Global Pet Dietary Supplements Market Overview
According to Global Market Monitor, the global pet dietary supplements market will reach $895.32 million in 2024 with a CAGR of 3.25% from 2024 to 2029.
Market Drivers
The increased humanization of pets has led to significant spending on pet food, supplements, and other related products to keep them active and healthy. Supplements can increase your pet's attention, concentration, and energy levels, boost their immune system, and improve heart health. Anti-stress, anti-anxiety, or calming supplements are also in high demand and are expected to gain further attention among pet owners. The increase in the global pet population is driving the demand for pet supplements.
The increase in global spending on pet care is one of the key factors driving the market growth. Pet owners are willing to spend a lot of money to keep their pets healthy, which has led to an increase in pet health spending. The pet supplements market has great potential in the region and globally. In addition, there are products on the market that are beneficial for different health problems.
Regional Market
In Asia Pacific, the market is expected to grow at the fastest CAGR from 2024 to 2030. Owners increasingly believe that food alone may not meet all their pets' health requirements, and supplements can address any deficiencies in their daily diet, which benefits the growth of these products on animals. In addition, the growing number of domesticated dogs, fish, birds, and cats in the region, especially in China and Australia, is expected to drive the market growth.
China is one of the major producers and exporters of pet food and related products, and as such, these products have mature distribution channels across the country. The popularity of dogs, cats, and birds as pets has increased in recent years.
Europe holds a significant market share in 2023 with a large number of manufacturing facilities suitable for the pet food industry, which in turn increases the supply of pet supplements on the European market. The growth of the millennial and Gen Z populations in Germany is expected to generate significant growth in terms of pet ownership, thereby driving the growth of the German market.
Market Segment
Dog supplements dominate the pet supplements market, with dogs being the most popular pets in the world with high adoption rates. According to the National Pet Owner Survey conducted by the American Pet Products Association, 69 million households in the United States own a dog, and companies in the industry have been introducing new dog supplements to further fuel the market growth. According to the American Veterinary Medical Association, about 45 percent of U.S. households own at least one pet dog, and about 30 percent own at least one pet cat.
Meanwhile, the cat segment is expected to grow at the fastest CAGR from 2024 to 2029. Cats provide greater comfort and companionship for their owners, which in turn increases the demand for cat food and supplements. According to a November 2023 article published in CNN Health, about 30% of the American public suffers from insomnia and at least 25 million adults suffer from obstructive sleep apnea, and sleeping with cats may help perpetuate insomnia. Therefore, the benefits of owning a cat promote their adoption, thus creating opportunities for this market segment.
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By Type |
Antioxidant supplement |
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Non-antioxidant supplement |
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Antioxidant supplement |
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By Application |
Cat |
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Dog |
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Other Pets |
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