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Fueled by heightened consumer interest inspired by COVID-19—especially in products targeting immunity, anxiety, and overall wellness—pet supplement sales skyrocketed 21% in 2020 to reach nearly $800 million, following several years of growth in the 3%-5% range, reports Packaged Facts in the market research report Pet Supplements in the U.S., 8th Edition.
Pet Supplements Playing to Pandemic Heightened Pet Health and Wellness Concerns, reports Packaged Facts Pet supplement sales skyrocketed 21% in 2020, quadrupling the rate of growth in 2019 News provided by Share this article Share this article ROCKVILLE Md., Feb. 9, 2021 /PRNewswire/ -- The coronavirus pandemic has elevated to new heights concerns over pet health and wellness, with the constant spotlight on disease and prevention causing Americans to embrace myriad strategies to keep pets healthy. Market research firm Packaged Facts' November/December 2020 Survey of Pet Owners, which is feat...
As we saw on the human side, the market for pet supplements expanded in 2020 and this growth has been sustained, says Bill Bookout, president of the National Animal Supplement Council (NASC).