Published On : 24 Oct 2016
According to a report recently added to the vast repository of QYResearchReports.com, the global market for pet dietary supplements is likely to gain significant momentum in the near future. The report, titled “Global Pet Dietary Supplements Market Research Report 2016,” further states that the demand for pet dietary supplement is increasing substantially due to the growing awareness among pet owners regarding the nutritional benefits provided by dietary supplements to their pets.
This 119-page study presents an all-inclusive assessment of the worldwide market for pet dietary supplements, taking several market verticals, such as the production capacity, product pricing, the dynamics of demand and supply, sales volume, revenue, and the growth rate of this market into consideration.
The global pet dietary supplements market can be evaluated on the basis of the type pet, product type, and geography. By the type of pet, the market can be classified into cats, dogs, and horses. With dogs being the most commonly owned pets, the demand for pet dietary supplements for dogs has been registering a strong rise across the world, notes the research study.
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Based on the type of product, the worldwide pet dietary supplements market can be classified into coat and skin supplements, Joint health supplements, supplements for kidney and liver support, and supplements for gastrointestinal tract. The joint health supplement segment has emerged as the most valued product in this market and is expected to continue leading the global market over the forthcoming years, states the report.
Geographically, the market can be classified into Europe, North America, South East Asia, Japan, China, and India. Among these, North America has emerged the key contributor to this market, thanks to the growing expenditure on pet care in this region. Europe has acquired the second position in this market and is expected to remain so over the next few years.
South East Asia, Japan, India, and China are also projected to experience a steady rise in the consumption of pet dietary supplements in the years to come, reports the research study.
A detailed competitive analysis of the global pet dietary supplements market has also been offered in this research study by profiling the key market players to determine their future prospects in a bid to identify the market hierarchy.
As per the study, are the leading providers of pet dietary supplements across the world are Only Natural Pet, Nutri-Pet Research, Nutramax Laboratories, Beaphar, and Bayer. Some of the other key market participants mentioned in this report are Merial, Zoetis, Virbac, Ark Naturals, NOW Foods, Vetra Animal Health, Omega Protein, Novotech Nutraceuticals, Nestlé Purina Pet Care, Organic Pet Superfoods, NWC Naturals, Ayurvet, WellPet, Kemin Industries, Vetriscience, and NaturVet.