Pet Dietary Supplements Market Size, Share, Industry Trends and Forecast to 2030

Market Size & CAGR of Pet Dietary Supplements in 2021

The global market size of pet dietary supplements in 2021 was estimated to be USD 2.5 billion. The compound annual growth rate (CAGR) of the pet dietary supplements market in 2021 was recorded at 5.6%.

COVID-19 Impact on the Pet Dietary Supplements Market

The outbreak of the COVID-19 pandemic had a mixed impact on the pet dietary supplements market. While there was a surge in demand for pet health products due to increased pet ownership and spending more time at home, there were disruptions in the supply chain and production capabilities.

Pet Dietary Supplements Dynamics

The pet dietary supplements market has been witnessing a steady growth trend driven by the increasing awareness among pet owners about the health and well-being of their pets. The rising prevalence of pet obesity and other health issues has further boosted the demand for dietary supplements.

Segments and Related Analysis

The pet dietary supplements market can be segmented based on the type of supplements such as vitamins, minerals, proteins, and omega-3 fatty acids. Each segment caters to specific health needs of pets, ranging from joint health to skin and coat care.

By Region Analysis

The pet dietary supplements market is segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America leads the market due to the high pet ownership rate and increased focus on pet health.

Key Market Players and Competitive Landscape

Some of the key players in the pet dietary supplements market include Nutramax Laboratories, Zesty Paws, Nestle Purina PetCare, and VetriScience Laboratories. These companies are focusing on product innovation and strategic partnerships to expand their market presence.

Recent Happenings in the Pet Dietary Supplements Market

- In February 2021, Zesty Paws launched a new line of organic pet supplements to cater to the growing demand for natural and holistic pet care products. - Nutramax Laboratories introduced a new range of joint health supplements for senior pets in July 2021, targeting the aging pet population. - Nestle Purina PetCare collaborated with veterinary professionals to develop specialized dietary supplements for pets with specific health conditions in September 2021.