The US Pet Supplement Market at a CAGR of 5.7% during the forecast period 2024โ2032 | Astute Analytica
Growth driven by increasing pet ownership, rising awareness of pet health, and advancements in supplement formulations.
CHICAGO, UNITED STATES, May 30, 2024 /EINPresswire.com/ -- The ๐๐ ๐ฉ๐๐ญ ๐ฌ๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ is experiencing remarkable growth, with its valuation reaching ๐๐$ ๐๐๐.๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐. This market is projected to exceed a valuation of ๐๐$ ๐,๐๐๐.๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, reflecting a robust compound annual growth rate (๐๐๐๐) ๐จ๐ ๐.๐% ๐๐ซ๐จ๐ฆ ๐๐๐๐ ๐ญ๐จ ๐๐๐๐. This promising trend underscores the expanding opportunities within the pet health and wellness sector.๐๐๐ฏ๐๐ซ๐๐ฅ ๐ค๐๐ฒ ๐๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ซ๐ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ญ๐ซ๐๐ฃ๐๐๐ญ๐จ๐ซ๐ฒ:- https://www.astuteanalytica.com/request-sample/us-pet-supplement-market
๐. ๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐ญ ๐๐ฐ๐ง๐๐ซ๐ฌ๐ก๐ข๐ฉ: The number of pet owners in the United States continues to rise, contributing significantly to the demand for pet supplements. Pets are increasingly viewed as integral members of the family, prompting owners to invest more in their health and well-being.
๐. ๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐ฐ๐๐ซ๐๐ง๐๐ฌ๐ฌ ๐จ๐ ๐๐๐ญ ๐๐๐๐ฅ๐ญ๐ก: Pet owners are becoming more informed about the health benefits of supplements for their animals. This heightened awareness is leading to increased adoption of pet supplements aimed at improving joint health, coat condition, digestive health, and overall vitality.
๐. ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ ๐ ๐จ๐ซ๐ฆ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง๐ฌ: Continuous research and development efforts have resulted in more effective and specialized pet supplements. Innovations in formulations are making supplements more palatable and easier to administer, further driving market growth.
๐. ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐จ๐ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ๐ฌ: The availability of pet supplements through various channels, including online platforms, veterinary clinics, and retail stores, has made these products more accessible to a wider audience.
The pet supplement market in the US is poised for sustained growth, reflecting broader trends in the pet care industry. As consumers prioritize the health and longevity of their pets, the demand for high-quality, effective supplements is expected to rise. Key market players are likely to invest further in research and development, marketing, and expanding their product portfolios to capture a larger share of this burgeoning market.
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ ๐๐ ๐ฉ๐๐ญ ๐ฌ๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐ ๐ข๐ญ๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ๐๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐๐จ๐ง๐ญ๐๐๐ญ:- https://www.astuteanalytica.com/industry-report/us-pet-supplement-market
๐๐จ๐ฉ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ ๐๐๐ญ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ
Novotech Nutraceuticals, Inc.
VetriScience Laboratories
Virbac Corporation
Zoetis Inc.
Ark Naturals
Kemin Industries, Inc.
Nestlรฉ Purina Pet Care Company
NOW Health Group, Inc.
TruRx LLC
Hill's Pet Nutrition Inc.
WellPet LLC
Blue Buffalo Pet Products Inc.
iVet Professional Formulas
Food Science Corporation
PetAg, Inc.
Garmon Corp
GNC Holdings, LLC
DSM
Nutramax Laboratories, Inc.
PetHonesty
Zesty paws
Bayer AG
WoofWell
Rogue Pet Science
Other Prominent Players
Market Segmentation Overview:
By Type
Chews & Bites
Powder
Liquid
Spray
Others
By Product Type
Glucosamine
Probiotics
Multivitamins
Omega-3 Fatty Acids
Others
By Specialty Type
Joint Health
Digestive Health
Weight Management
Skin and Coat Health
Dental Care
Others
By Application
Dogs
Cats
Horses
Others
By Sales Channel
Convenience Stores
Multi-Brand Stores
Pet Specialty Stores
Online Retailing
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ@- https://www.astuteanalytica.com/request-sample/us-pet-supplement-market
๐๐๐จ๐ฎ๐ญ ๐๐ฌ๐ญ๐ฎ๐ญ๐ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐:
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Aamir Beg
Astute Analytica
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