Global Pet Obesity Management Market Size By Product (Food Supplements and Drugs), By Application (E-commerce, Pet Specialty Stores), By Geographic Scope And Forecast
Published on: 2024-08-06 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Pet Obesity Management Market Size By Product (Food Supplements and Drugs), By Application (E-commerce, Pet Specialty Stores), By Geographic Scope And Forecast
Pet Obesity Management Market Size And Forecast
Pet Obesity Management Market size was valued at USD 903.18 Million in 2024 and is projected to reach USD 1529.69 Billion by 2031, growing at a CAGR of 7.51% during the forecast period 2024-2031.
The pet obesity management market is expected to grow as a result of greater overweight awareness and need, as well as rising pet adoption rates. Furthermore, the growing frequency of diseases linked with pet obesity and osteoarthritis is expected to present significant potential opportunities in the market throughout the projected period. The Global Pet Obesity Management Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Pet Obesity Definition
In the present scenario, obesity is recognized as the most important medical disease in pets across the globe. Obesity in pets is considered as a serious welfare issue as it can cause suffering and can be extremely disabling. It is also likely to affect the ability of pets to perform natural behaviors (e.g. exercise normally). Pet obesity can also cause serious health issues, and make existing problems worse that in turn can reduce the length and quality of the pet’s life. Pet obesity management covers weight management plans that include weight maintenance curricula and weight loss for pets. During the weight loss phase, energy intake from food by the pets must be less than the energy expended each day. Weight management in pets is done through a formulated diet or with drugs or a combination of both.
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Global Pet Obesity Management Market Overview
Obesity can be defined as an accumulation of excessive amounts of adipose tissue in the body and is known to be the most common nutritional disorder in companion animals worldwide. It is usually the result of either excessive intake of dietary or insufficient energy utilization, which causes a state of positive energy balance. Obesity is a growing health problem not only in humans but also in companion animals such as cats and dogs. As the number of obese pets continues to rise, the diseases commonly associated with excess weight, are on the rise as well. Thus, an increase in the incidence of diseases related to pet obesity is one of the major factors that is anticipated to drive the growth of the market.
Global Pet Obesity Management MarketSegmentation Analysis
The Global Pet Obesity Management Market is segmented on the basis of Product, Application, and Geography.
Pet Obesity Management Market, By Product
- Food Supplements
- Drugs
Based on Product, the market is bifurcated into Food Supplements and Drugs. Food Supplements accounted for the largest market share in 2021 and are projected to grow at a CAGR of 7.64% during the forecast period. A dog’s metabolism slows down with age and it leads a dog to be overweight. Also, pets can gain extra weight due to extra feeding. A balanced and nutrient-packed diet is very essential for an active and healthy lifestyle for pets. Therefore, food plays a crucial role in pet obesity management.
Pet Obesity Management Market, By Application
- E-commerce
- Pet Specialty Stores
- Others
Based on Application, the global pet obesity management market has been segmented into E-commerce, Pet Specialty Stores, and Others. The E-commerce held the biggest market share in 2021 and is expected to increase at the fastest CAGR throughout the forecast period. The Pet Specialty Stores segment was the second-largest market in 2021 and it is projected to grow at a CAGR of 5.72% during the forecast period.
Pet Obesity Management Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of regional analysis, the global pet obesity management Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounted for the largest market share and Europe was the second largest in 2021. According to the National Pet Owners Survey conducted by the American Pet Products Association (APPA) around 67% of U.S. households own a pet. Asia Pacific is expected to be the fastest-growing regional market throughout the forecast period. This rise is attributed to increased pet adoption in emerging economies such as India, which has become one of the most profitable markets as a result of government initiatives to expand veterinary healthcare facilities and various funding programmes provided by both the national and state governments.
Key Players
The “Global Pet Obesity Management Market” study report will provide valuable insight with an emphasis on the global market including some of the major players in the market are Royal Canin, Hills Pet Nutrition, Inc., Pedigree, Pfizer animal health, Vivaldis, KONG Company, Park Vet Group, Auxthera LLC, and Weight Watchers.
Key Developments
- In May 2022, The PEDIGREE brand, which is owned by Mars, Inc., developed the Essential Support Dogs campaign to raise awareness of the importance of service dogs as human support. The initiative includes an assistance fund for dogs across the United States, as well as consumer discounts on PEDIGREE dry dog food items.
- In May 2022 The Veterinary Nursing Awareness campaign was established by Park Vet Group to promote awareness about the necessity of veterinary nursing and pet nutrition balancing.
- In January 2022, Alton Brown has joined Hill’s Pet Nutrition in their campaign to eliminate pet obesity. To support this effort, the firm shared new study findings, as well as free education, tools, and resources for pet owners.
- In December 2019, Vivaldis Animal Health, a renowned Indian pet health firm, partnered with Rx Vitamins for Pets, an innovative nutraceutical company located in the United States, to provide veterinarians with revolutionary formulations targeted to improve patient outcomes.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global pet obesity management market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global pet obesity management market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Royal Canin, Hills Pet Nutrition, Inc., Pedigree, Pfizer animal health, Vivaldis, KONG Company, Park Vet Group, Auxthera LLC, and Weight Watchers |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value