North America Pet Supplements Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Form (Chewable, Powder, and Others), Pet Type (Dogs, Cats, and Others), and Distribution Channel (Online and Offline)
The North America pet supplements market is expected to grow from US$ 893.06 million in 2022 to US$ 1,217.25 million by 2028. It is estimated to grow at a CAGR of 5.3% from 2022 to 2028.
Rising Number of Pet Owners Fuels North America Pet Supplements Market
In recent years, increasing disposable income and growing interest of millennials, especially adults in their early 20s and late 30s, for pet adoption are supporting the pet culture. In addition, due to the onset of the COVID-19 pandemic, people were working from home and self-isolating; this change in lifestyle inspired households to own pets. Since there was no evidence that pets could contribute to the spread of COVID-19, people felt safe with an animal companion that provided mental and emotional support during the pandemic. Along with increasing pet adoption, it has been observed that there is an increasing spending on pets for their wellbeing. Increasing consumer spending on pet care categories is attributed to the growing trend of pet humanization. Customers are increasing spending on premium pet food and products that are healthy and nutritious. There is a growing focus on pet health and wellness, sustainable products, and natural and locally sourced ingredients. Pet owners are also investing in special pet diets and indulgent products, which offer a better quality of life to their pets. Pet supplements help to improve the immune system and reduce the risk of heart disease, inflammation, cancer, and diabetes. In addition, these supplements also help to improve skin health and enhance the ability to reduce common health problems such as itchy skin, environmental allergies, and bacterial infection. Thus, rising number of pet owners is boosting the demand for pet supplements.
North America Pet Supplements Market Overview
The North America Pet Supplements Market is growing significantly, owing to the increasing pet humanization, which is boosting the demand for pet food, treats, and supplements. The rising awareness of the high nutritional benefits of pet supplements influences consumers’ purchasing decisions. Pet owners have been spending significantly on nutrition such as pet supplements to meet the nutritional requirement of their pet’s health. According to the National Pet Owners Survey (2021–2022) conducted by the American Pet Food Association, pet ownership increased from ~67% of US households in 2021 to 70% in 2022. Moreover, millennials were revealed to be the largest group of pet owners, with a share of 32%, followed by baby boomers (27%) and generation X (24%). Further, the rising tendency of these pet owners to improve the immune systems of their pets, strengthen their bones, improve digestion, and treat various skin allergies is also driving the demand for pet supplements in North America.
North America Pet Supplements Market Revenue and Forecast to 2028 (US$ Million)
North America Pet Supplements Market Segmentation
The North America pet supplements market is segmented into form, pet type, distribution channel, and country.
Based on form, the North America pet supplements market is segmented into chewable, powder, and others. The chewable segment held the largest share of the North America pet supplements market in 2022.
Based on pet type, the North America pet supplements market is segmented into dogs, cats, and others. The dogs segment held the largest share of the North America pet supplements market in 2022.
Based on distribution channel, the North America pet supplements market is segmented into online and offline. The offline held a larger share of the North America pet supplements market in 2022.
Based on country, the North America pet supplements market is segmented into the US, Canada, and Mexico. The US dominated the share of the North America pet supplements market in 2022.
Arrowleaf Naturals Ltd.; FoodScience LLC; Four Paws Inc; Nordic Naturals Inc; Nutramax Laboratories Consumer Care Inc; PetHonesty LLC; Thorne Vet Inc; Zesty Paw LLC are the leading companies operating in the North America pet supplements market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Limitations and Assumptions:
4. North America Pet Supplements Market Overview
4.1 Market Overview
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Intensity of Competitive Rivalry
4.1.5 Threat of Substitutes
4.2 Ecosystem Analysis
4.2.1 Raw Materials
4.2.2 Manufacturing/Processing
4.2.3 Packaging and Distribution
4.3 Expert Opinion
5. North America Pet Supplements Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Number of Pet Owners
5.1.2 Strategic Developments by Key Market Players
5.2 Market Restraints
5.2.1 Stringent Regulatory Framework
5.3 Market Opportunities
5.3.1 Consumer Preferences for E-Commerce Platform
5.4 Future Trends
5.4.1 Consumer Preference for Natural Ingredients in Pet Supplements
5.5 Impact Analysis of Drivers and Restraints
6. Pet Supplements – North America Market Analysis
6.1 North America Pet Supplements Market Overview
6.2 North America Pet Supplements Market –Revenue and Forecast to 2028 (US$ Million)
7. North America Pet Supplements Market– By Form
7.1 Overview
7.2 North America Pet Supplements Market, By Form (2021 and 2028)
7.3 Chewable
7.3.1 Overview
7.3.2 Chewable: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Powder
7.4.1 Overview
7.4.2 Powder: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Pet Supplements Market Analysis – By Pet Type
8.1 Overview
8.2 North America Pet Supplements Market, By Pet Type (2021 and 2028)
8.3 Dogs
8.3.1 Overview
8.3.2 Dogs: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cats
8.4.1 Overview
8.4.2 Cats: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Pet Supplements Analysis – By Distribution Channel
9.1 Overview
9.2 North America Pet Supplements Market, By Distribution Channel (2021 and 2028)
9.3 Online
9.3.1 Overview
9.3.2 Online: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Offline
9.4.1 Overview
9.4.2 Offline: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Pet Supplements Market – Country Analysis
10.1 Overview
10.1.1 North America Pet Supplements Market, by Key Country
10.1.1.1 US: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: North America Pet Supplements Market, By Form
10.1.1.1.2 US: North America Pet Supplements Market, by Pet Type
10.1.1.1.3 US: North America Pet Supplements Market, by Distribution Channel
10.1.1.2 Canada: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: North America Pet Supplements Market, By Form
10.1.1.2.2 Canada: North America Pet Supplements Market, by Pet Type
10.1.1.2.3 Canada: North America Pet Supplements Market, by Distribution Channel
10.1.1.3 Mexico: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: North America Pet Supplements Market, By Form
10.1.1.3.2 Mexico: North America Pet Supplements Market, by Pet Type
10.1.1.3.3 Mexico: North America Pet Supplements Market, by Distribution Channel
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Zesty Paw LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Arrowleaf Naturals Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Four Paws Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Nutramax Laboratories Consumer Care Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 FoodScience LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Nordic Naturals Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Thorne Vet Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 PetHonesty LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Pet Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US: North America Pet Supplements Market, Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: North America Pet Supplements Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: North America Pet Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: North America Pet Supplements Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: North America Pet Supplements Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: North America Pet Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: North America Pet Supplements Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: North America Pet Supplements Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: North America Pet Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Pet Supplements Market Segmentation
Figure 2. North America Pet Supplements Market Segmentation – By Country
Figure 3. North America Pet Supplements Market Overview
Figure 4. North America Pet Supplements Market: By Form
Figure 5. North America Pet Supplements Market: By Country
Figure 6. Porter's Five Forces Analysis: North America Pet Supplements Market
Figure 7. Ecosystem: North America Pet Supplements Market
Figure 8. Expert Opinion
Figure 9. Number of US Households that Own Pets (2021 – 2022)
Figure 10. North America Pet Supplements Market Impact Analysis of Drivers and Restraints
Figure 11. North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Pet Supplements Market Revenue Share, By Form (2021 and 2028)
Figure 13. Chewable: North America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Powder: North America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Others: North America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. North America Pet Supplements Market Revenue Share, By Pet Type (2021 and 2028)
Figure 17. Dogs: North America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Cats: North America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: North America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. North America Pet Supplements Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 21. Online: North America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Offline: North America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. North America Pet Supplements Market, by Key Country– Revenue (2021) (US$ Million)
Figure 24. North America Pet Supplements Market Revenue Share, by Key Country (2021 and 2028)
Figure 25. US: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Canada: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Mexico: North America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
- Arrowleaf Naturals Ltd.
- FoodScience LLC
- Four Paws Inc
- Nordic Naturals Inc
- Nutramax Laboratories Consumer Care Inc
- PetHonesty LLC
- Thorne Vet Inc
- Zesty Paw LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America pet supplements market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in North America pet supplements market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.