The added part will have to be more in-depth on the U.S. market and needs to give someone who is ready to start a business in the U.S. an idea of where the business is heading. This report needs to be very detailed and have an in-depth analysis of the pet probiotics market in the U.S. At the same time, this is a GUIDE for people who are planning to start a pet probiotics company in the U.S. to know how to start their business.
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Industry Research on the U.S. Pet Probiotics Market
Due to the growing focus on the health and well-being of pets and the booming probiotics
sector, the U.S. pet probiotics market is dynamic and proliferating. Today, people love their pets
as family members rather than just companions, leading to a consistent growth in this market
sector. Current market studies show that the value of the worldwide pet probiotics market was
$4.301 billion in 2022, and estimates predict that it will rise even higher to $6.925.8 billion by
2030. The advantages of probiotics for dogs’ digestive health are becoming more widely
acknowledged, driving this increase. It is essential to comprehend the underlying causes driving
this market’s expansion and the chances it offers players to dive further into it. This industry is
evolving primarily due to the probiotic trend, which is well-known for having a favorable effect
on dogs’ digestive systems. By thoroughly analyzing this market landscape, stakeholders may
gain valuable insights into market dynamics and effectively leverage new opportunities.
Market Overview
With the value of the U.S. pet market predicted to exceed $80.69 billion in 2024 and
reach $103.27 billion by 2029, the industry is proliferating, according to the most recent
statistics. Numerous active catalysts are now reshaping the industry and driving this expansion
(Crespo & Faytong-Haro, 3010). Millennials, in particular, contribute significantly to this
expansion; by 2021, 35% of Millennials will own pets. According to the APPA National Pet
Owners Survey, there is a discernible change in the demographics, especially among young,
highly educated people who see dogs as essential parts of their families. The changing living
arrangements and lifestyle choices of well-educated dog owners reflect this change
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Source: Mordor Intelligence 2024
Analysis of the U.S. Pet Market growth from 2018-2023
The U.S. pet industry expanded in the years above owing to more pet owners buying pet
products and services. Sales have increased steadily, with major surges in 2022 indicating
significant changes in pet buyer preferences and spending habits. The rise in pet-related goods
and services shows that Americans value pets more. This reflects a societal shift toward seeing
pets as family members, which increases pet care and well-being spending. The 20182023
market study shows consumer behavior is evolving, with more people spending money on pets.
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