Global Pet Food Nutraceutical Market 2020 Latest Industry Growth Analysis by Upcoming Trends, Emerging Technology by Regions, Supply and Forecast 2024

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Pet Food Nutraceutical

The “Pet Food Nutraceutical Market” report 2020 covers all the significant developments which are recently being adopted across the global market. The prime objective of the Pet Food Nutraceutical market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends, and opportunities. The Pet Food Nutraceutical market report covers both the demand and supply aspects of the market. The report also highlighted the future trends in the Pet Food Nutraceutical market that will impact the demand during the forecast period.

Scope of the Report:

Nutraceuticals are categorized as dietary supplements, functional foods, or medicinal foods. Nutritional supplements for pets are products that provide a source of recognized essential nutrient, like calcium or vitamin A. They are intended to work as supplements and ensure the nutritional completeness of the diet in pets. The supplements are being marketed not only as pills/powders, but also as ingredients in pet foods/gravies/snacks. The other alternative delivery formats that are gaining shares, due to the preference for pet palatability, include gels and pastes, as well as gravies and powders, designed to be added to pet food.

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Market Overview:

  • The global pet food nutraceutical market was valued at USD 6.3 billion in 2019, and is expected to register a CAGR of 4.8% during the forecast period (2019-2024). In 2018, North America was the largest geographic segment of the market studied and accounted for a share of around 47% of the overall market, while Asia-Pacific was the fastest-growing region.
  • The increasing number of single families, rising animal healthcare costs, aging pet population, and poor outcomes of the use of drugs have led to consumers looking for alternatives in the form of natural and organic products. Supplements are used as alternatives to drugs, by the veterinary community. The addition of active ingredients based on intended functionality is making supplements therapeutic and nutritional treats.

    Some of the Top Key Players of Pet Food Nutraceutical Market Report Are:

  • Kemin Industries
  • Symrise AG
  • BASF SE
  • Roquette Freres
  • DSM Nutritionals
  • Darling International Inc
  • Archer Daniels Midland Company
  • Nestle SA (Purina Petcare)
  • Boehringer Ingelheim Animal Health
  • Novotech Nutraceutical
  • VIT2be
  • Diana Group

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

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    Key Market Trends:

    Increasing Number of People Adopting Pets

    Due to changes in lifestyle, pet humanization is on the rise in different countries. The increasing pet ownership among younger generations, in particular, consumed by social media and adoption of the western lifestyle, is the main driver of the market. Hence, an increasing number of people in the country are treating pets as members of the family. The rise of the middle class and easy access to the internet are a few other drivers contributing significantly to the growth of the market. Urbanization trends in many countries have also contributed to the growth in sales of prepared pet foods, as these products are more convenient and more suitable for the busy lifestyles of urban dwellers. An important part of pet humanization is the safety and nutritional needs of pets, which is also a result of consumers being educated about labeling and the ingredients used in products. Although these extra considerations come at a higher cost, the rise of the middle-class population in the world, coupled with higher disposable income, is contributing to the sales of commercial pet foods, globally.

    North America Dominates the Global Market

    The North American market is the first respondent to any major global trend or consumer pattern; the high level of market penetration and corresponding infrastructure are cited as reasons for the pioneering attitude. The concept of pet humanization’ is the major trend that is consolidating both the pet care and pet food markets into a sense of overall pet well-being. One significant outcome of this trend is the consumer focus toward nutraceutical foods and remedies from the comfort or treat foods. This focus is well visible in the marketing and new product launches of the major firms.

    The United States is expected to lead the pack, followed by Canada and Mexico. The rapid increase in urbanization rates and income levels that are expected of Mexico are fuelling the high expectations of the market. The increasing forces of globalization and infrastructure improvement are giving rise to considerable growth in the other regions of North America.

    The Report Covers:

    • Comprehensive research methodology of Pet Food Nutraceutical market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Pet Food Nutraceutical market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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    Detailed TOC of Pet Food Nutraceutical Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Industry Attractiveness – Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Ingredient Type
    5.1.1 Milk Bioactives
    5.1.2 Omega-3 Fatty Acids
    5.1.3 Probiotics
    5.1.4 Proteins and Peptides
    5.1.5 Vitamins and Minerals
    5.1.6 Other Ingredient Types
    5.2 Function Type
    5.2.1 Nutrition/Therapeutics
    5.2.2 Supplements
    5.3 Pet Type
    5.3.1 Dog
    5.3.2 Cat
    5.3.3 Bird
    5.3.4 Fish
    5.3.5 Other Pet Types
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.1.4 Rest of North America
    5.4.2 Europe
    5.4.2.1 Spain
    5.4.2.2 United Kingdom
    5.4.2.3 Denmark
    5.4.2.4 France
    5.4.2.5 Germany
    5.4.2.6 Russia
    5.4.2.7 Italy
    5.4.2.8 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 Indonesia
    5.4.3.6 Thailand
    5.4.3.7 Rest of Asia-Pacific
    5.4.4 South America
    5.4.4.1 Brazil
    5.4.4.2 Argentina
    5.4.4.3 Rest of South America
    5.4.5 Africa
    5.4.5.1 South Africa
    5.4.5.2 Rest of Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Most Adopted Strategies
    6.2 Market Share Analysis
    6.3 Company Profiles
    6.3.1 Kemin Industries
    6.3.2 Symrise AG
    6.3.3 BASF SE
    6.3.4 Roquette Freres
    6.3.5 DSM Nutritionals
    6.3.6 Darling International Inc
    6.3.7 Archer Daniels Midland Company
    6.3.8 Nestle SA (Purina Petcare)
    6.3.9 Boehringer Ingelheim Animal Health
    6.3.10 Novotech Nutraceutical
    6.3.11 VIT2be-Diana Group

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    Contact Us:

    Name: Ajay More

    Phone: US +14242530807/ UK +44 20 3239 8187

    Email: [email protected]

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