The global pet supplements market is expected to grow from USD 4.31 billion in 2020 to USD 9.65 billion by 2030, at a CAGR of 4.82% during the forecast period 2021-2030.
The increasing health consciousness among pet owners, growing pet adoption, and rising demand for natural pet supplements are some of the major factors driving the growth of the pet supplements market.
Pet supplements are nutritional supplements that are designed to provide extra nutrition for the overall well-being of pets. These supplements are used to fill nutritional gaps in the pet’s diet. Pet supplements are usually available in the form of tablets, capsules, powders, liquids, and others. These supplements provide essential nutrients such as vitamins, minerals, amino acids, fatty acids, enzymes, and proteins to pets. The increasing demand for pet supplements is driven by rising health awareness among pet owners and the growing trend of pet adoption.
The pet supplements market is segmented by type, form, and region. By type, the market is divided into vitamins, minerals, amino acids, fatty acids, enzymes, proteins, and others. By form, the market is divided into powder, tablets, capsules, liquids, and others. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America is expected to dominate the global pet supplements market owing to the presence of a large number of pet owners in the region. The growing awareness about the health benefits associated with pet supplements is driving the demand for these products in the region. The increasing disposable income of pet owners is also driving the growth of the pet supplements market in the region.
Europe is expected to witness significant growth during the forecast period. The increasing demand for pet food and pet supplements in the region is driving the growth of the pet supplements market. The growing popularity of pet accessories and pet health products is also boosting the demand for pet supplements in the region.
Asia Pacific is expected to witness significant growth during the forecast period. The increasing disposable income of pet owners in the region and the growing demand for pet supplements are driving the growth of the pet supplements market in the region. The growing awareness about pet health supplements is also boosting the demand for pet supplements in the region.
The major players in the pet supplements market are Mars Petcare, Nestle Purina Petcare, Royal Canin, Hill’s Pet Nutrition, and Petguard. These companies are focusing on introducing innovative pet supplements to meet the changing needs of pet owners.
