Pet Food Nutraceuticals Market

Global Pet Food Nutraceuticals Market Size (2024 to 2032)

The global pet food nutraceuticals market was expected to be 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

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