Global Pet Food Nutraceuticals Market Size, Share, Trends, & Growth Forecast Report – Segmented By Ingredient Type (Omega 3 Fatty Acids, Proteins And Peptides, Milk Bio Actives, Probiotics, Dietary Fibre and Others), Function Type (Nutrition/Therapeutic and Supplements), Pet Type (Cats, Fish, Dogs, Bird and Others), Application (Weight Management, Immune System, Food Allergies, Pain Relief, Digestive Health, Skin And Coat, Eye Care and Others) and Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)- Industry Analysis From 2024 to 2032
Global Pet Food Nutraceuticals Market Size (2024 to 2032)
The global pet food nutraceuticals market was valued at USD 5.18 billion in 2023 and is anticipated to reach USD 5.37 billion in 2024 from USD 7.45 billion by 2032, growing at a CAGR of 4.12% from 2024 to 2032.
CURRENT SCENARIO OF THE GLOBAL PET FOOD NUTRACEUTICALS MARKET
The health-conscious user perceives nutrition-enabled foods as a substitute for healthcare expenses, thereby driving the growth of the global nutraceutical market.
The pet food nutraceuticals market is characterized as dietary supplements functional or medicinal food products that supply a source of a standard vital nutrient, like calcium or vitamin A. They are meant to function as supplements and guarantee the nutritional wholeness of the pet diet.
The growth of the pet food nutraceuticals market is majorly driven by factors such as an increasing number of people adopting pets, user attitudinal transformation towards pets with curiosity about their nutrition and health, and rapid urbanization.
Factors such as different regulatory bodies and a lack of raw materials are restraining the growth of the market. Another major challenge for the market is the lack of recognition of pet food in underdeveloped countries due to low incomes.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
4.12% |
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Segments Covered |
By Ingredient Type, pet type, Function Type, Application Type, and Region |
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Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Diana group, BASF SE, Chr. Hansen A/S, Kemin Industries Inc., Nutraceutical International LLC, and Royal DSM N.V. |
SEGMENT ANALYSIS
Global Pet Nutraceuticals Market By Function Type
REGIONAL ANALYSIS
North America and Europe are the main users, accounting for around 60% of the entire market. The U.S. is the major market and is also projected to be the fastest-growing country in North America. The Asia Pacific market has the highest CAGR due to factors such as increasing urbanization and growing disposable incomes, thereby leading to increased adoption of pets.
KEY PLAYERS IN THE GLOBAL PET NUTRACEUTICALS MARKET
The major players in this market are focusing in the areas of Digestive health, weight management, and beauty (Skin and Coat). The major companies dominating the global pet food nutraceuticals market are Diana group, BASF SE, Chr. Hansen A/S, Kemin Industries Inc., Nutraceutical International LLC, and Royal DSM N.V.
DETAILED SEGMENTATION OF THE GLOBAL PET FOOD NUTRACEUTICALS MARKET INCLUDED IN THIS REPORT
This research report on the global pet food nutraceuticals market has been segmented and sub-segmented based on ingredient type, pet type, function type, application type, and region.
By Ingredients Type
- Omega 3 Fatty Acids
- Proteins And Peptides
- Milk Bio Actives
- Probiotics
- Dietary Fiber
- Others
By Function Type
- Nutrition/Therapeutic
- Supplements
By Pet Type
- Cats
- Fish
- Dogs
- Bird
- Others
By Application Type
- Weight Management
- Immune system
- Food Allergies
- Pain Relief
- Digestive Health
- Skin and Coat
- Eyecare
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Frequently Asked Questions
What is the current size of the Global Pet Food Nutraceuticals Market?
The global pet food nutraceuticals market is expected to be valued at USD 5.37 billion in 2024
Which region dominates the Global Pet Food Nutraceuticals Market in terms of market share?
North America and Europe dominate the global pet food nutraceuticals market.
What factors contribute to the growth of the Pet Food Nutraceuticals Market in Europe?
The growth of the Pet Food Nutraceuticals market is majorly driven by factors such as an increasing number of people adopting pets, user attitudinal transformation towards pets with curiosity about their nutrition and health, and rapid urbanization.
How is the Pet Food Nutraceuticals Market performing in Asia-Pacific in terms of revenue?
The Asia Pacific market has the highest CAGR due to factors such as increasing urbanization and growing disposable incomes, thereby leading to increased adoption of pets.
who are the key market players involved in the Pet Food Nutraceuticals Market ?
Diana group, BASF SE, Chr. Hansen A/S, Kemin Industries Inc., Nutraceutical International LLC, and Royal DSM N.V.
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