The global veterinary dietary supplements market is experiencing significant growth, with sales estimated to be valued at USD 2,110.4 million in 2024. This market is projected to reach USD 4,190.4 million by 2034, expanding at a compound annual growth rate (CAGR) of 7.1% during the forecast period. In 2023, revenue generated by veterinary dietary supplements was USD 1,970.5 million, highlighting the increasing consumer interest in pet health and wellness.
This surge in market demand is primarily driven by the growing number of veterinary clinics, a trend fueled by the rising number of pet owners globally. As more households embrace pet ownership, the need for veterinary services—from routine check-ups to vaccinations and emergency medical care—has risen correspondingly.
The trend toward urban living has further influenced the dynamics of the veterinary industry. As populations increase and more people reside in densely populated areas, there is a greater demand for convenient and easily accessible veterinary services. To meet the needs of urban pet owners, veterinary clinics are establishing practices in highly populated regions, ensuring that essential services are within reach.
The rising popularity of dogs and cats as pets has created a burgeoning market for dietary supplements aimed at improving animal health. These supplements play a crucial role in providing the necessary nutrients that contribute to the overall well-being of pets, addressing various health concerns and enhancing their quality of life.
This anticipated growth rate surpasses historical increases, indicating a robust and dynamic future for the Veterinary Dietary Supplements Market. FMI’s report, meticulously compiled with the latest insights and statistics gathered from leading pharmaceutical and healthcare device manufacturers worldwide, offers an in-depth examination of the industry’s trajectory.
Over the past decade, the healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancements in technology have created impressive scope within the medical sector for diagnostics and therapeutics.
The report offers extensive data sets validating key trends impacting growth in the Global Veterinary Dietary Supplements Industry. It offers insights into strategies adopted by the key players and addresses the concerns that will challenge the growth of the Veterinary Dietary Supplements Market. With our extensive research and information about the past, current, and future market scenario, the Global Veterinary Dietary Supplements Industry report will help and identify the concerns, for a smooth-sail of the small & medium as well as large enterprises.
Key Segments of Veterinary Dietary Supplements Market
By Animal Type:
In terms of animal type, the industry is divided into companion animals- (cats, dogs, horses, and other companion animals) and livestock animals.
By Application:
In terms of Application, the industry is segregated into joint health support, calming/ stress/ anxiety, digestive health, energy and electrolytes, immunity support, skin & coat health and other applications.
By Dosage Form:
In terms of application, the industry is segregated into tablets & capsules, gummies & chewables, powder, liquid and others.
By Region:
Key countries of North America, Latin America, Western Europe, Eastern, South Asia, East Asia and Middle East and Africa (MEA) have been covered in the report.
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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