Global Pet Food Nutraceuticals Market Size, Share, Trends, COVID-19 Impact & 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 2029.

Published: January, 2024
ID: 1259
Pages: 175

Global Pet Food Nutraceuticals Market (2023 to 2028)

The global pet food nutraceuticals market is expected to be valued at USD 5.16 billion in 2023 and is estimated to grow at a CAGR of 4.12% during the forecast period to reach a valuation of USD 6.31 billion by 2028.

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

REPORT METRIC

DETAILS

Market Size Available

2023 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

4.12%

Segments Covered

By Ingredient Type, pet type, Function Type, Application Type, and Region

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

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Diana group, BASF SE, Chr. Hansen A/S, Kemin Industries Inc., Nutraceutical International LLC, and Royal DSM N.V.

 

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.

Global Pet Food Nutraceuticals Market - By Ingredient Type:

  • Omega 3 Fatty Acids
  • Proteins And Peptides
  • Milk Bio Actives
  • Probiotics
  • Dietary Fiber
  • Others

Global Pet Food Nutraceuticals Market – By Function Type:

  • Nutrition/Therapeutic
  • Supplements

Global Pet Food Nutraceuticals Market – By Pet Type:

  • Cats
  • Fish
  • Dogs
  • Bird
  • Others

Global Pet Food Nutraceuticals Market – By Application Type:

  • Weight Management
  • Immune system
  • Food Allergies
  • Pain Relief
  • Digestive Health
  • Skin and Coat
  • Eyecare
  • Others

Global Pet Food Nutraceuticals Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

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 MARKET PLAYERS:

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.

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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 5.16 billion in 2023.

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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