According to the latest report by IMARC Group, titled “Pet Supplement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global pet supplement market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Pet supplements are widely utilized to provide essential nutrients to pets. Prepared using plant and animal extracts, they are essential in compensating for various nutritional deficiencies, such as phosphate, minerals, calcium and vitamins, among pets. Also, their consumption helps in improving the immune system, reducing the risks of cancer, inflammation, skin infections and arthritis, and ensuring their overall development.
The global market is primarily driven by the rising trend of pet humanization among the masses. Along with this, the rising income levels of individuals and the increasing concerns regarding pet health among pet parents are also providing a boost to the sales of premium and fortified supplements. Some of the other factors contributing to the market growth include the easy availability of pet supplements across online and offline organized retail channels, rising number of pet owners, and the growing investments by manufacturers to introduce safe and effective product variants.
Pet Supplement Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global pet supplement market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Ark Naturals Company
- Elanco Animal Health Incorporated
- Boehringer Ingelheim International GmbH
- FoodScience Corporation
- Kemin Industries Inc.
- Nestlé S.A.
- Novotech Nutraceuticals Inc.
- NOW Foods
- Nutramax Laboratories Inc.
- VetriScience Laboratories
- Virbac
- Zoetis Inc.
Key Market Segmentation:
The report has segmented the global pet supplement market on the basis of pet type, distribution channel, source, application and region.
Breakup by Pet Type:
- Dogs
- Cats
- Others
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Source:
- Organic
- Conventional
Breakup by Application:
- Multivitamins
- Skin and Coat
- Hip and Joint
- Prebiotics and Probiotics
- Calming
- Others
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/pet-supplement-market
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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