Animal Chewables Market to Grow with a CAGR of 10.10% through 2028
Heightened awareness of pet health, convenience, and
the humanization of pets are expected to drive the Global Animal Chewables Market
growth in the forecast period, 2024-2028
According to TechSci Research report, “Animal
Chewables Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Animal Chewables Market stood
at USD 135.30 million in 2022 and is anticipated to grow with a CAGR of 10.10%
in the forecast period, 2024-2028. This can be attributed to veterinarian
recommendations. Veterinarians play a crucial role in guiding pet owners toward
the right products for their pets. Many veterinary professionals recommend
specific chewables to address various health concerns, enhancing consumer
confidence and driving market growth.
Moreover, the growth of e-commerce has reshaped how
consumers shop for pet products, including animal chewables. Online retail is
expected to continue dominating the distribution of pet products due to its
convenience and vast product selection.
Browse over XX market data Figures spread
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Chewables Market”
Market dynamics are shaped by various factors,
including the expansion of livestock populations and the growing number of
individuals who own pets and companion animals. These trends emphasize the
importance of maintaining the health and nutrition of animals. Additionally,
increasing awareness regarding the positive health impacts associated with the
consumption of animal chewables plays a significant role in propelling market
growth. Nevertheless, there are constraints to consider, such as regulatory demands,
product recalls, and the potential for adverse side effects.
The Global Animal Chewables Market is segmented into composition
type, drug, distribution channel, regional distribution, and company
Based on its composition type, the Chemically
Synthesized segment is poised to capture a substantial market share during the
forecast period within the Global Animal Chewables Market for several
compelling reasons. Firstly, advancements in chemical synthesis techniques have
led to the development of highly effective and precisely formulated chewable
products, ensuring consistent quality and efficacy. Additionally, chemically
synthesized chewables often offer a more cost-effective solution compared to
natural alternatives, making them an attractive option for both consumers and
manufacturers. Furthermore, the ability to tailor specific ingredients and
dosages in chemically synthesized chewables allows for greater versatility in
meeting diverse nutritional and therapeutic needs for various animal species.
As a result, this segment is expected to witness robust growth and maintain a
prominent position in the global animal chewables market in the coming years.
Based on distribution channel, the Veterinary
Pharmacies segment is poised to claim a substantial market share during the
forecast period within the Global Animal Chewables Market for several
compelling reasons. Firstly, the increasing awareness among pet owners about
the importance of veterinary guidance and prescription-based solutions is
driving them to seek specialized advice from veterinary professionals. This
trend not only promotes the use of animal chewables but also encourages pet
owners to purchase them through established veterinary pharmacies. Secondly,
veterinary pharmacies often stock a wide range of trusted and
veterinarian-recommended chewable products, instilling confidence in consumers
regarding product quality and safety. Additionally, these pharmacies offer the
convenience of one-stop shopping for pet owners, further propelling the growth
of this segment. As a result, the Veterinary Pharmacies segment is anticipated
to experience significant market growth and maintain a prominent position in
the global animal chewables market in the coming years.
Major companies operating in Global Animal
Chewables Market are:
- Allaccem Inc
- Bayer AG
- Boehringer Ingelheim GmbH
- Ceva Animal Health LLC
- Colgate-Palmolive Co
- Merck & Co., Inc.
- Nestle SA
- Zoetis Inc
- Dechra Veterinary Products Ltd
- Elanco Animal Health Inc
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“The Global Animal Chewables Market is evolving to
meet the changing needs and preferences of pet owners. The upcoming trends
reflect a growing emphasis on pet health, wellness, and sustainability. As the
market continues to innovate, more exciting developments in the years ahead, that
ultimately benefit both pets and their devoted owners can be anticipated.
Manufacturers and consumers alike should keep a close eye on these trends to
stay at the forefront of the pet care industry,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Animal Chewables Market By
Composition Type (Botanically Synthesized,
Chemically Synthesized), By Drug (Analgesics, Anti-Infective, Anti-Ulcers,
Minerals, Vitamins), By Distribution Channel (Online Veterinary Stores,
Veterinary Clinics, Veterinary Pharmacies), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Animal Chewables Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Animal Chewables Market.
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