Press Release

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.

           

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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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