Medical Health & Life Science Research News

Pet food nutraceutical market to reach USD 8.25 billion by 2023

Medical Market Research

Owing to a surging population of aged pets and the growing acceptance for supplements by the veterinary community, the global pet food nutraceutical is estimated to grow in the forecast period.


The pet food market with a growing CAGR of 6.34% is estimated to be valued at USD 8.25 billion by 2023. 

Increasing use of nutritional supplements by pet owners as an alternative to veterinary visits is expected to drive the entire pet supplements segment, followed by therapeutic foods. The market sees huge potential in the form of natural and organic-based pet foods, and pet recalls due to cases of contamination.