Pet dietary supplements are used for providing nutrition to pets. These supplements are available in the form of tablets, capsules, liquids, powders, soft gels, gummies, and others. A rise in the adoption of pets is the prime factor of the rise in the growth rate of the pet dietary supplements market. Exemption of pet essentials and products from the lockdown implemented due to the COVID-19 outbreak will help to prevent growth hindrance to a great extent. E-commerce companies are also operational during the COVID-19 outbreak. Hence, ordering from e-commerce sites to observe social distancing and avoid crowds may gain traction.
Rising Awareness about Pet Health and Growing Disposable Income to Support Growth Rate of Pet Dietary Supplements Market
The pet dietary supplements market may experience dynamic and robust growth due to the growing awareness among the pet owners about issues like joint pain and digestion. Digestive support is of great importance for the pets. Studies have shown that a healthy amount of gut bacteria is necessary for the smooth functioning of the gastrointestinal tract. Hence, to avoid digestive problems such as vomiting and diarrhea, products involving Bacillus coagulants and Lactobacillus acidophilus are vital as they have shown to improve digestive quality. Therefore, products involving these components are expected to gain considerable momentum.
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Joint pain has been a common health issue among pets. Hence, products involving components like collagens that help to ease joint pain may experience exponential sales boost. Furthermore, rising disposable income enables higher spend on premium products to fulfill the nutritional needs of pets. Therefore, this may accelerate the growth rate of the pet dietary supplements market.
According to the National Pet Owners Survey 2019-2020 report, over 85 million families, that is, 67 percent of the households own a pet in the USA. As a result, North America is expected to record a good growth rate during the forecast period.