Market Size of North America Pet Food Nutraceuticals Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2020 |
| CAGR | 4.86 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Pet Food Nutraceuticals Market Analysis
North America Pet Food Nutraceuticals Market is projected to grow at a CAGR of 4.86% during the forecast period (2020-2025). The North American market is the first respondent to any major global trend or consumer pattern; the high level of market penetration and corresponding infrastructure are cited as reasons for pioneering attitude. The concept of pet ‘humanization’ is the major trend that is consolidating both the pet care and pet food markets into a sense of overall pet well-being. One significant outcome of this trend is the consumer focus toward nutraceutical foods and remedies from the comfort or treats foods. This focus is well visible in the marketing and new product launches of the major firms.
