DUBLIN--(BUSINESS WIRE)--The "US Pet Supplements Market, By Pet, By Specialty, By Product Type, By Product Form, By Source, By End User, By Distribution Channel, By Manufacturing: - Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2024-2032." report has been added to ResearchAndMarkets.com's offering.
The U.S. pet supplements market is experiencing significant growth, driven by increasing pet ownership and a rising focus on pet health. In 2024, the market is valued at approximately $4 billion and is expected to grow steadily. This growth is fueled by the rising awareness of pet nutrition and wellness, with pet owners seeking supplements to enhance their pets' health and longevity.
Key product categories include joint health, digestive health, and skin and coat supplements. Market dynamics are influenced by trends such as natural and organic products and the growing popularity of online retail channels. Major players in the market include Nestle Purina, Mars Petcare, and Spectrum Brands, which are innovating and expanding their product lines to meet consumer demands. The market is expected to continue expanding as more pet owners invest in their pets' well-being.
Growth Influencers:
The U.S. pet supplements market is experiencing robust growth, driven by increased spending on pet care and a heightened focus on pet health. Pet ownership entails significant financial commitments, with the average annual cost for dog owners reaching approximately $1,533, which includes veterinary care, insurance, and boarding. Pet insurance, averaging $44 per month for dogs, offers a crucial safety net for unexpected veterinary expenses. This financial pressure is evident, as 42% of pet owners struggle to cover sudden vet bills without incurring debt.
Spending patterns reveal that dog owners prioritize veterinary care, food, and grooming, while cat owners focus on food, veterinary services, and toys. Notably, Gen Z pet owners are increasingly extravagant, investing in specialty items and services to enhance their pets' lives. The aging pet population has also led to a rise in age-related health issues, driving demand for supplements like glucosamine and probiotics. As pet owners seek targeted nutritional support for chronic conditions such as obesity and allergies, the market for supplements continues to expand, reflecting a broader commitment to improving pet health and well-being through specialized products.
The U.S. pet supplements market is led by the dog segment, which holds a substantial 57.7% share and exhibits a robust CAGR of 6.9% as of 2023. This dominance stems from dogs being the most popular pets in American households, with 44.5% of homes owning at least one dog. Increased awareness among pet owners regarding the health benefits of supplements is another key driver. Products addressing specific issues like joint health, skin conditions, and digestive wellness are gaining popularity. As owners become more proactive about their dogs' health and overall quality of life, demand for dog supplements is expected to continue rising, reinforcing this segment's strong position in the market.
In the U.S. pet supplements market, the Hip & Joint segment commands a significant share of 27.3% and shows a strong CAGR of 7.8% as of 2023. This growth is primarily driven by the prevalence of joint issues like arthritis and hip dysplasia, especially in older dogs and certain breeds. As pets live longer due to advancements in veterinary care, they are more likely to experience age-related joint problems, further increasing the demand for supplements that support joint health. The growing awareness among pet owners about these supplements enhances market demand, leading to robust growth in this segment as they seek to maintain their pets' mobility and quality of life.
The Multivitamins segment holds a leading share of 36.3% in the U.S. pet supplements market as of 2023, with a strong CAGR of 7.5%. This popularity is largely attributed to the rising focus on holistic health and wellness for pets. Multivitamins provide a comprehensive range of essential vitamins and minerals, appealing to pet owners who prefer an all-in-one nutritional solution. Key ingredients typically include vitamins A, D, E, and B-complex, along with essential minerals like calcium and zinc. As pet owners increasingly prioritize preventive health measures, the demand for multivitamins continues to grow, solidifying this segment's prominent position in the market.
The Chewable Tablets segment dominates the U.S. pet supplements market with a 43.3% share and a notable CAGR of 7.8% as of 2023. This preference is driven by the palatability of chewable tablets, which encourages pets to consume them regularly. Formulated to be appealing, these tablets enhance compliance, making it easier for pet owners to administer supplements like glucosamine for joint health. Moreover, chewable tablets offer convenience, being simpler to give than liquids or powders. Their precise dosing ensures pets receive the right amount of nutrients, making it easier for busy owners to manage their pets' supplement routines, thereby contributing to the segment's significant market presence and growth.
The Conventional segment holds a commanding 79.1% share of the U.S. pet supplements market as of 2023, reflecting its established reputation and widespread acceptance. Products like Nutramax Dasuquin and VetriScience GlycoFlex are popular for their proven effectiveness and affordability. Their established manufacturing processes and extensive distribution networks make them accessible to a broad consumer base. Conversely, the smaller Organic segment is growing rapidly, with a CAGR of 7.6%, fueled by rising consumer interest in natural, sustainably sourced products. Pet owners increasingly favor organic options that avoid synthetic additives, showcasing a shift towards more holistic health solutions for pets.
In the U.S. pet supplements market, the Residential segment commands an 87.3% share as of 2023, with a notable CAGR of 6.7%. This dominance is largely due to the high number of pet owners purchasing supplements for home use. With most U.S. households owning pets, there is a growing trend toward investing in health supplements to enhance pets' quality of life and address specific health issues. The convenience of administering these products at home allows for easier integration into daily routines, reflecting a shift toward preventive health measures. This focus on home-based pet care underscores the segment's significance and its expansion within the market.
The Offline segment leads the U.S. pet supplements market with a 67.1% share as of 2023, reflecting its strong presence through traditional retail channels like pet specialty stores and veterinary clinics. These physical locations allow for immediate product access and enable pet owners to receive expert advice, fostering trust in the quality of supplements. Key players include PetSmart and Petco. In contrast, the smaller Online segment is growing rapidly, with a CAGR of 7.2%, driven by the convenience of e-commerce. Online platforms like Chewy and Amazon offer extensive product selections and competitive pricing, enhancing the overall shopping experience for pet owners.
In the U.S. pet supplements market, the Contract/Outsource (CDMOs) segment holds a significant 66.0% share as of 2023 and exhibits a strong CAGR of 6.8%. This growth is fueled by the advantages of outsourcing production to CDMOs, which offer specialized expertise and advanced manufacturing capabilities. Many pet supplement companies lack in-house resources for producing complex formulations. CDMOs ensure regulatory compliance and quality control, critical in the pet supplement industry. By outsourcing production, companies can focus on core activities while leveraging CDMOs' technological advancements and regulatory knowledge, driving significant growth and market presence in this segment.
Competitive Landscape:
The U.S. pet supplements market is marked by a highly competitive landscape, dominated by major players such as Nestle Purina Petcare, Zoetis Inc. (Platinum Performance), Evonik Industries AG, Kemin Industries, Inc., Virbac, Nordic Naturals, Dechra Pharmaceuticals PLC, and Nutramax Laboratories, Inc., collectively holding over 65% of the market share. This competitive environment is driven by their strong focus on research and development, alongside strategic partnerships and collaborations aimed at enhancing their market presence and diversifying product offerings. Key competitive factors include pricing, product quality, and technological advancements.
As the U.S. pet supplements industry continues to grow, competition among these leading entities is expected to intensify. The demand for continuous innovation and adherence to evolving customer preferences and regulatory standards is crucial, setting the stage for increased novel innovations and strategic growth initiatives that will further advance the sector's overall development and transformation.
Report Insights:
- The US Pet Supplements market is projected to grow from US$ 1.08 Billion in 2023 to US$ 1.88 Billion by 2032, at a CAGR of 6.6%.
- Dogs dominate the market with a 57.7% share and a CAGR of 6.9%.
- Increased awareness of pet nutrition is fueling demand for health supplements.
- Key players include Nestle Purina, Mars Petcare, and Spectrum Brands, controlling over 65% of the market.
Questions to be Answered:
- What is the estimated growth rate of the US Pet Supplements market?
- What are the key drivers and potential restraints?
- Which market segments are expected to witness significant growth?
- Who are the leading players in the market?
Companies Profiled:
- Ark Naturals
- Food Science Corporation
- Garmon Corporation
- Kemin Industries, Inc.
- Nestle Purina Petcare
- Novotech Nutraceuticals, Inc.
- Nutramax Laboratories, Inc.
- PetHonesty
- Virbac
- Zoetis Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 141 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $1.08 Billion |
| Forecasted Market Value (USD) by 2032 | $1.88 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | United States |
Segment Overview:
The US Pet Supplements market is categorized based on Pet, Specialty, Product Type, Product Form, Source, End User, Distribution Channel and Manufacturing.
By Pet
- Dog
- Cat
By Specialty
- Hip & joint
- Digestive health
- Dental care
- Anxiety stress
- General health /multi-vitamin
- Heart & liver
- Skin & coat
- Allergies /immune support
- Urinary tract health
By Product Type
- Glucosamine
- Probiotics
- Multivitamins
- Omega-3 Fatty Acids
- Others
By Product Form
- Chewable Tablets
- Soft Gels
- Capsules
- Powders
- Liquids
- Others
By Source
- Organic
- Conventional
By End User
- Residential
- Commercial
By Distribution Channel
- Online
- Company Websites
- E-Commerce
- Offline
- Supermarkets/ Hypermarkets
- Specialty Stores
- Others
By Manufacturing
- Inhouse
- Contract/Outsource (CDMOs)
For more information about this report visit https://www.researchandmarkets.com/r/v6s5rz
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