DUBLIN, Jan. 31, 2024 (Globe Newswire) — The Global Pet Herbal Supplements Market Analysis and Forecast 2024-2034 report has been added. ResearchAndMarkets.com Recruitment.
The Global Pet Herbal Supplements is anticipated to increase from USD 893 Million in 2023 to USD 2.69 Billion by 2034, indicating promising growth prospects, registering an average annual growth rate of ( CAGR) is shown to be 10.53%.
A strategic shift towards natural and herbal pet care solutions is driving market expansion as pet owners increasingly opt for organic and holistic approaches to their pet's health.
This trend is further reinforced by rapidly increasing spending on pets, the need to focus on preventive care as pets age, and the launch of innovative natural ingredient-based supplements tailored to pet needs. Market players are working together to develop a wider range of herbal supplement products to cater to the growing population of health-conscious pet parents.
High demand for multivitamins and herbal CBD supplements drives market growth
Product-wise analysis of Pet Herbal Supplements segment reveals that Multivitamins & Minerals accounted for the largest market share in 2023. This is largely due to pet owners actively incorporating these supplements into their pets' diets to boost health and immunity. In line with this, the CBD supplement niche market is also seeing exciting advances and is predicted to grow the fastest, as pet owners seek herbal, calming health solutions for their furry friends. Masu.
Chewables are gaining popularity among various dosage forms
When it comes to dosage forms, gummies and chewables emerged as the most preferred options for pet supplements. Chewable supplements go beyond traditional formats such as tablets and capsules due to their ease of administration and increased palatability. However, other innovative dosage forms such as jellies, gels, and sprinkles are expected to show rapid growth as they are easier to mix into pet food and beverages.
Digestive support tops the application field
Digestive support remains a key focus for pet owners, leading to a significant portion of market revenue in this area. Herbal supplements are widely known to promote gastrointestinal health. At the same time, an increase in energy-boosting herbal supplements for working and active dogs is predicted, highlighting the diverse application areas within the market.
Dogs lead the animal type segment in the pet herbal supplements market
Dogs continue to hold the largest share of the animal market, followed by cats due to a rapid increase in cat adoptions and increased attention to cat health. Dog owners are paying particular attention to the health of their pets, resulting in an increase in specialized supplements for longevity and metabolism.
Offline channels dominate distribution, online grows rapidly
Although offline channels such as pet specialty stores and retail stores remain popular for purchasing pet supplements, a significant trend toward online shopping is evident, with the latter expected to exhibit a rapid growth trajectory in the coming years. Masu. The expansion of omnichannel offerings and e-commerce by traditional retailers aligns with consumer preferences for convenience and accessibility.
Regionally, North America remains the central hub with major market players and robust pet humanization trends. Complementary to this region is Asia Pacific, which is expected to see the fastest growth in the region due to a growing pet population, growing awareness of pet health, and a plethora of new product launches that meet the needs of local customers. It is.
Key attributes:
| report attributes | detail |
| number of pages | 200 |
| Forecast period | 2023-2034 |
| Estimated market value in 2023 (USD) | $890 million |
| Projected market value to 2034 (USD) | $2.69 billion |
| compound annual growth rate | 10.5% |
| Target area | global |
Company Profile
- Natural Dog Company Co., Ltd.
- natural remedies for pets
- amorbet
- Advacare Pharma
- blackmores
- Only Natural Pet LLC
- rockwell pet pro
- Dorwest Herbs Co., Ltd.
- Nutripet Research Co., Ltd.
- Health Promotion
- NaturVet (The Garmon Corporation)
Segmentation: Pet Herbal Supplements Market Report 2023-2034
Pet Herbal Supplements Market Analysis and Forecast by Product 2023-2034 (Revenue USD Billion)
- multivitamins & minerals
- Probiotics and prebiotics
- omega 3 fatty acids
- proteins and peptides
- CBD
- others
Pet Herbal Supplements Market Analysis and Forecast by Dosage Form 2023-2034 (Revenue USD 1 Billion)
- Gummies & Chewables
- tablets and capsules
- liquid
- powder
- others
- gel
- jelly
- sprinkle formulation
Pet Herbal Supplements Market Analysis and Forecast by Application 2023 – 2034 (Revenue USD Billion)
- skin and coat
- joint health support
- digestive support
- immune support
- respiratory health
- liver health
- kidney health
- Sedation/Stress/Anxiety
- others
- growth promoter
- energy and electrolytes
- others
Pet Herbal Supplements Market Analysis and Forecast by Animal Type 2023 – 2034 (Revenue Billion USD)
Pet Herbal Supplements Market Analysis and Forecast by Distribution Channel 2023 – 2034 (Revenue USD Billion)
- online
- off-line
- retail
- Pet specialty store
- others
Pet Herbal Supplements Market Analysis and Regional Forecast 2023 – 2034 (Revenue USD Billion)
- North America
- we
- Canada
- Europe
- Germany
- France
- England
- Spain
- Italy
- rest of europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- latin america
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- middle east and africa
- South Africa
- GCC
- Rest of MEA
For more information on this report, please visit https://www.researchandmarkets.com/r/nrclv.
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Global pet herbal supplements market
