PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1538621
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1538621
Global Veterinary Dietary Supplements Market Size study, by Animal Type, by Product Type, by Dosage Form, by Application, by Distribution Channel and Regional Forecasts 2022-2032
The Global Veterinary Dietary Supplements Market was valued at approximately USD 4.4 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.8% over the forecast period 2024-2032. Veterinary dietary supplements, designed for oral consumption by companion and livestock animals, are gaining traction due to increasing awareness among pet owners about animal healthcare. With pets being considered integral family members, there is a surging demand for preventive healthcare measures, including dietary supplements.
The market's growth is propelled by several key factors. Firstly, there is a rising prevalence of chronic diseases in animals, which has driven the development of specialized supplements addressing issues such as joint health, digestive health, and immune support. Advances in veterinary nutrition research have facilitated this development, leading to more effective and specialized supplements. Secondly, there is an increasing trend towards natural and holistic animal care solutions, which has boosted the demand for veterinary dietary supplements. Additionally, the expanding e-commerce platforms have simplified access to a diverse selection of dietary supplements, further driving market growth.
Moreover, the market witnessed surge in demand due to the growing aging pet population, which has led to an increased focus on supplements addressing age-related health issues such as joint stiffness, cognitive decline, and immune function. For instance, in February 2024, Animal Biosciences unveiled clinical findings on its Leap Years supplement for dogs, which effectively countered age-related decline, enhancing cognitive function. Such targeted solutions are anticipated to drive the demand for dietary supplements that meet specific health requirements. However, lack of standardized regulations and competition from alternative products are hampering the market growth.
The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. the North American market dominated in 2023, attributed to high levels of pet ownership, a strong culture of pet care, and advanced veterinary healthcare services. The U.S., in particular, benefits from robust R&D activities, leading to innovative supplement formulations tailored to specific animal health needs. The Asia Pacific region is poised for fastest growth due to increasing pet ownership, rising awareness of animal health, and a shift towards premium pet care products. Germany, a key player in the European market, is known for high pet ownership rates and a growing trend towards natural and holistic pet care solutions, further driving demand for dietary supplements.
Major market players included in this report are:
- ADM
- Ark Naturals
- Balchem Corp
- Blue Buffalo Pet Products Inc.
- Boehringer Ingelheim International GmbH
- dsm-firmenich
- Elanco Animal Health
- FOODSCIENCE
- Mars PetCare
- NaturVet
- Nestle
- Nutramax Laboratories Consumer Care, Inc.
- Nutri-Pet Research, Inc.
- Vetnique Labs
- Zoetis Inc.
The detailed segments and sub-segment of the market are explained below:
By Animal Type:
- Companion Animals
- Livestock Animals
By Product Type:
- Multivitamins & Minerals
- Omega-3 Fatty Acids
- Probiotics & Prebiotics
- Proteins & Peptides
- Cannabidiol (CBD)
- Antioxidants
- Other Product Types
By Dosage Form:
- Pills/Tablets
- Powders
- Chewables
- Liquids
- Other Dosage Forms
By Application:
- Joint Health Support
- Calming/Stress/Anxiety
- Digestive Health
- Weight Management
- Immunity Support
- Skin & Coat Health
- Other Applications
By Distribution Channel:
- Online
- Offline
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
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Veterinary Dietary Supplements Market Executive Summary
- 1.1. Global Veterinary Dietary Supplements Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Animal Type
- 1.3.2. By Product Type
- 1.3.3. By Dosage Form
- 1.3.4. By Application
- 1.3.5. By Distribution Channel
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Veterinary Dietary Supplements Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Veterinary Dietary Supplements Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing animal population & ownership rates
- 3.1.2. Rising prevalence of chronic conditions in animals
- 3.1.3. Growing pet aging population
- 3.2. Market Challenges
- 3.2.1. Lack of standardized regulations
- 3.2.2. Competition from alternative products
- 3.3. Market Opportunities
- 3.3.1. Expanding e-commerce platform
- 3.3.2. Growing investment in animal healthcare
- 3.3.3. Advancements in veterinary nutrition research
Chapter 4. Global Veterinary Dietary Supplements Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Veterinary Dietary Supplements Market Size & Forecasts by Animal Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Veterinary Dietary Supplements Market: Animal Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Companion Animals
- 5.2.2. Livestock Animals
Chapter 6. Global Veterinary Dietary Supplements Market Size & Forecasts by Product Type 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Veterinary Dietary Supplements Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Multivitamins & Minerals
- 6.2.2. Omega-3 Fatty Acids
- 6.2.3. Probiotics & Prebiotics
- 6.2.4. Proteins & Peptides
- 6.2.5. Cannabidiol (CBD)
- 6.2.6. Antioxidants
- 6.2.7. Other Product Types
Chapter 7. Global Veterinary Dietary Supplements Market Size & Forecasts by Dosage Form 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Veterinary Dietary Supplements Market: Dosage Form Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Pills/Tablets
- 7.2.2. Powders
- 7.2.3. Chewables
- 7.2.4. Liquids
- 7.2.5. Other Dosage Forms
Chapter 8. Global Veterinary Dietary Supplements Market Size & Forecasts by Application 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global Veterinary Dietary Supplements Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Joint Health Support
- 8.2.2. Calming/Stress/Anxiety
- 8.2.3. Digestive Health
- 8.2.4. Weight Management
- 8.2.5. Immunity Support
- 8.2.6. Skin & Coat Health
- 8.2.7. Other Applications
Chapter 9. Global Veterinary Dietary Supplements Market Size & Forecasts by Distribution Channel 2022-2032
- 9.1. Segment Dashboard
- 9.2. Global Veterinary Dietary Supplements Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 9.2.1. Online
- 9.2.2. Offline
- 9.2.2.1. Veterinary Pharmacies
- 9.2.2.2. Pet Specialty Stores
- 9.2.2.3. Other Offline Channels
Chapter 10. Global Veterinary Dietary Supplements Market Size & Forecasts by Region 2022-2032
- 10.1. North America Veterinary Dietary Supplements Market
- 10.1.1. U.S. Veterinary Dietary Supplements Market
- 10.1.1.1. Animal Type breakdown size & forecasts, 2022-2032
- 10.1.1.2. Product Type breakdown size & forecasts, 2022-2032
- 10.1.1.3. Dosage Form breakdown size & forecasts, 2022-2032
- 10.1.1.4. Application breakdown size & forecasts, 2022-2032
- 10.1.1.5. Distribution Channel breakdown size & forecasts, 2022-2032
- 10.1.2. Canada Veterinary Dietary Supplements Market
- 10.1.1. U.S. Veterinary Dietary Supplements Market
- 10.2. Europe Veterinary Dietary Supplements Market
- 10.2.1. UK Veterinary Dietary Supplements Market
- 10.2.2. Germany Veterinary Dietary Supplements Market
- 10.2.3. France Veterinary Dietary Supplements Market
- 10.2.4. Spain Veterinary Dietary Supplements Market
- 10.2.5. Italy Veterinary Dietary Supplements Market
- 10.2.6. Rest of Europe Veterinary Dietary Supplements Market
- 10.3. Asia Pacific Veterinary Dietary Supplements Market
- 10.3.1. China Veterinary Dietary Supplements Market
- 10.3.2. India Veterinary Dietary Supplements Market
- 10.3.3. Japan Veterinary Dietary Supplements Market
- 10.3.4. Australia Veterinary Dietary Supplements Market
- 10.3.5. South Korea Veterinary Dietary Supplements Market
- 10.3.6. Rest of Asia Pacific Veterinary Dietary Supplements Market
- 10.4. Latin America Veterinary Dietary Supplements Market
- 10.4.1. Brazil Veterinary Dietary Supplements Market
- 10.4.2. Mexico Veterinary Dietary Supplements Market
- 10.4.3. Rest of Latin America Veterinary Dietary Supplements Market
- 10.5. Middle East & Africa Veterinary Dietary Supplements Market
- 10.5.1. Saudi Arabia Veterinary Dietary Supplements Market
- 10.5.2. South Africa Veterinary Dietary Supplements Market
- 10.5.3. Rest of Middle East & Africa Veterinary Dietary Supplements Market
Chapter 11. Competitive Intelligence
- 11.1. Key Company SWOT Analysis
- 11.1.1. Comapny 1
- 11.2. Top Market Strategies
- 11.3. Company Profiles
- 11.3.1. ADM
- 11.3.1.1. Key Information
- 11.3.1.2. Overview
- 11.3.1.3. Financial (Subject to Data Availability)
- 11.3.1.4. Product Summary
- 11.3.1.5. Market Strategies
- 11.3.2. Ark Naturals
- 11.3.3. Balchem Corp
- 11.3.4. Blue Buffalo Pet Products Inc.
- 11.3.5. Boehringer Ingelheim International GmbH
- 11.3.6. dsm-firmenich
- 11.3.7. Elanco Animal Health
- 11.3.8. FOODSCIENCE
- 11.3.9. Mars PetCare
- 11.3.10. NaturVet
- 11.3.11. Nestle
- 11.3.12. Nutramax Laboratories Consumer Care, Inc.
- 11.3.13. Nutri-Pet Research, Inc.
- 11.3.14. Vetnique Labs
- 11.3.15. Zoetis Inc.
- 11.3.1. ADM
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
