Pet Dietary Supplements Market - By Product Type (Pills/Tablets, Chewables, Powders, Others), By Supplement type (Multivitamins, Probiotics and Prebiotics, Antioxidants, Proteins and Peptides, Glucosamine, Others), By Application, By Price Range, By Pet type, By Distribution Channel, Forecast 2024 - 2032
Global Pet Dietary Supplements Market will grow at a 5.6% CAGR from 2023 to 2032, propelled by a surge in product offerings and heightened awareness of pet health. As pet owners increasingly prioritize the well-being of their companions, the demand for a diverse range of nutritional supplements rises. With an expanding array of specialized products addressing specific health needs, coupled with a growing understanding of preventive pet care, the pet dietary supplements industry will witness substantial expansion.
For instance, in 2023, Arterra introduced an innovative dog supplement to set a new industry standard, and foster happier, healthier, and longer lives for dogs. The brand provides a range of advanced supplements meticulously crafted to combat aging and promote the overall well-being of canine companions. This launch strengthens the pet dietary supplements market by introducing cutting-edge formulations designed to enhance the well-being of pet animals, setting a new standard for quality and innovation in the industry.
The overall pet dietary supplements industry is segmented based on type of product, supplement, and region.
The powders segment will witness a substantial upswing by 2032, driven by the convenience and versatility of powdered supplements, making them easy to administer with pet food. Pet owners increasingly prefer powders for their pets' nutritional needs, contributing to the segment's growth. With a focus on providing essential vitamins, minerals, and other supplements in powdered form, this segment will play a pivotal role in meeting the diverse dietary requirements of pet animals.
The proteins and peptides segment will gain a considerable pet dietary supplements market share by 2032 due to the increasing awareness of the crucial role these nutritional components play in enhancing pets' health. As pet owners prioritize high-quality dietary supplements for their companions, the demand for proteins and peptides rises. With a focus on promoting overall well-being and addressing specific health needs, this segment will stand as a key driver in shaping the expanding pet dietary supplements market.
APAC pet dietary supplements industry will register a notable CAGR from 2023 to 2032, attributed to a growing pet population, increasing awareness about pet health, and a surge in disposable income across the region. As pet owners prioritize the well-being of their companions, the demand for nutritional supplements rises. With a thriving pet care industry, the APAC region will stand as a key contributor to the expanding market share for dietary supplements tailored to the health and nutrition of pets.