The Global “Functional Pet Food Market” is expected to grow at a CAGR of 4.60% during the forecasting period (2021-2028).
Functional pet foods are specialty feed formulations enriched with natural ingredients that are aimed to provide health benefits.
Probiotics, prebiotics, omega-3 fatty acids, nucleotides, and enzymes are the major functional ingredients finding a role in pet animals’ well-being.
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These formulations are proven to offer a wide range of health benefits in pets. Weight management, dental health, digestive health, and immune system boosting are key functional areas of interest among pet owners. Also, functional pet foods aid in disease prevention and treatment among dogs and cats.
The growth of the market can be majorly attributable to the growing emphasis on preventative healthcare among pet owners. The U.S. and Europe are at the forefront of adopting nutritional diets focusing on their pets’ health and longevity.
By Pet Type
North America evolved as the largest market for functional pet food, accounting for XX% of the global sales revenue in 2019. Impressive pet population and high pet care spending in the U.S. led to market growth in the region
The U.S. has been an early developer and consumer of functional pet foods globally due to nutritional diet awareness in pet health.
According to Pet Industry Outlook published in 2018, nearly 70% of the country’s dog and cat owners highlighted the importance of functional pet food in preventative healthcare.
North America functional pet food market valued USD XX million in 2019 and is estimated to grow at a CAGR of XX% over the forecast period to reach a USD XX million by 2028
Major pet food companies operating in the regional market, including Nestle Purina, Royal Canin, Bluebuffalo, and Hills pet food, have entered into a functional pet food market to cater to pet owners’ growing demand.