The study involved two major approaches in estimating the current size of the pet dietary supplements market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, data triangulation was used to estimate the market size of segments and subsegments.
Secondary Research
This research study involved extensive secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial market study.
In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, directories, and databases were referred to identify and collect information.
Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
Extensive primary research was conducted after obtaining information regarding the pet dietary supplements market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as chief officers (CXOs), vice presidents (VPs), directors from business development, marketing, research, and development teams, and related key executives from distributors and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped understand the various trends related to core material, core material form, shell material type, technology, end-user industry, functionality, and region. Stakeholders from the demand side, such as pet dietary supplement manufacturers, were interviewed to understand the buyers’ perspective on the suppliers, products, and the outlook of their business, which will affect the overall market.
Note: The three tiers of the companies are defined based on their total revenues in 2023 or 2024, as per
the availability of financial data: Tier 1: Revenue > USD 1 billion; Tier 2: USD 100 million = revenue = USD
1 billion; Tier 3: Revenue < USD 100 million
To know about the assumptions considered for the study, download the pdf brochure
COMPANY NAME
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DESIGNATION
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Nestlé (Nestlé Purina Petcare Company) (Switzerland)
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Product Development Manager
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Elanco (US)
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Senior R&D Scientist
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H&H Group (Hong Kong)
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Global Marketing Director
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SwedenCare AB (Sweden)
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Sales Head
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Mars, Incorporated (US)
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Senior Research Scientist
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Nutramax Laboratories (US)
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Business Development Manager
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Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the total size of the pet dietary supplements market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:
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The key players in the industry and the overall markets were identified through extensive secondary research.
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All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
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All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
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The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.
Pet Dietary Supplements Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation procedure was employed, wherever applicable, to estimate the overall pet dietary supplements market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.
Market Definition
Pet supplements include a range of prescribed and non-prescription, dosage-based dietary supplements such as vitamins, multivitamins, probiotics & prebiotics, protein & peptides, among others, targeting various health issues in pets, such as bone and joint pain, digestive health, skin and coat health, immune system support, heart health, and stress & anxiety relief, among others. These supplements are available in diverse forms, including soft chews, tablets & capsules, powders, and others.
According to the National Animal Supplement Council (NASC), Pet supplements are products that contain ingredients such as vitamins, minerals, and herbs, with targeted health benefits that can help pets maintain the healthy function of their bodies. They can come in many forms, such as tablets, capsules, powders, pastes, liquids, and soft chews.
Stakeholders
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Pet dietary supplements manufacturers
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Contract manufacturers/OEMs
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Ingredients (raw material) suppliers [vitamins & minerals, probiotics/prebiotics, omega fatty acids (e.g., fish oil)]
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Packaging suppliers
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Pet dietary supplement importers and exporters
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Raw material suppliers
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Pet dietary supplements processors
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Regulatory bodies and associations
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Organizations such as the US Food and Drug Administration (FDA)
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US Department of Agriculture (USDA)
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American Pet Products Association
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Global Alliance of Pet Food Associations
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The European Pet Organization
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European Food Safety Agency (EFSA)
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EUROPA
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Association of American Feed Control Officials (AAFCO)
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Codex Alimentarius
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Food Safety Australia and New Zealand (FSANZ)
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American Veterinary Medical Association (AVMA)
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National Animal Supplement Council (NASC)
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Government agencies
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Intermediary suppliers, such as traders, distributors, suppliers, and E-commerce platforms of Pet dietary supplements
Report Objectives
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To determine and project the size of the pet dietary supplements market with respect to the pet type, supplement type, supplement form, function, distribution channel, and regions in terms of value over five years, ranging from 2025 to 2030
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To identify the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
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To provide detailed information about the key factors influencing market growth (drivers, restraints, opportunities, and challenges)
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To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
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To analyze the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market
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To identify and profile the key players in the pet dietary supplements market
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To understand the competitive landscape and identify the major growth strategies adopted by players across the key regions
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
The following customization options are available for the report:
Product Analysis
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Product Matrix, which gives a detailed comparison of the product portfolio of each company.
Geographic Analysis as per Feasibility
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
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Further breakdown of the Rest of Europe pet dietary supplements market into key countries
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Further breakdown of the Rest of Asia Pacific pet dietary supplements market into key countries
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Further breakdown of the Rest of South America pet dietary supplements market into key countries
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Further breakdown of the RoW pet dietary supplements market into key countries
Company Information
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Detailed analyses and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Pet Dietary Supplements Market