At 6.8% CAGR, the Asia Pacific Pet Supplements Market is projected to be worth US$ 674.08 million by 2028, says Business Market Insights

According to Business Market Insights research, the Asia Pacific pet supplements market was valued at US$ 453.83 million in 2022 and is expected to reach US$ 674.08 million by 2028, registering a CAGR of 6.8% from 2022 to 2028. Consumer preference for natural ingredients in pet supplements and consumer preferences for e-commerce platform are the critical factors attributed to the Asia Pacific pet supplements market expansion.  

Pet owners want their pets to receive proper nutrition, which may help them lead happy and healthy lives. Pet parents are checking the nutrients and additives included in pet supplements to ensure that their pets are receiving the most appropriate and beneficial care. The increasing preference for a healthy diet and rising awareness regarding the benefits of natural ingredients has surged the demand for natural pet supplements. Thus, the increasing consumer preference for natural ingredients in pet supplements has been anticipated to fuel the Asia Pacific pet supplements market growth during the forecast period.  

On the contrary, diversity in the pet ownership levels and cultural attitudes hurdles the growth of Asia Pacific pet supplements market.

Based on form, the Asia Pacific pet supplements market is segmented into chewable, powder, and others. The chewable segment held 67.6% share of Asia Pacific pet supplements market in 2022, amassing US$ 306.99 million. It is projected to garner US$ 452.14 million by 2028 to expand at 6.7% CAGR during 2022–2028.

Based on pet type, the Asia Pacific pet supplements market is segmented into dogs, cats, and others. The dogs segment held 68.0% share of Asia Pacific pet supplements market in 2022, amassing US$ 308.74 million. It is projected to garner US$ 463.03 million by 2028 to expand at 7.0% CAGR during 2022–2028.

Based on distribution channel, the Asia Pacific pet supplements market is bifurcated into online and offline. The offline segment held 82.3% share of Asia Pacific pet supplements market in 2022, amassing US$ 373.55 million. It is projected to garner US$ 550.56 million by 2028 to expand at 6.7% CAGR during 2022–2028.  

Based on country, the Asia Pacific pet supplements market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 34.4% share of Asia Pacific pet supplements market in 2022. It was assessed at US$ 156.25 million in 2022 and is likely to hit US$ 226.09 million by 2028, exhibiting a CAGR of 6.4% during 2022–2028. 

Key players operating in the Asia Pacific pet supplements market report Dorwest Herbs Ltd, Nordic Naturals, Nutramax Laboratories Consumer Care Inc, Comfort Click Ltd, and Zesty Paw LLC, among others.

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