Global Pet Calming Products Market Size study & Forecast, by Pet Type (Dog, Cat, Others), by Product (Food & Supplements, Snacks & Treats, Gel & Ointment, Spray & Mist, Others), by Distribution Channel (Online, Offline), by Type (Prescription, Over the counter), and Regional Analysis, 2023-2030
Global Pet Calming Products Market is valued at approximately USD 15.57 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2023-2030. Pet calming products are that help alleviate stress, anxiety, and fear in pets. These products can be particularly useful during car rides, vet visits, and separation anxiety. Due to the increasing trend of pet ownership, with pets being viewed as family members and companions, the pet-calming product market is expanding. However, the high cost of these products hamper the market growth.
Increasing pet ownership in developed and developing countries is driving the market. Petsecure has reported that the countries with the highest pet dog and cat populations include the U.S., China, Russia, and France. Americans alone spend over USD 50 billion annually on their pets. Additionally, many pet owners have started using high-end and luxury soothing solutions for their pets due to an increase in issues such as anxiety, aggression, and hyperactivity. According to a study published in the Journal of Feline Medicine and Surgery, pheromone-based calming products like diffusers and sprays are effective in reducing stress and anxiety in cats. This finding is driving demand and growth in the market for calming products. Furthermore, there is increasing demand for CBD-based and premium calming products for pets, creating immense opportunities in the market. However, stringent government regulations related to pet calming products stifle market growth during the forecast period of 2023-2030.
The key regions considered for the Global Pet Calming Products Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 due to rapid pet ownership trends in the region, leading to an increase in demand for pet-related products. According to a survey by the American Pet Products Association (APPA) in 2021, it is found that Americans spend over $123.6 billion on their pets. Asia Pacific is expected to grow significantly over the forecast period, as the younger population delays marriage and kids. As a result, the pet industry in this region is set to rise rapidly. Instead, many of them choose to raise pets, thereby creating a thriving pet economy. The China Pet Industry Association has reported that there were over 100.8 million pet dogs and cats in urban areas in 2020.
Major market player included in this report are:
GARMON CORP. (NaturVet)
Nestlé Purina Petcare
Virbac
NOW Foods
Zoetis Inc.
PetHonesty
Zesty Paws
THUNDERWORKS
PetIQ, LLC.
CEVA Animal Health (ADAPTIL)
Recent Developments in the Market:
In September 2022, PetHonesty partnered with Petco Health and Wellness Company to enter brick-and-mortar retail space, making their products available at over 1,500 locations in the U.S.
In September 2022, Zesty Paws launched three cat-specific products that include broad-spectrum hemp extract, melatonin, ashwagandha, and similar ingredients to promote calmness in cats. This helped Zesty Paws to expand its portfolio.
In August 2020, PetIQ acquired Capstar, an oral over-the-counter treatment product in the US. This acquisition helped to advance their position and would also help pet parents find affordable animal health products for their pets.
Global Pet Calming Products Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Pet Type, Product, Distribution Channel, Type, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Pet Type:
Dog
Cat
Others
By Product:
Food and Supplements
Snacks and Treats
Gel and Ointment
Spray and Mist
Others
By Distribution Channel:
Online
Offline
By Type:
Prescription
Over the counter
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies Mentioned
GARMON CORP. (NaturVet)
Nestlé Purina Petcare
Virbac
NOW Foods
Zoetis Inc.
PetHonesty
Zesty Paws
THUNDERWORKS
PetIQ, LLC.
CEVA Animal Health (ADAPTIL)
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.