Veterinary Nutraceuticals Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016 to 2021 and Forecast 2022 to 2028

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Veterinary Nutraceuticals Market: By Product Type (Vitamins, Minerals, Enzymes, Probiotics, Omega-3-fatty acids, Others) ,By Animal Type ( Dogs,Cats, Birds, Fish,Others), Application (Immune system, Weight management, Digestive health management, Pain management, Others), Geography.

 

 

 

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Report

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.

 

Veterinary Nutraceuticals Market

MARKET SUMMARY
-
8.2%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 8.2%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Veterinary Nutraceuticals Market

  • Veterinary Nutraceuticals Market gives historical, current, and future market sizes (US$ Mn) of product type and distribution channel and geographic regions.
  • This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, the market report includes regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
  • Key stakeholders of the market report include suppliers, manufacturers, marketers, policy makers engaged in manufacturing and supply of Infant nutrition
Key Players
  •  DSM,
  • Diana group,
  • BASF,
  • Merial,
  • V and Nutraceutical International LLC.
Veterinary Nutraceuticals Market Dynamics

Increasing demand for canine and feline food supplements majorly drives the global pet food industry. Rising awareness regarding various animal health issues, increased disposable income coupled with spending on veterinary health is expected to create demand for veterinary neutraceuticals market in future.Stringent regulations in Europe, limited awareness in low-income countries are expected to diminish the market.


North-America Got Significant Share

Veterinary Nutraceuticals Market

eographically market has been segmented into following regions Viz. North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.The manufacturers & suppliers of nutraceuticals for companion animals and wildlife joined together to establish a non-profit organization, i.e., National Animal Supplement Council (NASC), associated with AAFCO, and FDA-CVM to establish regulatory guidelines serve the best interests of animals.U.S. veterinary nutraceuticals market is expected to account major market share over the forecast period. Increased pets are driving factors of the market. For instance, 72.9 million homes are having at least one type of companion animal.Canadian pet food nutraceutical market is expected to grow due to an increased number of pet food suppliers coupled with increased spending on animal food.Germany veterinary nutraceuticals market is expected to expand at robust CAGR over the forecast period, increased awareness is creating demand for veterinary nutraceuticals market. China veterinary neutraceuticals market is expanding at significant growth rate, owing to changed demographics coupled with rising companion animal adoption in middle-income countries, and spending on veterinary healthcare are majorly driving the market.Middle East countries are majorly driven by increasing pet adoption coupled with rising veterinary spending.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

KEY FEATURES OF THE REPORT

  • The report provides granular level information about the market size, regional market share, historic market (2016 to 2021) and forecast (2022 to 2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Veterinary Nutraceuticals Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  •  DSM,
  • Diana group,
  • BASF,
  • Merial,
  • V and Nutraceutical International LLC.

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.

 

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