The North America Pet Supplements Market would witness market growth of 5.6% CAGR during the forecast period (2021-2027).
Pet supplement is defined as food manufactured from plant and animal raw materials having a high content of nutrients to fulfil the needs for protein, vitamin, or mineral deficiencies. It offers crucial nutrients, which assist in enhancing the health of pets, such as dogs, freshwater fishes, cats, birds, reptiles, and horses. The growth of the overall pet supplement market is expected to witness bright growth prospects due to the growing adoption of animals for petting and increasing concerns regarding animal welfare.
Moreover, there is a considerable increment in the trend of petting reptiles like a bearded dragon, tortoise, leopard gecko, and turtle because of their advantages like they do not shed fur, need low maintenance, and do not require training. Additionally, a surge in consumer awareness about pet supplements and growing acceptance of organic pet food are creating new growth avenues for the pet supplement market over the forthcoming years.
The presence of leading market players of the pet supplement market in this region is fueling the growth of the North America Market. In addition, these players are aiming to introduce new & innovative food products in the pet food category in order to cater to the demand for different kinds of animals. This is estimated to create new growth avenues for the players operating in the regional pet supplement market in the upcoming years.
Moreover, the emerging trend of owing and treating a pet like a family member is creating more demand for pet supplements and related food items. Additionally, the favorable government support to enhance the utilization of secure, healthy, and natural ingredients in pet food items are anticipated to fuel the growth of the pet supplement market during the forecast period.
The US market dominated the North America Online Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $226.3 million by 2027. The Canada market is experiencing a CAGR of 8.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7.4% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Pet Type, the market is segmented into Dogs, Cats and Other types. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Pet Supplements Market is Estimated to Reach USD 2.1 Billion by 2027 at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dechra Pharmaceuticals PLC, Nestle S.A., Elanco Animal Health, Inc., Zoetis, Inc., Nutramax Laboratories, Inc., NOW Foods, Inc., Ark Naturals, Kemin Industries, Inc., FoodScience Corporation (Wind Point Partners), and Honest Paws, LLC.
By Distribution Channel
By Pet Type
By Country
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