Market Overview:
The global pet nutraceuticals market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about the benefits of pet nutraceuticals, rising disposable income, and growing trend of pet humanization. Based on type, milk bioactives are expected to lead the global pet nutraceuticals market with a share of 36%. This can be attributed to their various health benefits for pets such as improving digestion, boosting immunity, and reducing inflammation. Omega-3 fatty acids are also anticipated to witness high growth during the forecast period owing to their numerous health benefits for pets such as reducing inflammation and promoting cardiovascular health. Based on application, dog is expected to lead the global pet nutraceuticals market with a share of 43%. This can be attributedto dogs’ high susceptibility towards various diseases and disorders which can be treated by using appropriate nutraceutical products. Cats are also anticipatedto witness high growth duringthe forecast period owing tobenefits such as improved digestionand reduced riskof obesityand diabetes mellitusin cats .
Product Definition:
A pet nutraceutical is a food supplement or pharmaceutical agent that has a medicinal effect on animals. The term is a portmanteau of the words "nutrition" and "pharmaceuticals". A wide variety of these products are available for both cats and dogs, including dietary supplements, analgesics, anti-inflammatory agents, and probiotics. Nutraceuticals are important because they can help to improve an animal's health by providing them with additional nutrients or by addressing specific medical conditions.
Milk Bioactives:
Milk bioactives are the proteins and peptides naturally occurring in milk. Bioactive compounds are widely used as nutritional supplements in animal feed additives to improve their nutritive value and provide health benefits to animals. Milk bioactives have been found to be more effective than antibiotics, antivirals, anesthetics or any other known supplement for improving weight gain of calves when given into their diet.
Omega-3 Fatty Acids:
Omega-3 fatty acids are essential for the health of animals. They help in reducing the inflammation response, which is very important for pet nutrition. The product also helps to reduce the risk of heart diseases and cancer among other health conditions. As a result, omega-3 fatty acid supplements have become quite popular among veterinarians as well as pet owners over the past few years and this trend is expected to continue over the forecast period.
Application Insights:
The demand for pet food additives is generally higher in countries such as the U.S., Canada, Mexico, Brazil, and China due to the high consumption of animal protein sources such as meat and eggs. The addition of these additives helps enhance the overall nutrition value of food thereby making it more appetizing to pets.
In terms of revenue, fish held the largest share in 2017 owing to its high nutritional content and ability to provide essential fatty acids that help maintain heart health along with controlling hyperlipidemia (high cholesterol levels). Other applications include cat & dog foods respectively followed by bird feed products containing vitamins & minerals along with probiotics for animals that promote gut health in dogs and cats.
Regional Analysis:
North America dominated the global pet nutraceuticals market in 2017. The growth is majorly attributed to increasing awareness about pet nutrition, high disposable income of consumers and their willingness to spend on their pets, and rising demand for natural products. Increasing number of R&D facilities engaged in developing novel ingredients for human consumption is also expected to bode well for regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to growing health consciousness among consumers coupled with an increase in spending capacity of individuals towards animal care services resulting into a rise in demand for premium quality food supplements which are likely benefit nutraceutical industry as well as overall market performance during the same period.
Growth Factors:
- Increasing pet ownership: The global pet population is expected to grow at a CAGR of 3.8% from 2016 to 2021, reaching 862 million by 2021. This growth in the pet population will drive the demand for pet food and supplements, thereby propelling the growth of the global Pet Nutraceuticals market.
- Rising awareness about benefits of nutraceuticals for pets: There is a growing awareness among consumers about the benefits of nutraceuticals for pets. This is driving them to purchase more products that offer such benefits, thereby propelling the growth of the Pet Nutraceuticals market.
- Growing trend of premiumization: Consumers are increasingly preferring premium-quality products over regular ones in all industries, including in the Pet Nutraceuticals market. This is pushing manufacturers to focus on product innovation and development so as to cater to this segment and boost their sales revenues accordingly., thereby fuelling market growth..
Scope Of The Report
Report Attributes
Report Details
Report Title
Pet Nutraceuticals Market Research Report
By Type
Milk Bioactives, Omega-3 Fatty Acids, Probiotics, Proteins and Peptides, Vitamins and Minerals, Other Ingredient
By Application
Dog, Cat, Bird, Fish, Other
By Companies
BASF, DSM Nutritionals, Zoetis, Virbac, Nestle Purina PetCare, Kemin Industries, Boehringer Ingelheim Animal Health, Blue Buffalo, Total Alimentos, Mars Petcare, Nutramax Laboratories, Diamond Pet Foods, WellPet, ALC INovators, Robinson Pharma, Diana Pet Food, Symrise AG, Roquette Freres, Darling International Inc, Archer Daniels Midland Company, Novotech Nutraceutical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Pet Nutraceuticals Market Report Segments:
The global Pet Nutraceuticals market is segmented on the basis of:
Types
Milk Bioactives, Omega-3 Fatty Acids, Probiotics, Proteins and Peptides, Vitamins and Minerals, Other Ingredient
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dog, Cat, Bird, Fish, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- DSM Nutritionals
- Zoetis
- Virbac
- Nestle Purina PetCare
- Kemin Industries
- Boehringer Ingelheim Animal Health
- Blue Buffalo
- Total Alimentos
- Mars Petcare
- Nutramax Laboratories
- Diamond Pet Foods
- WellPet
- ALC INovators
- Robinson Pharma
- Diana Pet Food
- Symrise AG
- Roquette Freres
- Darling International Inc
- Archer Daniels Midland Company
- Novotech Nutraceutical
Highlights of The Pet Nutraceuticals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Milk Bioactives
- Omega-3 Fatty Acids
- Probiotics
- Proteins and Peptides
- Vitamins and Minerals
- Other Ingredient
- By Application:
- Dog
- Cat
- Bird
- Fish
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pet Nutraceuticals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pet Nutraceuticals are supplements specifically designed to meet the nutritional needs of pets. They can be purchased in pet stores or online, and often come in tablet or capsule form.
Some of the major companies in the pet nutraceuticals market are BASF, DSM Nutritionals, Zoetis, Virbac, Nestle Purina PetCare, Kemin Industries, Boehringer Ingelheim Animal Health, Blue Buffalo, Total Alimentos, Mars Petcare, Nutramax Laboratories, Diamond Pet Foods, WellPet, ALC INovators, Robinson Pharma, Diana Pet Food, Symrise AG, Roquette Freres, Darling International Inc, Archer Daniels Midland Company, Novotech Nutraceutical.
The pet nutraceuticals market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pet Nutraceuticals Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pet Nutraceuticals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pet Nutraceuticals Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pet Nutraceuticals Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pet Nutraceuticals Market Size & Forecast, 2018-2028
4.5.1 Pet Nutraceuticals Market Size and Y-o-Y Growth
4.5.2 Pet Nutraceuticals Market Absolute $ Opportunity
Chapter 5 Global Pet Nutraceuticals Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Pet Nutraceuticals Market Size Forecast by Type
5.2.1 Milk Bioactives
5.2.2 Omega-3 Fatty Acids
5.2.3 Probiotics
5.2.4 Proteins and Peptides
5.2.5 Vitamins and Minerals
5.2.6 Other Ingredient
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pet Nutraceuticals Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Pet Nutraceuticals Market Size Forecast by Applications
6.2.1 Dog
6.2.2 Cat
6.2.3 Bird
6.2.4 Fish
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pet Nutraceuticals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pet Nutraceuticals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Pet Nutraceuticals Analysis and Forecast
9.1 Introduction
9.2 North America Pet Nutraceuticals Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Pet Nutraceuticals Market Size Forecast by Type
9.6.1 Milk Bioactives
9.6.2 Omega-3 Fatty Acids
9.6.3 Probiotics
9.6.4 Proteins and Peptides
9.6.5 Vitamins and Minerals
9.6.6 Other Ingredient
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Pet Nutraceuticals Market Size Forecast by Applications
9.10.1 Dog
9.10.2 Cat
9.10.3 Bird
9.10.4 Fish
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Pet Nutraceuticals Analysis and Forecast
10.1 Introduction
10.2 Europe Pet Nutraceuticals Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Pet Nutraceuticals Market Size Forecast by Type
10.6.1 Milk Bioactives
10.6.2 Omega-3 Fatty Acids
10.6.3 Probiotics
10.6.4 Proteins and Peptides
10.6.5 Vitamins and Minerals
10.6.6 Other Ingredient
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Pet Nutraceuticals Market Size Forecast by Applications
10.10.1 Dog
10.10.2 Cat
10.10.3 Bird
10.10.4 Fish
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Pet Nutraceuticals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pet Nutraceuticals Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Pet Nutraceuticals Market Size Forecast by Type
11.6.1 Milk Bioactives
11.6.2 Omega-3 Fatty Acids
11.6.3 Probiotics
11.6.4 Proteins and Peptides
11.6.5 Vitamins and Minerals
11.6.6 Other Ingredient
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Pet Nutraceuticals Market Size Forecast by Applications
11.10.1 Dog
11.10.2 Cat
11.10.3 Bird
11.10.4 Fish
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Pet Nutraceuticals Analysis and Forecast
12.1 Introduction
12.2 Latin America Pet Nutraceuticals Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Pet Nutraceuticals Market Size Forecast by Type
12.6.1 Milk Bioactives
12.6.2 Omega-3 Fatty Acids
12.6.3 Probiotics
12.6.4 Proteins and Peptides
12.6.5 Vitamins and Minerals
12.6.6 Other Ingredient
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Pet Nutraceuticals Market Size Forecast by Applications
12.10.1 Dog
12.10.2 Cat
12.10.3 Bird
12.10.4 Fish
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Pet Nutraceuticals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pet Nutraceuticals Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Pet Nutraceuticals Market Size Forecast by Type
13.6.1 Milk Bioactives
13.6.2 Omega-3 Fatty Acids
13.6.3 Probiotics
13.6.4 Proteins and Peptides
13.6.5 Vitamins and Minerals
13.6.6 Other Ingredient
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Pet Nutraceuticals Market Size Forecast by Applications
13.10.1 Dog
13.10.2 Cat
13.10.3 Bird
13.10.4 Fish
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pet Nutraceuticals Market: Competitive Dashboard
14.2 Global Pet Nutraceuticals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 DSM Nutritionals
14.3.3 Zoetis
14.3.4 Virbac
14.3.5 Nestle Purina PetCare
14.3.6 Kemin Industries
14.3.7 Boehringer Ingelheim Animal Health
14.3.8 Blue Buffalo
14.3.9 Total Alimentos
14.3.10 Mars Petcare
14.3.11 Nutramax Laboratories
14.3.12 Diamond Pet Foods
14.3.13 WellPet
14.3.14 ALC INovators
14.3.15 Robinson Pharma
14.3.16 Diana Pet Food
14.3.17 Symrise AG
14.3.18 Roquette Freres
14.3.19 Darling International Inc
14.3.20 Archer Daniels Midland Company
14.3.21 Novotech Nutraceutical
