Global Pet Food Nutraceutical Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Sub Product;

Milk Bioactives, Omega-3 Fatty Acids, Probiotics, Proteins and Peptides, Vitamins and Minerals and Others.

By Pet Type;

Dog, Cat and Others.

By Distribution Channel;

Convenience Stores, Online Channel, Specialty Stores, Supermarkets/Hypermarkets and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn580980656 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Pet Food Nutraceutical Market (USD Million), 2020 - 2030

In the year 2023, the Global Pet Food Nutraceutical Market was valued at USD 5,280.28 million. The size of this market is expected to increase to USD 7,043.70 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.

The Global Pet Food Nutraceutical Market represents a segment within the broader pet food industry that focuses on providing functional and therapeutic benefits to pets through the incorporation of bioactive compounds, supplements, and specialized ingredients into pet food formulations. Nutraceuticals for pets are designed to promote health, prevent diseases, and enhance overall well-being, addressing specific nutritional needs and health concerns of companion animals. This market segment reflects the growing consumer awareness of the importance of nutrition in pet health and the increasing demand for pet food products that offer more than just basic nutrition.

The concept of nutraceuticals in pet food mirrors trends observed in the human food and dietary supplement industries, where consumers seek functional foods and supplements for health optimization and disease prevention. Pet owners are increasingly interested in providing their furry companions with pet food products that offer targeted health benefits, such as joint support, digestive health, immune system boost, skin and coat health, and cognitive function enhancement. Pet food manufacturers are incorporating a wide range of nutraceutical ingredients into their formulations, including vitamins, minerals, antioxidants, probiotics, prebiotics, omega-3 fatty acids, glucosamine, chondroitin sulfate, and botanical extracts.

The Global Pet Food Nutraceutical Market encompasses various product categories, including functional treats, dietary supplements, specialized diets, and prescription pet foods formulated for specific health conditions. Functional treats are popular among pet owners seeking convenient and enjoyable ways to supplement their pets' diets with additional nutrients and health-promoting ingredients. Dietary supplements, such as chewable tablets, soft chews, and powdered formulations, offer targeted support for specific health concerns, such as joint health, digestive support, and skin and coat care. Specialized diets, including prescription veterinary diets, address therapeutic needs related to allergies, obesity, diabetes, kidney disease, and other medical conditions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Sub Product
    2. Market Snapshot, By Pet Type
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Pet Food Nutraceutical Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Humanization of Pets

        2. Growth in Aging Pet Population

        3. Increasing Pet Ownership Rates

      2. Restraints
        1. Safety Concerns and Quality Assurance

        2. Consumer Education and Awareness

        3. Price Sensitivity and Affordability

      3. Opportunities
        1. Expansion of Functional Ingredients

        2. E-commerce and Direct-to-Consumer Sales

        3. Targeting Specific Health Conditions

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Pet Food Nutraceutical Market, By Sub Product, 2022 - 2032 (USD Million)
      1. Milk Bioactives
      2. Omega-3 Fatty Acids
      3. Probiotics
      4. Proteins and Peptides
      5. Vitamins and Minerals
      6. Others
    2. Global Pet Food Nutraceutical Market, By Pet Type, 2022 - 2032 (USD Million)
      1. Dog
      2. Cat
      3. Others
    3. Global Pet Food Nutraceutical Market, By Distribution Channel, 2022 - 2032 (USD Million)
      1. Convenience Stores
      2. Online Channel
      3. Specialty Stores
      4. Supermarkets/Hypermarkets
      5. Others
    4. Global Pet Food Nutraceutical Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ADM

      2. Alltech

      3. Mars Incorporated

      4. Nestle (Purina)

      5. Vetoquinol

  7. Analyst Views
  8. Future Outlook of the Market

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