Dog Vitamins Market Forecast and CAGR
According to latest research by Fact.MR, dog vitamin sales is set to witness steady growth during 2021-2031. Demand for pet vitamins will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Increasing pet adoption rate owing to current trend in keeping pet dogs is about to play a major role in supporting the overall sales. Also, growing concern of the pet owners pertaining to balanced diet owing to increasing awareness on pet wellness is about to bolster the sales in the coming years.
What is Driving Demand in Dog Vitamins Market?
Dogs have been an integral part of regular households from being a stray to becoming member of family this transition have come a long way over the years.
The pet population has been significantly increasing with that of humans over the globe. Keeping dog as a pet has become a trend in current era. About one-third of the global households have a dog as a pet animal.
Dogs do require vitamins as a part of their diet as humans do. Vitamins improves skin, increases bone density and strength of teeth and helps in providing overall energy to function.
Growing concern of dog owners pertaining to healthy and balanced diet has been a prime reason for growing dog vitamins demand. Owing to such factor dog vitamin manufacturers are continuing to generate profits by introducing multivitamins and other related products in newer types such as chewable tablets, liquids etc., which could ease the process for the owners in providing vitamins to their pet dogs.
All in all, the global dog vitamins sales is expected to grow at a moderate rate of which, chewable tablets and liquid type vitamins is anticipated to account for a significant demand share and is set provide substantial boost to the overall product sales.
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Key Statistics Supporting the Surge in Dog Vitamins Sales
Vitamins have been an integral part of a dog’s diet owing to myriad benefits. Increasing awareness among dog owner’s owing to easy availability of information from vets and internet has contributed towards increasing sales of dog vitamins.
- It is estimated that major economies such as USA, China and Russia have pet dog population of about 69.9 Mn, 27.4 Mn and 11.6 Mn respectively
- In Latin America Mexico and Brazil has highest number of pet dog owners
- In South Asia, the number of pet dog owners are significantly less compared to other regions, whereas East Asia have high numbers of pet dog population.
- As per a survey conducted by Australian govt. in 2019 households in Australia have an estimated pet dog population of about 5.1 Mn
Above statistics supports the increasing population of pet dogs globally, which have been contributing towards increasing demand for dog vitamins. Moreover, further increasing owners awareness on benefits of vitamins for dogs is likely to project more adoption rate of the product, which is significantly affecting sales growth.
US and Canada Dog Vitamins Market Outlook
According to the American Pet Products Association (APPA), in the United States, it is estimated that 78 million dogs are owned, which accounts for approximately 44% of all households that have a dog. As per, Canadian Animal Health Institute (CAHI) there are about 8.2 million pet dog population present in Canada. In addition to that, more than 70% of the millennials in the US owns a pet dog.
The dog vitamin sales is solely dependent on the increasing number of pet dogs, which is been significantly halted owing to the COVID-19 pandemic. Post pandemic, a higher number of pet dog adoption is about to bolster the dog vitamins market, which in turn would create a higher inflow of cash for the manufacturers in this region
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East Asia Demand Outlook for Dog Vitamins Market
In East Asia, China accounts for majority of the pet dog’s ownership. More than fifty percent of the homes have a pet in their home of which majority of them are dogs. This is due to the fact that increasing disposable income in this region has led to such higher number of pet adoption.
Also, majority of the security units, police and defense organizations in China have dogs as a serving member in order to help clear and detect any obstacles or threat during hazardous situations. That’s why population of dogs in China is slightly on the higher side in East Asia.
Growing dog population and increasing pet owners concern pertaining to pet dog’s health can lead to surge in demand for vitamins. Moreover, creating awareness campaign about dog vitamins in food for balance diet would harness the sales of the vitamins.
Who are the Key Manufacturers and Suppliers of Dog Vitamins?
Some of the leading manufacturers and suppliers of dog vitamins include
- Nestle Purina Pet Care
- Ark Naturals
- NOW Food
- Kemin Industries
- VetriScience Laboratories
- Novotech Nutraceuticals
- Focus Pet supplements
- other prominent players.
Majority of the manufacturers and suppliers have diversified supply chain network across the globe, which have been enabling them to cater the growing needs of dog vitamins. In addition to that, the manufacturers have maintained a vast product portfolio through which they are easily attracting newer customers towards them.
Owing to the COVID-19 pandemic the online sales is boosting, through which dog owners are ordering vitamins and related products in bulk. Thus, key players involved in providing products through online medium have experienced fruitful business opportunities during the ongoing pandemic. The market is the highly fragmented with a large number of players globally.
An Adaptive Approach to Modern-day Research Needs
Dog Vitamins Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
- Chewable Tablets
By Distribution Channel
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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