“Veterinary Dietary Supplements Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on veterinary dietary supplements market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for veterinary dietary supplements? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The veterinary dietary supplements market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Omega 3 Fatty Acids; Proteins and Peptides; CBD; Multivitamins and Minerals; Probiotics and Prebiotics; Other Types (Antioxidants)
- 2) By Dosage Form: Tablets and Capsules; Gummies and Chewables; Powders; Liquids; Other Dosages (Injectables, Paste)
- 3) By Distribution Channel: Online or E-commerce; Offline
- 4) By Application: Joint Health Support; Calming or Stress or Anxiety; Digestive Health; Energy and Electrolytes; Immunity Support; Skin and Coat Health; Other Applications (Kidney, Urinary Tract, Liver, Cardiovascular, Weight Management)
- Companies Mentioned: C H Boehringer Sohn AG & Co KG; Virbac; Ark Naturals; Beaphar; FoodScience LLC
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the veterinary dietary supplements market are: C H Boehringer Sohn AG & Co KG, Virbac, Ark Naturals, Beaphar, FoodScience LLC, Nutri-Pet Research Inc., CEVA Logistics, Canna Companion, NOW Foods, Nestle S.A, Nutramax Laboratories Inc., Orion Corporation, Zydus Animal Health and Investments Limited, Krka d d Novo mesto, Animalcare Limited, Ourofino Saude Animal, and Eco Animal Health Group plc.
The global veterinary dietary supplements market is expected to grow from $2.03 billion in 2022 to $2.23 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The veterinary dietary supplements market is expected to grow to $3.23 billion in 2027 at a CAGR of 9.8%.
The veterinary dietary supplements market consists of sales of vegetables, cereals, roots, acacia trees, olive seeds, and other types. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Veterinary dietary supplements are highly nutritious animal products containing one or more nutrient or active ingredients such as vitamins, minerals, botanicals (natural products), and others intended to supplement the diet. These are used to supplement the animal diet, which acts as complementary and alternative medicine (CAM) to provide health benefits and well-being for animals.
Asia-Pacific was the largest region in the veterinary dietary supplements market in 2022. The regions covered in the veterinary dietary supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of veterinary dietary supplements are omega-3 fatty acids, proteins and peptides, cannabidiol (CBD), multivitamins and minerals, probiotics and prebiotics, and other types (antioxidants). Omega 3 fatty acids are a family of essential fatty acids that play important roles in your body and may provide several health benefits. The dosage forms are tablets and capsules, gummies and chewable, powders, liquids, and other dosages (injectables, paste). The various distribution channels involved are online or e-commerce, and offline and it is used in joint health support, calming or stress or anxiety, digestive health, energy and electrolytes, immunity support, skin and coat health, and other applications (kidney, urinary tract, liver, cardiovascular, weight management).
The increasing population of companion and livestock animals is expected to propel the veterinary dietary supplements market going forward. Companion animals include all domesticated animals whose physical, emotional, behavioral, and social requirements can be easily met, such as dogs, cats, and other animals, whereas livestock animals refer to domesticated animals that are raised in an agricultural setting to provide labor and produce commodities such as bovines. In companion and livestock animals, veterinary dietary supplements help to provide a high-nutrient diet to meet the animal's need for proper growth and development. For instance, in November 2021, according to the American Veterinary Medical Association (AVMA), a US-based non-profit association, approximately 45% of households own dogs, whereas 56% of households are owing cats in 2020. Further, in 2021, according to Eurostat, a Luxembourg-based statistical office of the European Union (EU) responsible for publishing high-quality Europe-wide statistics, the livestock population in the European Union was around 142 million pigs, 76 million bovine animals, 60 million sheep, and 11 million goats. Therefore, the increasing population of companion and livestock animals is driving the growth of the veterinary dietary supplements market.
Product innovation is a key trend in the veterinary dietary supplements market. Major companies operating in the veterinary dietary supplements market are concentrating on creating new product solutions to boost its market position.t. For instance, in December 2020, SeQuent Scientific Ltd., an India-based company operating in veterinary dietary supplements, launched the veterinary medicine Halofusol in 19 European countries. The product recently received approval from European Medicines Agency (EMA) through its Spanish subsidiary Laboratorios Karizoo, S A.Halofusol is an oral anti-protozoal solution. The product has unique features such as prevention and reduction of diarrhoea in new-born calves. The launched product is a generic version of Halocur with a market size of Euro 10 million in the EU.
In September 2022, Royal DSM, a Netherlands-based company operating in veterinary dietary supplements, acquired Prodap for an undisclosed amount. Through this acquisition, Royal DSM aims to strengthen its portfolio in veterinary dietary supplements and to develop digital solutions to reach a more targeted audience with a smarter nutritional decision-making process that uses artificial intelligence and other tools. Prodap is a Brazil-based company operating in veterinary dietary supplements.
The countries covered in the veterinary dietary supplements market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The veterinary dietary supplements market research report is one of a series of new reports from The Business Research Company that provides veterinary dietary supplements market statistics, including veterinary dietary supplements industry global market size, regional shares, competitors with a veterinary dietary supplements market share, detailed veterinary dietary supplements market segments, market trends and opportunities, and any further data you may need to thrive in the veterinary dietary supplements industry. This veterinary dietary supplements market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Veterinary Dietary Supplements Market Characteristics
3. Veterinary Dietary Supplements Market Trends And Strategies
4. Veterinary Dietary Supplements Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Veterinary Dietary Supplements Market
- 4.2. Ukraine-Russia War Impact On Veterinary Dietary Supplements Market
- 4.3. Impact Of High Inflation On Veterinary Dietary Supplements Market
5. Veterinary Dietary Supplements Market Size And Growth
- 5.1. Global Veterinary Dietary Supplements Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Veterinary Dietary Supplements Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Veterinary Dietary Supplements Market Segmentation
- 6.1. Global Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Omega 3 Fatty Acids
- Proteins and Peptides
- Cannabidiol (CBD)
- Multivitamins and Minerals
- Probiotics and Prebiotics
- Other Types (Antioxidants)
- 6.2. Global Veterinary Dietary Supplements Market, Segmentation By Dosage Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Tablets and Capsules
- Gummies and Chewables
- Powders
- Liquids
- Other Dosages (Injectables, Paste)
- 6.3. Global Veterinary Dietary Supplements Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Online or E-commerce
- Offline
- 6.4. Global Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Joint Health Support
- Calming or Stress or Anxiety
- Digestive Health
- Energy and Electrolytes
- Immunity Support
- Skin and Coat Health
- Other Applications (Kidney, Urinary Tract, Liver, Cardiovascular, Weight Management)
7. Veterinary Dietary Supplements Market Regional And Country Analysis
- 7.1. Global Veterinary Dietary Supplements Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Veterinary Dietary Supplements Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Veterinary Dietary Supplements Market
- 8.1. Asia-Pacific Veterinary Dietary Supplements Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Veterinary Dietary Supplements Market
- 9.1. China Veterinary Dietary Supplements Market Overview
- 9.2. China Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Veterinary Dietary Supplements Market
- 10.1. India Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Veterinary Dietary Supplements Market
- 11.1. Japan Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Veterinary Dietary Supplements Market
- 12.1. Australia Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Veterinary Dietary Supplements Market
- 13.1. Indonesia Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Veterinary Dietary Supplements Market
- 14.1. South Korea Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Veterinary Dietary Supplements Market
- 15.1. Western Europe Veterinary Dietary Supplements Market Overview
- 15.2. Western Europe Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Veterinary Dietary Supplements Market
- 16.1. UK Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Veterinary Dietary Supplements Market
- 17.1. Germany Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Veterinary Dietary Supplements Market
- 18.1. France Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Veterinary Dietary Supplements Market
- 19.1. Eastern Europe Veterinary Dietary Supplements Market Overview
- 19.2. Eastern Europe Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Veterinary Dietary Supplements Market
- 20.1. Russia Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Veterinary Dietary Supplements Market
- 21.1. North America Veterinary Dietary Supplements Market Overview
- 21.2. North America Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Veterinary Dietary Supplements Market
- 22.1. USA Veterinary Dietary Supplements Market Overview
- 22.2. USA Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Veterinary Dietary Supplements Market
- 23.1. South America Veterinary Dietary Supplements Market Overview
- 23.2. South America Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Veterinary Dietary Supplements Market
- 24.1. Brazil Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Veterinary Dietary Supplements Market
- 25.1. Middle East Veterinary Dietary Supplements Market Overview
- 25.2. Middle East Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Veterinary Dietary Supplements Market
- 26.1. Africa Veterinary Dietary Supplements Market Overview
- 26.2. Africa Veterinary Dietary Supplements Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Veterinary Dietary Supplements Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Veterinary Dietary Supplements Market Competitive Landscape And Company Profiles
- 27.1. Veterinary Dietary Supplements Market Competitive Landscape
- 27.2. Veterinary Dietary Supplements Market Company Profiles
- 27.2.1. C H Boehringer Sohn AG & Co KG
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Virbac
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Ark Naturals
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Beaphar
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. FoodScience LLC
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Veterinary Dietary Supplements Market
29. Veterinary Dietary Supplements Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer