Market Overview

The global pet supplements market size stood at USD 2.33 billion in 2023. The market is projected to be worth USD 2.47 billion in 2024 and reach USD 3.85 billion by 2032, exhibiting a CAGR of 5.73% during the assessment period.

The pet supplements global market is witnessing a transition from pet owners to pet parents, and heightened awareness of pet health is driving a surge in demand for supplements crafted with premium ingredients. As per the study, this shift toward personalized supplements tailored to address specific pet health concerns reflects a positive outlook for the market over the assessment period.

List of Major Players Profiled in the Report:

• Mars Incorporated (U.S.)
• Nestle S.A. (Switzerland)
• FoodScience Corporation (U.S.)
• Biostime Pharmaceuticals (Zesty Paws) (China)
• iVet Professional Formulas (U.S.)
• Farmina Pet Foods (Italy)
• Nutramax Laboratories, Inc. (U.S.)
• The Higgins Group Corp. (U.S.)
• Pet Naturals (U.S.)
• Affinity Petcare S.A (Spain)

Source: https://www.fortunebusinessinsights.com/pet-supplements-market-109797

Segments:

Solidified Position of Dogs Segment is owed to the Rising Number of Dog Ownership

By pet type, the market is trifurcated into dogs, cats, and others. Dogs command the highest share of the market, buoyed by increasing ownership rates and continued interest in future adoptions.

Chewable Supplements Lead Market with Their Higher Preference Rate

By form, the market is fragmented into tablets & capsules, chewable, and liquid & powder. The chewable segment gains an edge over other supplement forms owing to its convenience and higher preference.

Hip & Joint Segment Dominates with Higher Number of Old Pets

By function, the market is classified into skin & coat, hip & joint, digestive health, and others. The escalating number of pets with old age following the hip & joint problems leads to the segment’s top position.

Glucosamine Vanguards with its Proficiency in Protecting Chondrocyte Cells

By supplement, the market is categorized into glucosamine, probiotics & prebiotics, multivitamins, and others. Glucosamine captured the largest share of 38.02% in 2023 and made its mark as a dominant supplement with its ability to protect chondrocyte cells and maintain cartilage structure.

Offline Channel Gains Prominence with Simplified Price Comparisons

By distribution channel, the market is split into online channel and offline channel. The offline distribution channel's easier price comparison and variegated options place the segment at the forefront.

Regionally, the market is studied across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Report Coverage
The research report offers a detailed examination of market trends, notable industry developments, and factors favorable for the market’s growth. Moreover, it includes emerging opportunities and challenges within the market. In addition to the above factors, the report also covers key strategies by market players, their positioning, and technological advancements shaping the market landscape.

Drivers and Restraints

Millennial and Gen Z Pet Owners Drive Personalized Wellness Trends in the Market

The millennial and Generation Z demographics represent a significant portion of pet owners globally. A strong inclination toward personalized wellness products, awareness of pet health trends, and substantial spending capacity are poised to shape the future landscape of the pet supplements market growth.

However, the high regulation in developed countries increases the manufacturing cost of pet supplements, further impeding the market’s growth.

Regional Insights

North America Leads Market with High Pet Ownership

North America secured USD 1.02 billion in 2023 and holds the maximum pet supplements market share globally. Most of the U.S. population is estimated to own at least one pet, resulting in higher adoption of pet supplements.

Asia Pacific is projected to outpace other regions in terms of growth rate with higher adoption rates from the millennial population.

Competitive Landscape

Industry Titans Forge Ahead with Strategic Initiatives to Cement Market Position

Industry giants solidify their pet supplements market position by prioritizing innovation and expansion strategies such as new product launches and strategic acquisitions. Mars Incorporated's launch of Pedigree multivitamins in March 2023, which exemplifies its commitment to catering to the growing preference for supplements among younger pet owners.

Key Industry Development

December 2023:  EverRoot, a pet supplement brand powered by Purina, announced that it has teamed up with athlete and fitness and wellness advocate Laila Ali to introduce its all-new format of dog supplements called EverRoot Dog Supplements Soft Chews. This new product line will be available across distribution channels, and its personalized dog supplement is said to be designed to cater to a variety of overall health benefits.

Market Overview:

The global oats market size stood at USD 5.18 billion in 2019 and is projected to reach USD 8.56 billion by 2032, exhibiting a CAGR of 4.05% during the forecast period. The growing consumption of whole-grain foods owing to its health benefits will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “ Oats Market Size, Share & Industry Analysis, By Type (Steel Cut, Whole Oats, Instant Oats, and Others), Application (Bakery and Confectionery, Breakfast Cereals, Animal Feed, and Others), and Regional Forecast, 2020 – 2032.” 

The Report Lists the Key Companies in the Oats Market:

• Quaker Oats Company (PepsiCo, Inc.) (New York, U.S.)
• Morning Foods Ltd. (Crewe, United Kingdom)
• The Kellogg Company (Michigan, U.S.)
• Richardson International Ltd. (Winnipeg, Canada)
• Bob’s Red Mill Natural Foods, Inc. (Oregon, U.S.)
• Avena Foods Ltd. (Regina, Canada)
• Glanbia, Plc. (Kilkenny, Ireland)
• The Ancient Grains, Co. (Kildare, Ireland)
• Aussee Oats Milling Pvt Ltd (Gampaha, Sri Lanka)
• Blue Lake Milling (SA, Australia)

The report on the oats Market illustrates :

• Prominent insights into the market
• Predictive analysis with key data
• Latest market trends and developments
• Stellar insights into the competitive landscape
• Crucial data about regional players
• COVID-19 Impact

Source: https://www.fortunebusinessinsights.com/industry-reports/oats-market-100199

Market Driver :

Significant Utilization in Animal Feed to Drive Market

The vast application of oats in the animal feed industry owing to its properties to improve feed value will foster the growth of the market. The higher fat content compared to other cereals enhances energy content in the feedstock. Similarly, it adds key components for easy digestibility in animals. The balanced amino acid composition along with palatability makes it ideal for poultry, horses, and piglets. Thus, boosting the growth of the market. However, the wide availability of whole grains such as wheat, barley, sorghum, and quinoa that possess nearly the same nutritional profile can as an obstruction for the growth of the market. Besides, heavy demand for barley owing to its negligible cholesterol and triglyceride levels can further dampen the growth of the market.’

Mass Disruption in Food Industry to Impede Development during Coronavirus

The lockdown imposed by the governments has disturbed the supply chain activities, resulting in market closure and disrupted the food services sector. The food manufacturers and processors are observing several inhibitions in their operations. The shutdown of hotels, restaurants, & Café has negatively impacted the global market. Nevertheless, the production remained unaffected as deliveries of seeds, fertilizers, and crop protection was made available by the governments. Moreover, the ease accessibility of food supplies and commodities by the governments can aid in recovering losses and incite remunerative business outcomes.

Oats Market Growth

• Increasing Health Awareness: More people are prioritizing healthy diets. Oats are rich in fiber and nutrients, making them a popular choice.

• Versatile Usage: Oats can be used in various products. From breakfast cereals to snacks, their versatility drives demand across different markets.

• Rise of Plant-Based Diets: The shift towards plant-based eating habits boosts oat consumption. Oats serve as a great alternative in many recipes.

Regional Analysis :

Increasing Health-Conscious Consumers to Aid Growth in Europe

The market in Europe is expected to hold a significant share during the forecast period owing to the high production in countries such as Russia, the U.K., Italy, and Spain. The increasing health consciousness among consumers to boost growth in the region. The increasing demand for healthy grain-based snacks will bolster the growth of the global market in Europe. The hectic lifestyles of European consumers have led to high nutritional food products. Hence, increased production and consumption in European Countries will spur opportunities for the market. North America is expected to hold the largest share in the global market owing to the growing consumption of porridge or oatmeal as a staple food.

Key Development :

November 2019:  Chobani LLC launched a product range that includes oat drinks and blends in the U.S. market for expanding its business.

November 2018:  Nestle SA announced that it has added a new product to its cereals range containing whole grains, called Oat Cheerios breakfast cereals in the UK.

Market Overview

The global gelatin market size was valued at USD 3.07 billion in 2023 and is projected to grow from USD 3.20 billion in 2024 to USD 5.51 billion by 2032, exhibiting a CAGR of 7.03% during the forecast period.(2024-2032). Europe dominated the Gelatin Market with a market share of 41.04% in 2023.

The gelatin market is growing fast, mainly because more people are interested in functional foods and drinks, and because gelatin is used more in medicines and cosmetics. People also want products with clear labels and gelatin is used in things like pasta, yogurt, and cosmetics. Gelatin is a popular ingredient in food because it helps keep food stable, gives it a good texture, and helps it foam.

During the pandemic, more people were cooking and baking at home, which made the demand for gelatin go up. To meet this demand, companies are creating new products. For example, PB Leiner introduced Textura Tempo Ready in August 2020. This new gelatin is clean, doesn't have any extra ingredients, is made from gelatin only, and it's easier to use than regular gelatin.

This information comes from Fortune Business Insights in their report, “Gelatin Market, 2024-2032.”

List of Key Players Covered in the Report

• Gelita AG (Germany)
• Darling Ingredients Inc. (U.S.)
• Nitta Gelatin, Inc. (Japan)
• Tessenderlo Group (Belgium)
• Weishardt (France)
• Trobas Gelatine B.V. (Netherlands)
• Lapi Gelatine S.p.a. (Italy)
• Juncà Gelatines SL (Spain)
• Italgel S.r.l (Italy)
• Sterling Biotech Ltd. (India)
• Gelnex (Brazil)

Segments

Porcine Gelatin to Hold Largest Share Owing to its Higher Nutrient Content

Based on source, the market is segmented by porcine, bovine, and others.

Porcine segment witnessed strong sales performance over other sources since they are less expensive. Besides, the issue of possible fraud and mislabeling has become a concern among consumers.

Growing Use of the Product in Food & Beverages Propels Gelatin Market Growth

Gelatin is a versatile ingredient in many sectors like food, healthcare, cosmetics, and more. It's most commonly found in snacks, candies, and desserts due to its use in the food industry. The market is spread across five major regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The report provides a detailed analysis of the market, dividing it into various segments and offering a comprehensive overview. It explores current trends and future prospects, as well as regional changes and their influence on market expansion. It also discusses COVID-19's impact on potential risks for investors and business owners. Furthermore, the report evaluates major companies and their strategies for maintaining competitiveness.

Source: https://www.fortunebusinessinsights.com/gelatin-market-107012

Driving Factors

Expanding Use of Gelatin in Healthcare and Pharmaceutical Industries Will Fuel Market Expansion

Gelatin is becoming more important in medicine because more people have long-term health issues, there are more older people, and more individuals care about their health. The market is growing because of better attention to health and higher medical expenses. Gelatin is also liked for its advantages, like supporting weight loss and treating diseases like weak bones, rheumatoid arthritis, and osteoarthritis.

Regional Insights

Europe to Dominate Backed by Increasing Prevalence of Bone-Related Diseases

The largest revenue for gelatin market share, which was valued at USD 1.08 billion in 2021, was contributed by Europe. The expansion of the European market is anticipated to be fueled by the rising prevalence of bone-related illnesses.

Due to the movement in consumer desire from traditional items to more health-oriented products, the food and beverage industry dominates the North American market.

Asia Pacific is anticipated to have the market's fastest growth rate. The region's market is expanding as a result of increased chronic disease occurrences and an aging population.

Competitive Landscape

Partnerships among Companies to Secure their Brand Values in the Global Market

Top companies are smartly working to advertise their products and boost their market standing. A successful approach is teaming up with other businesses to introduce new items and grow their customer base.

Key Industry Development

December 2023:  Darling Ingredients Inc., a leading gelatin manufacturer, obtained a patent for its specialized gelatin StabiCaps. This formulation helps improve the stability of soft gel capsules and can be used to produce a wide range of pharmaceuticals.

January 2022:  According to a report from Darling Ingredients Inc., the Terasaki Institute for Biomedical Innovation (TIBI), a regenerative medicine research Centre with Californian base, has teamed with the company's global brand, Rousselot Health. With this agreement, the businesses are concentrating on developing gelatin-based medicines that will eventually find use in clinical settings.