Pet Food Nutraceutical Market - Segmented by Pet Type, Function, Ingredient, and Geography - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Pet Food Nutraceutical Market is segmented By Ingredient Type (Milk Bioactives, Omega-3 Fatty Acids, Probiotics, Proteins and Peptides, Vitamins and Minerals and Other Ingredient Types), By Function Type (Nutrition/Therapeutics, and Supplements), By Pet Type (Dog, Cat, Bird, Fish and Other Pet Type), and By Geography (North America, Europe, Asia Pacific, South America and Africa)

Market Snapshot

feed palatability enhancers market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.8 %

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Market Overview

The global pet food nutraceutical market is projected to register a CAGR of 4.8% during the forecast period. In 2019, North America was the largest geographic segment of the market studied and accounted for the majority share 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. The ongoing COVID-19 pandemic compelled the companies to rethink their strategies in the process of manufacturing pet food nutraceutical products. The companies are manufacturing more of these products, as the sales have surged recently in order to maintain the health of their pets. Various companies are joining hands with e-commerce sites to drive their sales. The e-commerce sites are lean on taking premiums from these companies, which in turn is anticipated to boost the market growth amidst the pandemic.

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 a recognized essential nutrients, 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.

Ingredient Type
Milk Bioactives
Omega-3 Fatty Acids
Probiotics
Proteins and Peptides
Vitamins and Minerals
Other Ingredient Types
Function Type
Nutrition/Therapeutics
Supplements
Pet Type
Dog
Cat
Bird
Fish
Other Pet Types
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Denmark
France
Germany
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Indonesia
Thailand
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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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 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 pet nutraceutical products, globally.

Pet food nutraceutical market1

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North America Dominates the 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 United States 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.

Global Pet Food Nutraceuticals Market: Market Share in %, By Geography, 2019

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Competitive Landscape

The global pet food nutraceutical market is a highly concentrated market and there are a limited number of players contributing to this sector. These players are BASF, Purina Pet Care, DSM, Kemin Industries, Symrise, Danisco Animal Nutrition, and Boehringer Ingelheim. The greater market share of these players can be attributed to their large geographical presence and highly diversified product portfolios. These players are known to be focusing on R&D, large product portfolio, wide geographical presence, and aggressive acquisition strategy. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitutes

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Ingredient Type

      1. 5.1.1 Milk Bioactives

      2. 5.1.2 Omega-3 Fatty Acids

      3. 5.1.3 Probiotics

      4. 5.1.4 Proteins and Peptides

      5. 5.1.5 Vitamins and Minerals

      6. 5.1.6 Other Ingredient Types

    2. 5.2 Function Type

      1. 5.2.1 Nutrition/Therapeutics

      2. 5.2.2 Supplements

    3. 5.3 Pet Type

      1. 5.3.1 Dog

      2. 5.3.2 Cat

      3. 5.3.3 Bird

      4. 5.3.4 Fish

      5. 5.3.5 Other Pet Types

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Spain

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 Denmark

        4. 5.4.2.4 France

        5. 5.4.2.5 Germany

        6. 5.4.2.6 Russia

        7. 5.4.2.7 Italy

        8. 5.4.2.8 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Indonesia

        6. 5.4.3.6 Thailand

        7. 5.4.3.7 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Kemin Industries

      2. 6.3.2 Symrise AG

      3. 6.3.3 BASF SE

      4. 6.3.4 Roquette Freres

      5. 6.3.5 DSM Nutritionals

      6. 6.3.6 Darling International Inc

      7. 6.3.7 Archer Daniels Midland Company

      8. 6.3.8 Nestle SA (Purina Petcare)

      9. 6.3.9 Boehringer Ingelheim Animal Health

      10. 6.3.10 Novotech Nutraceutical

      11. 6.3.11 VIT2be-Diana Group

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF THE IMPACT OF COVID-19

**Subject to Availability

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Frequently Asked Questions

The Pet Food Nutraceuticals Market market is studied from 2016 - 2026.

The Pet Food Nutraceuticals Market is growing at a CAGR of 4.8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

BASF SE, DSM Nutritionals, Nestlé Purina Petcare, Boehringer Ingelheim Animal Health, Kemin Industries are the major companies operating in Pet Food Nutraceuticals Market.

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