Global Dog Nutrition Supplements Market - 2023-2030

Market Overview

The global dog nutrition supplements market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 4.2% during the forecast period (2023-2030).

Dogs need vitamins and minerals for the growth. There are various types of supplements available in the market which helps to support dog health. These supplements are good for the brain health, gut health, heart, skin and coat and joint health. Supplements also helps to boost immunity of the dog. Increase in the consumers focused on the health of their dogs. Rising pet dog population worldwide helps to boost market growth in the forecast period. Increase in the disposable income of the consumers helps to increase sales of the dog nutritional supplements. Pet owners believe that pet and childrens require same care thatswhy dogs are treated good.

Market Dynamics

The increasing global dog population drives the market growth

According to the simply insurance data, in 2021, There are more than 900 million dogs and counting around the world. The increasing trend of having a pet and the increased population of dogs drives the market growth. Growing demand for dogs for companionship and security also increases pets' health awareness and drives the dog nutrition supplements market. The increase in the number of old-age couples and dual-income parents with no kids in the family preferred the adoption of dogs, creating pamper in the dog nutrition supplement market.

Increase in pet humanization and their health awareness helps to boost market growth

Pet humanization influencing purchasing decisions, changing consumers' perceptions towards pet health, changing demographics, and increasing product differentiation are the key drivers for market growth. An American Veterinary Medical Association survey found that expenditure toward veterinary and pet health care has seen a 40% rise in recent years. It is due to the growing human-animal bond, which defines consumers' willingness to spend for their pets. The country's demand for pet healthcare insurance will also support the argument.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global dog nutrition supplements market is segmented based on type, application, distribution channel and region.

Owing to shelf life and easy handling, powder form accounted largest market share in the market

Increase in the consumers awareness about dog supplements and their health benefits creates new opportunities for the powder form of nutritional supplements for the dogs. Also, increase in the product launches by the major key players helps to boost segmental growth in the forecast period. For instance, in January 2023, TEEF for Life, a prebiotic pet dental brand launched two new supplements for the dogs in the market which helps to promote oral health in pets. Protektin42 target the root cause of gum disease, cavities and bad breath in dogs.It is available in the powder form. Other product is Protektin30 which is also available in the powder form and specialized for the dogs.

Geographical Analysis

The strong presence of major players and increased awareness about the dog health in North America

North America accounted largest market share due to the increasing disposable income of the consumers and awareness about dog health. United States and Canada are the major share holding countries in the region. Around one third of the dogs in the united States are fed essential vitamins through supplements that are very helpful to assist arthritis joints and minimizing shedding through fatty acids. Supplements contains various types of vitamins that are useful to cure various health diseases which is the major region to increased demand in the region.Also, major key players in the region focusing on the new product launches and follows merger and acquisition strategy which helps to boost regional growth.

Competitive Landscape

The major global players in the market include Bayer AG, PetHonesty, Honest Paws, Zenwise, Dechra Pharmaceuticals Plc, NOW Foods, Nestle Purina Petcare, Kemin Industries, Novotech Nutraceuticals and Kemin Industries Inc.

Why Purchase the Report?

• To visualize the global dog nutrition supplements market segmentation based on type, application, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of dog nutrition supplements market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global dog nutrition supplements market report would provide approximately 53 tables, 54 figures and 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors
• Research Professionals
• Emerging Companies