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4 reasons pet owners are willing to pay more for functional supplements

ADM's recent Global Pet Supplements Report shows pet parents are looking at functional supplements as solutions for healthy aging and general wellness, joint health and mobility, dental and oral health, skin and coat health, and digestive health.

2 Lisa Selfie December 2020 Headshot
ADM's latest pet supplement report shows pet owners in all markets see value in purchasing pet products that include functional ingredients at a higher cost than pet products that don’t have a supplementary ingredient.
ADM's latest pet supplement report shows pet owners in all markets see value in purchasing pet products that include functional ingredients at a higher cost than pet products that don’t have a supplementary ingredient.
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Pet owners are increasingly prioritizing their pets' health, and many are willing to spend extra on supplements with functional ingredients. ADM's recent consumer research reveals a growing enthusiasm for these products, fueled by a combination of health-conscious concerns and innovative product formats.

The global pet treat and supplement market is forecasted to grow at an 8% CAGR through 2028. According to ADM's research, 85% of global pet parents believe proper nutrition and supplements are as important for their pets as they are for themselves.

Here's a closer look at the trends driving this demand: