Sales of Pet Dietary Supplement Industry to Reaching USD 8.3 Billion by 2033

CITY, Country, 2024-Jun-18 — /EPR Network/ —

The pet dietary supplement market is predicted to be valued at US$ 4,269.1 million in 2023 and US$ 8,288.4 million by 2033. Over the projection period, the pet dietary supplement market is expected to surge at a CAGR of 7.3%. Pet owners are increasingly seeking tailor-made dietary supplements for their furry companions. Companies utilize advanced technologies and data analytics to create personalized supplement plans catering to each pet’s needs and health conditions.

As the stigma surrounding CBD and hemp products diminishes, these natural alternatives are gaining traction in pet supplements. Pet owners are exploring the potential therapeutic benefits of these substances, leading to a surge in product offerings in this category. An emerging driver is the emphasis on eco-conscious choices in the packaging of pet dietary supplements. Consumers are looking for brands that prioritize sustainable materials and environmentally friendly practices, thus influencing their purchasing decisions.

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Companies are increasingly cutting out the intermediary and selling directly to consumers online. This trend simplifies accessibility and allows pet owners to interact directly with brands, fostering trust and loyalty. Veterinarians are playing a pivotal 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 Takeaways from the Pet Dietary Supplement Market:

• The pet dietary supplement market in the United States will likely hold a 24.9% market share in 2023.
• The United Kingdom is poised for a 5.0% CAGR by 2033.
• China is at the forefront, anticipating an 11.3% CAGR surge by 2033.
• The glucosamine segment to hold a market share of 5.20% through 2023.
• FMI predicts the joint health segment to hold a market share of 5.90% through 2023.

“The pet dietary supplement market is poised for exponential growth, driven by increasing pet owner awareness of holistic pet health and the demand for premium, natural products.” Says Nandini Roy Choudhury, Client Partner at Future Market Insights

How Key Players are Revolutionizing the Pet Dietary Supplement Market?

Key players drive a transformative revolution in the ever-evolving pet dietary supplement market. These industry leaders recognize the growing demand for pet health and wellness, resulting in a surge of 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, catering to health-conscious pet owners.

E-commerce platforms and personalized subscription services have also streamlined accessibility, making it easier for pet owners to find the right supplement. Combining science, consumer preferences, and accessibility, 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 an extensive product portfolio catering to diverse tastes and nutritional needs. From beloved confectioneries to wholesome cereals and infant nutrition, Nestle continues to innovate, ensuring quality and sustainability in every bite.
• Mars Incorporated tantalizes taste buds with a stellar product range, including iconic brands like Snickers, M&M’s, and Pedigree. Their commitment to quality and a wide range of treats for humans and pets alike ensures 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 crafted to support a healthier lifestyle, backed by quality and purity, offering vitality one bottle at a time.

More Insights Available

Future Market Insights offers an unbiased analysis of the pet dietary supplement market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the pet dietary supplement market, the report is segmented on the basis of Product Type (Glucosamine, Probiotics, Multivitamins, Omega-3 fatty acids and Others), Application (Joint Health, Digestive Health, Weight Management, Skin and Coat Health, Dental Care and Others), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

Scope of Report:

Attribute	Details
Estimated Market Size in 2023	US$ 4,269.1 million
Projected Market Valuation in 2033	US$ 8,288.4 million
Value-based CAGR 2023 to 2033	7.3	%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value in US$ million
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East & Africa
Key Market Segments Covered	Product Type Application Region
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Russia Poland Czech Republic	Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel
Key Companies Profiled	Nestle SA Mars Incorporated NOW Foods Blue Buffalo Co. Ltd. Ark Naturals Virbac	Novotech Nutraceuticals, Inc. Zoetis PetAg, Inc. VetClassics GNC

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Pet Dietary Supplement Market Segmentation:

By Product Type:

• Glucosamine
• Probiotics
• Multivitamins
• Omega 3 fatty acids
• Others

By Application:

• Joint Health
• Digestive Health
• Weight Management
• Skin and Coat Health
• Dental Care
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia & Pacific
• East Asia
• The Middle East & Africa