Pet Dietary Supplement Market Growth Assessment, Future Trends, and Business Opportunities
27 June 2019, Global pet
dietary supplements market is expected
to witness considerable growth in the coming years due to increasing awareness
for pet health and wellness. Pet dietary supplements are formulated food that
improve the nutritive balance for pets. These supplements strengthen the joints
of pets, protect and condition their skin and hair coat and develop their
digestive health. The supplements normally include chondroitin and glucosamine,
which helps in treating the common arthritis issue in animals.
Market is influenced by increasing awareness
among pet owners for avoiding unhealthy pet food products and inclination
towards products with prebiotic content. Easy availability of pet dietary
supplements in various retail stores is also expected to encourage the demand,
thereby boosting the market growth. Moreover, increasing authorizations of veterinary
supplements is also driving the market growth. Concerns for potential risks
related to pet dietary supplements is hindering the market growth.
Increasing disparity in clinical research and
claims is an emerging trend in pet dietary supplement market. Rise in number of
disorders in animals is challenging the pet dietary supplement market. Market
is categorized on the basis of pet type, product type, distribution channel,
and geography. On the basis of pet type, market is divided into horse, cat, dog
and others. Dog and cat segment is expected to lead the market owing to
increasing number of adoption.
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Based on supplement type, market is
divided into liver, joint health, skin and coat, kidney support, and
gastrointestinal tract. Skin and coat segment accounts for significant share of
the market due to the growing number of skin-related disorders. In terms of
distribution channel, the market is divided into online and offline. Online
segment hold a larger share of the pet dietary supplements market due to
increasing penetration of online sales.
Geographically, market is segmented as
North America, Latin America, Europe, Asia Pacific and Middle East &
Africa. North America is expected to dominate the market owing to increase in
demand for quality and nutritious supplements. Asia Pacific and Europe are also
expected to lead the pet dietary supplements industry owing to government
regulations for quality health of pet animals.
The prominent players in pet dietary
supplements market include Nutri-Pet Research, Nutramax Laboratories, Ark
Naturals, NaturVet, Only Natural Pet, Beaphar, Bayer, Ayurvet, Kemin
Industries, Nestlé Purina Pet Care, Merial, NaturVet, NOW Foods, Virbac, Vetra
Animal Health, Novotech Neutraceuticals, Zoetis, NWC Naturals, VetriScience
Laboratories, WellPet, and Omega Protein.
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