Pet Food Nutraceutical Market 2020Trends, Drivers, Strategies, Applications and Competitive Landscape 2024 – PRnews Leader

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Pet Food Nutraceutical

“Pet Food Nutraceutical Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Pet Food Nutraceutical market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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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 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.

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.

    Key Manufacturers Like 

  • 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.

    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.

    Pet Food Nutraceutical market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Pet Food Nutraceutical market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Pet Food Nutraceutical market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Pet Food Nutraceutical market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Pet Food Nutraceutical market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Pet Food Nutraceutical?
    • Who are Opportunities, Risk and Driving Force of Pet Food Nutraceutical market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Pet Food Nutraceutical space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Pet Food Nutraceutical market opportunities, market risk and market overview of the Market?

    Lastly, the Global Pet Food Nutraceutical Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Pet Food Nutraceutical Market Report:

    • To provide a detailed analysis of the market structure along with the Pet Food Nutraceutical market forecast of various segments and sub-segments of the Pet Food Nutraceutical market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Pet Food Nutraceutical market trends that influence the global Pet Food Nutraceutical market

    Detailed TOC of Pet Food Nutraceutical Market Report 2019-2024:

    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

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