Pet Allergy Immune Supplements Market
Pet Allergy Immune Supplements Market Analysis by Dogs, Cats, and Horses in Pills, Chewables, and Powder from 2023 to 2033
Analysis of Pet Allergy Immune Supplements Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Pet Allergy Immune Supplements Market Outlook (2023 to 2033)
Newly-released pet allergy immune supplements market analysis report by Fact.MR reveals that global sales of pet allergy immune supplements market in 2022 were held at US$ 228 million. With 12.2% projected growth from 2023 to 2033, the market is expected to reach a valuation of US$ 800 million by the end of the forecast period.
Pet allergy immune supplements for dog is expected to generate significant revenue and is projected to grow at a CAGR of over 12% from 2023 to 2033.
| Attributes | Details |
|---|---|
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Global Pet Allergy Immune Supplements Market Size (2022) |
US$ 228 million |
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Global Pet Allergy Immune Supplements Market Size (2033) |
US$ 800 million |
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Global Pet Allergy Immune Supplements Market CAGR (2023 to 2033) |
12.2% |
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U.S. Pet Allergy Immune Supplements Market CAGR (2023 to 2033) |
12% |
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Key Companies Covered |
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Revenue of Pet Allergy Immune Supplements Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033
As per the research of the pet allergy immune supplements market by Fact.MR- a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 9.6% CAGR. With an absolute dollar opportunity of US$ 546 million, the market is projected to reach a valuation of US$ 800 million by 2033.
What are the Key Drivers Influencing the Market Expansion?
Pet allergy immune supplements are dietary supplements specifically formulated to support the immune system of pets suffering from allergies. These supplements are designed to help alleviate allergy symptoms in pets, such as itching, scratching, and skin irritation, by boosting the immune system's response to allergens. These contain a combination of natural ingredients that are believed to have anti-inflammatory and immune-boosting properties, such as omega-3 fatty acids, probiotics, antioxidants, and herbal extracts.
According to the American Pet Products Association, in 2020, around 85 million households in the United States were having a pet. Among these pets, dogs are most popular, with 63.4 million households owning at least one dog, while cats are the second most popular, with 42.7 million households owning at least one cat. The growing pet population worldwide, increasing spending on pets, and growing awareness of pet allergies are the key market drivers.
The market has witnessed growth of start-up businesses and acquisitions of smaller competitors by the larger players in the pet sector. People for Pets, for example, which was launched in 2021 has witnessed significant growth since its inception.
The company was bought by the Australian Real Pet Food Company in 2022, after launching the first line of herbal water treats created in Australia, Nectar of the Dogs. Consumers are increasingly looking for natural and safe products for their pets, and supplements are seen as a way to boost their pets' immune systems and overall health. This influences the market growth in upcoming years.
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Region-Wise Analysis
Which Region is projected to Offer Significant Market Growth?
North America is a prominent shareholder in the market with a market size of US$ 93.7 million in 2022 and is estimated to reach US$ 104.3 million in 2023. It is projected that the region will have a market worth US$ 328.8 million by 2033.
In 2021, the United States had significant spending on pet animals which was around US$ 109.6 billion. Around 35% of pet owners stated that they spent more on supplies including food, followed by wellness-related products, and other body care products. The growing number of pet owners and significant spending on pet drives the regional market.
Country-Wise Analysis
United States Pet Allergy Immune Supplements Market Analysis:
The market in the United States is expected to grow to be worth US$ 283.4 million by 2033, with an absolute dollar growth of US$ 191.7 million from 2023 to 2033. The market in the United States has grown at a CAGR of 9.4% from 2018 to 2022 and is expected to grow at a CAGR of 11.9% from the year 2023 to 2033.
According to a survey conducted by the Companion Animal Parasite Council, in 2020, flea infestations were reported in 24.4% of dogs and in 18.4% of cats in the United States. Flea allergy dermatitis is the most common skin disease in dogs, accounting for up to 40% of all cases of canine skin diseases. With the increasing awareness of pet allergies and their impact on human health, more number of people are looking for ways to manage pet allergies. Pet allergy immune supplements are becoming more popular as a natural and safe way to reduce allergy symptoms. This is expected to influence the market growth in the upcoming years.
United Kingdom Pet Allergy Immune Supplements Market Analysis:
The market in the United Kingdom is expected to grow to be worth US$ 33.7 million by 2033, with an absolute dollar growth of US$ 22 million. The market in the country has grown at a CAGR of 8.5% from 2018 to 2022 and is expected to grow at a CAGR of 11.2% from 2023 to 2033.
According to research, in 2020, the United Kingdom's pet supplement sales was held at over US$ 142 million and it is expected to grow at a CAGR of 2.7% during the forecasted period. Dog supplements are the largest category within the pet supplements market, accounting for 71.7% of the total sales, while the cat supplements category accounted for 23.2% of the market share in the same year. This influences the growth of pet allergy supplements market in the upcoming years.
China Pet Allergy Immune Supplements Market Analysis:
In China, the market is expected to grow to be worth US$ 57.4 million with an absolute dollar growth of US$ 38.1 million. The market in China has grown at a CAGR of 9% from 2018 to 2022 and is expected to grow at a CAGR of 11.5% from 2023 to 2033.
According to National Bureau of Statistics of China, the pet ownership rate in the country has been steadily increasing in recent years. In 2020, there were over 99.15 million pet dogs and 76.68 million pet cats in China, making it one of the largest pet-owning countries in the world. The growing number of pet population worldwide, increasing spending on pets, and increasing awareness of pet allergies are the key market drivers in China.
Japan Pet Allergy Immune Supplements Market Analysis:
In Japan, the market is expected to grow to be worth US$ 46.9 million with an absolute dollar growth of US$ 29.8 million. The market in Japan has grown at a CAGR of 8% from 2018 to 2022 and is expected to grow at a CAGR of 10.6% from 2023 to 2033.
According to a report by the Japan Pet Food Association, in 2020, there were over 9.9 million pet dogs and 11.5 million pet cats in Japan. Flea infestations can be a major problem for pets in Japan, particularly during the warmer months when flea populations tend to be higher. It is important for pet owners to take preventive measures such as regular flea treatment and grooming to help reduce the risk of flea infestations and FAD. Pet allergy immune supplements are becoming more popular as a natural and safe way to reduce pet allergy symptoms.
India Pet Allergy Immune Supplements Market Analysis:
The India, the market is expected to grow to be worth US$ 28.7 million by 2033, with an absolute dollar growth of US$ 17.9 million. The market in India has grown at a CAGR of 7.5% from 2018 to 2022 and is expected to grow at a CAGR of 10.3% from 2023 to 2033.
In 2019, there were over 21.4 million and 2.5 million households with pet dogs and cats in India, respectively. The number of household pets has increased as a result, the pet supplement market in India is expected to grow at a CAGR of 10.15% during the forecast period. The growing population of pet animals is expected to drive the market growth in India.
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Category-Wise Insights
Pet Allergy Immune Supplements for Dogs is projected to Witness Significant Growth?
Immune supplements for pet dogs is projected to witness significant growth with a CAGR of 9.4% from 2018 to 2022 and is expected to grow at a CAGR of 12% from 2023 to 2033.
Pet allergy immune supplements are products that are formulated to support and enhance the immune system of pets suffering from allergies. These supplements are becoming increasingly popular as more pet owners are becoming aware of the importance of maintaining their pets' health and well-being.
The market for dog supplements is growing due to the increasing number of pet dogs worldwide, increasing health concerns of pet owners, rising demand for pet healthcare products, and the growing prevalence of allergies in pets leads to an increase in global sales of pet immune supplements market during the forecast period.
Why Pet Allergy Immune Supplements are Most Sold in Pills Form?
Demand for pet allergy immune supplements in pills form is projected to witness significant growth with a CAGR of 9.2% from 2018 to 2022 and is expected to grow at a CAGR of 11.6% from 2023 to 2033.
Pet allergy immune supplements are formulated to support and enhance the immune system of pets suffering from allergies. These supplements come in different forms, including pills, chews, liquid, and powder. While pills are a popular form of pet supplements, the choice of supplement form can vary depending on the pet's preference, ease of administration, and the condition being treated. For example, some pets may find it easier to take supplements in the form of chews or liquids, while others may prefer pills.
Competitive Analysis
Key players in the market are Virbac, Elanco, Zesty Paws, Dinovite, ElleVet, VetPro Complete, Finn, PetHonesty, Native Pet, Vet Classics, Pupper, BIXBI Pet, Zenapet, and PetLab Co.
A few of the recent developments in the market are:
- In August 2021, PetLab Co announced the launch of a new line of probiotic supplements for dogs. The supplements are designed to promote digestive health in dogs and contain a blend of probiotic strains, prebiotic fibers, and digestive enzymes.
- In May 2021, PetLab Co announced the launch of a new line of skin and coat supplements for dogs. The supplements contain a blend of natural ingredients, such as omega-3 and omega-6 fatty acids and biotin, and are formulated to promote healthy skin and a shiny coat in dogs.
- In May 2021, PetHonesty, a leading pet supplement company, was acquired by KKR, a global investment firm. The acquisition was seen as a strategic move for KKR to enter in to the pet health and wellness market, which was experiencing steady growth. PetHonesty, which offers a range of natural and organic supplements for pets, was expected to benefit from KKR's global resources and expertise in growing businesses.
Segmentation of the Pet Allergy Immune Supplements Market
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By Pet Type :
- Dogs
- Cats
- Horses
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By Form :
- Pills
- Chewables
- Powder
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By Distribution Channel :
- Online
- Offline
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By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- FAQs -
What value is the market estimated to reach in 2023?
The global market size is estimated to be valued at US$ 254 million in 2023.
What was the global market size for 2022?
The market was reported at US$ 228 million in 2022.
What valuation is the market estimated to reach by 2033?
The market is expected to reach a valuation of US$ 800 million by 2033.
What value CAGR did the market exhibit over the last 4 years?
The market registered a CAGR of 9.6% over the last 4 years.
What is the projected CAGR for the market from 2023 to 2033?
The market is projected to witness a CAGR of 12.2% from 2023 to 2033.
For Which Pet, the pet allergy immune supplements demand is expected to witness significant demand?
The market for pet dogs is projected to witness large demand and is expected to grow at a CAGR of 12% from 2023 to 2033.
Which is the top form of the Pet Allergy Immune Supplements that is expected to witness huge demand and what is its projected CAGR?
Pills are the top form of the pet allergy immune supplements through which the market is projected to witness large demand till 2033 with expected growth at a CAGR of 11.6% by 2033.
What is the expected market size in the United States by 2033?
The market in the United States is projected to witness a market size of US$ 283.4 million and is expected to grow at a 11.9% CAGR from 2023 to 2033.
Which are the key companies offering Pet Allergy Immune Supplements?
Key players in the market are Virbac, Elanco, Zesty Paws, Dinovite, ElleVet, VetPro Complete, Finn, PetHonesty, Native Pet, Vet Classics, Pupper, BIXBI Pet, Zenapet, and PetLab Co.
Pet Allergy Immune Supplements Market
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