Global Veterinary Supplements Market Based on Supplement Type: (Antioxidants, Vitamins, Proteins/Amino Acids) Based on Animal Type: (Companion Animals, Livestock) Based on Application: (Immunity, Skin/Coat) Based on Distribution Channel: (Retail Stores, Online Platforms) by Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Veterinary Supplements Market Overview:

The global Veterinary Supplements Market is projected to reach a valuation of USD 3548.05 Mn by 2032 at a CAGR of 5.9%, from USD 2000.00 Mn in 2022.

A veterinary supplement is a substance that aids in the maintenance of an animal’s health. It can also be utilized in animals as a nutritional supplement, antibiotic, or immunological stimulant. As pet systems are more vulnerable than those of individuals, they require more veterinary supplements. Feeding time should always include some form of food supplementation that includes all necessary vitamins, minerals, proteins, and other critical nutrients for excellent health.

Veterinarian supplements are used to offer important nutrients to animals that they don’t receive the same from their diets or if they can’t create on their own. Pregnant and lactating pigs, for example, require more calcium to ensure the health of their piglets while in the womb and when nursing.
For livestock animals, a veterinary supplement is employed. Supplements are necessary to boost an animal’s immunity and to reduce stress levels in strenuous situations. These supplements aid in the nourishment of the immune system, the improvement of bone density, muscle growth, and the functioning of internal organs.

Global Veterinary Supplements Market Revenue (USD Mn), 2021–2031:

The global veterinary supplements market is being augmented by increasing awareness levels among pet owners about the importance of avoiding unhealthy pet food products and a preference for products that contain prebiotics. The demand for pet dietary supplements is likely to surge as these products become more widely available in retail outlets, which, in turn, is expected to boost the economic growth of this market.

Various governments are enacting policies aimed at improving the animal sector as a whole. For example, the Saudi Arabian government developed several measures to assist agriculture and encourage private sector participation, resulting in the overall improvement of the agricultural sector.

The private sector has played a significant role in the development of animal health. This is mostly owing to initiatives by respective governments that provide long-term, interest-free financing, technical and support services, and incentives, as well as low-cost water, fuel & electricity, and duty-free raw materials and machinery imports. As a result, governments that support veterinary supplement policies are expected to boost the global veterinary supplement market as a whole.

The global veterinary supplements market is expected to be potentially restrained by a lack of understanding about pet nutritional diets and the availability of low-quality supplements for pets. Moreover, increasing manufacturing costs for this industry may lead to an increase in prices, thereby hampering prospective growth opportunities.
The veterinary supplements market is highly competitive, with many suppliers vying for a share of this growing industry.

Animal diseases are becoming more common around the world, prompting pet owners to take precautions to keep their pets safe. To avoid the further development of medical disorders, pets require regular health examinations, diagnosis, and effective treatment. Moreover, pet owners are generally concerned about the increasing expenses of modern pet medicine and supplements. As a result, an increase in the availability of pet health insurance policies is expected to bolster the global veterinary supplements market in the years to come.

In recent years, mainstream media has given a lot of attention to pet humanization. Understanding the influence of pet humanization on customer pet food purchasing behavior is critical. According to the “National Pet Owners Survey 2018-19” performed by the American Pet Products Association (APPA), more than 76.8 million households in the United States have one or more pets, with dogs being found in 39% of homes. Pet owners are more willing to boost their annual spending on pet dietary supplements as pets are regarded more as family members. According to data from the US Bureau of Labor Statistics(BLS) Consumer Expenditure(CE), the typical family spent USD 230.4 on pet food alone in 2018, demonstrating the importance of pets among the American populace. Similarly, according to the European Pet Food Industry Federation (FEDIAF), per capita, pet food spending in Western Europe was US$ 271.7 in 2018. This consumer tendency for pet surrogacy, combined with increased pet health challenges, is expected to create considerable opportunities for the adoption/usage of pet dietary supplements.

Key Market Players:

This research report on the global veterinary supplements market includes major company profiles such as:

• Mars Incorporated
• Nestlé
• The J.M. Smucker Company
• Hill’s Pet Nutrition Inc.
• General Mills Inc.
• Schell & Kampeter Inc.
• Spectrum Brands Inc.
• Virbac
• Garmon Corp
• P. S. Health Care
• Nutri-Vet
• Others.

Detail Segmentation:

The Global Veterinary Supplements Market Segmentation is Based on Supplement Type, Animal Type, Application, Distribution Channel, and Region

Based on Supplement Type

• Antioxidants
• Vitamins
• Proteins/Amino Acids
• Enzymes
• Probiotics
• Essential Fatty Acids
• Other Supplement Types

Based on Animal Type

• Companion Animals
  • Canine
  • Feline
• Livestock
  • Cattle
  • Equine
  • Sheep

Based on Application

• Immunity
• Skin/Coat
• Joint Health/Mobility
• Other Applications

Based on Distribution Channel

• Veterinary Hospitals & Clinics
• Retail Stores
• Online Platforms

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

For the Veterinary Supplements Market research study, the following years have been considered to estimate the market size: