Future Outlook of the Veterinary Dietary Supplements Market: Growth, Trends, and Emerging Opportunities Explored
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What fueled the previous growth in the veterinary dietary supplements market?
In recent times, there has been significant growth in the market size of veterinary dietary supplements. The market, which is projected to expand from $2.41 billion in 2024 to $2.63 billion in 2025, is anticipated to have a compound annual growth rate (CAGR) of 9.2%. The enlargement during the historic era can be ascribed to factors such as elevated pet ownership, guidance from veterinary professionals, pets being treated as family members, awareness around pet obesity, accessibility of specific formulations, and progression in the science of pet nutrition.
What will be the veterinary dietary supplements market size in the future?
Over the upcoming years, the veterinary dietary supplements market is predicted to experience significant expansion, anticipated to reach $4.08 billion in 2029 at a compound annual growth rate (CAGR) of 11.6%. The factors contributing to this increase during the projected period include personalized nutrition solutions, rising pet populations, the growth of e-commerce, heightened focus on certain health conditions, an escalation in preventative healthcare expenditures, innovations in nutraceuticals, and an ingrained approach to holistic pet care. Key developments expected within the forecasted timeline encompass the use of natural and organic components, widened distribution channels, joint health supplements catered to senior pets, increased investment in research and development for animal nutrition, stringent regulatory compliance and standards, along with collaborations and partnerships.
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What main drivers are fueling expansion in the veterinary dietary supplements market?
The anticipated rise in the number of companion and livestock animals is predicted to drive growth in the veterinary dietary supplements market. Dogs, cats, and other animals that can be easily provided with physical, emotional, behavioral, and social needs come under the classification of companion animals. Livestock animals are domesticated animals used in agricultural practices for laboring and producing commodities, such as bovines. Veterinary dietary supplements offer a high-nutrient diet to companion and livestock animals, facilitating their ideal growth and development. In a report from the USDA Economic Research Service (a US government agency) in February 2022, it was stated that the livestock population in America consists of about 91.9 million beef/cattle, 5.06 million lamb/sheep, and pork exports are projected to reach $8.88. This boost in the population of companion and livestock animals is, consequently, fostering the expansion of the veterinary dietary supplements market.
What key areas define the segmentation of the global 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
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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, Virbac, Ark Naturals, Beaphar, FoodScience LLC, Nutri-Pet Research Inc., Canna Companion, Nestle S.A., Nutramax Laboratories Inc., Zydus Animal Health and Investments Limited, Krka d.d. Novo mesto, Animalcare Limited, Ourofino Saúde Animal, Eco Animal Health Group PLC, VetriScience Laboratories, Vetoquinol, Kyoritsu Seiyaku Corporation, Bayer Animal Health, Dechra Pharmaceuticals PLC, Heska Corporation, Mars Incorporated, Norbrook Laboratories Limited, Zoetis Inc., Bioiberica S.A.U., Bimeda Inc.
How are evolving market trends shaping veterinary dietary supplements Strategies?
Prominent entities in the veterinary dietary supplements market are focusing on product innovation, like wellness supplements, to deliver trustworthy services to their clientele. Wellness Supplements are the premier line of pet supplements devised to bolster a dog’s health and wellbeing, available in five distinct varieties. For example, in January 2023, Wellness Pet Company, an American pet food company, unveiled Wellness Supplements. These supplements come in five different formulas – move, calm, shield, belly, and shine health supplements. Wellness Supplements are made with top-tier ingredients and come in a variety of delicious flavors. These supplements are geared towards promoting healthy digestion, a robust immune system and combating seasonal allergies, and maintaining healthy skin and coat for dogs.
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Which regions are emerging as leaders in the veterinary dietary supplements market?
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.
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