15/02/2024

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Pet supplements on the rise

Over time, as countries have gradually eased restrictions and fear, pent-up demand and fiscal stimulus measures facilitated market growth in various sectors. Currently, we are witnessing a fusion of pre-pandemic strategies with the accelerated adoption of digital technologies, shaping a new era of market dynamics. Among the products that are developing the most, we find the pet supplements sector, so much so that an analysis by Grand View Research predicts it will reach 1,050 million dollars by 2027.

 

Current market situation

 

When we talk about supplements, we are talking about vitamins, minerals, herbs, botanicals, enzymes, amino acids, or other dietary ingredients.
Although the pandemic already seems like something of the past for many, the truth is that some sectors or markets, as is the case with this one in particular, owe a lot to it for the boom they experienced. Free time, little social life, the adoption of more pets, and the increase in time spent with them have made people not only more aware of the health of their animals but also have time to inform themselves about how to sustain it and enhance it over time. This is when the word supplements appears for many owners, and they begin to consider these products as an alternative to adding to the diet of their dog and cat children.

The pet food supplementation industry primarily works with vitamins, nutritional supplements production, storage, and distribution among other nutritional supplements that may be critical to a pet's health and growth, including birds, dogs, cats, and other domesticated animals. Products are extensively researched and quality-checked before they are available on the commercial market with the goal of ensuring animal welfare and promoting healthy growth throughout their lives.

Some supplements have generic applications, while others address specific problems, such as digestive problems, joint pain, or skin conditions. And while the industry is facing tremendous growth, it is also facing new challenges and complications.

Microbiome health ingredients, such as prebiotics, probiotics, and postbiotics, are of an ingredient category where the most research is being done these days. Prebiotics, probiotics, and postbiotics generate significant interest in both humans and animals. Specific research is very important in this class of ingredients because the intestinal microbiome of different animal species can vary considerably.

 

Investigation and development

 

The increasing rate of pet ownership drives market demand.

Several reasons, including personal decisions and medical factors, are causing a growth in the number of people who choose to have pets, such as remaining child-free by choice, the impossibility due to advanced age, and the economic instability that threatens more than an international population.

Some of the most common side effects due to supplement consumption include allergic reactions, overdoses, and digestive problems. Some of them may be more serious than others. However, it is one of the main restrictions on the industry's growth.

One of the key opportunities to pursue development is the investment obtained for study, development, and innovation. Currently, there is a significant lack of innovation in product development in the supplements sector at an international level. And, if we observe how people's lifestyle and eating consumption habits (and, consequently, their pets) change, it is expected that this will impact the needs, problems, and diseases that arise or disappear with the passing of time. Therefore, more investment is necessary to obtain more resources in understanding the segment to achieve generalized and specific product development without side effects.

 

The importance of knowing pet supplement consumers
 

Knowing the humanization process that has been strongly impacting the entire pet market, it is not surprising that, with the increasing attention paid to product labels, many ingredients that appear in human supplements have moved into categories of pets.

If we talk specifically about supplements, we can already identify in the industry that consumers of pet supplements have stronger or more pronounced tendencies and preferences than the average pet owner. These owners (and those in charge of the pet food purchasing decision) who buy supplements are characterized by proactively seeking information about nutrition. The most reliable source for them is their known veterinarians and, secondly, Internet sites: the same sources for seeking advice and information on human nutrition.
Other very reliable sources for pet owners when it comes to obtaining information about any product type or service for their pets (veterinarians, toys, food, exercise) are their friends and family. This is a key factor for all those companies that want to retain customers because they are the ones who, free of charge, share and recommend (and, therefore, spread) the brands they trust.
 

Conclusion

 

The supplements market has a lot of potential today if we analyze and consider all the trends that reach the pet food industry due to the demands and needs imposed on human industries. To achieve sustained growth, it is essential to promote development, research, and innovation.

Source: All Pet Food.

You could be interested: Wet Pet Food Quality

About author

María Candelaria Carbajo

Translator and editor. I collaborate with businesses and purposeful projects that want to improve their written communication, transmit their differential values, and connect with their audience. I enjoy teamwork and joining forces, experiences, and knowledge to bring to the world all the potential of businesses that seek to make an impact with their services, products, or experiences.


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