Pet Relaxants Market Is Expected To Reach A Valuation Of US$ 540 Million By 2033

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Newly-released pet relaxants market analysis report by Fact.MR reveals that global sales of the pet relaxants market in 2022 were held at US$ 268 million. With 6.4% projected CAGR from 2023 to 2033, the market is expected to reach a valuation of US$ 540 million by the end of the forecast period.

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global pet relaxants market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the pet relaxants market

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Key Companies Profiled

  • Zoetis
  • VetriScience
  • Solid Gold Pet, LLC
  • Nootie
  • Vital Planet
  • Helopssa
  • Royce Naturals
  • Hemp Well
  • Pet Naturals
  • NaturVet
  • Feliway
  • Richard’s Organics
  • Great Pet Media
  • Beaphar
  • Oralx

 Competitive Landscape: 

Key players in the market are Zoetis, VetriScience, Solid Gold Pet, LLC, Nootie, Vital Planet, Helopssa, Royce Naturals, FURALAND, Hemp Well, PREMIUM CARE, THUNDERWORKS, Pet Naturals, NaturVet, Feliway, Richard’s Organics, Great Pet Media, Beaphar, and Oralx.

A few of the recent developments in the market are :

  • In September 2022, PetHonesty has entered the brick-and-mortar retail arena in collaboration with Petco Health & Wellness Company. With this change, PetHonesty’s products are now accessible in over 1,500 places across the United States.
  • In March 2023, Virbac announced aspirations to expand in Europe due to the growing population. The corporation intends to invest approximately US$ 42 million in a new facility in Saint-Gilles.

Category-Wise Insights

Pet relaxants for dogs are projected to witness significant revenue growth with a CAGR of 8% from 2018 to 2022. The market for this type is expected to grow at a CAGR of 6.2% from 2023 to 2033.

Dogs are the most commonly owned pets worldwide, and their ownership continues to grow. Dogs are known to experience high levels of anxiety and stress, particularly in certain situations such as thunderstorms, fireworks, and travel. This has led to an increased demand for products that can help dogs manage their anxiety and calm down in these situations. As a result, pet relaxant for dogs is projected to witness significant market growth.

Why Chewable Form of Pet Relaxants are projected to Witness Significant Growth?

Pet relaxants in chewable form is projected to witness significant growth with a CAGR of 7.8% from 2018 to 2022. The market through this category is expected to grow at a CAGR of 6% from 2023 to 2033.

Chewables are a convenient and easy-to-administer form of pet relaxant that can be given to pets without causing any stress or discomfort. This makes them an attractive option for pet owners who want to help their pets manage anxiety or stress. Chewables come in a variety of flavors and textures that are appealing to pets, making them more likely to accept and enjoy the supplement. Thus, chewables are projected to witness significant growth in the market.

Segmentation of the Pet Relaxants Market :

  • By Pet Type :
    • Dogs
    • Cats
    • Other Pet Types
  • By Form :
    • Pills/Tablets
    • Chewables
    • Powders
  • By Distribution Channel :
    • Online
    • Offline
  • By Region :
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

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Queries addressed in the pet relaxants market report:

  • Why are the pet relaxants market players targeting region for increased product sales?
  • What patented technologies are the players utilizing in the global pet relaxants market?
  • Which regions are displaying the fastest growth in the pet relaxants market?
  • What are the underlying micro-macroeconomic factors affecting the global pet relaxants market?

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