Pet Dietary Supplements Market to grow by $ 666 Million During 2020-2024 | 35% growth to come from Europe | Technavio

NEW YORK, May 17, 2021 /PRNewswire/ —
Technavio has been monitoring the pet dietary…

NEW YORK, May 17, 2021 /PRNewswire/ —

Technavio has been monitoring the pet dietary supplements market and it is poised to grow by USD 666.55 million during 2020-2024, progressing at a CAGR of about 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The report identifies the growing trend toward organic pet dietary supplements, the increasing use of healthy ingredients in pet dietary supplements, and omnichannel retailing as major trends in the market. However, increasing competition from functional and fortified pet food category might challenge growth.

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Frequently Asked Questions:

  • Based on segmentation by Application, which is the leading segment in the market?

    Based on the application, the market saw maximum growth in the joint-health segment, while the liver and kidney segment registered the least growth. The 2019 market position of all the applications segments will likely remain the same through 2024.
  • What are the major drivers in the market?

    The market is mainly driven by rising pet ownership. In addition, other factors such as pet humanization and increasing focus on health and wellness of pets, increasing focus on health and wellness of pets, and the launch of high-quality pet dietary supplements are also contributing to the growth of the market.
  • At what rate is the market projected to grow?

    The market is projected to grow at a CAGR of about 5% during the forecast period.
  • Who are the top players in the market?

    Ark Naturals Co., Beaphar Beheer BV, Boehringer Ingelheim International GmbH, FoodScience Corp., Kemin Industries Inc., Nestlé SA, NOW Health Group Inc., Nutramax Laboratories Inc., Nutri-Pet Research Inc., and Only Natural Pet are the top players in the market.

Related Reports on Consumer Staples Include:

Global Organic Pet Food Market – Global organic pet food market is segmented by Product (Dry organic food and Wet organic food), Type (Organic dog food, Organic cat food, and Others), and Geography (North America, Europe, APAC, South America, and MEA).

Download Exclusive Free Sample Report

Global Wet Pet Food Market – Global wet pet food market is segmented by product (wet cat food, wet dog food, and others), distribution channel, and geography (North America, Europe, APAC, South America, and MEA).

Download Exclusive Free Sample Report

The report offers detailed analysis on the impact of disruption threats by comparing disruptive sources and factors driving disruption

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ark Naturals Co., Beaphar Beheer BV, Boehringer Ingelheim International GmbH, FoodScience Corp., Kemin Industries Inc., Nestlé SA, NOW Health Group Inc., Nutramax Laboratories Inc., Nutri-Pet Research Inc., and Only Natural Pet are some of the major market participants. Although the rising pet adoption will offer immense growth opportunities, rising competition from functional and fortified pet food categories is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this pet dietary supplements market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Pet Dietary Supplements Market 2020-2024: Segmentation

Pet Dietary Supplements Market is segmented as below:

  • Application
    • Joint-health
    • Skin and Coat
    • Gastrointestinal Tract
    • Liver and Kidney
    • Others
  • Market Landscape
    • Dog
    • Cat
    • Others
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the growth of each segment by downloading our free sample report:

https://www.technavio.com/talk-to-us?report=IRTNTR41310

Pet Dietary Supplements Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The pet dietary supplements market report covers the following areas:

  • Pet Dietary Supplements Market Size
  • Pet Dietary Supplements Market Trends
  • Pet Dietary Supplements Market Industry Analysis

This study identifies the growing trend of organic pet dietary supplements as one of the prime reasons driving the Pet Dietary Supplements Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Pet Dietary Supplements Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist pet dietary supplements market growth during the next five years
  • Estimation of the pet dietary supplements market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the pet dietary supplements market across APAC, Europe, MEA, North America, and South America
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pet dietary supplements market vendors

Table of Contents:

1. Executive Summary

2. Market Landscape

2.1 Market ecosystem

Exhibit 01: Parent market

Exhibit 02: Market characteristics

2.2 Value chain analysis

Exhibit 03: Value Chain: Global packaged foods and meats market

  • Producers
  • Processors
  • End-user industries

3. Market Sizing

3.1 Market definition

Exhibit 04: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 05: Market segments

3.3 Market size 2019

3.4 Market outlook: Forecast for 2019 – 2024

Exhibit 06: Global – Market size and forecast 2019 – 2024 ($ million)

Exhibit 07: Global market: Year-over-year growth 2019 – 2024 (%)

4. Five Forces Analysis

4.1 Five Forces Summary

Exhibit 08: Five forces analysis 2019 & 2024

4.2 Bargaining power of buyers

4.3 Bargaining power of suppliers 

4.4 Threat of new entrants

4.5 Threat of substitutes

4.6 Threat of rivalry

4.7 Market condition

Exhibit 14: Market condition – Five forces 2019

5. Market Segmentation by Application

Based on type, the global pet dietary supplements market has been segmented into joint-health, skin and coat, gastrointestinal tract, liver and kidney, and others.

The 4 segments have been ranked based on their market size in 2019. Joint-health constituted the largest segment in 2019, while the smallest segment was liver and kidney. The 2019 market position of all the 4 segments will likely remain the same in 2024. The ranking of none of the segments will change by 2024; this indicates that the market composition will see limited changes. 

5.1 Market segments

Exhibit 15: Application placement – Market share 2019-2024 (%)

5.2 Comparison by Application placement

5.3 Joint-health – Market size and forecast 2019-2024

Exhibit 17: Joint-health – Market size and forecast 2019-2024 ($ million)

Exhibit 18: Joint-health – Year-over-year growth 2019-2024 (%) 

5.4 Skin and coat – Market size and forecast 2019-2024

Exhibit 19: Skin and coat – Market size and forecast 2019-2024 ($ million)

Exhibit 20: Skin and coat – Year-over-year growth 2019-2024 (%)

5.5 Gastrointestinal tract – Market size and forecast 2019-2024

Exhibit 21: Gastrointestinal tract – Market size and forecast 2019-2024 ($ million)

Exhibit 22: Gastrointestinal tract – Year-over-year growth 2019-2024 (%)

5.6 Liver and kidney – Market size and forecast 2019-2024

Exhibit 23: Liver and kidney – Market size and forecast 2019-2024 ($ million)

Exhibit 24: Liver and kidney – Year-over-year growth 2019-2024 (%)

5.7 Others – Market size and forecast 2019-2024

Exhibit 25: Others – Market size and forecast 2019-2024 ($ million)

Exhibit 26: Others – Year-over-year growth 2019-2024 (%)

5.7.1 Pet dietary supplements for cardiovascular support

5.7.2 Pet dietary supplements for dental and oral health

5.8 Market opportunity by Application

6. Market Segmentation by Animal Type

Based on animal type, the global pet dietary supplements market has been segmented into dog, cat, and others.

The 3 segments have been ranked based on their market size in 2019. Dog constituted the largest segment in 2019, while the smallest segment was others. The 2019 market position of all the 3 segments will likely remain the same in 2024. The ranking of none of the segments will change by 2024; this indicates that the market composition will see limited changes.

6.1 Market segments

6.2 Comparison by Animal type placement

Exhibit 29: Comparison by animal type placement

6.3 Dog – Market size and forecast 2019-2024

Exhibit 30: Dog – Market size and forecast 2019-2024 ($ million)

Exhibit 31: Dog – Year-over-year growth 2019-2024 (%) 

6.4 Cat – Market size and forecast 2019-2024

Exhibit 32: Cat – Market size and forecast 2019-2024 ($ million) 

Exhibit 33: Cat – Year-over-year growth 2019-2024 (%)

6.5 Others – Market size and forecast 2019-2024

Exhibit 34: Others – Market size and forecast 2019-2024 ($ million)

Exhibit 35: Others – Year-over-year growth 2019-2024 (%)

6.6 Market opportunity by Animal type 

7. Customer landscape

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

8. Geographic Landscape

Based on geography, the global pet dietary supplements market has been segmented into APAC, North America, Europe, South America, and MEA.

The 5 regions have been ranked based on their market size in 2019. North America constituted the largest region in 2019, while the smallest region was MEA. The 2019 market position of all 5 regions will likely remain the same in 2024. The ranking of none of the regions will change by 2024; this indicates that the market composition will see limited changes.

8.1 Geographic segmentation

Exhibit 38: Market share by geography 2019-2024 (%)

8.2 Geographic comparison

8.3 North America – Market size and forecast 2019-2024

Exhibit 40: North America – Market size and forecast 2019-2024 ($ million)

Exhibit 41: North America – Year-over-year growth 2019-2024 (%)

8.4 Europe – Market size and forecast 2019-2024

Exhibit 42: Europe – Market size and forecast 2019-2024 ($ million)

Exhibit 43: Europe – Year-over-year growth 2019-2024 (%)

8.5 APAC – Market size and forecast 2019-2024

Exhibit 44: APAC – Market size and forecast 2019-2024 ($ million)

Exhibit 45: APAC – Year-over-year growth 2019-2024 (%)

8.6 South America – Market size and forecast 2019-2024

Exhibit 46: South America – Market size and forecast 2019-2024 ($ million)

Exhibit 47: South America – Year-over-year growth 2019-2024 (%)

8.7 MEA – Market size and forecast 2019-2024

Exhibit 48: MEA – Market size and forecast 2019-2024 ($ million)

Exhibit 49: MEA – Year-over-year growth 2019-2024 (%)

8.8 Key leading countries

8.9 Market opportunity by geography

Exhibit 51: Market opportunity by geography ($ million)

9. Drivers, Challenges, and Trends

9.1 Volume driver – Demand led growth

9.1.1 Rising pet ownership

9.1.2 Pet humanization and increasing focus on health and wellness of pets

9.1.3 Increasing focus on health and wellness of pets 

9.1.4 Players offering high-quality pet dietary supplements

9.2 Market challenges

9.2.1 Competition from functional and fortified pet food category

9.2.2 Concerns regarding potential risks associated with pet dietary supplements

9.2.3 Increasing instances of pet allergies among pet owners 

Impact of drivers and challenges

9.3 Market trends

9.3.1 Omnichannel retailing

9.3.2 Growing trend toward organic pet dietary supplements

9.3.3 Increasing use of healthy ingredients in pet dietary supplements

10. Vendor Landscape

10.1 Overview

10.2 Vendor landscape 

Analysis of Criticality of inputs and Factors of differentiation

10.3 Landscape disruption

Techanavio’s Analysis on the impact of Disruption Threats by comparing Disruptive sources and Factors driving disruption

Exhibit 47: Industry risks

11. Vendor Analysis

11.1 Vendors covered

11.2 Market positioning of vendors

11.3 Ark Naturals Co.

Overview

Business Segments

Key Offering

Segment Focus

11.4 Beaphar Beheer BV

Overview

Business Segments

Key Offering

Segment Focus

11.5 Boehringer Ingelheim International GmbH

Overview

Business Segments

Key Offering

Segment Focus

11.6 FoodScience Corp.

Overview

Business Segments

Key Offering

Segment Focus

11.7 Kemin Industries Inc.

Overview

Business Segments

Key Offering

Segment Focus

11.8 Nestlé SA

Overview

Business Segments

Key Offering

Segment Focus

11.9 NOW Health Group Inc.

Overview

Business Segments

Key Offering

Segment Focus

11.10 Nutramax Laboratories Inc.

Overview

Business Segments

Key Offering

Segment Focus

11.11 Nutri-Pet Research Inc.

Overview

Business Segments

Key Offering

Segment Focus

11.12 Only Natural Pet

Overview

Business Segments

Key Offering

Segment Focus

12. Appendix

12.1 Scope of the report

12.2 Currency conversion rates for US$ 

Research Methodology

Validation techniques employed for market sizing

12.4 List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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