The countries of Central and Eastern Europe represented a total market of 302 million people and a combined GDP of US$3.3 trillion in 2012.
Central & Eastern Europe is composed of a diverse range of markets, all at different stages of development. Markets throughout the region grew very rapidly until 2008, as many countries joined the EU between 2004 and 2007. All have healthcare systems in great need of renovation and updating, and spending on new diagnostic equipment in particular has been very strong. Most new equipment is imported, as Russia, Poland, the Czech Republic, Ukraine and Hungary represent the five largest markets in the region. Slovenia is a small market, but has the highest per capita expenditure, on a par with much of Western Europe.
The Economic Situation
All countries in the CEE region were affected by the global economic crisis to some extent; Ukraine was particularly hard hit with its economy contracting by 14.8% in 2009. However, most of the region emerged from recession in 2010 and all CEE countries were exhibiting positive growth rates by 2011. The regional economy is expected to grow by an annual average of 3.1% between 2012 and 2016, although the ongoing eurozone crisis may negatively impact this rate. The CEE region contains export-dependent countries such as the Czech Republic and Hungary, which will be vulnerable to any depressed demand in the eurozone. However, financial assistance provided by the IMF has helped countries such as Romania to strengthen their economies and limit the effects of the recession on the health sector; overall demand for medical devices has therefore remained strong, particularly in the consumables field.
Regional Health Expenditure
Total health expenditure for the CEE region is projected to reach an estimated US$329.0 billion by 2016, equal to 6.7% of GDP. At present, only 29% of spending in the region is private, but over 85% of this is composed of out-of-pocket payments. The area of private healthcare plans remains largely undeveloped within most markets. Slovenia, the wealthiest country per capita in the region, is the only state in which private plans have become a strong feature, representing almost half of total private spending.
Focus on market opportunities: Diagnostic Imaging
The table below shows the rise in demand for imported diagnostic imaging equipment since the end of the economic crisis, following a period of slow-moderate growth. Between 2006 and 2010, the CAGR for such equipment did not exceed 20% in the countries listed below; however, import performance was much more encouraging in the year ending October 2011, particularly in Romania and Poland where growth rates reached 47.8% and 34.0%, respectively. Only modest growth was observed in the Czech Republic and Slovakia, however. It will take time for countries such as Ukraine to return to pre-crisis growth rates; renewed investment in high-tech equipment will ensue as their economies strengthen.
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Highlights from the region
CZECH REPUBLIC
The Czech Republic was one of the larger and richer former Soviet countries to join the EU in May 2004. Its regulation and trade rules are now generally aligned to EU standards. It is well-located in central Europe and has an estimated population of 10.5 million in 2011. Healthcare funding is largely public, and mainly through health insurance. Private spending only accounts for an estimated 16.6% of total health expenditure in 2011. Provision of care is also largely public; the Czech Republic has yet to develop a substantial private sector. Around 80% of the Czech Republic medical device market is supplied by imports, which have risen rapidly in the past decade. In 2011, 35.7% were sourced from Germany. Other major suppliers were the Netherlands, Belgium, Switzerland and France. In 2011, imports rose by 6.6% over 2010 and by a 2007-2011 CAGR of 8.2%.
HUNGARY
In 2011, the Hungarian market for medical equipment and supplies is estimated at US$573 million, or US$58 per capita. The market value has stalled since 2008, but it is expected that it will bounce back to expand at a CAGR of 4.5% per annum in the 2011-16 period, reaching US$715 million by 2016, equal to US$73 per capita.
Around 84% of the medical device market is supplied by imports. Most are sourced from the European Union, principally the Netherlands and Germany. There is a sizeable domestic production sector, with X-ray apparatus as a particular historic specialty, but this is largely geared towards export markets.
POLAND
The size of the private healthcare sector is slowly expanding. The availability of private facilities improved significantly in 2000, when bed numbers increased three-fold. Around a quarter of health expenditure is private, although out-of-pocket payments account for most of this. In 2011, the Polish market for medical equipment and supplies is estimated at US$2,013.4 million, or US$53 per capita. The market experienced rapid growth until the end of 2008, but imports fell back sharply in the early part of 2009. The economic downturn has so far proved short, however, with growth resuming in 2010, albeit at a slightly lower rate than in previous years. Around 85% of the Polish medical device market is supplied by imports. Germany and the Netherlands were the leading suppliers in 2011, together accounting for around nearly half of imports. Germany was the leading supplier of most categories of medical equipment.
RUSSIA
The Russian medical market is potentially huge, given its population and potential wealth of natural resources. Health expenditure remains low however, and patients are often forced to rely on out-of-pocket payments for treatment. A system of medical insurance is in place, but it is badly managed and the quality of treatment varies from region to region. The Russian healthcare system retains many of its Soviet-era characteristics, remaining bureaucratic and inefficient. However, the government’s national ‘health’ project aims to improve healthcare standards. Since the project’s implementation, numerous medical facilities have been upgraded and a substantial number of medical personnel have been awarded salary increases. In 2011, the Russian market for medical equipment and supplies is estimated at US$5,961.3 million. Per capita spending is low by European standards at US$42 per capita. This is despite rapid growth, especially of imported products, in the 2006-08 period.
11 Key Markets Covered
Bulgaria
Croatia
Czech Republic
Hungary
Poland
Romania
Russia
Serbia
Slovakia
Slovenia
Ukraine
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Feb 7, 2013
U.S. Pet Supplements and Nutraceutical Treats Market - 4th Edition
ReportsnReports add new market research report "Pet Supplements and
Nutraceutical Treats in the U.S." to its vast collection.
Following double-digit annual sales gains in years past, sales growth in the U.S. market for pet supplements and nutraceutical treats has begun to moderate: marketers will need to work harder to remain relevant. With hundreds of products batting for limited shelf space, selling pet supplements means educating consumers and retailers about their benefits and differences, with veterinarians remaining the toughest customers of all. Clinical testing, proprietary formulas, the NASC (National Animal Supplement Council) seal of approval, novel ingredients, natural ingredients, retail merchandising, and social media programs are all parts of the competitive equation as, now more than ever, the sale of one pet supplement or nutraceutical treat comes at the expense of another.
Throughout the recession and its aftermath of economic doldrums, sales of dog and cat treats remained strong. So it is perhaps not surprising that pet supplements are increasingly resembling treats. Traditional forms still abound, including tablets and pills. But palatability concerns and the human/pet “enjoyment factor” of supplements in treat form has led to an explosion of functional biscuits and “soft chews.” Also gaining ground are alternative delivery formats including gels and pastes, as well as gravies and powders designed to be added to pet food. As a result, the boundary between supplements and foods continues to blur as the number of pet owners regularly supplementing their pet’s diet in one way or another continues to rise.
As in human supplements, aging is the core market driver as more pets suffer from age-related conditions such as joint deterioration and cognitive dysfunction. Also taking a page from human supplements are popular ingredients including glucosamine, omega fatty acids, and probiotics, along with trendier ingredients like bee pollen, green tea, and elk velvet antler. At the same time, many supplements not sold as foods continue to inhabit a regulatory gray area while banking on “unapproved drugs for which enforcement discretion may be exercised” status with the FDA. Nevertheless, the industry’s self-policing efforts, spearheaded by the NASC, have clearly raised the industry confidence level, as has the increased focus on supplements wielding the kinds of scientific backing most veterinarians require.
This 4th edition of Packaged Facts’ definitive Pet Supplements and Nutraceutical Treats in the U.S. report segments the market into two categories—pet supplements and nutraceutical treats (i.e., those containing supplements or novel botanical ingredients addressing specific health conditions)—with a primary focus on products for dogs and cats, but also extending to horses and other types of small companion animals. The report provides a forward-looking examination of the market from every angle, including an update on the regulatory situation; historical sales figures and projections spanning the 2008-2017 period; breakouts by supplement type and retail channel; competitive activity by channel including pet specialty, veterinary, mass-market, and online; marketing and new product trends; and consumer patterns and preferences.
With market projections placing U.S. retail sales at $1.6 billion by 2017, the report homes in on high-growth segments including feline, alternative administration formats including chewable tablets or soft chews, gels, pastes, liquids, powders, sprays, and pet food toppers, as well as full-fledged nutraceutical treats, natural and organic products, senior and other condition-specific products, featured ingredients, and enthusiastic or potential consumer demographics. Featuring exclusive Packaged Facts pet owner survey data, the report details consumer trends in dog and cat supplement and nutraceuticals treat usage by product type, brand, and retail channel.
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Table of Contents
Chapter 1: Executive Summary
Scope & Methodology
Market Definition
Two Product Categories
Two Animal Classifications
Report Methodology
Market Trends
U.S. Retail Sales Chart Gradual Recovery Post Recession
Figure 1-1: Share of U.S. Retail Sales of Pet Supplements and Nutraceutical Treats: Small Animal (Dog, Cat, Other) vs. Equine, 2008 vs. 2012 (percent)
Share of Pet Supplement and Nutraceutical Treat Sales by Function
Sales by Distribution Channel
Annual Sales Gains Expected to Rise Gradually
Figure 1-2: U.S. Retail Sales of Pet Supplements and Nutraceutical Treats: Total, Small Animal (Dog, Cat, Other),Equine, 2008, 2012, 2017 (in millions of dollars)
Figure 1-3: Pet Supplement Opportunity Gap: Percentage of Dog or Cat Owners Who Use Human Supplements vs. Percentage of Dog or Cat Owners Who Buy Pet Supplements, 2012
Competitive Trends
Most Supplement Companies Focused in Pet Health
Veterinary Channel Marketers and Trends
Channel Cross-Over and Expansion
Private-Label Supplement Range Expanding
Marketing and New Product Trends
Advertising and Promotion
Beyond Print
Educating Retailers
New Product Activity Continues, Though at Slower Pace
Focus on Felines
Illustration 1-1: Trade Ad for NaturVet’s Functional Soft Chews for Cats (Pet Business, January 2013)
Consumer Trends
Overview of Supplemental Pet Nutrition Products
Table 1-1: Use of Supplemental Pet Nutrition Products by Type: Dog vs. Cat Owners, 2012 (percent)
Topline Usage Rates Among Dog and Cat Owners
Figure 1-4: Use of Pet Supplements: Dog vs. Cat Owners,2010 vs. 2012 (percent)
Figure 1-5: Use of Pet Nutraceutical Treats: Dog vs. Cat Owners, 2012 (percent)
Usage of Dog Products Recovers in 2011 and 2012
Multiple-Pet Factor Favors Dog Supplement/Nutraceutical Treat Sales
Chapter 2: Introduction
Product Parameters
Market Definition
Two Product Categories
Two Animal Classifications
Report Methodology
Condition-Specific Products
Natural vs. Synthetic
Organic Regulation
Third-Party Organic Accreditation
Product Regulation
Two Choices: Food or Drug
The National Animal Supplement Council
Product Labeling and Claims
Scientific Advisory Committee
Adverse Event Reporting
NASC Implements New Rules
NASC Honored for Efforts on Behalf of Industry
Human Supplement Regulation Based on Dietary Supplement
Health and Education Act (DSHEA)
Chapter 3: The Market
Market Size and Composition
U.S. Retail Sales Chart Gradual Recovery Post Recession
Table 3-1: U.S. Retail Sales of Pet Supplements and Nutraceutical Treats: Total, Small Animal (Dog, Cat, Other),Equine, 2008–2012 (in millions of dollars)
Figure 3-1: Share of U.S. Retail Sales of Pet Supplements and Nutraceutical Treats: Small Animal (Dog, Cat, Other) vs. Equine, 2008 vs. 2012 (percent)
Small Animal Supplements and Nutraceutical Treats
Table 3-2: U.S. Retail Sales of Small Animal (Dog, Cat, Other)Pet Supplements and Nutraceutical Treats: Total,Supplements, Treats, 2008–2012 (in millions of dollars)
Figure 3-2: Share of U.S. Retail Sales of Small Animal (Dog, Cat, Other) Pet Supplements and Nutraceutical Treats: Supplements vs. Treats, 2008 vs. 2012 (percent)
Figure 3-3: Share of U.S. Retail Sales of Small Animal Pet Supplements and Nutraceutical Treats by Animal Type:Dog, Cat, Other, 2012 (percent)
Equine Supplements and Nutraceutical Treats
Table 3-3: U.S. Retail Sales of Equine Supplements and Nutraceutical Treats: Total, Supplements, Treats, 2008–2012 (in millions of dollars)
Figure 3-4: Share of U.S. Retail Sales of Equine Supplements and Nutraceutical Treats: Supplements vs. Treats, 2008 vs. 2012 (percent)
Mass-Market Sales and Composition
Table 3-4: SymphonyIRI-Tracked Sales of Dog and Cat Nutraceutical Treats and Supplements, 52 Weeks Ending November 4, 2012 vs. Year-Ago (in thousands of dollars)
Figure 3-5: Share of SymphonyIRI-Tracked Sales of Dog and Cat Nutraceutical Treats and Supplements, 52 Weeks Ending November 4, 2012 vs. Year-Ago (in thousands of dollars)
Natural/Organic Product Share of Sales
Figure 3-6: Natural/Organic Share of U.S. Retail Sales of Pet
Supplements and Nutraceutical Treats, 2008, 2010, 2012(percent)
Pet Supplement Sales Up 7% in Natural Supermarket Channel
Table 3-5: Retail Dollar Sales of Pet Products in the Natural Supermarket Channel by Category and Segment, 2011 vs.2012 (in millions of dollars)
Share of Pet Supplement and Nutraceutical Treat Sales by Function
Figure 3-7: Share of U.S. Retail Sales of Dog Supplements and Nutraceutical Treats by Type: 2012 (percent)
Figure 3-8: Share of U.S. Retail Sales of Cat Supplements and Nutraceutical Treats by Type: 2012 (percent)
Figure 3-9: Share of U.S. Retail Sales of Horse Supplements and Nutraceutical Treats by Type, 2012 (percent)
Horse Supplement Usage by Form and Region
Table 3-6: Form of Horse Supplements Usually Used, 2006, 2008, 2010 (percent)
Sales by Distribution Channel
Figure 3-10: Share of U.S. Retail Sales of Small Animal Supplements and Nutraceutical Treats by Distribution Channel, 2010 vs. 2012 (percent)
Figure 3-11: Share of U.S. Retail Sales of Equine Supplements and Nutraceutical Treats by Distribution Channel, 2012 (percent)
Pet Supplements Less Than 5% of Pet Specialty Store Sales
Regardless of Animal Category
Figure 3-12: Supplement Share of Pet Specialty Store Sales
by Animal Category: 2011 (percent)
Table 3-7: Percentage of Pet Specialty Store Sales Volume
Derived from Pet Supplements by Animal Type, 2011
Market Outlook
Positive Trends in Human Supplements Bode Well for Pet Supplements
Pets as Family Trend Bolsters Pet Health/Wellness Spending
Table 3-8: Pet Owner Attitudes and Behavior Characterizing Human/Animal Bond, 2012 (percent)
Table 3-9: Level of Veterinary Expenditures by Human-Animal Bond and Animal Type, 2011 (mean dollar per household)
Figure 3-13: Level of Agreement with Statement: “I buy pet supplements and/or functional treats to make doubly sure that my pet gets all the special nutrition it needs,” 2012(percent)
A Natural Advantage
Figure 3-14: U.S. Retail Sales of Natural Pet Products, 2008, 2012, 2017 (in millions of dollars)
Figure 3-15: Level of Agreement with Statement: “If natural/organic pet products were more available where I shop, I would buy them more often,” 2012 (percent)
Figure 3-16: Level of Agreement with Statement: “I am veryconcerned about the safety of the pet products I buy,” 2012(percent)
Figure 3-17: Level of Agreement with Statement: “I prefer tobuy pet supplements and/or functional treats that are allnaturalor organic,” 2012 (percent)
Pet Med Alternatives
Table 3-10: Level of Agreement with Statement: “I avoid usingpet medications as much as possible”: Dog Owners vs. Cat Owners, 2011 (percent)
Table 3-11: Level of Agreement with Statement: “I prefer to try holistic/natural pet treatments including nutritional supplements before resorting to pet medications”: Dog Owners vs. Cat Owners, 2011 (percent)
Supplements Advancing Among Veterinarians, But They Still Want More Testing
Negative PR
Growing Focus on Therapeutic Pet Foods
Table 3-12: Level of Agreement with Statement: “I believe that pet supplements are more effective than ‘functional’ pet food designed to treat specific health conditions,” 2012 (percent)
Table 3-13: Level of Agreement with Statement: “I believe “functional” pet food designed to treat specific health conditions is more effective than supplements in pill, tablet, liquid, or powder form,” 2012 (percent)
Table 3-14: Level of Agreement with Statement: “I do not use pet supplements because I believe my pet gets all the nutrients it needs from the pet food I buy,” 2012 (percent)
Illustration 3-1: Hill’s Everypeteverytime.com Vet-Targeted Website
Nutraceutical Treats Expanding Market Boundaries
Lack of Product Understanding Hinders Market
Figure 3-18: Level of Agreement with Statement: “I believe that ordinary pet food provides all the nutrition that pets need,” 2012 (percent)
Equine Segment Suffers from Decline in Horse Population
Table 3-15: How Pet Owners View Their Pets by Type of Pet, 2011 (percent)
Regulatory Situation: Status Quo Seems to Working
Pet Market Macrotrends
Pet Ownership and Population Trends
Table 3-16: Household Penetration Rates for Dogs and Cats, 2007-2012 (U.S. households—percent and number in thousands)
The Aging Pet Population
Table 3-17: Age of Dogs and Cats, 2012 (percent of pet owners)
Pet Overweight and Obesity
Table 3-18: Percentage and Number of Overweight and Obese Dogs and Cats, 2011
Figure 3-19: “My pet would be considered overweight or obese,” 2012 (percent)
Pet Owners Still Budget Crunching Post Recession
Table 3-19: Level of Agreement with Statement: “I am spending less on pet products because of the economy,”2010-2012 (percent)
Looking Ahead
Annual Sales Gains Expected to Rise Gradually
Table 3-20: Projected U.S. Retail Sales of Pet Supplements and Nutraceutical Treats: Total, Small Animal (Dog, Cat,
Other), Equine, 2012–2017 (in millions of dollars)
Table 3-21: Projected U.S. Retail Sales of Small Animal (Dog, Cat, Other) Pet Supplements and Nutraceutical Treats:
Total, Supplements, Treats, 2012–2017 (in millions of dollars)
Table 3-22: Projected U.S. Retail Sales of Equine
Supplements and Nutraceutical Treats: Total, Supplements,
Treats, 2012–2017 (in millions of dollars)
Table 3-23: Share of U.S. Retail Sales of Pet Supplements and Nutraceutical Treats: Small Animal (Dog, Cat, Other) vs. Equine, 2012–2017 (percent)
Why the Sluggishness?
On a Positive Note
Illustration 3-2: GNC Vitamins & Supplement for Cats Center in PetSmart
Illustration 3-3: GNC Vitamins & Supplement for Cats Center in PetSmart (Closeup)
Figure 3-20: Level of Agreement with Statement: “I would prefer to buy pet supplements under the same human brand names I’m familiar with (such as One-a-Day),” 2012 (percent)
Illustration 3-4: Royal Canin’s New X-Small Dog Pet Food Line
Illustration 3-5: Iams’ New Senior Plus (Age 11+) Pet Foods
Figure 3-21: Pet Supplement Opportunity Gap: Percentage of
Dog or Cat Owners Who Use Human Supplements vs.
Percentage of Dog or Cat Owners Who Buy Pet Supplements, 2012
Chapter 4: Competitive Trends
Most Supplement Companies Focused in Pet Health
Mergers & Acquisitions
Bayer Acquires Teva Animal Health
Perrigo Acquires Sergeant’s
Kemin Acquires Genesis
Unicharm Takes Stake in Hartz (Sumitomo)
Nutri-Vet Acquired by Imperial Capital/Petra Pet
The Honest Kitchen Receives Capital Investments
Quaker Pet Group Acquires Watson’s Senior Pet Supplies
Pet Specialty Channel Marketers
Mass-Market Activity in Pet Supplements: Leading Marketers and Brands
Mass-Market Activity in Nutraceutical Treats: Leading
Marketers and Brands
Table 4-1: SymphonyIRI-Tracked Sales of Pet Supplements, 52 Weeks Ending November 4, 2012 vs. Year-Ago (in thousands of dollars)
Table 4-2: SymphonyIRI-Tracked Sales of Nutraceutical Dog Treats, 52 Weeks Ending November 4, 2012 vs. Year-Ago (in thousands of dollars)
Table 4-3: SymphonyIRI-Tracked Sales of Nutraceutical Cat Treats, 52 Weeks Ending November 4, 2012 vs. Year-Ago (in thousands of dollars)
Veterinary Channel Marketers and Trends
Patented Formulations
Clinically Proven
Illustration 4-1: GLC Direct’s New Actistatin Joint Supplement
Teva Bounces Back with New Parent and New Products
Illustration 4-2: Teva Animal Health Products Web Page
The French Contingent: Sogeval, Vétoquinol, Virbac
Illustration 4-3: Virbac’s Pet-Tabs Home Page
Channel Cross-Over and Expansion
Illustration 4-4: Tomlyn Pet Supplements and Soft Chews
Illustration 4-5: Nutramax’s New Line of Supplements for Walmart
Illustration 4-6: Nutri-Vet’s Best Pet Health Supplements for the Mass Market
Iams and Merrick Back Out of Pure-Play Supplement Waters, Nestlé Purina Forges Ahead
Illustration 4-7: Nestlé Purina’s FortiFlora Supplement Web Page
Illustration 4-8: Fruitables Canned Supplements for Dogs & Cats
Illustration 4-9: Nature’s Variety Raw Daily Boost Powder Supplements
Novus Ramping Up in Companion Animal Supplements
Illustration 4-10: Promotional Flyer for Novus’s Arenus Supplements
Illustration 4-11: Trade Ad for Novus’s Previda Probiotic Ingredient (Petfood Industry, December 2012)
Private-Label Supplement Range Expanding
Illustration 4-12: Selected PetSmart/GNC Specialty Supplements
Illustration 4-13: GNC Vitamins & Supplement for Dogs Center in PetSmart
Illustration 4-14: Banner Ad for GNC Pets Line on PetSmart.com
Figure 4-1: Level of Agreement with Statement: “I buy pet supplements under the same human supplement brand names I’m familiar with (such as GNC),” 2012 (percent)
Illustration 4-15: Petco’s Pet Supplement Web Page
Illustration 4-16: Petco’s Healthy Select Store-Brand Pet Supplements
Illustration 4-17: Petco Store-Brand Pet Supplements
Illustration 4-18: “Supplement” Results from Butler Schein’s Online Compendium
Table 4-4: Selected Marketers and Brands of Pet Supplements and Nutraceutical Treats, 2012
Chapter 5: Marketing and New Product Trends
Marketing Trends
Advertising and Promotion
Illustration 5-1: Trade Ad for GreenDog Naturals Pet Supplements (Pet Age, October 2011)
Clinically Proven
Illustration 5-2: Trade Ad for ProLabs’ Flex Rx (Pet Business, April 2012)
Nutramax Relies on Celebrities, Including The Lord
Illustration 5-3: Nutramax Videos on YouTube
Nutri-Vet Deploys Award-Winning Animated Videos
Illustration 5-4: Nutri-Vet Animated Videos on YouTube
Vétoquinol Introduces Rewards Program for Veterinarians
Educating Retailers
Table 5-1: Repeat, Impulse, Sale/Promoted, and Comparison-Shopping-Based Purchasing Rates for Pet Supplements vs. Other Types of Nonfood Pet Products, 2012 (percent)
Merchandising
Illustration 5-5: Retail Displays of Tomlyn Supplements and Treats
On the Web
Illustration 5-6: GNC Pet Supplements at GNC.com
Illustration 5-7: Website Banner Link to Online Shopping Options
New Product Trends
Activity Continues, Though at Somewhat Slower Pace
Focus on Felines
Illustration 5-8: Trade Ad for NaturVet’s Condition-Specific Soft Chews for Cats (Pet Business, January 2013)
Illustration 5-9: Mars/Nutro’s Feline Greenies Smartbites Treats Soft Chews, Gels, Pastes, and Other Non-Traditional Forms
Illustration 5-10: NoviPet’s Soft Chew Supplements for Dogs
Illustration 5-11: Trade Ad for Tomlyn’s Gel Supplements for Cats
Illustration 5-12: Synergy Laboratories’ Richard’s Organics 100% Natural Nutrient Pastes
Pet Food Add-Ins
Illustration 5-13: Bergan’s Prudence–Nature’s Wellness Supplement Powders
Illustration 5-14: Trade Ad for The Missing Link Supplement Powders (Pet Age, December, 2012)
Liquid Supplements
Illustration 5-15: Animal Business Concepts’ Cool Pet Hydration Formulas
Condition-Specific Supplements
Illustration 5-16: PetSmart/GNC Nutraceutical Dog Treats
Illustration 5-17: Oxbow Animal Health’s Natural Science
Small Animal Supplements
Joint Support
Illustration 5-18: Steadfast Joint Health Supplement from Arenus (Novus)
Illustration 5-19: Trade Ad for Grizzly Pet Products’ Joint Aid 4 Dogs (Pet Business, December 2012)
Skin & Coat Health
Illustration 5-20: Cardinal Lab’s Full Life Omega Antioxidant Treats
Illustration 5-21: In Clover’s Glow Skin & Coat Soft Chews for Dogs
Illustration 5-22: Vitakraft’s Sunseed Mineral Treats
Calming/Behavior-Control Products
Digestive Health, Immune Support, and Probiotics
Illustration 5-23: Trade Ad for Herbsmith’s Microflora Plus for Digestion for Dogs and Cats (Pet Business, February 2012)
Illustration 5-24: DogGestive Digestive Health Supplement for Dogs
Illustration 5-25: GeneFlora for Pets (and People) Probiotic Supplements
Illustration 5-26: Harrison's Bird Foods’ Avian Enzyme Oral Care/Breath Products
Illustration 5-27: Vetri-Science’s Perio-Support
Weight Loss/Maintenance
Illustration 5-28: Garmon Corp.’s Slim-N-Fit Weight Control Canine Supplement
Liver, Kidney, and Bladder Function
Illustration 5-29: Sogeval’s S-Adenoysl-225 Snap Tablets
Illustration 5-30: Trade Ad for Herbsmith’s Bladder Care Supplements (Pet Business, April 2012)
Senior-Specific
Illustration 5-31: Quaker Pet Group’s Silver Tails Collection of Senior Pet Products
Illustration 5-32: AvidLife Pets’ Nutritional and Lubricant Eye Drops
Multivitamins, Multitasking, and Multipet
Illustration 5-33: Harrisons’ Pet Products’ Sunshine Factor and Booster Supplements
Featured Ingredients Bee Pollen and Bee Propolis
Illustration 5-34: Trade Ad for Ferrera Farms Naturals Bee the Best Supplements (Pet Business, April 2012)
Elk Antler
Illustration 5-35: Trade Ad for Wapiti Laboratories’ Elk Velvet Antler Supplements (Pet Product News International 2013 Annual Buying Guide)
Flax
Green Tea
Illustration 5-36: Consumer Ad for Reishi with Green Tea Immunity Boost Canine Supplement (Animal Wellness,June/July 2012)
Green-Lipped Mussel
Illustration 5-37: Greenies JointCare Treats with Green-Lipped Mussel
Kelp
Mushrooms
Illustration 5-38: Mushroom Matrix’s Equine Matrix and Pet Matrix
Chapter 6: Consumer Trends
Overview of Supplemental Pet Nutrition Products
Table 6-1: Use of Supplemental Pet Nutrition Products by Type: Dog vs. Cat Owners, 2012 (percent)
Consumer Focus: Pet Supplements
Topline Usage Rates Among Dog and Cat Owners
Figure 6-1: Use of Pet Supplements: Dog vs. Cat Owners,2010 vs. 2012 (percent)
Topline Number of Product Purchasers
Over Two-Thirds Use OTC Products
Figure 6-2: Use of OTC Pet Supplements: Dog Owners vs. Cat Owners, 2012 (percent)
Figure 6-3: Use of Vet-Prescribed or Vet-Dispensed Pet Supplements: Dog vs. Cat Owners, 2012 (percent)
Over Half Buy at Pet Superstores
Table 6-2: Purchasing Patterns for Pet Supplements by Retail Channel, 2010 vs. 2012 (percent of U.S. dog or cat owners who use OTC pet supplements)
Petco and Hartz Tied as Top Brands by Usage Rates
Table 6-3: Purchasing Patterns for Pet Supplements by Brand, 2012 (percent of U.S. dog or cat owners who use pet supplements)
Consumer Traits of Pet Supplement Purchasers
Table 6-4a: Use of Pet Supplements by Consumer Trait: Dog Owners, 2012 (percent)
Table 6-4b: Use of Pet Supplements by Consumer Trait: Cat Owners, 2012 (percent)
Joint Health Divides Dog from Cat Segments
Table 6-5: Use of Pet Supplements and Nutraceutical Treats by Type: Dog vs. Cat Owners, 2012 (percent of U.S. dog or cat owners who use pet nutraceutical treats)
Consumer Focus: Nutraceutical Treats
Topline Usage Rates Among Dog and Cat Owners
Figure 6-4: Use of Pet Nutraceutical Treats: Dog vs. Cat Owners, 2012 (percent)
Topline Number of Product Purchasers
Purchasing Patterns: Pet Superstores vs. Walmart
Table 6-6: Purchasing Patterns for Nutraceutical Treats by Retail Channel, 2012 (percent of U.S. dog or cat owners who use OTC pet supplements)
Few Nutraceutical Treats Show up in Experian Simmons Data
Consumer Traits of Pet Nutraceutical Treat Purchasers
Table 6-7a: Use of Pet Nutraceutical Treats by Consumer Trait: Dog Owners, 2012 (percent)
Table 6-7b: Use of Pet Nutraceutical Treats by Consumer Trait: Cat Owners, 2012 (percent)
Historical Usage Rate Trends
Usage of Dog Products Recovers in 2011 and 2012
Figure 6-5: Purchasing Rates for Supplemental Pet Nutrition Products: Dog vs. Cat Owners, Summer 2012 (U.S. dog- or cat-owning households)
Table 6-8: Purchasing Rates for Supplemental Pet Nutrition
Products: Dog vs. Cat Owners, Spring 2005-Spring 2011 (U.S. dog- or cat-owning households)
Usage Rates for Cat Products Hit Bump in the Climb
Table 6-9: Household Income Level Snapshot: Dog vs. Cat Owners, 2012 (U.S. dog- or cat-owning households)
Product Purchaser Demographics
Multiple-Pet Factor Favors Dog Supplement/Nutraceutical
Treat Sales
Table 6-10: Purchasing Rates for Supplemental Pet Nutrition Products by Number of Pets: Dog vs. Cat Owners, 2012 (percent and index for U.S. dog- or cat-owning households)
Table 6-11a: Dog and Cat Ownership Trends by Number of Pets, 2008-2012 (percent of U.S. households)
Table 6-11b: Dog and Cat Ownership Trends by Number of Pets, 2008-2012 (number of U.S. households in thousands)
Demographic Patterns Are Anomalous
Table 6-12: Demographics for Purchasing of Supplemental Pet
Nutrition Products: Dog Owners, 2012 (percent, number of households, and index)
Table 6-13: Demographics for Purchasing of Supplemental Pet Nutrition Products: Cat Owners, 2012 (percent, number of households, and index)
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Following double-digit annual sales gains in years past, sales growth in the U.S. market for pet supplements and nutraceutical treats has begun to moderate: marketers will need to work harder to remain relevant. With hundreds of products batting for limited shelf space, selling pet supplements means educating consumers and retailers about their benefits and differences, with veterinarians remaining the toughest customers of all. Clinical testing, proprietary formulas, the NASC (National Animal Supplement Council) seal of approval, novel ingredients, natural ingredients, retail merchandising, and social media programs are all parts of the competitive equation as, now more than ever, the sale of one pet supplement or nutraceutical treat comes at the expense of another.
Throughout the recession and its aftermath of economic doldrums, sales of dog and cat treats remained strong. So it is perhaps not surprising that pet supplements are increasingly resembling treats. Traditional forms still abound, including tablets and pills. But palatability concerns and the human/pet “enjoyment factor” of supplements in treat form has led to an explosion of functional biscuits and “soft chews.” Also gaining ground are alternative delivery formats including gels and pastes, as well as gravies and powders designed to be added to pet food. As a result, the boundary between supplements and foods continues to blur as the number of pet owners regularly supplementing their pet’s diet in one way or another continues to rise.
As in human supplements, aging is the core market driver as more pets suffer from age-related conditions such as joint deterioration and cognitive dysfunction. Also taking a page from human supplements are popular ingredients including glucosamine, omega fatty acids, and probiotics, along with trendier ingredients like bee pollen, green tea, and elk velvet antler. At the same time, many supplements not sold as foods continue to inhabit a regulatory gray area while banking on “unapproved drugs for which enforcement discretion may be exercised” status with the FDA. Nevertheless, the industry’s self-policing efforts, spearheaded by the NASC, have clearly raised the industry confidence level, as has the increased focus on supplements wielding the kinds of scientific backing most veterinarians require.
This 4th edition of Packaged Facts’ definitive Pet Supplements and Nutraceutical Treats in the U.S. report segments the market into two categories—pet supplements and nutraceutical treats (i.e., those containing supplements or novel botanical ingredients addressing specific health conditions)—with a primary focus on products for dogs and cats, but also extending to horses and other types of small companion animals. The report provides a forward-looking examination of the market from every angle, including an update on the regulatory situation; historical sales figures and projections spanning the 2008-2017 period; breakouts by supplement type and retail channel; competitive activity by channel including pet specialty, veterinary, mass-market, and online; marketing and new product trends; and consumer patterns and preferences.
With market projections placing U.S. retail sales at $1.6 billion by 2017, the report homes in on high-growth segments including feline, alternative administration formats including chewable tablets or soft chews, gels, pastes, liquids, powders, sprays, and pet food toppers, as well as full-fledged nutraceutical treats, natural and organic products, senior and other condition-specific products, featured ingredients, and enthusiastic or potential consumer demographics. Featuring exclusive Packaged Facts pet owner survey data, the report details consumer trends in dog and cat supplement and nutraceuticals treat usage by product type, brand, and retail channel.
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Table of Contents
Chapter 1: Executive Summary
Scope & Methodology
Market Definition
Two Product Categories
Two Animal Classifications
Report Methodology
Market Trends
U.S. Retail Sales Chart Gradual Recovery Post Recession
Figure 1-1: Share of U.S. Retail Sales of Pet Supplements and Nutraceutical Treats: Small Animal (Dog, Cat, Other) vs. Equine, 2008 vs. 2012 (percent)
Share of Pet Supplement and Nutraceutical Treat Sales by Function
Sales by Distribution Channel
Annual Sales Gains Expected to Rise Gradually
Figure 1-2: U.S. Retail Sales of Pet Supplements and Nutraceutical Treats: Total, Small Animal (Dog, Cat, Other),Equine, 2008, 2012, 2017 (in millions of dollars)
Figure 1-3: Pet Supplement Opportunity Gap: Percentage of Dog or Cat Owners Who Use Human Supplements vs. Percentage of Dog or Cat Owners Who Buy Pet Supplements, 2012
Competitive Trends
Most Supplement Companies Focused in Pet Health
Veterinary Channel Marketers and Trends
Channel Cross-Over and Expansion
Private-Label Supplement Range Expanding
Marketing and New Product Trends
Advertising and Promotion
Beyond Print
Educating Retailers
New Product Activity Continues, Though at Slower Pace
Focus on Felines
Illustration 1-1: Trade Ad for NaturVet’s Functional Soft Chews for Cats (Pet Business, January 2013)
Consumer Trends
Overview of Supplemental Pet Nutrition Products
Table 1-1: Use of Supplemental Pet Nutrition Products by Type: Dog vs. Cat Owners, 2012 (percent)
Topline Usage Rates Among Dog and Cat Owners
Figure 1-4: Use of Pet Supplements: Dog vs. Cat Owners,2010 vs. 2012 (percent)
Figure 1-5: Use of Pet Nutraceutical Treats: Dog vs. Cat Owners, 2012 (percent)
Usage of Dog Products Recovers in 2011 and 2012
Multiple-Pet Factor Favors Dog Supplement/Nutraceutical Treat Sales
Chapter 2: Introduction
Product Parameters
Market Definition
Two Product Categories
Two Animal Classifications
Report Methodology
Condition-Specific Products
Natural vs. Synthetic
Organic Regulation
Third-Party Organic Accreditation
Product Regulation
Two Choices: Food or Drug
The National Animal Supplement Council
Product Labeling and Claims
Scientific Advisory Committee
Adverse Event Reporting
NASC Implements New Rules
NASC Honored for Efforts on Behalf of Industry
Human Supplement Regulation Based on Dietary Supplement
Health and Education Act (DSHEA)
Chapter 3: The Market
Market Size and Composition
U.S. Retail Sales Chart Gradual Recovery Post Recession
Table 3-1: U.S. Retail Sales of Pet Supplements and Nutraceutical Treats: Total, Small Animal (Dog, Cat, Other),Equine, 2008–2012 (in millions of dollars)
Figure 3-1: Share of U.S. Retail Sales of Pet Supplements and Nutraceutical Treats: Small Animal (Dog, Cat, Other) vs. Equine, 2008 vs. 2012 (percent)
Small Animal Supplements and Nutraceutical Treats
Table 3-2: U.S. Retail Sales of Small Animal (Dog, Cat, Other)Pet Supplements and Nutraceutical Treats: Total,Supplements, Treats, 2008–2012 (in millions of dollars)
Figure 3-2: Share of U.S. Retail Sales of Small Animal (Dog, Cat, Other) Pet Supplements and Nutraceutical Treats: Supplements vs. Treats, 2008 vs. 2012 (percent)
Figure 3-3: Share of U.S. Retail Sales of Small Animal Pet Supplements and Nutraceutical Treats by Animal Type:Dog, Cat, Other, 2012 (percent)
Equine Supplements and Nutraceutical Treats
Table 3-3: U.S. Retail Sales of Equine Supplements and Nutraceutical Treats: Total, Supplements, Treats, 2008–2012 (in millions of dollars)
Figure 3-4: Share of U.S. Retail Sales of Equine Supplements and Nutraceutical Treats: Supplements vs. Treats, 2008 vs. 2012 (percent)
Mass-Market Sales and Composition
Table 3-4: SymphonyIRI-Tracked Sales of Dog and Cat Nutraceutical Treats and Supplements, 52 Weeks Ending November 4, 2012 vs. Year-Ago (in thousands of dollars)
Figure 3-5: Share of SymphonyIRI-Tracked Sales of Dog and Cat Nutraceutical Treats and Supplements, 52 Weeks Ending November 4, 2012 vs. Year-Ago (in thousands of dollars)
Natural/Organic Product Share of Sales
Figure 3-6: Natural/Organic Share of U.S. Retail Sales of Pet
Supplements and Nutraceutical Treats, 2008, 2010, 2012(percent)
Pet Supplement Sales Up 7% in Natural Supermarket Channel
Table 3-5: Retail Dollar Sales of Pet Products in the Natural Supermarket Channel by Category and Segment, 2011 vs.2012 (in millions of dollars)
Share of Pet Supplement and Nutraceutical Treat Sales by Function
Figure 3-7: Share of U.S. Retail Sales of Dog Supplements and Nutraceutical Treats by Type: 2012 (percent)
Figure 3-8: Share of U.S. Retail Sales of Cat Supplements and Nutraceutical Treats by Type: 2012 (percent)
Figure 3-9: Share of U.S. Retail Sales of Horse Supplements and Nutraceutical Treats by Type, 2012 (percent)
Horse Supplement Usage by Form and Region
Table 3-6: Form of Horse Supplements Usually Used, 2006, 2008, 2010 (percent)
Sales by Distribution Channel
Figure 3-10: Share of U.S. Retail Sales of Small Animal Supplements and Nutraceutical Treats by Distribution Channel, 2010 vs. 2012 (percent)
Figure 3-11: Share of U.S. Retail Sales of Equine Supplements and Nutraceutical Treats by Distribution Channel, 2012 (percent)
Pet Supplements Less Than 5% of Pet Specialty Store Sales
Regardless of Animal Category
Figure 3-12: Supplement Share of Pet Specialty Store Sales
by Animal Category: 2011 (percent)
Table 3-7: Percentage of Pet Specialty Store Sales Volume
Derived from Pet Supplements by Animal Type, 2011
Market Outlook
Positive Trends in Human Supplements Bode Well for Pet Supplements
Pets as Family Trend Bolsters Pet Health/Wellness Spending
Table 3-8: Pet Owner Attitudes and Behavior Characterizing Human/Animal Bond, 2012 (percent)
Table 3-9: Level of Veterinary Expenditures by Human-Animal Bond and Animal Type, 2011 (mean dollar per household)
Figure 3-13: Level of Agreement with Statement: “I buy pet supplements and/or functional treats to make doubly sure that my pet gets all the special nutrition it needs,” 2012(percent)
A Natural Advantage
Figure 3-14: U.S. Retail Sales of Natural Pet Products, 2008, 2012, 2017 (in millions of dollars)
Figure 3-15: Level of Agreement with Statement: “If natural/organic pet products were more available where I shop, I would buy them more often,” 2012 (percent)
Figure 3-16: Level of Agreement with Statement: “I am veryconcerned about the safety of the pet products I buy,” 2012(percent)
Figure 3-17: Level of Agreement with Statement: “I prefer tobuy pet supplements and/or functional treats that are allnaturalor organic,” 2012 (percent)
Pet Med Alternatives
Table 3-10: Level of Agreement with Statement: “I avoid usingpet medications as much as possible”: Dog Owners vs. Cat Owners, 2011 (percent)
Table 3-11: Level of Agreement with Statement: “I prefer to try holistic/natural pet treatments including nutritional supplements before resorting to pet medications”: Dog Owners vs. Cat Owners, 2011 (percent)
Supplements Advancing Among Veterinarians, But They Still Want More Testing
Negative PR
Growing Focus on Therapeutic Pet Foods
Table 3-12: Level of Agreement with Statement: “I believe that pet supplements are more effective than ‘functional’ pet food designed to treat specific health conditions,” 2012 (percent)
Table 3-13: Level of Agreement with Statement: “I believe “functional” pet food designed to treat specific health conditions is more effective than supplements in pill, tablet, liquid, or powder form,” 2012 (percent)
Table 3-14: Level of Agreement with Statement: “I do not use pet supplements because I believe my pet gets all the nutrients it needs from the pet food I buy,” 2012 (percent)
Illustration 3-1: Hill’s Everypeteverytime.com Vet-Targeted Website
Nutraceutical Treats Expanding Market Boundaries
Lack of Product Understanding Hinders Market
Figure 3-18: Level of Agreement with Statement: “I believe that ordinary pet food provides all the nutrition that pets need,” 2012 (percent)
Equine Segment Suffers from Decline in Horse Population
Table 3-15: How Pet Owners View Their Pets by Type of Pet, 2011 (percent)
Regulatory Situation: Status Quo Seems to Working
Pet Market Macrotrends
Pet Ownership and Population Trends
Table 3-16: Household Penetration Rates for Dogs and Cats, 2007-2012 (U.S. households—percent and number in thousands)
The Aging Pet Population
Table 3-17: Age of Dogs and Cats, 2012 (percent of pet owners)
Pet Overweight and Obesity
Table 3-18: Percentage and Number of Overweight and Obese Dogs and Cats, 2011
Figure 3-19: “My pet would be considered overweight or obese,” 2012 (percent)
Pet Owners Still Budget Crunching Post Recession
Table 3-19: Level of Agreement with Statement: “I am spending less on pet products because of the economy,”2010-2012 (percent)
Looking Ahead
Annual Sales Gains Expected to Rise Gradually
Table 3-20: Projected U.S. Retail Sales of Pet Supplements and Nutraceutical Treats: Total, Small Animal (Dog, Cat,
Other), Equine, 2012–2017 (in millions of dollars)
Table 3-21: Projected U.S. Retail Sales of Small Animal (Dog, Cat, Other) Pet Supplements and Nutraceutical Treats:
Total, Supplements, Treats, 2012–2017 (in millions of dollars)
Table 3-22: Projected U.S. Retail Sales of Equine
Supplements and Nutraceutical Treats: Total, Supplements,
Treats, 2012–2017 (in millions of dollars)
Table 3-23: Share of U.S. Retail Sales of Pet Supplements and Nutraceutical Treats: Small Animal (Dog, Cat, Other) vs. Equine, 2012–2017 (percent)
Why the Sluggishness?
On a Positive Note
Illustration 3-2: GNC Vitamins & Supplement for Cats Center in PetSmart
Illustration 3-3: GNC Vitamins & Supplement for Cats Center in PetSmart (Closeup)
Figure 3-20: Level of Agreement with Statement: “I would prefer to buy pet supplements under the same human brand names I’m familiar with (such as One-a-Day),” 2012 (percent)
Illustration 3-4: Royal Canin’s New X-Small Dog Pet Food Line
Illustration 3-5: Iams’ New Senior Plus (Age 11+) Pet Foods
Figure 3-21: Pet Supplement Opportunity Gap: Percentage of
Dog or Cat Owners Who Use Human Supplements vs.
Percentage of Dog or Cat Owners Who Buy Pet Supplements, 2012
Chapter 4: Competitive Trends
Most Supplement Companies Focused in Pet Health
Mergers & Acquisitions
Bayer Acquires Teva Animal Health
Perrigo Acquires Sergeant’s
Kemin Acquires Genesis
Unicharm Takes Stake in Hartz (Sumitomo)
Nutri-Vet Acquired by Imperial Capital/Petra Pet
The Honest Kitchen Receives Capital Investments
Quaker Pet Group Acquires Watson’s Senior Pet Supplies
Pet Specialty Channel Marketers
Mass-Market Activity in Pet Supplements: Leading Marketers and Brands
Mass-Market Activity in Nutraceutical Treats: Leading
Marketers and Brands
Table 4-1: SymphonyIRI-Tracked Sales of Pet Supplements, 52 Weeks Ending November 4, 2012 vs. Year-Ago (in thousands of dollars)
Table 4-2: SymphonyIRI-Tracked Sales of Nutraceutical Dog Treats, 52 Weeks Ending November 4, 2012 vs. Year-Ago (in thousands of dollars)
Table 4-3: SymphonyIRI-Tracked Sales of Nutraceutical Cat Treats, 52 Weeks Ending November 4, 2012 vs. Year-Ago (in thousands of dollars)
Veterinary Channel Marketers and Trends
Patented Formulations
Clinically Proven
Illustration 4-1: GLC Direct’s New Actistatin Joint Supplement
Teva Bounces Back with New Parent and New Products
Illustration 4-2: Teva Animal Health Products Web Page
The French Contingent: Sogeval, Vétoquinol, Virbac
Illustration 4-3: Virbac’s Pet-Tabs Home Page
Channel Cross-Over and Expansion
Illustration 4-4: Tomlyn Pet Supplements and Soft Chews
Illustration 4-5: Nutramax’s New Line of Supplements for Walmart
Illustration 4-6: Nutri-Vet’s Best Pet Health Supplements for the Mass Market
Iams and Merrick Back Out of Pure-Play Supplement Waters, Nestlé Purina Forges Ahead
Illustration 4-7: Nestlé Purina’s FortiFlora Supplement Web Page
Illustration 4-8: Fruitables Canned Supplements for Dogs & Cats
Illustration 4-9: Nature’s Variety Raw Daily Boost Powder Supplements
Novus Ramping Up in Companion Animal Supplements
Illustration 4-10: Promotional Flyer for Novus’s Arenus Supplements
Illustration 4-11: Trade Ad for Novus’s Previda Probiotic Ingredient (Petfood Industry, December 2012)
Private-Label Supplement Range Expanding
Illustration 4-12: Selected PetSmart/GNC Specialty Supplements
Illustration 4-13: GNC Vitamins & Supplement for Dogs Center in PetSmart
Illustration 4-14: Banner Ad for GNC Pets Line on PetSmart.com
Figure 4-1: Level of Agreement with Statement: “I buy pet supplements under the same human supplement brand names I’m familiar with (such as GNC),” 2012 (percent)
Illustration 4-15: Petco’s Pet Supplement Web Page
Illustration 4-16: Petco’s Healthy Select Store-Brand Pet Supplements
Illustration 4-17: Petco Store-Brand Pet Supplements
Illustration 4-18: “Supplement” Results from Butler Schein’s Online Compendium
Table 4-4: Selected Marketers and Brands of Pet Supplements and Nutraceutical Treats, 2012
Chapter 5: Marketing and New Product Trends
Marketing Trends
Advertising and Promotion
Illustration 5-1: Trade Ad for GreenDog Naturals Pet Supplements (Pet Age, October 2011)
Clinically Proven
Illustration 5-2: Trade Ad for ProLabs’ Flex Rx (Pet Business, April 2012)
Nutramax Relies on Celebrities, Including The Lord
Illustration 5-3: Nutramax Videos on YouTube
Nutri-Vet Deploys Award-Winning Animated Videos
Illustration 5-4: Nutri-Vet Animated Videos on YouTube
Vétoquinol Introduces Rewards Program for Veterinarians
Educating Retailers
Table 5-1: Repeat, Impulse, Sale/Promoted, and Comparison-Shopping-Based Purchasing Rates for Pet Supplements vs. Other Types of Nonfood Pet Products, 2012 (percent)
Merchandising
Illustration 5-5: Retail Displays of Tomlyn Supplements and Treats
On the Web
Illustration 5-6: GNC Pet Supplements at GNC.com
Illustration 5-7: Website Banner Link to Online Shopping Options
New Product Trends
Activity Continues, Though at Somewhat Slower Pace
Focus on Felines
Illustration 5-8: Trade Ad for NaturVet’s Condition-Specific Soft Chews for Cats (Pet Business, January 2013)
Illustration 5-9: Mars/Nutro’s Feline Greenies Smartbites Treats Soft Chews, Gels, Pastes, and Other Non-Traditional Forms
Illustration 5-10: NoviPet’s Soft Chew Supplements for Dogs
Illustration 5-11: Trade Ad for Tomlyn’s Gel Supplements for Cats
Illustration 5-12: Synergy Laboratories’ Richard’s Organics 100% Natural Nutrient Pastes
Pet Food Add-Ins
Illustration 5-13: Bergan’s Prudence–Nature’s Wellness Supplement Powders
Illustration 5-14: Trade Ad for The Missing Link Supplement Powders (Pet Age, December, 2012)
Liquid Supplements
Illustration 5-15: Animal Business Concepts’ Cool Pet Hydration Formulas
Condition-Specific Supplements
Illustration 5-16: PetSmart/GNC Nutraceutical Dog Treats
Illustration 5-17: Oxbow Animal Health’s Natural Science
Small Animal Supplements
Joint Support
Illustration 5-18: Steadfast Joint Health Supplement from Arenus (Novus)
Illustration 5-19: Trade Ad for Grizzly Pet Products’ Joint Aid 4 Dogs (Pet Business, December 2012)
Skin & Coat Health
Illustration 5-20: Cardinal Lab’s Full Life Omega Antioxidant Treats
Illustration 5-21: In Clover’s Glow Skin & Coat Soft Chews for Dogs
Illustration 5-22: Vitakraft’s Sunseed Mineral Treats
Calming/Behavior-Control Products
Digestive Health, Immune Support, and Probiotics
Illustration 5-23: Trade Ad for Herbsmith’s Microflora Plus for Digestion for Dogs and Cats (Pet Business, February 2012)
Illustration 5-24: DogGestive Digestive Health Supplement for Dogs
Illustration 5-25: GeneFlora for Pets (and People) Probiotic Supplements
Illustration 5-26: Harrison's Bird Foods’ Avian Enzyme Oral Care/Breath Products
Illustration 5-27: Vetri-Science’s Perio-Support
Weight Loss/Maintenance
Illustration 5-28: Garmon Corp.’s Slim-N-Fit Weight Control Canine Supplement
Liver, Kidney, and Bladder Function
Illustration 5-29: Sogeval’s S-Adenoysl-225 Snap Tablets
Illustration 5-30: Trade Ad for Herbsmith’s Bladder Care Supplements (Pet Business, April 2012)
Senior-Specific
Illustration 5-31: Quaker Pet Group’s Silver Tails Collection of Senior Pet Products
Illustration 5-32: AvidLife Pets’ Nutritional and Lubricant Eye Drops
Multivitamins, Multitasking, and Multipet
Illustration 5-33: Harrisons’ Pet Products’ Sunshine Factor and Booster Supplements
Featured Ingredients Bee Pollen and Bee Propolis
Illustration 5-34: Trade Ad for Ferrera Farms Naturals Bee the Best Supplements (Pet Business, April 2012)
Elk Antler
Illustration 5-35: Trade Ad for Wapiti Laboratories’ Elk Velvet Antler Supplements (Pet Product News International 2013 Annual Buying Guide)
Flax
Green Tea
Illustration 5-36: Consumer Ad for Reishi with Green Tea Immunity Boost Canine Supplement (Animal Wellness,June/July 2012)
Green-Lipped Mussel
Illustration 5-37: Greenies JointCare Treats with Green-Lipped Mussel
Kelp
Mushrooms
Illustration 5-38: Mushroom Matrix’s Equine Matrix and Pet Matrix
Chapter 6: Consumer Trends
Overview of Supplemental Pet Nutrition Products
Table 6-1: Use of Supplemental Pet Nutrition Products by Type: Dog vs. Cat Owners, 2012 (percent)
Consumer Focus: Pet Supplements
Topline Usage Rates Among Dog and Cat Owners
Figure 6-1: Use of Pet Supplements: Dog vs. Cat Owners,2010 vs. 2012 (percent)
Topline Number of Product Purchasers
Over Two-Thirds Use OTC Products
Figure 6-2: Use of OTC Pet Supplements: Dog Owners vs. Cat Owners, 2012 (percent)
Figure 6-3: Use of Vet-Prescribed or Vet-Dispensed Pet Supplements: Dog vs. Cat Owners, 2012 (percent)
Over Half Buy at Pet Superstores
Table 6-2: Purchasing Patterns for Pet Supplements by Retail Channel, 2010 vs. 2012 (percent of U.S. dog or cat owners who use OTC pet supplements)
Petco and Hartz Tied as Top Brands by Usage Rates
Table 6-3: Purchasing Patterns for Pet Supplements by Brand, 2012 (percent of U.S. dog or cat owners who use pet supplements)
Consumer Traits of Pet Supplement Purchasers
Table 6-4a: Use of Pet Supplements by Consumer Trait: Dog Owners, 2012 (percent)
Table 6-4b: Use of Pet Supplements by Consumer Trait: Cat Owners, 2012 (percent)
Joint Health Divides Dog from Cat Segments
Table 6-5: Use of Pet Supplements and Nutraceutical Treats by Type: Dog vs. Cat Owners, 2012 (percent of U.S. dog or cat owners who use pet nutraceutical treats)
Consumer Focus: Nutraceutical Treats
Topline Usage Rates Among Dog and Cat Owners
Figure 6-4: Use of Pet Nutraceutical Treats: Dog vs. Cat Owners, 2012 (percent)
Topline Number of Product Purchasers
Purchasing Patterns: Pet Superstores vs. Walmart
Table 6-6: Purchasing Patterns for Nutraceutical Treats by Retail Channel, 2012 (percent of U.S. dog or cat owners who use OTC pet supplements)
Few Nutraceutical Treats Show up in Experian Simmons Data
Consumer Traits of Pet Nutraceutical Treat Purchasers
Table 6-7a: Use of Pet Nutraceutical Treats by Consumer Trait: Dog Owners, 2012 (percent)
Table 6-7b: Use of Pet Nutraceutical Treats by Consumer Trait: Cat Owners, 2012 (percent)
Historical Usage Rate Trends
Usage of Dog Products Recovers in 2011 and 2012
Figure 6-5: Purchasing Rates for Supplemental Pet Nutrition Products: Dog vs. Cat Owners, Summer 2012 (U.S. dog- or cat-owning households)
Table 6-8: Purchasing Rates for Supplemental Pet Nutrition
Products: Dog vs. Cat Owners, Spring 2005-Spring 2011 (U.S. dog- or cat-owning households)
Usage Rates for Cat Products Hit Bump in the Climb
Table 6-9: Household Income Level Snapshot: Dog vs. Cat Owners, 2012 (U.S. dog- or cat-owning households)
Product Purchaser Demographics
Multiple-Pet Factor Favors Dog Supplement/Nutraceutical
Treat Sales
Table 6-10: Purchasing Rates for Supplemental Pet Nutrition Products by Number of Pets: Dog vs. Cat Owners, 2012 (percent and index for U.S. dog- or cat-owning households)
Table 6-11a: Dog and Cat Ownership Trends by Number of Pets, 2008-2012 (percent of U.S. households)
Table 6-11b: Dog and Cat Ownership Trends by Number of Pets, 2008-2012 (number of U.S. households in thousands)
Demographic Patterns Are Anomalous
Table 6-12: Demographics for Purchasing of Supplemental Pet
Nutrition Products: Dog Owners, 2012 (percent, number of households, and index)
Table 6-13: Demographics for Purchasing of Supplemental Pet Nutrition Products: Cat Owners, 2012 (percent, number of households, and index)
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Feb 6, 2013
The Future of LTE: Infrastructure, Applications, and Subscribers 2013 – 2018
The deployment of LTE networks is
progressing with the industrialized nations in North America, Europe and
Asia already deploying operating LTE networks.
This report addresses key issues regarding LTE including operational support systems, architecture, and significant commercial features for consumers and enterprise users. This report provides the reader with critical vision into the future of LTE including the drive for lower priced capacity also driving lower margins for core services leading to the need for value-added services (VAS).
We evaluate these VAS applications supported by new advances in LTE with an emphasis on their market potential in terms of new revenue and enhanced profitability for the mobile network operators in the face of competition from over the top (OTT) players. We also provide vision into the future of LTE in terms of new business paradigms, business model evolution, devices and subscribers, opportunities and threats to the mobile network operators
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This report addresses key issues regarding LTE including operational support systems, architecture, and significant commercial features for consumers and enterprise users. This report provides the reader with critical vision into the future of LTE including the drive for lower priced capacity also driving lower margins for core services leading to the need for value-added services (VAS).
We evaluate these VAS applications supported by new advances in LTE with an emphasis on their market potential in terms of new revenue and enhanced profitability for the mobile network operators in the face of competition from over the top (OTT) players. We also provide vision into the future of LTE in terms of new business paradigms, business model evolution, devices and subscribers, opportunities and threats to the mobile network operators
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Table of Contents
1 Introduction
2 Fourth Generation (4G) Cellular via LTE
2.1 LTE Technology
2.2 FDD LTE
2.3 TDD LTE (TD-LTE)
2.4 LTE Advanced
2.5 LTE Infrastructure Elements and Architecture Overview
2.6 LTE E-UTRAN Infrastructure Elements and Network Architecture
2.6.1 LTE Remote Radio Heads
2.6.2 LTE Base Station
2.6.3 LTE Femtocells
2.6.4 LTE Antenna Schemes
2.6.5 LTE RAN Infrastructure and Frequency Reuse
2.7 LTE EPC Infrastructure Elements and Network Architecture
2.7.1 Serving and Packet Gateway
2.7.2 Mobility Management Entity
2.7.3 Policy and Charging Rules Function
2.7.4 IP Multimedia Subsystem
2.7.5 EPC and Core Network Equipment Reuse in LTE
2.8 LTE Backhaul Solutions
2.8.1 LTE Backhaul Requirements
2.8.2 Carrier Ethernet
2.8.3 Fiber Backhauls
2.8.4 Microwave Backhauls
2.8.5 Impact of Femtocells on Backhaul
3 Self-Organizing Networks (SON)
3.1 Introduction
3.2 Why SON for LTE?
3.2.1 IEEE 802.16
3.2.2 SON NGMN Standards
3.2.3 SON Categories and Use Cases
3.2.4 Distributed/Self-organizing (DSO)
3.2.5 Cooperative Relaying (CR) in SON
3.2.6 Feedback Overhead in SON
3.2.7 Codebook-Based Pre-coding in SON
3.2.8 SON Feedback Delay
3.3 SON Implementation
3.4 SON Implementation Staging
3.4.1 Self-Configuration
3.4.2 Self-Optimization
3.4.3 Self-Healing
3.4.4 Self-Healing Challenges
3.4.5 Installation Phases
4 LTE Applications
4.1 VoLTE
4.2 Video
4.3 RCS
4.4 Public Safety
4.5 LTE Direct
5 LTE Deployment Strategies
5.1 Strategy for 3G in an LTE World
5.2 Network Sharing
5.3 LTE Devices
5.4 LTE Architecture Strategies
5.4.1 Small Cells
5.4.2 LTE and IMS
6 Future of LTE
6.1 Devices and Subscribers
6.2 New Paradigms
6.3 New Business Models
6.4 New Applications
6.5 Dangers for the Carrier
6.6 Opportunities for the Carrier
6.7 New Market Entrant
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1 Introduction
2 Fourth Generation (4G) Cellular via LTE
2.1 LTE Technology
2.2 FDD LTE
2.3 TDD LTE (TD-LTE)
2.4 LTE Advanced
2.5 LTE Infrastructure Elements and Architecture Overview
2.6 LTE E-UTRAN Infrastructure Elements and Network Architecture
2.6.1 LTE Remote Radio Heads
2.6.2 LTE Base Station
2.6.3 LTE Femtocells
2.6.4 LTE Antenna Schemes
2.6.5 LTE RAN Infrastructure and Frequency Reuse
2.7 LTE EPC Infrastructure Elements and Network Architecture
2.7.1 Serving and Packet Gateway
2.7.2 Mobility Management Entity
2.7.3 Policy and Charging Rules Function
2.7.4 IP Multimedia Subsystem
2.7.5 EPC and Core Network Equipment Reuse in LTE
2.8 LTE Backhaul Solutions
2.8.1 LTE Backhaul Requirements
2.8.2 Carrier Ethernet
2.8.3 Fiber Backhauls
2.8.4 Microwave Backhauls
2.8.5 Impact of Femtocells on Backhaul
3 Self-Organizing Networks (SON)
3.1 Introduction
3.2 Why SON for LTE?
3.2.1 IEEE 802.16
3.2.2 SON NGMN Standards
3.2.3 SON Categories and Use Cases
3.2.4 Distributed/Self-organizing (DSO)
3.2.5 Cooperative Relaying (CR) in SON
3.2.6 Feedback Overhead in SON
3.2.7 Codebook-Based Pre-coding in SON
3.2.8 SON Feedback Delay
3.3 SON Implementation
3.4 SON Implementation Staging
3.4.1 Self-Configuration
3.4.2 Self-Optimization
3.4.3 Self-Healing
3.4.4 Self-Healing Challenges
3.4.5 Installation Phases
4 LTE Applications
4.1 VoLTE
4.2 Video
4.3 RCS
4.4 Public Safety
4.5 LTE Direct
5 LTE Deployment Strategies
5.1 Strategy for 3G in an LTE World
5.2 Network Sharing
5.3 LTE Devices
5.4 LTE Architecture Strategies
5.4.1 Small Cells
5.4.2 LTE and IMS
6 Future of LTE
6.1 Devices and Subscribers
6.2 New Paradigms
6.3 New Business Models
6.4 New Applications
6.5 Dangers for the Carrier
6.6 Opportunities for the Carrier
6.7 New Market Entrant
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Market Attractiveness and Future Prospects of the Saudi Arabian Takaful Insurance Industry
Saudi Arabia’s Takaful insurance industry is
the largest Takaful industry in the world. Robust economic growth,
increasing annual disposable income, favorable demographics,
introduction of compulsory insurances and government expenditure on
infrastructure present a significant business opportunity and positive
growth potential over the forecast period. Furthermore, increasing
awareness of Takaful insurance and the non-existence of conventional
insurance supported the growth of the industry in the country. The
outlook for the industry remains positive for the life, non-life, and
personal accident and health insurance segments. Premiums in all the
segments are expected to increase at respectable rates in line with
economic growth.
Scope
This report provides a comprehensive analysis of the Takaful insurance market in Saudi Arabia:
Scope
This report provides a comprehensive analysis of the Takaful insurance market in Saudi Arabia:
- It provides historical values for the Saudi Arabian Takaful insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
- It offers a detailed analysis of the key segments and sub-segments in the Saudi Arabian Takaful insurance market, along with market forecasts until 2016
- It covers an exhaustive list of parameters, including gross written premium, premium per capita, number of active policies, insurance penetration (percentage of GDP), paid claims, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, investments, total investment income and retentions.
- It outlines the key regulations affecting the overall Saudi Arabian Takaful insurance market
- Make strategic business decisions using in depth historic and forecast market data related to the Saudi Arabian Takaful insurance industry and each segment within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Saudi Arabian Takaful insurance market
- Identify the growth opportunities and market dynamics within key segments
- Gain insights into key regulations governing the Saudi Arabian Takaful insurance market and its impact on companies and the industry''s future
- Saudi Arabia’s Takaful insurance industry is the largest Takaful industry in the world.
- Strong economic fundamentals and favorable demographics support the growth of Takaful insurance in Saudi Arabia.
- The Takaful insurance industry in Saudi Arabia is regulated by the Saudi Arabian Monetary Agency (SAMA) through its Insurance Supervision Department.
- The health insurance and motor insurance categories are expected to remain the key growth drivers for the Takaful insurance industry.
- According to the Saudi Arabian Monetary Authority (SAMA), there are 33 Takaful insurance and reinsurance companies operating in Saudi Arabia, both domestic and international.
- Takaful insurance companies in Saudi Arabia focused on customer segments by offering customized products.
Challenges and Opportunities for the Wealth Sector in Turkey 2013
This report is a thorough analysis of the Turkish Wealth Management
and Private Banking sector and the opportunities and challenges that it
faces.
Scope
Reasons To Buy
Scope
- Independent market sizing of Turkish HNWIs across five wealth bands
- Number of wealth managers in each city
- City wise ratings of wealth management saturation and potential
- Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Turkey
- Size of the Turkish wealth management industry
- Detailed wealth management and family office information
- Insights into the drivers of HNWI wealth
Reasons To Buy
- The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the Database comprises profiles on major private banks, wealth managers and family offices in each country.
- The WealthInsight Intelligence Center Database also includes up to one hundred data-points on over 100,000 HNWIs from around the world.
- With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
- Report includes comprehensive forecasts to 2017.
- There were just over 94,000 HNWIs in Turkey in 2012. These HNWIs held US$500 billion in wealth, which equates to 43% of total individual wealth held in the country.
- Turkish HNWIs outperformed the worldwide HNWI average during the review period – worldwide HNWI volumes decreased by 0.3% whilst Turkish HNWI numbers rose by 7.4%.
- In 2012, Turkish HNWI numbers rose by 23.2%, following a drop of 6.1% in 2011.
- Turkey is seen as a core emerging European wealth management market, after a decade of political stability and economic progress under the AKP government elevated Turkey’s position in the eyes of international investors and wealth managers.
- Investors from the Gulf region, Russia and former Turkic Republics account for a major share of the potential investor base.
- As of 2012, there are 28 private banks active in Turkey.
- The largest domestic private banks are Garanti and Yapı Kredi.
