The Pet Dietary Supplements Market is being driven by Rising pet adoption globally
The Pet Dietary Supplements Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1256.8 million. Players in the global pet dietary supplements market are capitalizing on the opportunities presented by omnichannel retailing to maximize product exposure. By employing a multi-channel distribution strategy, companies sell their offerings through both brick-and-mortar retail stores and online platforms. Notably, e-commerce sales have surged in recent years, prompting brands to prioritize enhancing customer experiences on their shopping portals. This includes analyzing consumer buying trends and personalizing online shopping journeys to foster engagement and loyalty. Amazon, a leading e-commerce platform, has experienced significant growth in pet dietary supplement sales, making it an essential channel for market participants.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
208 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
Market growth 2025-2029 |
USD 1256.8 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
6.1 |
Key countries |
US, Germany, UK, China, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Pet Dietary Supplements Market encompasses a range of products for Animals, including Pills, Powders, and Liquids, designed for Dogs and Cats. With pet humanization on the rise and an increasing Pet population, demand for Pet Supplements, such as Anti-stress and Anti-anxiety supplements, Arthritis remedies, and treatments for conditions like Canine Parvovirus, Distemper, Diabetes mellitus, and Hemp oil derived from Cannabis, is soaring. Online shopping offers Affordable products, including Vitamins, Minerals, Herbs, Botanicals, Enzymes, Joint supplements, and Cartilage, making them accessible to pet owners worldwide.
The Pet Dietary Supplements Market encompasses businesses engaged in the production and distribution of pills, powders, liquids, treats, and other forms of supplements for dogs, cats, and other animals. According to Technavio, the market's size is determined by the consolidated revenue of participating vendors. This market segment does not include equipment manufacturers or producers of packaged alcoholic and non-alcoholic beverages. The Pet Dietary Supplements Market expansion will be fueled by the humanization of pets, increasing pet population, and the demand for natural ingredients. Key product trends include private label brands, functional ingredients such as turmeric, hemp-derived CBD, and adaptogens, as well as chewables and multivitamins. Consumers prioritize these supplements for their pets due to their perceived health benefits, which include improved joint health, immune system support, and stress relief.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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