New report on pet dietary supplements

The US pet dietary supplement market is projected to be worth 4 269.1 mio in 2023, capturing an impressive market share of 24.9 per cent in 2023. This is the conclusion of a new report by Future Market Insights on the pet dietary supplement market. The market is likely to reach 8 288.4 mio dollars by 2033 and is expected to surge at a CAGR of 7.3 per cent from 2023 to 2033. Future Market Insights says that the competitive landscape of the pet dietary supplement market is a dynamic arena characterised by robust innovationd increasing consumer demand.

The market research company expects established giants like Hill's Pet Nutrition and Nestlé Purina will continue to dominate, backed by their vast resources and research capabilities. Emerging players, including Nutramax Laboratories and Pet Honesty, focus on niche segments and unique formulations. Future Market Insights sees a surging interest in natural ingredients and sustainability drive start-ups like Wild Earth. The e-commerce boom provides platforms for direct-to-consumer brands like Chewy and Bark Box. As the market evolves, collaboration with veterinarians and personalised pet health solutions are shaping competitive strategies, offering numerous choices for discerning pet owners.