The health conscious user perceives nutrition enabled foods as a substitute to healthcare expenses, thereby driving the growth of the global nutraceutical market.
The pet food nutraceuticals market is characterized as dietary supplements, medicinal or functional food products that supply a source of a standard essential nutrient, like vitamin A or calcium. They will function as supplements and guarantee the nutritional wholeness of the pet diet.
The growth of the global Pet Food Nutraceuticals market is mainly driven by factors such as rapid urbanization, growing number of people adopting pets, user attitudinal transformation towards pets with curiosity on their health and nutrition. However, factors such as lack of raw materials and different regulatory bodies are constraining the growth of the market. Another key challenge for the market is the lack of recognition of pet food in under-developed countries due to low incomes.
The products are segmented based on Ingredient Type, Function type, Pet Type, and Application Type and studied for a deep-level understanding of the Pet Food Nutraceuticals Market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Based on Ingredient Type: Omega 3 fatty acids Proteins and Peptides Milk Bio actives Probiotics Dietary Fibre Others
Based on Function type: Nutrition/Therapeutic Supplements
Based on Pet Type: Cats Fish Dogs Bird Others
Based on Application Type: Weight Management Immune system Food Allergies Pain Relief Digestive health Skin and Coat Eye care Others
Basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America and Europe are the main users accounting for around 60% of the entire market. U.S. is the major market and is also projected to be the fastest growing country in North America. The Asia Pacific market has the highest CAGR due to factors such as increasing disposable incomes, growing urbanization and thereby leading to an increased adoption of pets.
Geographical Segmentation: North America Pet Food Nutraceuticals Market Europe Pet Food Nutraceuticals Market Asia-pacific Pet Food Nutraceuticals Market Latin America Pet Food Nutraceuticals Market Middle East and Africa Pet Food Nutraceuticals Market
The key players in Global Pet Food Nutraceuticals Market are Kemin Industries Inc., Nutraceutical International LLC, Diana group, BASF SE, Chr. Hansen A/S, and Royal DSM N.V.
PetLife Pharmaceuticals, Inc. developed a new generation of high potency veterinary cancer medications and nutraceuticals for pets, overview of the main drivers behind the rise of holistic pet care and products. The shift in the pet owner market from baby boomers to health-conscious millennials and an increased access to organic, natural, and eco-friendly pet health products and practitioners are making holistic pet care mainstream. Approximately 56 percent of U.S. households own pets and have such close emotional bonds with their pets that they are often referred to “as family.” This is a major factor for rapid growth of the holistic pet care industry.
The Pet Food Nutraceuticals Market study offers the following deliverables: • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped • Segment-level analysis in terms of Ingredient Type, Function type, Pet Type, and Application Type along with market size forecasts and estimations to detect key areas of industry growth in detail • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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