The global pet obesity management market value is poised to reach USD 1.8 Billion by 2026, and growing at a CAGR of 7.1% during the forecast period 2019 to 2026.
Obesity is recognised as the most important medical disease in pets across the globe. For weight management involve dietary energy restriction with a purpose-formulated diet. Rising need to pet obesity, as obesity increases the risk of other chronic conditions, such as osteoarthritis and diabetes, is expected to drive the growth of market. According to an Accelerating Progress in Obesity Prevention report, in 2017, around 56% dogs and 60% cats were overweight or obese in U.S. Furthermore, rising pet adoption and increasing per capita income levels, especially in developing countries, such as U.S. and U.K. are expected to propelling the growth of pet obesity market. Rising concerns among pet owners to manage excess weight of companion animals at the early stage is major factor for boosting the growth of market. High cost of low-calorie diets and deceptive marketing practices are major restrain for the growth of the market.
The market research study on “Pet Obesity Management Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global Pet obesity management market. The report also analyzes the key players operating in Pet obesity management market and identifies the key strategies deployed by them along with the market share of leading players.
The global Pet obesity management market is segmented as below:
Pet obesity management Market By Product Type
Pet obesity management Market By Animal Type
Pet obesity management Market By End User
Pet obesity management Market By Geography
The global pet obesity management market is segmented by product, animal type and end use.
On the basis of product, the market is segmented into drugs and food supplements. Food supplements is expected to hold major market share owing to increasing demand of healthy food for maintain health of veterinary animals.
Based on animal type, the market is segmented into dogs and cats. Dogs segment is expected to hold major market share owing to increasing adoption of dog as compared to other animals.
On the basis of end use, the market is segmented into pet specialty stores, e-commerce and others. E-commerce is expected to hold major market share owing to easy availability of pet food supplements on online portals.
Geographically, Pet obesity management market is segmented into North America, Europe, Asia Pacific, Latin America and The Middle East & Africa (LAMEA).
Geographically, pet obesity management market is segmented into North America, Europe, Asia Pacific, Latin America and The Middle East & Africa (LAMEA).
North America is expected to hold major market share for pet obesity management market. Increasing ownership of pet animals in this region is major factor for the growth of market. For instance, According to the American Pet Products Association, Inc. report published in 2017, around 60.2 million U.S. households had at least one dog. Almost, 25 to 30% of general canine population was suffering from obesity in the region is major reason for boosting the market of pet obesity management market.
Europe is expected to second leading region for pet obesity management market. In this region increasing obesity is more common in old age because of the lack of exercise is major factor for the growth of market. Furthermore, growing awareness of the role of companion animals in Health is major factor for the growth of market. Additionally, Different committee initiative for animal’s health is major factor for the growth of market. For instance, World Small Animal Veterinary Association (WSAVA) established a One Health committee focused on the spread of zoonotic diseases from dogs, cats and other pet animals to humans.
Asia Pacific is expected to fasted growing market for pet obesity management market. This growth is attributed to rising pet adoption in emerging economies like India, which is one of major factor for boosting the growth of market. Furthermore, government efforts to improve veterinary healthcare facilities and various funding schemes delivered by the national as well as state governments is support the growth of market. As per a report published in 2016 by Open Government Data Platform, the country had 11,367 veterinary hospitals/polyclinics.
LAMEA is expected to slow growth for pet obesity management market. High presence of patient suffering from glucocorticoids can lead to abnormal fat deposition and weight gain.
Some of the key players in the global Pet obesity management market include Some of the key players in the global pet obesity management market Weight Watchers, Jenny Craig, eDiets.com, VLCC Healthcare Ltd. (VLCC), Slimming World, The Gold’s Gym International (Gold’s Gym), Duke Diet & Fitness Center (Duke Diet), 24 hours Fitness, Equinox, Inc. (Equinox), Life Time Fitness Inc. (Life Time Fitness), Fitness First Group (Fitness First), and Town Sports International Holdings, Inc.