The Pet Supplement Market research report classifies the market trends relevant to the supply, requirement, and arrangement, at any rate, the new events. The report highlights huge drivers, restrictions and positive chances to give a definite image of the market. The Pet Supplement Market research report gives complete details about the profitable emerging markets and examines insights into the markets' developing section. Furthermore, the Pet Supplement Market research report gives a complete evaluation of market shares, approaches, products, verification, regulatory approvals, copyright aspect, and manufacturing proficiency of the leading players.
Pet Supplement Market, by Pet Type (Dogs, Cats), Distribution Channel (Offline, Online) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Pet Supplement Market Overview
The global Pet Supplement market size is projected to reach USD 2.2 billion by 2026 at a CAGR of 6.3% from USD 1.7 billion in 2021 during the forecast period 2021-2028.
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The increased awareness amongst pet owners is some of the factors that have supported long-term expansion for Pet Supplement Market.
The COVID-19 pandemic has led to an increased awareness about pet health amongst people and now the owners have started paying more attention towards the same.
Pet Supplement Market Regional Analysis
North America is expected to be the largest market during the forecast period. The increasing number of pet owners along with the increased awareness regarding the wellbeing of the pet have led to growth in the pet supplement in the region.
Pet Supplement Market Competitive Landscape
Key Players
• Nestlé Purina Petcare
• Food Science Corporation
• Ark Naturals
• NOW Foods
• Virbac
• Kemin Industries, Inc.
• Novotech Nutraceuticals, Inc.
• Zoetis Inc. (Platinum Performance)
• Bayer AG
• PetHonesty
• Nutramax Laboratories, Inc.
• Manna Pro Products, LLC
• Honest Paws
• Garmon Corporation
• Zenwise
• Only Natural Pet
• Dechra Pharmaceuticals PLC
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Recent Developments in the Pet Supplement Market
• Bayer has completed the sale of its Animal Health business unit to U.S. company Elanco Animal Health Incorporated. The companies had signed an agreement to this effect in August of last year. The transaction was completed after fulfillment of the closing conditions, including the receipt of regulatory approvals.
• Vestar Capital Partners, a leading U.S. middle-market private equity firm, announced today that it has agreed to make a majority investment in PetHonesty (or "the Company"), a trusted leader in premium pet health products providing high-quality, innovative pet supplements.
Reasons to Acquire Pet Supplement Market Report
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Pet Supplement market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Pet Supplement Market is segmented into Pet type, distribution channel and geography.
On the basis of Pet Type
Dogs
Cats
Others
On the basis of Distribution Channel
Offline
Online
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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