisitions and Mergers
3.2.4 Geographic expansions
3.3 Best winning strategies
3.3.1 Main main strategies: percentage distribution (2017-2021)
3.3.2 Key strategic action: (Partnerships, collaborations and agreements: 2018, January – 2021, April) Main actors

Chapter 4. Global Pet Supplements Market by Distribution Channel
4.1 Global Offline Market by Regions
4.2 Global Online Market by Regions

Chapter 5. Global Pet Supplements Market by Pet Type
5.1 Global Dog Market by Region
5.2 Global Cat Market by Region
5.3 Global Other Types Market by Region

Chapter 6. Global Pet Supplements Market by Regions

Chapter 7. Company Profiles
7.1 Dechra Pharmaceuticals PLC
7.1.1 Company overview
7.1.2 Financial analysis
7.1.3 Regional and segmental analysis
7.1.4 Research and development costs
7.1.5 Strategies and recent developments:
7.1.5.1 Partnerships, collaborations and agreements:
7.1.5.2 Acquisitions and Mergers:
7.2 Nestlé SA
7.2.1 Company overview
7.2.2 Financial analysis
7.2.3 Segmental analysis
7.2.4 Research and development costs
7.2.5 Strategies and recent developments:
7.2.5.1 Partnerships, collaborations and agreements:
7.2.5.2 Acquisitions and Mergers:
7.2.5.3 Product launches and product extensions:
7.3 Elanco Animal Health, Inc.
7.3.1 Company overview
7.3.2 Financial analysis
7.3.3 Regional analysis
7.3.4 Research and development costs
7.3.5 Strategies and recent developments:
7.3.5.1 Partnerships, collaborations and agreements:
7.3.5.2 Acquisitions and Mergers:
7.3.5.3 Product launches and product extensions:
7.4 Zoetis, Inc.
7.4.1 Company overview
7.4.2 Financial analysis
7.4.3 Regional analysis
7.4.4 Research and development costs
7.4.5 Strategies and recent developments:
7.4.5.1 Partnerships, collaborations and agreements:
7.4.5.2 Acquisitions and Mergers:
7.5 Nutramax Laboratories, Inc.
7.5.1 Company overview
7.5.2 Strategies and recent developments:
7.5.2.1 Product launches and product extensions:
7.5.2.2 Geographic extensions:
7.6 Foods NOW, Inc.
7.6.1 Company overview
7.7 Ark Naturals
7.7.1 Company overview
7.7.2 Strategies and recent developments:
7.7.2.1 Product launches and product extensions:
7.8 Kemin Industries, Inc.
7.8.1 Company overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, collaborations and agreements:
7.8.2.2 Product launches and product extensions:
7.9 FoodScience Corporation (Wind Point partners)
7.9.1 Company overview
7.9.2 Strategies and recent developments:
7.9.2.1 Product launches and product extensions:
7.10. Honest Paws, LLC
7.10.1 Company overview
7.10.2 Strategies and recent developments:
7.10.2.1 Partnerships, collaborations and agreements:
7.10.2.2 Product launches and product extensions:

For more information on this report, visit https://www.researchandmarkets.com/r/no5dve

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