The global pet supplements market size is expected to be worth around US$ 4.30 billion by 2030, according to a new report by Vision Research Reports.
The global pet supplements market size was valued at US$ 2.47 billion in 2020 and is anticipated to grow at a CAGR of 7.9% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 4.30 billion by 2030 |
| Growth Rate | CAGR of 7.9% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Pet type, Distribution channel |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | 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. |
Growth Factors
Pet supplement sales soared as a result of increased consumer interest sparked by COVID-19, particularly in products that target immunity, anxiety, and overall wellness. When it comes to consumer buying patterns, joint health supplements are already at the top of the list, but hip and joint supplements are only one element of the senior pet health picture.
The growing numbers of aging dogs and cats are in need of an immune response, cardiac and cognitive support items, and anti-inflammatory and pain management aid, thanks to breakthroughs in veterinary treatment and pet owner interest in pet wellness and nutrition at an all-time high.
By Pet Type Analysis
the dogs segment accounted the market with a revenue share of over 47.0% in 2020. Dogs are the most popular pets in the world, with an incredibly high adoption rate. According to the American Pet Products Association’s 2019-2020 National Pet Owners Survey, 63.4 million households in the United States own a dog, with owners spending an average of USD 58 per year on dog vitamins.
vitamins and supplements may be given to around one-third of dogs and cats in the U.S. According to a 2006 study published in the Journal of the American Veterinary Medical Association, the most prevalent are multivitamins, supplements to assist arthritic joints, and fatty acids to minimize shedding and increase a coat’s gloss.
By Distribution Channel Analysis
The offline distribution channel segment led the market and accounted for a revenue share of more than 78.0%. For food and treats, pet owners have been gradually transitioning to online retail, but it wasn’t until 2020 that a fundamental shift toward online pet supplement commerce happened.
The availability of a wide range of worldwide brands, steep discounts, free delivery, and simple return policies are all enticing customers to shop. Online shops offer a diverse choice of products at varied rates, making it easier to suit the needs of a wide range of customers, particularly those on a budget.
By Regional Analysis
North America held the largest revenue share of over 40.0%. This regional market is being driven by an increase in the number of pet owners, the growing concerns over the wellbeing of pets, and increased knowledge among pet owners about various health hazards.
Key Players
Market Segmentation
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Pet Supplements Market, By Pet Type
7.1. Pet Supplements Market, by Pet Type, 2021-2030
7.1.1. Dogs
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Cats
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Pet Supplements Market, By Distribution Channel
8.1. Pet Supplements Market, by Distribution Channel, 2021-2030
8.1.1. Online
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Offline
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Pet Supplements Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.1.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.2.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Pet Type (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
Chapter 10. Company Profiles
10.1. Nestlé Purina Petcare
10.1.1. Company Overview
10.1.2. Pet Type Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Food Science Corporation
10.2.1. Company Overview
10.2.2. Pet Type Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Ark Naturals
10.3.1. Company Overview
10.3.2. Pet Type Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. NOW Foods
10.4.1. Company Overview
10.4.2. Pet Type Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Virbac
10.5.1. Company Overview
10.5.2. Pet Type Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Kemin Industries, Inc.
10.6.1. Company Overview
10.6.2. Pet Type Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Novotech Nutraceuticals, Inc.
10.7.1. Company Overview
10.7.2. Pet Type Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Zoetis Inc. (Platinum Performance)
10.8.1. Company Overview
10.8.2. Pet Type Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Bayer AG
10.9.1. Company Overview
10.9.2. Pet Type Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. PetHonesty
10.10.1. Company Overview
10.10.2. Pet Type Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
Glossary of Terms
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