Pet Food Nutraceutical Market - Analysis of Growth, Trends

Awareness and Interest on nutrition and health of Pets Asia-Pacific Pet Food Nutraceuticals Market

“Asia-Pacific Pet Food Nutraceuticals Market" research report, published by Market Data Forecast estimates that the market is growing with a CAGR of 4.56% to reach USD 0.94 billion by 2021, from USD 0.75 billion in 2016, which amounts to a cumulative growth of USD 0.19 billion.

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 Australian market is largely driven by the high divorce rate and the growing single population. The growth in the Japanese market is due to its large elderly populace that wishes the companionship of a pet. The high education levels and advanced infrastructure services enjoyed by these nations is also supplemented by a robust sense of culture and locality. The affluent standing and company offered by having a pet is a vital driver for the market in this region.

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The report also presents detailed analysis of multitude of factors affecting Asia-Pacific Pet Food Nutraceuticals Market bearing either positive or negative outcomes. Some of those factors are
• 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
• different regulatory bodies
• lack of recognition of pet food in under-developed countries
• lack of raw materials

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For granular level understanding the Asia-Pacific Pet Food Nutraceuticals Market is segmented based on Ingredient Type, Function type, Pet Type, and Application Type, each being provided with Market Size Estimations and Y-o-Y Forecasts.

The market for Pet Food Nutraceuticals, on the basis of Ingredient Type, is classified into Omega 3 fatty acids, Proteins and Peptides, Milk Bio actives, Probiotics, Dietary Fibre, and others. Among these, Omega 3 fatty acids lead the Pet Food Nutraceuticals market, followed by Probiotics. This demand is largely driven by the age associated diseases in pets like joints deterioration and cognitive dysfunction.

On the basis of Function type, the Pet Food Nutraceuticals market is segmented into Nutrition/Therapeutic and Supplements. On the basis of Pet Type, the Pet Food Nutraceuticals market is segmented into Cats, Fish, Dogs, Bird, and others. Under this segment, dogs and cats lead the market accounting for a combined share of 75% of the market. On the basis of Application Type, the Pet Food Nutraceuticals market is segmented into Weight Management, Immune system, Food Allergies, Pain Relief, Digestive health, Skin and Coat, Eye care, and others. Under this segment, Immune system leads the market, followed by Food Allergies and Pain Relief.

The Asia-Pacific region for Pet Food Nutraceuticals is geographically segmented into China, India, Japan, South Korea, and Australia. Heavily populated countries in this region such as China and India contribute to the increasing global share, with China leading the regional market with its ever-growing agricultural sector.

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 Pet Food Nutraceuticals market in this region are Diana group, BASF SE, Chr. Hansen A/S, Kemin Industries Inc., Nutraceutical International LLC, and Royal DSM N.V.

The Asia-Pacific Pet Food Nutraceuticals Market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of Ingredient Type, Function type, Pet Type, and Application Type long with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• 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
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market

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