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Market Overview
The global Pet Nutrient Solution market was valued at USD 87.45 billion in 2022 and expected to grow at a CAGR of 4.8% during the forecast period. Pet Nutrients is committed to providing your pet with good nourishment that will support their long-term health. No artificial colours or flavours, no gluten or grains, no GMOs, and no artificial preservatives have ever been used in their formulation.
Growing consumer demand for wholesome animal food, restrictions on the use of antibiotics, increased producer understanding of animal health, and an increase in meat consumption among consumers globally are the main factors propelling the growth of the worldwide pet nutrition solution market.
Additionally, an increase in the prevalence of zoonotic diseases worldwide and increased demand for various types of animal antimicrobials and antibiotics in animal nutrition, such as quinolones, sulphonamides, macrolides, and tetracycline, are fuelling the market's expansion.
Additionally, one of the major markets for animal nutrition is the households or pets market due to the steadily growing population of domesticated animals and pets. The high cost of animal nutrition, the rigorous regulatory framework for pet nutrition products, and the poor quality of many products are, however, limiting and challenging the market's expansion.
Global Pet Nutrient Solution Market- Key trends
Improving farm animal health and welfare will drive the market expansion
Pet nutrition makes a significant contribution to nutrient-efficient livestock production, promoting the safety and dietary quality of animal products for human consumption, and enhancing the health and welfare of farm animals. These nutrients are required for a number of biological processes, including transport, the storage of other nutrients, and the synthesis of proteins. The market is expanding as a result of rising consumer awareness of animal health issues, rising demand for meat and meat products, rising nutritional needs of current livestock, and rising per capita disposable income.
Growing technological advancements in the feed industry will help the market growth
High prices of pet nutrition products and environmental issues that have an impact on livestock production are projected to limit market expansion. In the anticipated time frame, the market will have opportunities due to the feed industry's expanding technological improvements. The market for pet nutrition could face enormous obstacles as a result of the availability of fake items on the market.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 87.45 Billion |
Market Forecast in 2031 | USD 93.89 Billion |
CAGR % 2023-2031 | 4.8% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2031 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | By Type (intestinal conditioning nutrient solution, nutrient solution for alleviating skin diseases, immunity enhancement nutrient solution), By Application (puppy, cat, bird, fish, horses) |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Blue Buffalo Pet Products, Champion Petfoods, Heristo akteingesellschaft, Mars, Incorporated, Nestle SA, Petmate Holdings Co., Petco Animal Supplies,PetSmart Inc, Trupanion, Freshpet, Zoetis, Idexx Laboratories, Chewy, Zooplus, Melaka, Stanley, Jacques, Golden shield, RedDog, Jindun Pharmaceutical, Belcol, Devodo Fertilizer, Beloved, and others. |
Impact of COVID
The COVID-19 pandemic has had a mixed impact on the pet food and nutrient industry. While there has been an increase in pet adoptions and ownership during the pandemic, the closure of pet stores and reduced foot traffic in retail stores may have impacted sales of pet nutrient solutions.
Additionally, the pandemic has disrupted global supply chains and manufacturing operations, which may have led to shortages and price fluctuations of certain ingredients used in pet nutrient solutions.
However, there has been a growing trend in recent years towards premium and natural pet food products, which may have increased demand for high-quality pet nutrient solutions, even during the pandemic.
Overall, the impact of COVID-19 on the pet nutrient solution market is complex and may vary depending on factors such as regional restrictions, consumer behavior, and industry trends.
Type Insights
Intestinal Conditioning Nutrient Solution: These are designed to promote healthy digestion and bowel movements. They contain prebiotics, probiotics, and other digestive enzymes that help maintain a healthy gut flora.
Nutrient Solution for Alleviating Skin Diseases: These are formulated to alleviate skin allergies, itching, and other skin diseases in pets. They contain essential fatty acids, vitamins, and minerals that improve skin health.
Immunity Enhancement Nutrient Solution: These are designed to boost the pet's immune system and prevent diseases. They contain antioxidants, vitamins, and minerals that help strengthen the immune system.
The demand for pet nutrient solutions has been increasing in recent years as pet owners become more aware of the benefits of these supplements. With the outbreak of COVID-19, there has been a surge in demand for pet nutrient solutions as people spend more time at home with their pets and become more conscious of their pets' health.
The pet nutrient solution market is expected to continue to grow in the coming years due to the increasing adoption of pets, rising awareness of pet health, and the growing trend of humanization of pets.
Application Insights
The demand for pet nutrient solutions varies depending on the type of pet and its specific nutritional needs. For example, puppies require a different balance of nutrients compared to adult dogs, while horses have different nutritional requirements compared to cats. The market for pet nutrient solutions is expected to grow as pet owners become more aware of the importance of proper nutrition for their pets and seek out specialized products tailored to their specific needs.
Regional Insights
North America: North America is one of the significant markets for pet nutrient solutions, owing to the high rate of pet ownership and the increased focus on pet care in the region. The increasing number of pet food and nutrition companies in the region is also driving market growth.
Europe: The pet nutrient solution market in Europe is expected to grow due to the increasing pet ownership rate, rising concerns about pet health and nutrition, and the increasing demand for natural and organic pet food products. The presence of major market players in the region is also contributing to market growth.
Asia Pacific: The Asia Pacific region is expected to witness significant growth in the pet nutrient solution market due to the increasing pet adoption rate, rising awareness about pet health and wellness, and the growing demand for high-quality pet food products. The increasing urbanization and changing lifestyle in the region are also driving market growth.
MEA: The MEA region is expected to witness steady growth in the pet nutrient solution market due to the increasing pet ownership rate and rising awareness about pet health and wellness. The presence of major market players in the region is also contributing to market growth.
South America: The pet nutrient solution market in South America is expected to witness moderate growth due to the increasing pet ownership rate, rising concerns about pet health and wellness, and the growing demand for high-quality pet food products. The presence of major market players in the region is also contributing to market growth.
Competitive Analysis
Some of the major companies operating within the market are Blue Buffalo Pet Products, Champion Petfoods, Heristo akteingesellschaft, Mars, Incorporated, Nestle SA, Petmate Holdings Co., Petco Animal Supplies,PetSmart Inc, Trupanion, Freshpet, Zoetis, Idexx Laboratories, Chewy, Zooplus, Melaka, Stanley, Jacques, Golden shield, RedDog, Jindun Pharmaceutical, Belcol, Devodo Fertilizer, Beloved, and others. These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for Pet Nutrient Solution globally.
Recent News
In November 2022, Ever.Ag, a leading ag tech provider dedicated to empowering supply chains to feed a growing world, has announced that Dalex, a pioneer in animal nutrition technology, is joining its portfolio. The solution expands Ever.Ags robust range of on-farm offerings for livestock and dairy producers.
By Type
Intestinal Conditioning Nutrient Solution
Nutrient Solution for Alleviating Skin Diseases
Immunity Enhancement Nutrient Solution
Others
By Application
Puppy
Cat
Bird
Fish
Horses
Others
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Production Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
Company Share Analysis from 2018-2022
Company Analysis by Revenue and Sales
Company Production Capacity, Gross Margin
Company Share Analysis by Application/End Use
Company Share Analysis by Product/Specification
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