How Will the Veterinary Dietary Supplements Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How Will the Veterinary Dietary Supplements Market Grow Over the Forecast Period Based on Its Expected CAGR?
In recent times, there has been significant growth in the market size of veterinary dietary supplements. This market, valued at $2.41 billion in 2024, is expected to expand to $2.63 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%. The previous growth patterns can be linked to an increase in pet ownership, suggestions from veterinarians, the humanization of pets, awareness about pet obesity, the availability of bespoke formulations, and developments in the science of pet nutrition.
It is anticipated that the market size of veterinary dietary supplements will experience a swift expansion in the upcoming years, reaching $4.08 billion by 2029 with an 11.6% Compound Annual Growth Rate (CAGR). The reasons behind this growth during the predicted period include the adoption of personalized nutrition solutions, an increase in the pet population, further development of e-commerce, a concentration on specific health ailments, a surge in the outlay for preventive healthcare, novel developments in nutraceuticals, and a comprehensive pet care approach. The prominent trends during the forecast period would encompass natural and organic ingredients, proliferation of distribution channels, supplements for joint health in aging pets, continued research and development in animal nutrition, compliance with regulatory norms and standards, along with alliances and partnerships.
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the veterinary dietary supplements Market?
The anticipated surge in the number of companion and livestock animals is projected to stimulate the veterinary dietary supplements market. Companion animals refer to domesticated creatures whose physical, emotional, behavioral, and social needs can be conveniently fulfilled, such as dogs, cats, and others, while livestock animals denote domesticated creatures bred in an agricultural context for labor and commodity production, like bovine. In both companion and livestock animals, veterinary dietary supplements act as a potent source of a nutrient-rich diet required for the animal’s appropriate growth and development. For example, the USDA Economic Research Service (ERS), a government agency in the US, reported in February 2022 that the livestock population in the United States comprised approximately 91.9 million beef/cattle, 5.06 million lamb/sheep while total pork exports were anticipated to hit $8.88. Consequently, the rising population of companion and livestock animals is triggering the expansion of the veterinary dietary supplements market.
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Who Are the Dominant Players Expanding Their Reach in the Veterinary Dietary Supplements Market?
Major companies operating in the veterinary dietary supplements market are:
• C H Boehringer Sohn AG & Co KG_x000D_
• Virbac_x000D_
• Ark Naturals_x000D_
• Beaphar_x000D_
• FoodScience LLC_x000D_
What Are the Top Trends Shaping the Evolution of the Veterinary Dietary Supplements Market?
The focus of key players in the veterinary dietary supplements market has shifted towards innovation, with an emphasis on wellness supplements, to better serve their clients. These forefront pet supplements are tailored to enhance the overall health and wellness of dogs and are obtainable in five diverse types. For example, the US-based pet food enterprise, Wellness Pet Company, introduced Wellness Supplements in January 2023. The Wellness Supplements range comprises five specific types: move health supplements, calm health supplements, shield health supplements, belly health supplements, and shine supplements. Each supplement is packed with exceptional ingredients and a variety of delicious flavours. They are designed to foster a healthy digestive system, robust immune functionality, seasonal allergies control, and promote dog’s skin and coat health.
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Which Key Segments Stand Out in Understanding the Composition of the Veterinary Dietary Supplements Market?
The veterinary dietary supplements market covered in this report is segmented –
1) By Type: Omega 3 Fatty Acids, Proteins And Peptides, CBD, Multivitamins And Minerals, Probiotics And Prebiotics, Other Types (Antioxidants)
2) By Dosage Form: Tablets And Capsules, Gummies And Chewables, Powders, Liquids, Other Dosages (Injectables, Paste)
3) By Distribution Channel: Online Or E-commerce, Offline
4) By Application: Joint Health Support, Calming Or Stress Or Anxiety, Digestive Health, Energy And Electrolytes, Immunity Support, Skin And Coat Health, Other Applications (Kidney, Urinary Tract, Liver, Cardiovascular, Weight Management)
Subsegments:
1) By Omega 3 Fatty Acids: Fish Oil, Flaxseed Oil, Algal Oil
2) By Proteins And Peptides: Whey Protein, Casein Protein, Pea Protein, Collagen Peptides
3) By CBD: CBD Oil, CBD Treats, CBD Capsules
4) By Multivitamins And Minerals: Complete Multivitamins, Specific Mineral Supplements, Herbal Blend Formulations
5) By Probiotics And Prebiotics: Probiotic Powders, Probiotic Chews, Prebiotic Fibers
6. By Other Types (Antioxidants): Vitamin E, Coenzyme Q10, Green Tea Extract, Selenium
Which Regions Are Setting the Pace for Veterinary Dietary Supplements Market Growth?
Asia-Pacific was the largest region in the veterinary dietary supplements market in 2024. The regions covered in the veterinary dietary supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Defines the Scope of the Veterinary Dietary Supplements Market?
Veterinary dietary supplements are highly nutritious animal products containing one or more nutrients or active ingredients such as vitamins, minerals, botanicals (natural products), and others intended to supplement the diet. These are used to supplement the animal diet, which acts as complementary and alternative medicine (CAM) to provide health benefits and well-being for animals.
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