Dublin, April 21, 2023 (GLOBE NEWSWIRE) -- A global Food & Beverages business-consulting firm, Maximize Market Research, has published a market intelligence report on the “Dog Supplement Market”, which is a combination of primary data and secondary data. Over the forecast period, Maximize Market research expects, the market to grow from USD 596.8 Mn in 2022 to USD 822.6 Mn in 2029 at a CAGR of 7.3 percent.
Dog Supplement Market Report Scope and Research Methodology
| Market Size in 2022 | USD 596.8 Mn |
| Market Size in 2029 | USD 822.6 Mn |
| CAGR | 7.3 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 288 |
| No. of Tables | 117 |
| No. of Charts and Figures | 115 |
| Segment Covered | Application, Source and Distribution Channel |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The report includes a detailed analysis of market share, market size, company performances, historical data, market forecast and dynamics. It includes an in-depth analysis of the Dog Supplement market at global, regional and country levels. It provides a comprehensive analysis of the competitive scenario of the Dog Supplement industry with the business strategies adopted by the competitors. The report includes the list of key players with information on their revenue, production capacity, sales and global presence. SWOT analysis was employed to provide the strengths and weaknesses of the key players in the Dog Supplement industry. Detailed information on Dog Supplement market dynamics including drivers, restraints, opportunities and challenges has been provided in the report.
The bottom-up approach was used to estimate the global and regional Dog Supplement market size. Both primary and secondary research methods were employed to gather data on market dynamics, the performance of key players and historical data of the industry. The report covers a detailed value chain analysis, which helps to understand the manufacturing process and provides information on raw materials, customers and distributors. It also includes PORTER, PESTLE analysis and market attractiveness, which helps to understand the Dog Supplement market at macro and micro levels.
Dog Supplement Market Overview
During the forecast period, the global demand for dog supplements is expected to witness progressive growth majorly due to rising concerns of animal health. The growing adoption of organic pet food is expected to further boost the growth of the dog supplement market.
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Dog Supplement Market Dynamics
The Dog Supplement market is mainly driven by the rising trend of pet humanization. During the forecast period, the market is expected to be driven by the growing population of pet dogs and the rising health concerns of pet owners. The demand for the product is increasing because the supplements consist of vitamins that are herbal and organic, which help in fighting gastrointestinal problems and work as antioxidants that aid in anti-aging. The market is also expected to grow significantly during the forecast period due to an increase in the adoption of dogs as pets.
Dog Supplement Market Regional Insights
The North America region held the dominant position in the global Dog Supplement market by holding a revenue share of 45 percent in 2022. The regional market is driven by the increasing number of pet owners and rising concern for animal health.
The Dog Supplement market in the Asia Pacific region is expected to grow at a CAGR of 6.57 percent during the forecast period. The market is mainly driven by the growing population of dogs in the region especially in China and Australia.
Dog Supplement Market Segmentation
By Application
- Skin & Coat
- Hips and Joint
- Prebiotics & Probiotics
- Calming
- Others
Based on Application, the calming segment dominated the global Dog Supplement market in 2022. The skin and coat segment are expected to grow at a high CAGR during the forecast period.
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By Source
- Organic
- Conventional
Based on Source, the organic segment held a significant portion of the Dog Supplement market in 2022 and is expected to grow at a high rate.
By Distribution Channel
- Offline
- Online
Based on Distribution Channel, the offline segment dominated the global Dog Supplement market with a revenue share of around 88.7 percent in 2022. During the forecast period, the online segment is expected to grow at a high CAGR.
Dog Supplement Key Competitors include:
- Bayer Ag,
- Food Science Corporation,
- Kemin Industries,
- Nestle S.A,
- Novotech Nutraceuticals Inc,
- Now Health Group, Inc,
- Nutramax Laboratories, Inc,
- Virbac,
- Zoetis
- Honest Paws
- Zenwise
- Dechra Pramacueticals, Plc
- Only Natural pets
- ARK naturals
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Key questions answered in the Dog Supplement Market are:
- What was the Dog Supplement Market size in 2022?
- What is the expected Dog Supplement Market size by the end of the forecast period?
- What is the expected CAGR of the Dog Supplement Market during the forecast period?
- What are the Dog Supplement Market segments?
- Which Dog Supplement Market segment is expected to grow at a high rate during the forecast?
- What are the major challenges that the Dog Supplement Market could face in the future?
- What are the upcoming industry trends for the Dog Supplement Market?
- What are the factors contributing to the final price of Dog Supplement?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Dog Supplement Market?
- What growth strategies are the players considering to increase their presence in Dog Supplement?
- Who are the leading companies and what are their portfolios in Dog Supplement Market?
- Who held the largest Dog Supplement market share in 2022?
- Which regional Dog Supplement market is expected to grow at a high rate in future?
Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2022)
- Past Pricing and price curve by region (2017 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Application, Source, Distribution Channel and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:
Organic Pet Food Market - The market size is expected to reach USD 39.42 billion by 2029 at a CAGR of 7.2 percent during the forecast period. The market is expected to be driven by the increasing consumer awareness towards pet health.
Freeze Dried Dog Food Market - The market size is expected to reach USD 313.81 million by 2029 at a CAGR of 6.4 percent during the forecast period. The market is expected to be driven by the changing lifestyle of people and dog humanization.
Dog Harness Market - The market size is expected to reach USD 14.96 billion by 2029 at a CAGR of 22 percent during the forecast period. The market is expected to be driven by the increasing trend among pet owners to purchase perishable clothing harnesses.
Pet Grooming Service Market - The market size is expected to reach USD 27.80 billion by 2029 at a CAGR of 4.6 percent during the forecast period. The market is expected to be driven by the increasing awareness of pet grooming and their health.
Raw Pet Food Market - The market size is expected to reach USD 195.84 billion by 2029 at a CAGR of 5.2 percent during the forecast period. The market is expected to be driven by rising awareness about sustainability and demand for eco-friendly pet foods along with the increasing adoption of vegan eating habits and purchasing cruelty free products.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
