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Pet Obesity Management Market Size to Reach USD 16.2 Billion by 2032 growing at 6.3% CAGR - Exclusive Report by Acumen Research and Consulting

20 Nov 2024
ARC
Healthcare and Pharmaceuticals

The Pet Obesity Management Market, valued at USD 9.4 Billion in 2023, is anticipated to surpass USD 16.2 Billion by 2032, reflecting a projected CAGR of 6.3%

The global pet obesity management market has expanded significantly in recent years, owing to expanding pet ownership, increased awareness of pet health, and the rising prevalence of obesity-related health concerns in pets. As pets are increasingly regarded as family members, their health and well-being have become a top focus for pet owners. Obesity in pets, which can cause diabetes, joint ailments, and cardiovascular difficulties, has motivated owners to look for effective management methods. This market includes a variety of items and services targeted at helping pets maintain a healthy weight, such as specialized meals, weight management treats, nutritional supplements, and veterinary consultations.

Pet Obesity Management Market Statistics

Pet Obesity Management Market Statistics

  • In 2023, the global pet obesity management market reached a significant valuation of $9.4 billion, marking a key milestone
  • Projected to grow at a robust CAGR of 6.3% from 2024 to 2032, the market holds promising prospects for future expansion
  • North America dominated the pet obesity management market with an 40% share in 2023
  • The Asia-Pacific region is expected to grow at a strong 7.1% CAGR from 2024 to 2032, reflecting its commitment to malaria control efforts
  • Dogs led the animal type segment in 2023 within the pet obesity management market
  • E-commerce end user emerged as a key revenue segment in the pet obesity management market
  • Expansion of veterinary clinics offering specialized obesity management services fuels the pet obesity management market value

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Pet Obesity Management Market Dynamics

Growing Awareness of Pet Health and Wellness Fuels the Pet Obesity Management Market Value

The tendency of pet humanization has had a tremendous impact on the pet obesity control business. Pet owners are more aware of the health problems connected with obesity, which has resulted in increased efforts to keep their pets' weight stable. The growth of instructional materials, such as veterinary advice, pet health blogs, and social media content, has enabled owners to make more informed decisions about their pets' diets and exercise routines. This understanding has influenced customer behavior, leading in increased demand for pet-specific weight management products and services. As the public acknowledges the need of keeping pets at a healthy weight, the pet obesity management market for obesity control treatments is likely to grow.

Rising Prevalence of Obesity in Pets Drives the Pet Obesity Management Market

Statistics show a disturbing increase in pet obesity rates globally. According to recent research, around 60% of cats and dogs in the United States are overweight or obese. Overfeeding, inactivity, and easy access to high-calorie meals are all contributing reasons to this epidemic. Pet obesity causes serious health concerns such as osteoarthritis, respiratory troubles, and a shorter lifespan, thus there is a growing need among pet owners to employ appropriate weight control measures. The rise in pet obesity has spawned a thriving industry for items particularly designed to address the problem, including as low-calorie meals, weight loss treats, and nutritional supplements.

Growing Demand for Specialized Diets and Products Offers Significant Pet Obesity Management Market Opportunity

The growth in pet obesity has created a demand for specific meals designed for weight management. These diets frequently include reduced calorie counts, higher fiber content, and specialized nutrients that encourage satiety while ensuring cats obtain necessary vitamins and minerals. Furthermore, there is a growing trend toward natural and organic pet food options as owners seek healthier options for their pets. The market has responded by producing a variety of weight management items, such as wet and dry foods, treats, and snacks, that are specifically designed to help with weight loss and maintenance. Such products are frequently advertised with claims of raising lean body mass, increasing metabolism, and improving general health, which appeals to health-conscious pet owners.

Integration of Technology in Pet Care

Technological advancements have played a crucial role in shaping the pet obesity management market. Smart pet devices, such as automatic feeders, activity trackers, and health monitoring apps, are becoming increasingly popular among pet owners. These tools allow owners to monitor their pets' food intake and physical activity levels, providing valuable insights into their health. Furthermore, many veterinary clinics are incorporating telemedicine services, enabling pet owners to consult with professionals regarding weight management without the need for in-person visits. The integration of technology not only enhances pet care but also facilitates effective weight management strategies, leading to increased demand for tech-enabled solutions in the market.

Pet Obesity Management Market Segmentation

The global market for pet obesity management has been divided into 4 segments: product type, animal type, end user, and region.

  • Product Type: drugs, and food supplements
  • Animal Type: cats, dogs, and others
  • End User: E-commerce, pet specialty stores, and others
  • Region: Europe, North America, the Middle east and Africa, Latin America, and Asia-Pacific

Pet Obesity Management Market Regional Outlook

North America has the greatest market share in the pet obesity management sector, owing to a high level of pet ownership and a significant emphasis on pet health and wellness. The United States, in particular, has seen an increase in demand for specialist weight control solutions as pet owners become more aware of the health risks of obesity. Veterinary practices in this region are proactive in promoting weight management programs, which helps to drive market growth. The availability of a wide range of products, including prescription diets and over-the-counter weight management treats, meets the unique demands of pet owners looking for effective solutions.

Pet Obesity Management Market Players

Pet obesity management companies profiled in the report includes FARMINA PET FOODS, Dechra, ProBalance, NOW Foods, Virbac S.A., Rolf C. Hagen, Inc., Nestlé S.A., VioVet Ltd (Pinnacle Pet Group), Hill's Pet Nutrition, Inc., Mars Inc., and Drools Pet Food Pvt. Ltd.

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