In 2019, the global pet prebiotics industry was valued at USD 185.0 million. From 2019 to 2023, the market experienced a robust Compound Annual Growth Rate (CAGR) of 8.3%, with revenues projected to reach USD 285.3 million by 2024. Looking ahead, the market is expected to grow at an impressive 10.5% CAGR, reaching a value of USD 774.3 million by 2034.
The global pet prebiotics industry is thriving, driven by increasing awareness of pet health and wellness. Pet owners are increasingly seeking natural, functional dietary supplements to improve their pets’ digestive health, boost immune function, and enhance overall well-being.
This trend is fueled by the growing "humanization" of pets, as owners treat their pets like family members, providing premium care and high-quality nutrition. The market offers a variety of formats, including chewables, powders, and liquids, to cater to different pet needs, both historically and with today’s innovations.
Research and development in the industry continue to drive the introduction of new prebiotic formulations, as innovation pushes the boundaries of animal nutrition. The rise of e-commerce has also made it easier for pet owners to access and purchase prebiotic supplements, further contributing to market growth.
Looking to the future, this growth trajectory is expected to continue, supported by the expanding demand in developing countries and increasing consumer awareness about the benefits of high-quality pet supplements that promote health and wellness.
Read More: https://www.futuremarketinsights.com/reports/pet-prebiotics-market
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