In 2022, the United States & Canada over-the-counter (OTC) pet nutritional supplements market size stood at US$ 1,031.4 million. By the end of 2033, it is anticipated to surpass a valuation of US$ 1,920.7 million.
During the forecast period from 2023 to 2033, sales revenue is expected to increase at a CAGR of 5.9%. The United States & Canada OTC pet nutritional supplements market holds a share of 30% to 35% in the global pet nutritional supplements market.
Demand for over-the-counter (OTC) pet nutritional supplements in the United States and Canada is witnessing remarkable growth. With pet owners placing greater emphasis on the health and wellness of their beloved animals, there has been a steady rise in demand for these supplements.
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Factors such as heightened awareness regarding pet nutrition and a growing desire to improve the overall quality of pets’ lives are also contributing to the surge in demand. Additionally, the increasing prevalence of pet obesity and other health concerns is anticipated to further drive market growth.
OTC pet nutritional supplement demand in the United States and Canada is experiencing significant growth. As pet owners increasingly prioritize the health and well-being of their furry companions, demand for these supplements has risen steadily.
Key factors fueling this market boom include:
- Rising pet ownership: The number of pet households in the US & Canada continues to climb, creating a larger consumer base for pet health products.
- Increased pet healthcare spending: Pet owners are willing to spend more on their pets’ health, including preventive measures like nutritional supplements.
- Growing awareness of pet health benefits: Increased information about the potential benefits of OTC supplements for pets is driving consumer demand.
- Convenience and accessibility: OTC supplements offer a convenient and readily available way to address specific health concerns in pets.
- Product innovation: Manufacturers are constantly developing new and innovative OTC supplements to cater to specific pet needs and preferences.
Why Are OTC Pet Nutritional Supplements Sales Expanding in the United States?
The United States is currently experiencing a significant increase in pet ownership, leading to a growing demand for over-the-counter (OTC) pet nutritional supplements. More and more individuals are choosing to become pet parents, recognizing numerous benefits and companionship that pets provide. The United States is predicted to account for over 87.9% of the market share through 2023
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Why is the Demand for OTC Pet Nutritional Supplements Increasing in Canada?
Canada is expected to account for over 12.1% of market share through 2023. In Canada, there has been a notable surge in the demand for over-the-counter (OTC) pet nutritional supplements. This rising popularity can be attributed to increasing availability of a wide variety of OTC pet nutritional supplements.
Key Companies Profiled:
- Elanco Animal Health Inc.
- Pet Honesty
- Zoetis Inc.
- Nutramax Laboratories
- Beaphar
- Nestle Purina
- Nutri- Vet
- NaturVet
- VetriScience Laboratories
- Zesty Paws
- Pet Naturals of Vermont
- Grizzly Pet Products
- Ark Naturals
United States & Canada OTC Pet Nutritional Supplements Market Outlook by Category
By Product Type:
- Multi-vitamins
- Omega-3 Fatty Acids
- Probiotics
- Joint Support
- Digestive Enzymes
- Skin & Coat Support
- Calming Supplements
By Pet Type:
- Dog
- Cat
By Form:
- Tablets & Capsules
- Liquids
- Powders
- Chews & Treats
- Sprays
By Sales Channel:
- Modern Trade
- Pet Specialty Stores
- Departmental Stores
- Care Service Centers
- Online Retail
- Direct to Consumers
- Third Party to Consumers
- Support Care Centers
By Country:
- United States
- Canada
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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