About Veterinary Supplements
Veterinary Supplement is the domain of Supplement that deals with animal disease, disorder, and injury prevention, control, diagnosis, and treatment. Aside from that, it deals with animal husbandry, breeding, nutrition research, and product creation. Veterinary Supplement covers a large range of animal species, both domesticated and wild, as well as a wide range of diseases that can affect them. A veterinary physician oversees professional treatment, however paraveterinary personnel such as veterinary nurses and technicians also play a role.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.3% |
The demand for Veterinary Diseases is increasing as the Incidence of Animal Diseases is increasing with each passing day. The businesses in this industry facing major competition on a global scale with leading players of the market who hold a major market share. The Leading Players are engaged in organic and non-organic strategic global expansion to maintain their Market Position. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Veterinary Supplements market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zoetis (United States), Boehringer Ingelheim (Germany), Elanco (United States), Bayer animal health (Germany), Ceva Sante Animale (France), Virbac (France), Vetoquinol (France), Merck (United States), IDEXX (United States) and Covetrus (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Gallant (United States), Itch (United Kingdom) and FidoCure (United States).
Segmentation Overview
AMA Research has segmented the market of Global Veterinary Supplements market by Type (Veterinary Vaccines, Veterinary Bolus, Poultry Medicines, Enrofloxacin and Others) and Region.
On the basis of geography, the market of Veterinary Supplements has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Veterinary Clinics will boost the Veterinary Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online {Company Website, E-Commerce Website} will boost the Veterinary Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Supplement, the sub-segment i.e. Antioxidants will boost the Veterinary Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Diet Plans and Exercise are Prepared for Overweight Pets
Market Growth Drivers:
Increase in Animal Diseases due to Current Pandemic and The Rise in Number of Veterinarians and Veterinary Clinics Across the Globe
Challenges:
Veterinary Clinics Must Remain Updated With Evolving Industry Standards, Trends, Medication, and Treatments and Veterinary Supplements and Treatments are Very Expensive
Restraints:
Veterinary Clinics are Facing Stiff Competition from Mobile Veterinary Services
Opportunities:
Veterinary Supplements Market have Already Been Developed as a Result of the Balanced Rise of Livestock as an Economic Commodity
Market Leaders and their expansionary development strategies
In October 2023, Better Choice Company a pet health and wellness company announced it has signed a research and development partnership with Aimia Pet Health to develop a GLP1 supplement for overweight pets under its Halo brand.
In April 2024, VetPlus expanded its popular Sustain range with the launch of a new formulation for cats. Sustain for Cats will be the first UK veterinary product for felines to contain a prebiotic, probiotic, and postbiotic, helping cats to maintain a healthy gastrointestinal tract and supporting the immune system.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Veterinary Hospitals and Clinics, Healthcare Organization, Pharmaceutical Companies and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.