– The pet adoption rate is increasing rapidly worldwide and this factor will serve as a growth spurt for the pet food supplement market over the 2021-2031 assessment period
– The Pet Food Supplements Market is projected to grow ~ 6 percent in the forecast period 2021-2031
ALBANY, NY, May 4, 2021 / PRNewswire / –
Pet Nutritional Supplements Market: Growth Summary
Pet ownership statistics have increased over the years due to the increasing popularity of pets as a stress buster and increasing awareness of the importance of pet adoption. The 2019-2020 National Pet Owners Survey found that nearly 85 million families were in The United States own a pet. These statistics show the increasing trend in pet adoption.
Many people around the world who own pets focus intensely on their diet to keep them healthy and protected from various diseases and disorders. Dietary supplements play a vital role in maintaining pet health. Based on all these aspects, the pet food supplements market will show a positive growth trajectory in the assessment period 2021-2031.
Pet food supplements are dietary supplements that are used in pet foods to improve the nutritional performance of food products. The dietary supplements provide the pets with the necessary nutrition and also help fight various diseases and disorders. The benefits associated with the pet food supplement are a good sign of growth.
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The Transparency Market Research (TMR) team estimates after a thorough and detailed analysis that the pet food supplements market has a CAGR of ~ 6 percent in the assessment period 2021-2031. The global pet food supplement market is expected to outperform the valuation of $ 6.9 billion until the end of the assessment period in 2031.
The growing awareness of the importance of pet food supplements is expected to bring tremendous growth opportunities in a large proportion of the population. The escalating aging population among pets and the problems associated with aging will serve as a key growth driver for the pet food supplement market. In addition, the use of nutritional supplements to improve the external aspects of a pet, such as: B. grooming, also bring a profitable growth.
Discover 344 pages of superlative research, current market scenarios and extensive geographic projections. Get insights into the Pet Food Supplements Market (Pet: Dog, Cat, Horse, and Others; Diet Supplements: Glucosamine, Omega-3 Fatty Acids, Probiotics and Prebiotics, Multivitamins, Antioxidants, Proteins and Peptides, etc.). Ingredient: Fish, Meat & Other Animal Derivatives, Dairy Products & Eggs, Vegetables, Grain & Grain By-products and Others; Form: tablets & capsules derivatives, soft gels & gums, liquids, powders and others; Application: skin & coat, joint health, liver, gastrointestinal tract, kidney support, balanced nutrition and others; and sales channel: online and offline) – Global industry analysis, size, share, growth, trends and forecast, 2021-2031 at https://www.transparencymarketresearch.com/ pet-diätetika-market.html
Main findings of the report
Pet nutritional supplements strengthen pets’ immunity, which is vital for longer life
The great advantage of pet food supplements is that they help keep pets immune. A good immune system reduces the risk of osteoarthritis, cancer, heart disease, and other disorders in pets. The supplements help regulate cells and ensure that they remove harmful pathogens from the pet’s system. This factor also helps pets age gracefully. All of these factors will greatly enhance the growth prospects of the pet nutritional supplement market.
To analyze global pet food supplements market growth in over 30 countries including the USA, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Vegan trend to penetrate deeply into the pet food supplement market
The vegan trend is not only popular with people, it is also very popular with pets. The growing preference of many pet owners to opt for vegan pet food has resulted in a range of plant-based dietary supplements that have the same amount of nutritional composition as animal-based dietary supplements. Therefore, cruelty-free and vegan pet food supplements will be a top priority throughout the evaluation period.
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CBD-based pet food supplements as growth promoters
CBD has gained exponential popularity in humans due to its multitude of health benefits in terms of pain and anxiety relief. CBD is also gaining traction in the pet food supplement industry because of the massive benefits it brings to pets. They are safe and can go a long way in eliminating anxiety and addressing other problems in pets.
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