Global Pet Obesity Management Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Pet Obesity Management Market” is an upcoming report offered by Market.biz. Vital factors have been gathered, studied, assessed and analyzed comprehensively. Both primary and secondary research efforts have been sought and pursued to understand the various components of the pet obesity market. Besides revenues for segments, global, regional, and country-wise market revenue segmentation has been completed in an organized manner for a clear understanding. Key trends, revenue growth driving factors, restraints, opportunities are included. The company profiles of key players comprise detailed information, recent developments, strategies, and acquisitions & mergers, etc. The global pet obesity Management market is segmented on the basis of product type, animal type, end-use as well as respective regions/countries.
Global Pet Obesity Management Market: Overview
Pet Obesity management covers weight management plans that include weight loss and weight maintenance curricula for pets.
Global Pet Obesity Management Market: Dynamic
Increasing prevalence of pet obesity is leading to the growing adoption of pet obesity management measures. Since obesity also increases the possibility of occurring chronic conditions (osteoarthritis, diabetes, etc.), the demand for pet managing plans has increased in recent years. The rising ownership of pets and per capita incomes among individuals, especially in developing regions, are factors that are expected to further boost this market’s growth. Rising cases of pet obesity-related diseases are also expected to boost the demand for pet obesity management, thereby, augmenting the market growth. Furthermore, an increasing number of pet owners are aware and concerned about managing the weight of their pets, especially during the initial stages as excessive weight can lead to several health-related conditions. And, if it is left untreated, can result in exceedingly expensive medical bills. Such concerns are driving owners to adopt effective weight management plans for their pets.
Global Pet Obesity Management Market: Segmentation Analysis
By Product Type: The food supplements segment is expected to account for the highest revenue share of the market over the next ten years. Currently, there are shortages of drug availability that is leading to an increasing dependence on pet food supplements. This segment is expected to expand further, owing to a growing demand for healthy, nutritious and organic products from pet owners. As opposed to having to spend substantial amounts on expensive medical bills to ensure the future health of your pet. The rapid transformation in lifestyles has led to an increase in the amounts spent on quality food products by consumers, this is also another factor that is expected to drive growth in the coming years.
By Animal Type: The ‘Dogs’ animal type segment is expected to account for the majority revenue share over the next 10 years owing to increasing ownership of dogs. Research shows that dogs are preferred over cats as they appear better for companionship purposes. However, the cat segment is also expected to register the fastest Compounded Annual Growth Rate (CAGR) over the next 10 years.
By End-use: Among the end-use segments, the e-commerce segment is projected to dominate the market owing to increasing online shopping and improved marketing strategies by companies. The availability of a variety of food supplements for pets and discounted prices when purchasing through online channels are some of the major factors that are contributing to segment growth. In addition, increasing internet penetration in remote areas of developing regions and an expanding consumer base of smartphones are factors driving further growth of this segment.
Global Pet Obesity Management Market Regional Analysis:
The market in North America is expected to account for the highest market share over the next ten years. Obesity has affected one-fourth of the canine population in the region and this has consequently led to increasing adoption of pet obesity management schemes and plans. Insurance companies are introducing policies to support this increasing demand for appropriate weight management of their pets. Pet ownership in the US is growing, and as per the American Veterinary Medical Association (AVMA), an average US household is adopting more pet dogs than other animals. The pet expenditure industry in the US is expected to generate more revenue in the years to come.
The Asia Pacific market is projected to register a high CAGR over the forecast period. The market in India is a major revenue contributor to the regional market owing to the increasing adoption of pets in the country. Several government efforts have been made for the development of veterinary healthcare infrastructure. The national, as well as state governments in the country, have issued instructions to increase the number of veterinary hospitals and clinics.
Global Pet Obesity Management Market Segmentation:
By Product Type
- Food Supplements
By Animal Type
- Pet Specialty Stores
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- AuxThera LLC.
- Blue Buffalo Co. Ltd.
- Fromm Family Foods LLC.
- Hill's Pet Nutrition Inc.
- Pet-AG Inc
- Nestlé Purina
- Pfizer Inc.
- ROYAL CANIN SAS
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