Dublin, Sept. 28, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Pet Dietary Supplements Market 2016-2020" report to their offering. The global pet dietary supplements market to grow at a CAGR of 5.26% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global pet dietary supplements market for 2016-2020. To calculate the market size, the report considers the revenue generated through the retail sales of pet dietary supplements to individual consumers. The report also includes a discussion of the key vendors operating in this market.
One of the key trends for market growth will be increasing number of patents in ingredients market. The global pet dietary supplements market has been witnessing an increasing number of pet dietary ingredients being patented in recent times. Pet dietary supplement manufacturers are using patented technologies to better formulate their products. According to the report, development of age-related health issues will be a key driver for market growth. As pets age, their memory, ability to learn, and the functioning of sensory organs tend to decline. With advancing age, most pets also become obese, and their health deteriorates. For instance, as dogs age, their metabolism changes and the need for calories decreases. Due to metabolic changes, dogs tend to put on weight, which leads to diabetes; damage of joints, bones, and ligaments; heart disease; increased blood pressure; decreased liver function; digestive disorders; and other related issues. Further, the report states that in the US, close to one-third of the total number of cats and dogs were administered with pet dietary supplements in 2014. However, the concerns about the safety of these products remain strong among pet owners. Currently, regulations imposed on the manufacture of pet dietary supplements are in disorder. There is very limited data available on the safety of dietary supplements for dogs, cats, and horses, which is a major challenge for the market.
Key vendors
- Bayer
- Beaphar
- Nutramax Laboratories
- Nutri-Pet Research
- Only Natural Pet
Other prominent vendors
- Ark Naturals
- Ayurvet
- Kemin Industries
- Merial
- NaturVet
- Nestlé Purina Pet Care
- Novotech Neutraceuticals
- NOW Foods
- NWC Naturals
- Omega Protein
- Vetra Animal Health
- VetriScience Laboratories
- Virbac
- WellPet
- Zoetis
Key Topics Covered: Part 01: Executive summary Part 02: Scope of the report Part 03: Market research methodology Part 04: Introduction Part 05: Market landscape Part 06: Market segmentation by product type Part 07: Market segmentation by pet type Part 08: Geographical segmentation Part 09: Key leading countries Part 10: Market drivers Part 11: Impact of drivers Part 12: Market challenges Part 13: Impact of drivers and challenges Part 14: Market trends Part 15: Vendor landscape Part 16: Appendix For more information about this report visit http://www.researchandmarkets.com/research/rgxjpr/global_pet
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