Global Dog Supplements Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Dogs need many of the same vitamins as people to stay healthy. The need for extra vitamins and other supplements becomes clear as puppies transition into full-bred adults and, later, as they develop health issues as they age. One of the most common reasons for supplements is joint pain. Coat issues, gastrointestinal problems, weight loss, inflammation and cognitive disorders are other reasons pets take supplements.
Market Overview:The latest research study on the global Dog Supplements market finds that the global Dog Supplements market reached a value of USD 1537.48 million in 2022. It’s expected that the market will achieve USD 2141.85 million by 2028, exhibiting a CAGR of 5.68% during the forecast period.
The production and sales of Dog Supplements are affected by Covid-19
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.
For the Dog Supplements industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.
The convenience of Internet and the development of e-commerce.
With the rapid development of e-commerce industry, many industries have developed the synchronous operation mode of online websites and offline stores, and Dog Supplements industry have joined in. Online sales websites reduce many business components, including employees, procurement costs, telephone calls, data input, and requirements for opening physical stores, thus reducing transaction costs; Business management becomes easier: compared with traditional physical store management, online sales websites are easier to record store inventory, transportation, logs and overall business transactions. Online sales website also provides real-time update function, which can explore all the latest business trends, communicate with customers in time, solve problems and improve customer satisfaction. Many dealers choose to receive goods online, and orders can be tracked and managed online. The convenience of Internet and the development of e-commerce have promoted the demand growth of Dog Supplements industry.
Competition in the industry is fierce
For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The Dog Supplements industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.
Region Overview:Geographically, North America held the largest market share – 46% in 2022.
Company Overview:Nestle Purina is one of the major players operating in the Dog Supplements market, holding a share of 4.65% in 2023.
Nestle Purina
Nestlé Purina Petcare, or simply Purina, is an American subsidiary of Nestlé, based in St. Louis, Missouri. It produces and markets pet food, treats and cat litter. Some of its pet food brands include Purina Pro Plan, Purina Dog Chow, Friskies, Beneful and Purina One.
Zesty Paws
Zesty Paws started in Orlando, FL in 2014. Through extensive research and a deep-seated passion for pet wellness, Zesty Paws® specializes in providing premium products that are formulated with one important goal in mind – to keep loving pets as strong as the bond they share with people. Zesty Paws is a company that focuses on making pet health attainable and enjoyable.
Segmentation Overview:As for product types, the Hip and Joint Care segment held the largest market share in 2022.
Application Overview:In the Dog Supplements market, 36.76% of the total value was generated through the Supermarket segment by application in 2022.
Key Companies in the global Dog Supplements market covered in Chapter 3:Vetafarm
Nestle Purina
Blackmores
Mavlab
Bayer
Nutramax Laboratories
Ark Naturals
Zesty Paws
Virbac
Foodscience Corporation
Nuvetlabs
Vetoquinol
Zoetis
NOW Foods
In Chapter 4 and Chapter 14.2, on the basis of types, the Dog Supplements market from 2018 to 2029 is primarily split into:Eye Care
Dental Care
Skin and Coat Care
Digestive Health
Allergy and Immune System Health
Hip and Joint Care
Brain and Heart Care
General Nutrition
Other
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Dog Supplements market from 2018 to 2029 covers:Supermarket
Chain Pet Care Store
Private Pet Care Shop (Veterinarian)
Online Store
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)