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Pet Herbal Supplements Market – By Product Type (Multivitamins & Minerals, Omega 3 Fatty Acids), Application (Digestive, Immunity), Pet Type, Dosage Form (Gummies & Chewable, Tablets & Capsules), Distribution Channel – Global Forecast 2024 – 2032
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Pet Herbal Supplements Market
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Premium Report Details
Base Year: 2023
Companies covered: 12
Tables & Figures: 411
Countries covered: 22
Pages: 236
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Pet Herbal Supplements Market Size
Pet Herbal Supplements Market size accounted for USD 935.5 million in 2023 and is predicted to grow at 10.5% CAGR between 2024 and 2032. This growth can be attributed to increasing pet ownership rates globally coupled with the humanization of pets that has led to a greater emphasis on pet health and wellness.
Pet herbal supplements are natural products designed to support the health and well-being of pets using herbs and plant-based ingredients. They target various health concerns such as joint health, digestion, anxiety, and immune support. Common herbs include turmeric, chamomile, echinacea, and ginger. Available in various forms like chews, tablets, powders, and oils, these supplements provide a holistic approach to pet care, often used alongside traditional veterinary treatments. Pet owners are now more willing to invest in natural and holistic remedies, viewing their pets as integral family members.
Secondly, the rising awareness of the benefits of herbal supplements over synthetic products is propelling market expansion. Consumers are becoming more educated about the potential side effects of chemical-based treatments and are seeking safer and natural alternatives for their pets. This trend further fuels the market growth.
Additionally, advancements in e-commerce platforms have made it easier for pet owners to access a wide range of herbal supplements. Enhanced marketing efforts and educational campaigns by manufacturers are also playing a crucial role in boosting market demand. Overall, these factors collectively drive the robust growth of the market, reflecting a broader shift towards herbal pet care solutions.
Pet Herbal Supplements Market Trends
Pet Herbal Supplements Market Analysis
Based on product type, the market is segmented into multivitamins & minerals, omega-3 fatty acids, probiotics & prebiotics, proteins & peptides, CBD, antioxidants, and other product types. The multivitamins & minerals segment accounted for significant revenue of USD 282.5 million in 2023.
Based on application, the pet herbal supplements market is classified into digestive support, immunity support, skin & coat, joint health support, kidney health, liver health, calming & anxiety supplements, respiratory health, and other applications. The digestive support segment dominated the application segment of market and is expected to grow at 10.4% CAGR over the coming years.
Based on pet type, the pet herbal supplements market is divided into dogs, cats, horses, and other pets. The dog segment was valued at USD 535.1 million in 2023 and is expected to reach USD 1.3 billion by 2032.
Based on dosage form, the pet herbal supplements market is categorized into gummies & chewable, tablets & capsules, powders, liquids, and other dosage forms. The gummies & chewable segment held majority of market share and is expected to grow remarkably to reach USD 701.5 million by the end of forecast timeframe.
Based on distribution channel, the pet herbal supplements market is bifurcated into offline and online. The offline segment dominated the global market with 61.2% of market share. The offline segment is further bifurcated into veterinary pharmacies, pet specialty stores, and retail stores.
North America pet herbal supplements market in 2023 was valued at USD 359.2 million and is predicted to showcase growth at 10.4% CAGR between 2024 – 2032.
U.S. pet herbal supplements market accounted for USD 331.6 million in 2023 and is projected to reach USD 790 million by 2032.
China pet herbal supplements market is poised to grow remarkably during the coming years.
India is expected to grow at considerable growth rate in global pet herbal supplements market.
Pet Herbal Supplements Market Share
The market is marked by a variety of companies vying for market share by focusing on distinct strategies and strengths. Key players in this sector include both established brands and emerging companies that specialize in developing and distributing herbal supplements tailored for pets' health and wellness needs.
Pet Herbal Supplements Market Companies
Prominent players operating in the pet herbal supplements industry include:
Pet Herbal Supplements Industry News:
The pet herbal supplements market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
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Market, By Product Type
Market, By Application
Market, By Pet Type
Market, By Dosage Form
Market, By Distribution Channel
The above information is provided for the following regions and countries: