Veterinary Dietary Supplements Market to Grow with a CAGR of 8.75% through 2029F
Rising
pet ownership rates is expected to drive the Global Veterinary Dietary
Supplements Market growth in the forecast period, 2025-2029
According
to TechSci Research report, “Veterinary Dietary Supplements Market – Global
Industry Size, Share, Trends, Competition Forecast & Opportunities,
2029F”, the Global Veterinary Dietary Supplements Market stood at USD 2.12
billion in 2023 and is anticipated to grow with a CAGR of 8.75% in the forecast
period through 2029. The rising prevalence of health issues and disorders in
companion animals, livestock, and equines is driving the demand for veterinary
dietary supplements. Conditions such as arthritis, joint pain, digestive
disorders, skin allergies, and age-related ailments are becoming more common
across different animal species. The growing awareness of animal nutrition is
significantly boosting the Global Veterinary Dietary Supplements Market,
reflecting a shift towards proactive and preventive healthcare practices for
animals. Pet owners, livestock farmers, and equine enthusiasts are increasingly
recognizing the pivotal role that nutrition plays in maintaining optimal health
and well-being in animals of all species. This heightened awareness has led to
a surge in demand for veterinary dietary supplements tailored to address specific
nutritional needs and support various physiological functions. One of the key
drivers behind the growing awareness of animal nutrition is the dissemination
of knowledge and information by veterinarians, animal nutritionists, and pet
care professionals. These experts play a crucial role in educating pet owners
and livestock farmers about the importance of providing balanced diets and
supplementation to meet animals' nutritional requirements. Through
consultations, seminars, publications, and online resources, they impart
valuable insights into the nutritional needs of different animal species and
the potential benefits of dietary supplements in filling nutritional gaps and
addressing specific health concerns.
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"Global Veterinary Dietary Supplements Market”
Advancements in scientific research have shed light on the intricate
relationship between nutrition and animal health, further fueling awareness and
interest in animal nutrition. Studies exploring the impact of dietary factors
on immune function, digestive health, joint health, skin and coat condition,
and overall vitality have underscored the significance of optimal nutrition in
preventing diseases and promoting longevity in animals. As a result, pet owners
and livestock farmers are increasingly prioritizing nutritionally balanced
diets supplemented with veterinary dietary supplements to optimize their
animals' health outcomes.
The proliferation of pet-centric media platforms, online forums, and social
media channels has facilitated the dissemination of information about animal
nutrition to a broader audience. Pet owners and animal enthusiasts have access
to a wealth of educational resources, product reviews, and user testimonials,
empowering them to make informed decisions about their animals' diets and
supplementation regimen. This democratization of information has contributed to
a more discerning consumer base that actively seeks out high-quality dietary
supplements formulated with premium ingredients and backed by scientific
evidence.
The
Global Veterinary Dietary Supplements market is segmented into distribution channel, application,
type, dosage
form, regional distribution, and company.
Based
on the dosage form, gummies and chewables segment emerged as the dominant
segment in the Global Veterinary Dietary Supplements Market in 2023. Gummies
and chewables offer a convenient and enjoyable way to administer dietary
supplements to animals, particularly companion animals such as dogs and cats.
The appealing taste, texture, and format of gummies and chewables make them
more palatable and easier to administer compared to traditional dosage forms
such as tablets or capsules. This is especially beneficial for pet owners
dealing with picky eaters or animals that resist taking supplements, as gummies
and chewables are often perceived as treats rather than medications. The growing trend of pet humanization has led to increased demand
for products that offer a closer resemblance to human healthcare standards. The chewable
format allows for slower consumption, enabling better absorption of nutrients
and maximizing the effectiveness of the dietary supplements. This is
particularly important for supplements containing heat-sensitive or
water-soluble ingredients that may degrade or be excreted before absorption
occurs. Manufacturers are increasingly focusing on developing
gummies and chewables with innovative formulations and flavors to cater to the
diverse preferences and needs of consumers. This includes supplements tailored
to address specific health concerns or formulated with natural and organic
ingredients to appeal to health-conscious pet owners.
Based
on the Distribution Channel, offline channel segment emerged as the dominant
segment in the Global Veterinary Dietary Supplements Market in 2023. Offline
channels, such as veterinary clinics, pet specialty stores, and
brick-and-mortar retailers, offer a personalized and hands-on shopping
experience for consumers. Pet owners and caregivers often prefer to consult
with veterinarians or knowledgeable staff members in-store to seek advice on
selecting the most suitable dietary supplements for their animals' specific
needs. This personalized guidance and assistance enhance consumer confidence
and trust in the products being recommended, thereby driving sales through
offline channels. Offline
distribution channels provide immediate access to products, allowing consumers
to purchase dietary supplements conveniently during their visits to veterinary
clinics or pet stores. This instantaneous availability eliminates the need for
shipping and delivery times associated with online purchases, making offline
channels particularly attractive for consumers seeking immediate solutions to
their animals' health concerns.
North
America emerged as the dominant region in the Global Veterinary Dietary
Supplements Market in 2023, holding the largest market share. North America is
home to a highly developed veterinary healthcare infrastructure, comprising a
vast network of veterinary clinics, hospitals, and specialty pet retailers.
This extensive distribution network ensures widespread availability and
accessibility of veterinary dietary supplements across the region, facilitating
market penetration and driving sales growth. The presence of
leading manufacturers, research institutions, and regulatory agencies
specializing in animal health and nutrition contributes to North America's
dominance in the global veterinary supplements market.
Major
companies operating in Global Veterinary Dietary Supplements Market are:
·
Boehringer Ingelheim International GmbH..
·
Virbac S.A
·
Ark Naturals Company
·
Beaphar Group
·
FoodScience LLC
·
NOW Health Group, Inc
·
Nutramax Laboratories, Inc.
·
Nutri-Pet Research, Inc.,
·
Canna Companion
·
Nestle S.A.
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“The
Global Veterinary Dietary Supplements Market is poised for significant growth
in the coming years. There is a growing demand for natural and organic dietary
supplements as pet owners increasingly seek products with clean labels, free
from artificial additives, preservatives, and genetically modified organisms
(GMOs). This shift towards healthier options reflects a broader trend of pet
humanization and the prioritization of pet well-being. E-commerce platforms are
becoming a significant sales channel for veterinary dietary supplements. The
convenience of online shopping, combined with the extensive variety of
available products and subscription services, is driving market growth. Pet
owners appreciate the ease of accessing specialized supplements and the ability
to set up automatic deliveries, ensuring consistent care for their pets. This
trend towards online purchasing is reshaping the veterinary dietary supplements
market, making it more accessible and tailored to consumer preferences”, said
Mr. Karan Chechi, Research Director, TechSci Research, a research-based
management consulting firm.
“Veterinary Dietary Supplements Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Distribution Channel (Pet Specialty Stores, Retail, Others, Online/ E-commerce, Offline), By Application (Joint Health Support, Calming/ Stress/ Anxiety, Digestive Health, Energy and Electrolytes, Immunity Support, Skin & Coat Health, Others), By Type (Omega 3 Fatty Acids, Proteins & Peptides, Cannabidiol (CBD), Multivitamins & Minerals, Probiotics & Prebiotics, Others), By Dosage Form (Tablets & Capsules, Gummies & Chewables, Powders, Liquids, Others) Region and Competition, 2019-2029F”,
has evaluated the future growth potential of Global Veterinary Dietary
Supplements 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 Veterinary Dietary
Supplements Market.
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