Pet Supplements Market Size, Share, Industry, Forecast and outlook (2024-2031)

The global pet supplements market is estimated to be at US$ 2,036.53 million in 2023 and is expected to grow at a CAGR of 6.94% during the forecast period (2024-2031) to reach a value of US$ 3,461.40 million in 2031. Supplements provide benefits over the normal diet in humans as well as pets. The main ingredients that are used in manufacturing pet supplements include Methylsulfonylmethane (MSM), Boswellia, Yucca, Glucosamine, Chondroitin, and others. Omega fatty acids help reduce seasonal allergies, itchy and flaky skin, unwanted or extreme shedding, and other health conditions in pet animals. The potential health benefits that oral pet supplements provide are joint support, weight management, digestive support, and many others. Pet owners are eventually seeking to adopt supplements to support cognitive health, heart health, and skin/coat health for their pets.