(Food-Beverage-News.Com, August 10, 2017 ) Nutraceuticals are one of the fastest-growing segments of the pet industry. The usage of pet supplements and nutraceuticals is a rather recent practice in veterinary medicine. Pet food supplements are classified as either dietary or therapeutic supplements. Dietary supplements are substances combined with the pet foods to make them nutritionally whole and well-adjusted. Therapeutic supplements (also known as nutraceuticals) are foods that are taken orally to provide a health advantage, either for deterrence or treatment of a disease.
The factors impacting the Global Market for Pet Food Nutraceuticals Market, either positively or negatively are presented in the DROC analysis. The growth of the global Pet Food Nutraceuticals market is majorly driven by factors such as increasing urbanization, rising wages, implementation of channel specific product expansion, and varying lifestyles, leading to a drop in birth rates and an increase in the number of single person families. Pets are being considered as family members and thus the user predilection for nutrition empowered pet food is further driving the pet food nutraceutical market. However, factors such as different regulatory bodies, lack of recognition of pet food in under-developed countries, and lack of raw materials are restraining the growth of the market.
For granular level understanding the Pet Food Nutraceuticals Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment.
1) By Ingredient Type Omega 3 fatty acids Proteins and Peptides Milk Bio actives Probiotics Dietary Fibre Others 2) By Function type Nutrition/Therapeutic Supplements
3) By Pet Type Cats Fish Dogs Bird Others
4) By Application Type Weight Management Immune system Food Allergies Pain Relief Digestive health Skin and Coat Eye care others
Basedon geography, the report contains a wide array of countries covering all around the globe. Countries like USA, Canada, U.K., Spain, Germany, Italy, India, China, South Africa, Israel and Brazil are identified as the predominant markets for Pet Food Nutraceuticals . For more of regional analysis check out the following reports.
North America Pet Food Nutraceuticals Market Europe Pet Food Nutraceuticals Market Asia-Pacific Pet Food Nutraceuticals Market Latin America Pet Food Nutraceuticals Market Middle East and Africa Pet Food Nutraceuticals Market
The major players in this market are focusing in the areas of Digestive health, weight management and beauty (Skin and Coat). The major companies dominating the global Pet Food Nutraceuticals market are Diana group, BASF SE, Chr. Hansen A/S, Kemin Industries Inc., Nutraceutical International LLC, and Royal DSM N.V.
The Pet Food Nutraceuticals market study offers the following deliverables: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming Segment-level analysis on basis of type, application along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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