The Latin America, Middle East and Africa Pet Supplements Market would witness market growth of 7.4% CAGR during the forecast period (2021-2027).
Global players are putting hefty investments with an aim to spread product awareness to intensify consumer inclination through various channels. The interest of dog owners in buying healthy and nutritious foods for their pets increases the sales of different kinds of dog foods around the world, resulting in the introduction of several dietary supplement products. In addition, the pet supplement market is expected to be fueled by the surge in the pet dog population and the rising health concerns of pet owners.
Brazil is one of the leading countries in the regional pet supplement market due to the high acceptance of pets among the households of this country. Moreover, the aging population that lives alone, having lower interaction with family, combined with financial stability are the catalysts for the adoption rate of pets and the increasing interest in giving appropriate pet supplements, hence supporting the regional pet supplement market.
The main reasons for owning a pet are the increasing number of isolated professionals, the social comfort, security, company, and appealing sense. The growing number of nuclear families is expected to create the desire for pets, which ultimately fuel the demand for pet supplement in the regional market. Therefore, these factors are expected to boost the demand & growth of the regional pet supplement market in the upcoming years.
The Dogs market dominated the South Africa Pet Supplements Market by Pet Type in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $14.1 million by 2027. The Cats market is expected to witness a CAGR of 8.3% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Pet Type, the market is segmented into Dogs, Cats and Other types. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Pet Supplements Market is Predict to reach $2.1 Billion by 2027, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dechra Pharmaceuticals PLC, Nestle S.A., Elanco Animal Health, Inc., Zoetis, Inc., Nutramax Laboratories, Inc., NOW Foods, Inc., Ark Naturals, Kemin Industries, Inc., FoodScience Corporation (Wind Point Partners), and Honest Paws, LLC.
By Distribution Channel
By Pet Type
By Country
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