Veterinary Nutraceuticals Market Estimation, Dynamics, Regional Share, Trends

Posted by Naveen on January 21st, 2019

Pet food supplements or nutraceuticals are defined as either therapeutic or dietary supplement. Dietary nutrients or supplements are substances added to petfoods in order to make them nutritionally completely balanced.

Changing aspects of veterinary nutraceuticals market

The global veterinary nutraceuticals market is accelerated to grow on a substantial rate due to factors such as-

  • Use and demand of pet supplements and nutraceuticals
  • Rise in adoption of companion animals
  • Increased in expenditure on pet health to choose nutraceuticals over pharmaceuticals
  • Rising health benefits and safety concerns with nutraceuticals

However, strict regulations policies in Europe and limited awareness in low-income countries impede the market growth of veterinary nutraceuticals market.

 

Regional analysis:

North America holds the largest market share especially in U.S. due to increased numbers of pet. While Canadian veterinary nutraceuticals market is growing due to increased number of companion animals in household leading to demand of pet food supply.

Countries such as Germany and China veterinary nutraceuticals market is also growing at a faster rate due to increased awareness for veterinary nutraceuticals supplements, rising adoption of companion animals coupled with demand for good quality of pet food.

Read more Insights at https://www.precisionbusinessinsights.com/market-reports/veterinary-nutraceuticals-market/

Some of the key market players in the global Veterinary Nutraceuticals Market:

  • DSM
  • Diana group
  • BASF
  • Merial
  • Nutraceutical International LLC.

The global veterinary nutraceuticals market is divided into following categories-

By product type

  • Vitamins
  • Minerals
  • Enzymes
  • Probiotics
  • Omega-3-fatty acids
  • Others

By animal type

  • Dogs
  • Cats
  • Birds
  • Fish
  • Others

By application

  • Immune system
  • Weight management
  • Digestive health management
  • Pain management
  • Others

By geographical regions

  • North America
  • Latin America
  • Asia-Pacific
  • Europe
  • The Middle East & Africa

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Naveen

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Naveen
Joined: November 15th, 2018
Articles Posted: 16

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