Global Veterinary Supplements Market projected to grow to USD 4.12 Billion by 2034
From GlobeNewswire: 2025-03-17 10:30:00
The global Veterinary Supplements Market is projected to grow from approximately USD 3.18 Billion in 2024 to USD 4.12 Billion by 2034, with a CAGR of 5.98% during the forecast period. Factors driving growth include the aging pet population, increased spending on pets, and a shift towards natural and herbal supplements for preventive care.
With 77% of pet supplement buyers preferring products with natural ingredients, the demand for herbal supplements to address nutritional deficiencies in senior canines is on the rise. As the number of aging pets increases, there is a growing need for immune boosters, heart and cognitive support products, and pain management solutions.
The Packaged Facts 2020 Survey of Pet Owners revealed a 5% increase in the number of dog owners with canines aged seven years or older, and a 9% increase in cat owners with cats in the same age range. This trend indicates a growing population of senior companion animals.
In 2024, 64% of U.S. households owned a companion animal, with dogs owned by 44% and cats by 30%. The American Pet Products Association predicts that pet ownership will increase to 68% by 2030, with 48% of households owning dogs and 35% owning cats.
As pet owners prioritize the health and well-being of their furry friends, the market for pet supplements is expected to expand. This trend is driven by a desire to enhance pets’ quality of life and address specific health concerns through nutritional support.
Despite potential growth, the pet supplement market may face challenges due to anticipated regulatory constraints. Stricter regulations, such as those governing pet food ingredients, could impact market dynamics and require compliance with FDA and AAFCO standards.
The Veterinary Supplements Market report includes insights on market size, projected growth, key segments by animal type, product type, dosage form, application, distribution channel, and region. The report also covers revenue estimation, competitive landscape, growth factors, and recent trends in the industry. The Veterinary Supplements market report offers an in-depth analysis, including the impact of the COVID-19 pandemic. With increased pet ownership during the crisis, the demand for herbal supplements has risen. North America is expected to lead the market due to higher spending on pet care products and the humanization of pets. The Veterinary Supplements Market report offers insights on product types, dosage forms, applications, distribution channels, and regions. Key players include ADMArk Naturals, Blue Buffalo Pet Products, Mars PetCare, and more. Access a free sample report for in-depth analysis and take advantage of special deals and discounts for a personalized market brief. Contact sales for customization options. 1. A new study has found that eating a diet high in processed foods can increase the risk of developing heart disease by 20%. The research, conducted by the American Heart Association, analyzed data from over 10,000 participants over a 10-year period.
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