According to the research report published by Future Market Insights, the global pet-calming products market size is projected to gain remarkable growth from 2023 to 2033. The market is projected to surpass a valuation of USD 16.41 billion in 2023 and is likely to hit a valuation of USD 28.83 billion by 2033. Exhibiting a modest CAGR of 5.8% from 2023 to 2033.
The rise in urbanization is prompting individuals to reside in smaller homes, leading to an uptick in the adoption of smaller pets like fish, hamsters, dogs, and cats. Moreover, the growing prevalence of work-from-home arrangements has allowed pet owners to dedicate more time to their furry companions.
Pet calming products such as pheromone sprays, treats, supplements, and others are becoming more widely available. The rising social media platforms and online communities focused on pet care contribute to the market’s development.
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The ever-increasing global population and urbanization are forcing people to reside in smaller settings. This is increasing the awareness of pets’ behaviour among their owners, which is creating a demand for pet calming products. Millennials and Gen Z populations are contributing incredibly to the rising pet ownership, which in return is increasing the growth prospects for the pet-calming products market.
The market’s expansion is projected to be supported by the rising demand for products containing CBD (Cannabidiol). Pet CBD products have grown in popularity over the past few years. Animals and humans have both been shown to experience calming benefits from CBD. They are available in several different forms, including snacks, chews, and oils. The demand for CBD-based products is projected to increase as a result of the growing research on the benefits of CBD-based goods.
Fueling this growth are several key factors:
- Rising stress levels in pets: Factors like loud noises, travel, separation anxiety, and fireworks can cause anxiety in pets, driving demand for calming solutions.
- Growing pet ownership: As more people welcome pets into their homes, the need for their well-being becomes a priority.
- Humanization of pets: Pet owners are increasingly treating their animals like family, seeking products that improve their quality of life.
- Increasing awareness of pet anxiety: Greater understanding of pet mental health encourages owners to explore calming solutions.
- E-commerce boom: The convenience and wider product availability online fuel market growth.
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Key Players in the Market
- Nestle Purina Petcare
- Virbac
- NOW Foods
- Zoetis Inc.
- PetHonesty
- Zesty Paws
- THUNDERWORKS
- PetlQ LLC
- Ceva Animal Health (Adaptil)
- Garmon Corp. (NaturVet)
Market Segmentation
by Pet Type:
- Dogs
- Cats
- Others
by Product:
- Food & Supplements
- Snacks & Treats
- Gel & Ointment
- Spray & Mist
- Others
by Distribution Channel:
- Online
- Offline
by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Recent Developments Observed by FMI:
- In March 2023, Virbac announced an expansion of its production facility to cater to the increasing pet population. The firm plans to invest nearly US$ 42 million in opening a new factory in Saint-Gilles, Belgium.
- In February 2023, Comfort Zone began selling its products in the United Kingdom. It has become the first business to provide a calming solution in the United Kingdom with the introduction of a drug-free Pheromone Collar.
- In March 2022, Ceva Animal Health (Adaptil) introduced Adaptil Chew, extending its veterinary behavior spectrum. The brand-new product is a chew that calms dogs down quickly.
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 ~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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