Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Veterinary Supplements Market to Reach US$ 15.2 Billion by 2031, Driven by Increased Focus on Pet Health & Wellness | Report by Transparency Market Research, Inc.

This image opens in the lightbox

News provided by

Transparency Market Research

29 Jul, 2024, 14:15 GMT

Share this article

Share toX

Share this article

Share toX

Pet Humanization to be the Basis of Extensive Demand for Veterinary Supplements

WILMINGTON, Del., July 29, 2024 /PRNewswire/ -- As per the latest report published by Transparency Market Research (TMR), the global veterinary supplements market is estimated to reach US$ 15.2 Bn by 2031 at a noticeable CAGR of 6.9% between 2023 and 2031.

Veterinary supplements are amongst the vital components of modern-day animal husbandry practices. They make provisions for essential vitamins, minerals, and the other nutrients that conventional feed sources fail to provide.

As per 2020 report by FONA International Inc., millennials are at the forefront regarding propagation of humanization of pets and premiumization trends in veterinary dietary supplements.

Request a PDF Sample of this Report Now! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=47583 

As animals age, they tend to lose their ability of efficiently absorbing nutrients, which, in turn, results in progressive depletion of essential micronutrients. There are therapeutic supplements available; which are also called nutraceuticals or veterinary health supplements. A bigger dosage of nutraceuticals is recommended in comparison with the same ingredient when used in the form of a nutrient.

Veterinary Supplements Market Report by TMR highlights the factors that encourage as well as restrain the veterinary supplements market size. The latest trends and opportunities have also been captured in the report.

Key Takeaways from Veterinary Supplements Market Report

  • Pet Humanization Spelling Veterinary Supplements Market Growth

The loneliness quotient across the globe has been on the higher side since the last few years. This is largely due to reducing human interaction and partly due to single-child norm penetrating the developing economies.

Millennials in the U.S. and the U.K. comprise the largest population of pet owners worldwide. Nevertheless, the older generation finds respite in pets, as they help it in coming to terms with empty nest syndrome left by their children who have moved out to test their fortunes.

Though pet adoption phenomenon is common in the Western countries, it has gained traction in the Asian countries, particularly since the onslaught of pandemic. Research states that 60% of Asian citizens have a pet at home and 32% declare their dogs and cats as their best friends.

The shift to parenthood from ownership as mentioned above is generating demand for premium products, especially supplements. The premium brands are adopting human-like dietary labels such as 'locally sourced' or 'organic' to gain a wider consumer base. In June 2023, Purina Pro Plan Veterinary Supplements announced launching of Joint Care, a novel soft chewable supplement that extends support to mobility, health cartilage, and joint in puppies and dogs of all breeds.

At times, the demand for veterinary supplements also comes from pet influencers that have millions of followers on popular social media platforms. These influencers could facilitate several partnerships with the brands.

  • Need to Combat Pet Diseases Augmenting Veterinary Supplements Market Size

Veterinary Supplements Market Report Scope:

Report Coverage

Details 

Forecast Period  

2023-2031

Base Year  

2017-2022

Size in 2022

US$ 8.3 Bn

Forecast (Value) in 2031

US$ 15.2 Bn

Growth Rate (CAGR) 

6.9 %

No. of Pages 

260 Pages 

Segments covered 

By Supplement Type, By Animal Type, By Application/Benefit Area, By Dosage Form, By Distribution Channel, By Region

Pets can contract several health ailments such as arthritis, obesity, allergies, age-related ailments, and digestive disorders. Veterinary supplements play an important role in catering to these health concerns and promulgating preventive care in the pets. They are formulated such that they can solve the issues pertaining to joints, digestion, and immune function.

Disease risks for canines in social gathering include canine distemper, canine influenza, canine parvovirus, external parasites, fungal infections, heartworms, heatstroke, intestinal parasites, kennel cough, leptospirosis, and many others. The American veterinary Dental Society states that over 80% of the dogs and 30% of the cats contract gum disease by the age of three. Intake of veterinary supplements strengthening the gums right from infancy is recommended by the healthcare personnel.

Veterinary supplements, with addition of curcumin/turmeric, have demonstrated anti-inflammatory and anti-oxidative effects.

Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=47583 

Veterinary Supplements Market Regional Insights

North America – The Market Leader

North America holds over 30% of the veterinary supplements market share and would continue with its dominance between 2023 and 2031 as well. This is due to the ongoing trend of pet humanization, which is expected to continue further as well. As per the American Pet Product Association (APPA), the U.S. population houses 89.7 million pet dogs. As per the National Pet Owners Survey in 2021, 50% of the Americans spend the same or more amount on health of pets than for themselves.

Leading Players in Veterinary Supplements Industry

Zoetics, Ceva Sante Animale, Elanco Animal health, Vetoquinol S.A., Dechra Pharmaceuticals plc, merck Animal health, Virbac S.A., Boehringer Ingelheim, Norbrook Laboratories Limited, hester Biosciences Limited, Merial Animal Health Limited, Novartis Animal Health, Inc., Nutreco N.V., and Ouro Fino Saúde Animal

Key Strategies by Prominent Veterinary Supplement Manufacturers

Leading players encompassing the veterinary supplements market report scope are engaging in facility expansions, partnerships, new product launch, and mergers & acquisitions to carve a niche for themselves. For instance, in June 2023, Zoetis announced that the U.S. FDA had approved apoquel Chewable to exercise control over pruritis linked with allergic dermatitis and atopic dermatitis in dogs aged one.

In March 2023, Mars Petcare introduced Pedigree Multivitamins. The company's product line comprises three kinds of soft chews especially designed for meeting the pets' essential needs.

Market Segmentation

  • Supplement Type
    • Anti-oxidants
    • Vitamins
    • Proteins/Amino Acids
    • Enzymes
    • Probiotics
    • Essential Fatty Acids
    • Others
  • Animal Type
    • Companion Animals
      • Dog
      • Cat
    • Livestock
      • Cattle
      • Horse
      • Sheep
      • Others
  • Application/Benefit Area
    • Joint Health Support
    • Calming/Stress/Anxiety
    • Digestive Health
    • Energy & Electrolytes
    • Immunity Support
    • Skin & Coat Health
    • Others
  • Dosage Form
    • Pills & Tablets
    • Chewables
    • Powders
    • Others
  • Distribution Channel
    • Small Animal Veterinary
    • Large Animal Veterinary
    • Mixed Animal Veterinary
    • Retail Stores
    • Drug Stores
    • Online Stores

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=47583&ltype=S 

More Trending Reports by Transparency Market Research –

  • Red Biotechnology Market - The global red biotechnology market is projected to advance at a CAGR of 5.6% from 2022 to 2031.
  • Live Biotherapeutics Market is projected to advance at a CAGR of 14% from 2024 to 2034 and reach more than US$ 422.9 Mn by the end of 2034
  • Nocturia Market is expected to grow at a CAGR of 8.0% from 2024 to 2034 and reach US$ 8.5 Bn by the end of 2034
  • Neuroregeneration Therapy Market is expected to grow at a CAGR of 5.3% from 2024 to 2034 and reach US$ 64.8 Bn by the end of 2034

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information. 

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. 

Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com  
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube

Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg

Modal title

Also from this source

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Over the last year, several companies have announced new semiconductor fabrication sites, especially in the U.S., India, and Europe. These...

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

The market was valued at US$ 6.9 billion in 2022. The Silicon Metal Market Growth is estimated to reach US$ 10.7 billion by the end of 2031,...

More Releases From This Source

Explore

Health Care & Hospitals

Health Care & Hospitals

Biotechnology

Biotechnology

Medical Pharmaceuticals

Medical Pharmaceuticals

Supplementary Medicine

Supplementary Medicine

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.