Analysis of Dogs Supplements market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global demand for dogs supplements is expected to witness progressive growth over the forecast period. Rising pet dog population and subsequent increasing health concerns of pet owners are predicted to result in the upliftment of demand for dog supplements in the assessment period.
Healthy and nutritious food for dogs is being purchased by dog owners. This is expected to boost the sales of supplements globally. An increase in spending capacity on dog health products and a growth in their adoption are driving the dogs supplements market and might continue to expand the market operations even further.
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Pet owners are willing to spend more money to ensure safety of their pets by looking for supplements that are better in taste, more effective, long lasting and cure more health diseases. Due to this, a surge in demand for health supplements is expected in the coming years.
Millennials as pet owners believe that pets and children are alike and both need proper care and hence should be treated in the same way. The supplements consist of vitamins that are organic and herbal and helps in fighting gastrointestinal problems and work as antioxidants which aid in anti-ageing. All this is predicted to result in higher demand in the market.
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US is one of the key markets for dogs supplements worldwide. US dogs supplements market is to notice a prominent growth rate during the assessment period 2021-2031.
According to a recent study, around one-third of the dogs in the US are fed essential vitamins via supplements that are very helpful to assist arthritis joints and in minimizing shedding through fatty acids. Supplements contain multivitamins that can cure various health diseases which might be a key reason to increase demand in the region.
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Different customers are attracted by various benefits offered by these supplements such as weight loss and fighting other health problems. Higher pet adoption has contributed to an increase in demand.
As per the latest study, the overall household pet adoption has risen to 68% in Europe which is expected to be the main reason for the rising demand for dogs supplement in that region.
Some key manufacturers functioning in business in dogs supplements market includes
Various strategies are adopted by key players to expand their market share. These include increasing their investments in developing their websites to strengthen their role on e-commerce platforms. Alongside, an increase in product awareness is seen and different innovative products are being manufactured from organic and natural sources. Due to this, a large customer base can be created in the next few years.
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 an 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.
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may time to reflect in the analysis.
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The dog supplements market is likely to record a CAGR of 5.9% during the forecast period.
The dog supplements market has high growth potential owing to a rise in pet humanization trends and surges in spending on dog food t keep them healthy.
The manufacturers of the dog supplements industry are likely to find the most opportunities in the United States market.
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