The Pet Obesity Market is witnessing a growing demand for Veterinary Obesity Management solutions as the prevalence of overweight and obese pets continues to rise. Companion Animal Overweight Condition has become a significant concern among pet owners and veterinarians alike, with obesity linked to various health issues in pets, including diabetes, joint problems, and cardiovascular disease. Veterinary Obesity Management encompasses a range of interventions, including dietary changes, exercise regimens, and medical treatments tailored to each pet's specific needs. Pet owners are increasingly seeking guidance from veterinary professionals to address their pets' weight-related issues and improve their overall health and well-being. As awareness of pet obesity grows, there is a corresponding increase in the availability of specialized pet food formulations, weight management programs, and veterinary services aimed at tackling this pressing health concern within the Pet Obesity Market.
The Pet Obesity Market Size was valued at USD 0.92 billion in 2022 and is projected to grow from USD 0.99 billion in 2023 to USD 1.87 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.28% during the forecast period (2023 - 2032).
Segment Analysis:
Animal Type:
- Dogs, cats, horses, and others constitute the segments in the global pet obesity market based on animal type.
- The dog segment held the largest market share in 2022, driven by an expanding middle class and increasing pet population. Dogs are the most popular pets worldwide, with one in every three households owning one.
Product:
- The market is segmented into drugs and food supplements, with food supplements further divided into protein, carbohydrate and fat, fibre, and others.
- Food supplements dominated the market in 2022 and experienced the fastest growth during the forecast period. This growth is attributed to increasing awareness about pet supplements and the launch of innovative products by manufacturers.
Distribution Channel:
- Veterinary hospitals, pet specialty stores, e-commerce, and others are the distribution channels in the pet obesity market.
- Veterinary hospitals held the largest market share in 2022, while e-commerce is the fastest-growing segment during the forecast period. Veterinary hospitals play a crucial role in raising awareness about pet obesity and providing specialized services.
Regional Analysis:
- North America:
- Held the largest market share in 2022 due to factors such as increasing pet population and the presence of major players. Approximately 70% of households own a pet as of 2021 in North America.
- Europe:
- Shows significant growth during the forecast period, driven by increasing pet ownership and demand for pet services and products. There was a 46% growth in pet ownership in Europe by 2022.
- Asia-Pacific:
- Represents the highest annual growth rate during the forecast period, attributed to market expansion to fulfill consumer demand. The launch of pet food brands addressing specific health conditions, including weight management, contributes to market growth.
- Rest of the World:
- Comprising the Middle East, Africa, and Latin America, this region shows sluggish growth due to a lack of awareness of food supplements among pet parents. However, investments and market expansion efforts, such as new manufacturing facilities, are fueling growth in Africa.
Within the Pet Obesity Market, the focus on Animal Weight Control solutions is intensifying as pet obesity rates continue to escalate globally. Veterinary professionals play a crucial role in educating pet owners about the importance of maintaining a healthy weight for their pets and implementing effective weight management strategies. Through comprehensive Animal Weight Control programs, veterinarians assess pets' dietary habits, activity levels, and overall health status to develop personalized weight loss plans. These plans may include dietary modifications, portion control, increased physical activity, and, in some cases, prescription medications to aid in weight reduction. As pet owners become increasingly conscious of their pets' health and well-being, there is a growing demand for innovative weight management products and services within the Pet Obesity Market. Veterinary clinics and pet wellness centers are expanding their offerings to include specialized weight management consultations, nutritional counseling, and exercise programs to address the growing need for effective solutions in combating pet obesity and improving the quality of life for companion animals.
MRFR recognizes the following pet obesity companies as the key players in the global market— Pfizer Animal Health (US), Colgate-Palmolive Company (US), Royal Canin (France), Vivaldis (India), Pedigree (US), Park Vet Group (UK), Purina (US), Blue Buffalo Co., Ltd. (US), Eukanuba (Australia), Farmina (Italy), and others.
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