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Description
Veterinary Nutraceuticals Market size was valued at USD 1.4 billion in 2021, growing at a CAGR of 8.2% during the forecast period 2022-28. The use of pet food supplements and nutraceuticals is a recent trend in veterinary medicine. Increased spending on pet health and rise in the adoption of companion animals across the globe is expected to accelerate the market over the forecast period.The dramatic changes in perception of pet lovers, nutraceuticals are safer and alternative to the pharmaceuticals. Nutraceuticals or supplements are offer health benefits and supplements are safe. Increased R&D, with the advent of technological advancements, enables offers new pet food supplement and nutraceutical formulas to the market. For instance, Steadfast Canine is an advanced supplemental formula, specially designed to support total bone & joint health and mobility, and to ease discomfort. Pet food supplements or neutraceuticals are defined as either therapeutic or dietary supplement. Dietary nutrients or supplements are substances added to petfoods in order to make them nutritionally completely balanced. Therapeutic supplements are added to offer health benefits, to prevention or treatment of disease. Rising awareness, availability of pet nutraceuticals and increased health checkups are expected to create demand for pet food nutraceutical market.
