Pet Herbal Supplements Market Size, Key Drivers, Growth, Demand, Analysis: 2024-2033

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Pet herbal supplements are natural dietary products for pets, such as dogs, cats, or horses, to support their health and well-being. These supplements typically contain a combination of herbal extracts, vitamins, minerals, and other nutrients chosen for their potential benefits in promoting pet health.

Sizing and Forecast

The pet herbal supplements market size has been grown rapidly in recent years. It will grow from $0.99 billion in 2023 to $1.12 billion in 2024 at a compound annual growth rate (CAGR) of 13.3%. The growth in the historic period can be attributed to increasing awareness of pet health, humanization of pets, veterinary recommendations, regulatory support, and consumer preferences for natural products.

The pet herbal supplements market size is expected to see rapid growth in the next few years. It will grow to $1.87 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to continued growth in pet ownership, the aging pet population, e-commerce expansion, personalized nutrition, and environmental sustainability. Major trends in the forecast period include advanced extraction techniques, nanotechnology applications, digital health monitoring, AI-driven formulation optimization, and personalized supplements.

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Segmentation & Regional Insights

The pet herbal supplements market covered in this report is segmented –

1) By Product: Omega 3 Fatty Acids, Probiotics And Prebiotics, Multivitamins And Minerals, Cannabidiol Oil (CBD), Proteins And Peptides, Other Products

2) By Dosage Form: Tablets And Capsules, Gummies And Chewable, Powders, Liquids, Other Dosage Forms

3) By Animal Type: Dogs, Cats, Horses, Other Animals

4) By Application: Digestive Support, Immunity Support, Skin And Coat, Calming Or Stress Or Anxiety, Joint Health Support, Kidney Health, Liver Health, Respiratory Health, Other Applications

5) By Distribution Channel: Online, Offline

North America was the largest region in the pet herbal supplements market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet herbal supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth

The rising pet expenditure is expected to propel the growth of the pet herbal supplements market going forward. Pet expenditure refers to costs related to pet food, supplies and medicines, veterinarian care, live animal purchases, and other services. The increase in pet expenditure is driven by the humanization of pets, leading to higher spending on premium products and services and advancements in pet healthcare requiring more costly treatments. The rise in pet expenditure is boosting the pet herbal supplements market as owners increasingly seek natural, high-quality health products to ensure their pets’ well-being and longevity. For instance, in November 2023, according to a report by American Pet Products Association, Inc., a US-based not-for-profit industry association, the U.S. pet industry expenditure was $147.0 billion in 2023, up from $136.8 billion in 2022. Therefore, the rising pet expenditure is driving the growth of the pet herbal supplements market.

Key Industry Players

Major companies operating in the pet herbal supplements market are Merck & Co. Inc., C.H. Boehringer Sohn AG & Co. KG, Zoetis Inc., Elanco Animal Health Incorporated, Virbac, Dechra Pharmaceuticals plc, Vetoquinol, Nutramax Laboratories, Nulo Pet Food, Ceva Animal Health, Healthy Paws Herbal Labs, Zesty Paws, PetHonesty, Only Natural Pet, Petlab Co., Honest Paws, Vet’s Best Friend, Ark Naturals, Herbsmith, NaturVet, Vital Pet Life, Paw Naturals

The pet herbal supplements market report table of contents includes: