The European pet supplements market has been experiencing substantial growth, reaching a value of $680.00 million in 2022 and is expected to soar to $986.45 million by 2028, exhibiting a promising Compound Annual Growth Rate (CAGR) of 6.40%.
A comprehensive report delves into the European pet supplements market, offering detailed insights into market size, forecasts, segmentation, and industry trends.
The surge in spending on pet food across Europe is a key driving factor behind the rising demand for pet supplements, particularly in categories such as calming, hip & joint, digestive, anti-anxiety, and anti-stress supplements. Pet owners are increasingly focused on their pets’ well-being, resulting in a growing demand for these supplements.
The report provides a comprehensive analysis of the current market scenario, including growth enablers, restraints, and trends for the period spanning 2023 to 2028. Various forms of pet supplements, including chewable & tablets, powder, liquid, capsules, and gel capsules, are available to enhance pets’ energy levels, focus, concentration, heart health, and immune system.
Leading companies and key players in the market, including Mars Petcare, Nestle, Dechra Pharmaceuticals, Virbac, Zoetis, and FoodScience, are profiled, offering valuable insights into the competitive landscape of the European pet supplements market.
Key Highlights:
The Europe pet supplements market is experiencing significant growth due to high demand for natural/herbal pet supplements, increased awareness of pet health and diet, rising demand for clean label pet supplements, growing usage of pet supplements for mobility health, endorsements by veterinarians, and a surge in pet ownership.
European countries have a high senior population, and the number of pets, especially cats and dogs, has significantly increased post-pandemic. Pet ownership is also on the rise among the senior population in Europe, driving the demand for pet supplements during the forecast period.
Alongside the major players like Mars Petcare, Nestle, Dechra Pharmaceuticals, Virbac, Zoetis, and FoodScience, other prominent vendors like Swedencare, Affinity Petcare, Zesty Paws, The Pet Supplement Company, Pet Wellbeing, Elanco, Compana, NOW Foods, Purrform, and more have a noteworthy presence in the market.
International companies are entering partnerships with existing e-commerce companies in the European market, providing a wide range of pet supplements and gaining significant traction.
Chewable & tablets are witnessing a surge in demand in the European market due to their ease of consumption, providing complete nutrition, reducing stress, and improving the health of dogs.
With these promising growth trends and a diverse range of products available, the European pet supplements market continues to thrive, catering to the health and well-being of our beloved furry companions.
For more information about this report visit https://www.researchandmarkets.com/r/40374f
