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Pet Probiotics Market || DataM Intelligence

Pet probiotics are dietary supplements formulated specifically for pets to support their digestive health and overall well-being.

The global Pet Probiotics Market was valued at US$ 4.3 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 6.9 billion by 2030. The market is expected to exhibit a CAGR of 7% during the forecast period (2023-2030).

DataM Intelligence’s Pet Probiotics Market report highlights the increasing demand for pet probiotics, driven by pet owners’ growing awareness of the importance of the gut health of their pets. As pet owners seek to enhance their pets’ overall well-being and longevity, the use of probiotics as a dietary supplement has gained significant traction. Key players such as Chr. Hansen (Denmark), Kinglike DSM N.V., DowDuPont, Evonik Industries, and Land O’Lakes are continuously innovating and introducing advanced pet probiotic products to meet the evolving needs of pet owners worldwide. Asia Pacific is the fastest-growing region in this market, where India and China are the major revenue-generating companies.

Pet Probiotics Market – Opportunities

The increasing number of product launches by key players due to continuous advancements in the field of pet probiotics is expected to provide significant growth opportunities in the near future.

For instance, in March 2023, Goli Nutrition launched a symbiotic supplement, Beech-Nut revealing veggie, and probiotic-infused biscuits. Goli Nutrition’s new product is, “World’s First 3-in-1 Pre+Post+Probiotics Gummy,” which combines pre-, pro- and postbiotics in a single gummy.

Key Developments in the Pet Probiotics Market

In May 2023, IFF launched a new solution based on its Howaru probiotic ingredient.

In February 2023, ADM, one of the world’s leaders in science-backed nutrition solutions, announced that it opened a new production facility in Valencia, Spain to help meet rising global demand for probiotics, postbiotics, and other products that support health and well-being.

In February 2023, pet care brand Bark&Spark launched its new Probiotic Chews for dogs. The chews offer functional benefits, supporting digestive and immune health, as well as relief from allergies. Bark&Spark’s Probiotic Chews for dogs are available in 120-count bottles, providing about a two-month supply of functional support.

Pet Probiotics Market Scope

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Pet Probiotics Market Overview

Pet probiotics are dietary supplements formulated specifically for pets, such as dogs, cats, and other animals, to support their digestive health and overall well-being. Probiotics are live microorganisms, primarily bacteria and sometimes yeasts that are beneficial to the gastrointestinal tract. They work by promoting a healthy balance of bacteria in the gut, which is essential for proper digestion, nutrient absorption, immune function, and overall gut health.

Pet Probiotics Market Dynamics

The increasing awareness among pet owners about the importance of pet health and the role of probiotics in promoting digestive health and overall well-being is driving demand for pet probiotics. Moreover, expanding global pet population, especially in emerging markets, the rising incidence of gastrointestinal disorders in pets, and the increasing adoption of preventive healthcare practices are other factors fueling the demand for pet probiotics.

However, higher prices associated with quality probiotic products may limit their adoption, particularly in price-sensitive markets. This is expected to restrain the pet probiotics market growth.

Asia Pacific is the fastest-growing region in the pet probiotics market due to the increasing

Pet Probiotics Market Assessment

Pet Probiotics Market Segmentation

• By  Livestock: Cattle, Swine, Aquaculture, Pet, Equine, and Others
• By  Form: Dry, Liquid, Capsules, and Others
• By Region: North America, Latin America, Europe, Asia Pacific, Middle East, And Africa

Porter’s Five Forces Analysis, PESTEL Analysis, Case Studies, & Voice of Customers (VOC) 

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