Veterinary Supplements Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.7 Billion by 2030, growing at a CAGR of 8.1% from 2024 to 2030.
The global veterinary supplements market was valued at approximately USD 3.1 billion in 2022, and it is projected to grow at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2028. This growth trajectory reflects increasing awareness among pet owners regarding the benefits of supplements in improving the health and longevity of their animals. The rising incidence of chronic diseases in pets, coupled with a surge in pet adoption and the humanization of pets, is driving market expansion. Furthermore, the growing emphasis on preventive healthcare and the development of innovative supplements tailored for various animal species contribute significantly to market growth.
Emerging markets in Asia-Pacific and Latin America present substantial opportunities for growth due to the expanding middle-class population, increased pet ownership, and rising disposable incomes. Additionally, advancements in veterinary science and a growing trend toward natural and organic supplements are anticipated to drive further market development. The expansion of distribution channels, including online platforms and specialized veterinary clinics, is also expected to enhance market reach and accessibility. These factors collectively create a dynamic landscape for the veterinary supplements market, presenting significant opportunities for investment and expansion in emerging regions.
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Amorvet
P.S. Healthcare
The Daniel Baum Company
Nutri-Vet
Equine Products U.K.
Vetoquinol
Dechra
Ceva Sante Animale
Purina
Merck Animal Health
Zoetis
Boehringer Ingelheim Animal Health
Elanco
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Veterinary Supplements Market
Veterinary Hospitals and Clinics
Retail Pharmacies and Drug Stores
Others
Based on Types the Market is categorized into Below types that held the largest Veterinary Supplements market share In 2023.
Minerals
Vitamins
Proteins or Amino Acids
Enzymes
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Veterinary Supplements Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Veterinary Supplements Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Veterinary Supplements Market, By Type
6. Global Veterinary Supplements Market, By Application
7. Global Veterinary Supplements Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Veterinary Supplements Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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