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.
Market leaders and key company profiles
- Arrowleaf Naturals Ltd.
- FoodScience LLC
- Four Paws Inc
- Nordic Naturals Inc
- Nutramax Laboratories Consumer Care Inc
- PetHonesty LLC
- Thorne Vet Inc
- Zesty Paw LLC
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 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 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 market is segmented into the US, Canada, and Mexico. The US dominated the share of the North America pet supplements market in 2022.
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Rising Number of Pet Owners Fuels North America Pet Supplements Market
In recent years, the rise in disposable income and the growing interest of millennials, particularly those in their early 20s to late 30s, in pet adoption have significantly contributed to the expansion of pet culture. The COVID-19 pandemic further accelerated this trend, as remote work and self-isolation became widespread, prompting many households to seek companionship through pet ownership. With no evidence suggesting that pets could transmit COVID-19, people felt secure adopting animals that provided essential mental and emotional support during challenging times.
This surge in pet ownership has been accompanied by a notable increase in spending on pet care, driven by the growing trend of pet humanization. Pet owners are increasingly prioritizing their pets’ well-being, opting for premium, healthy, and nutritious pet food and products. There is a heightened focus on pet health and wellness, with a preference for sustainable, natural, and locally sourced ingredients. Additionally, pet owners are investing in specialized diets and indulgent products to enhance their pets’ quality of life.
Pet supplements have also gained popularity, as they are believed to boost the immune system, reduce the risk of diseases such as heart disease, inflammation, cancer, and diabetes, and improve skin health. These supplements also help address common issues like itchy skin, environmental allergies, and bacterial infections. As a result, the growing number of pet owners is fueling demand for pet supplements, reflecting a broader shift toward prioritizing the health and happiness of pets.
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