Categories: Healthcare

Pet Obesity Management Market Key Drivers, Trends, Growth, Analysis, and Report to 2033

The pet obesity management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Pet Obesity Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

The pet obesity management market size has grown strongly in recent years. It will grow from $8.37 billion in 2023 to $8.90 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to the evolution of pet feeding habits, decreased physical activity, breed genetics, human-animal bond dynamics, and veterinary healthcare trends.

The pet obesity management market size is expected to see strong growth in the next few years. It will grow to $11.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to advancements in veterinary nutrition science, awareness campaigns, innovative weight management products, digital health tracking technologies, and tailored diet and exercise plans. Major trends in the forecast period include increased demand for personalized diet and exercise plans, growth of telemedicine for remote consultations, rise of wearable health tech for pets, expansion of weight management services in veterinary clinics, and integration of AI-driven nutrition guidance in pet care.

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Scope Of Pet Obesity Management Market

The Business Research Company’s reports encompass a wide range of information, including:

Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
Drivers: Examination of the key factors propelling market growth.
Trends: Identification of emerging trends and patterns shaping the market landscape.
Key Segments: Breakdown of the market into its primary segments and their respective performance.
Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
Macro Economic Factors: Assessment of broader economic elements impacting the market.

Pet Obesity Management Market Overview

Market Drivers –

The increasing adoption of pets is expected to propel the growth of the pet obesity management market going forward. Pet adoption refers to the responsibility and care taken by individuals or households in providing for the needs, well-being, and companionship of domesticated animals kept primarily for pleasure rather than utility. The rising adoption of pets is due to factors such as lifestyle changes, the humanization of pets, and higher disposable incomes. Pet obesity management plays a crucial role in pet adoption by ensuring the health and well-being of adopted animals, leading to longer, happier lives and reduced healthcare costs. For instance, in October 2023, according to the American Pet Products Association, a US-based non-profit association, there were 86.9 million US households that owned a pet, which is 66% of households in 2022. Additionally, in November 2022, according to Animal Medicines Australia, an Australia-based association representing animal health, 69% of households owned pets in Australia in 2022. Therefore, the increasing adoption of pets is driving the growth of the pet obesity management market.

Market Trends –

Major companies operating in the pet obesity management market are focused on developing advanced dietary solutions, such as dietary metabolic canned and dry foods, to address the growing concern of pet obesity. Dietary metabolic canned and dry foods refer to specialized pet food products that help pets manage their weight and address obesity issues through controlled calorie intake and nutritional balance. For instance, in January 2024, Hill’s Pet Nutrition Inc., a US-based company specializing in premium pet food products and veterinary care solutions, launched prescription diets such as prescription diet Z/D low-fat hydrolyzed soy canine, prescription diet C/D multicare low-fat canine, prescription diet gastrointestinal biome stress feline, and prescription diet C/D multicare stress feline. These formulations aim to prevent adverse food reactions, promote healthy skin in pets with sensitivities, and feature Hill’s ActivBiome+ ingredient technology, which is proven to swiftly support digestive health by activating the gut microbiome.

The pet obesity management market covered in this report is segmented –

1) By Product: Drugs, Food Supplements

2) By Animal Type: Dogs, Cats, Other Animal Types

3) By Distribution Channel: Pet Specialty Stores, E-Commerce, Other Distribution Channels

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Regional Insights –

North America was the largest region in the pet obesity management market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet obesity management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –

Major companies operating in the pet obesity management market are <b>Pfizer Inc., Mars Inc., Zoetis Inc., Purina PetCare, Royal Canin SAS, Hill’s Pet Nutrition Inc, Drools Pet Food Pvt Ltd, Virbac S.A., Blue Buffalo Pet Products Inc, Dechra Pharmaceuticals plc, Neogen Corp, NOW Foods, Merrick Pet Care Inc, Natural Balance Pet Foods Inc, Canidae Inc, Nutro Inc, FARMINA PET FOODS, VioVet Ltd., Rolf C. Hagen Inc, Delicate Care Ltd., Orijen Pet Foods, ACANA HUNGARY LTD</b>

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