September 19, 2023 02:34 a.m. | 4 minutes of reading
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The Global Pet Obesity Management Market
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had a valuation of $1.28 billion in 2022 and is expected to reach $2.09 billion by 2032, with an expected annual revenue growth rate of 5.6% throughout the forecast period. This growth is primarily attributed to several key factors, including the increasing prevalence of pet obesity, increasing awareness of pet health and wellness, and increasing demand for pet foods and supplements. pets.
Pet obesity is a significant health problem in animals because it can lead to various health complications such as diabetes, heart disease, and joint problems. In 2020, the Association for Pet Obesity Prevention (APOP) reported that approximately 60% of cats and 56% of dogs in the United States were classified as overweight or obese. This increasing incidence of pet obesity has increased the emphasis on pet health and welfare, prompting pet owners to actively seek solutions to manage their pets’ weight and improve their health. overall.
Companies in the pet obesity management industry offer a diverse range of products and services designed to help pet owners address their pets’ weight concerns. These offerings include specialty pet foods, weight management supplements, and veterinary services. Pet food manufacturers formulate specialized diets and recipes characterized by reduced calories and fat while featuring increased levels of fiber and protein, helping pets on their weight loss journey . Additionally, pet supplements such as vitamins, minerals, and omega-3 fatty acids have grown in popularity as pet owners increasingly favor natural, holistic approaches to addressing weight issues. of their animals.
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Some highlights of the report
- The dog segment is expected to generate the most revenue during the forecast period. This is due to the increasing adoption rate of dogs as pets and the increasing frequency of obesity in dogs. According to the Association for Pet Obesity Prevention, approximately 60 percent of dogs in the United States are overweight or obese, posing a serious problem for both pet owners and veterinarians. Additionally, growing awareness of the health risks associated with pet obesity, along with the availability of different products and services to treat dog obesity, are likely to fuel revenue growth in this domain.
- The weight loss diet segment is expected to account for the majority of revenues during the projected period. This may be linked to an increase in pet owners’ reliance on weight loss diets as a key method of treating obesity in pets. These diets aim to help dogs lose weight while providing them with the nutrition they need to be healthy. Additionally, the availability of a diverse selection of weight loss diets for different pet types and health conditions is likely to fuel the revenue growth of this segment throughout the forecast period.
- The North American market is poised to obtain the largest revenue share during the forecast period. This achievement can be attributed to the increasing prevalence of pet obesity in this region, which serves as an important catalyst for market revenue growth. According to data from the Association for Pet Obesity Prevention, approximately 60% of cats and 56% of dogs in the United States are currently classified as overweight or obese. These alarming statistics have led to an increase in demand for products and services dedicated to pet obesity management, thereby boosting market revenue growth. Furthermore, the increasing rate of pet ownership and growing awareness of the health risks associated with pet obesity are also contributing to the growth of market revenue in this region.
Market Top Companies and Competitive Landscape:
The major companies in the global pet obesity management market are fragmented, with several large and mid-sized players accounting for the majority of the market revenue. Some of the leading companies operating in the pet obesity management market include:
- Hill’s Pet Nutrition
- Nestlé Purina PetCare
- Royal Canin
- Mars, Inc.
- Blue Buffalo Co., Ltd.
- Nutro Products Inc.
- Wellness food for pets
- Merrick Pet Care
- Pet Food Champion
- The J.M. Smucker Company
Segments covered in the report:
Pet Type Outlook (Revenue, USD Billion; 2019-2032)
Product Type Outlook (Revenue, USD Billion; 2019-2032)
- Weight loss diets
- Supplements
- Drugs
Regional outlook (revenue, billion USD; 2019-2032)
- North America
- Europe
- Germany
- UNITED KINGDOM
- France
- Italy
- Spain
- Sweden
- BENELUX
- The rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
- Israel
- Rest of MEA
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COMTEX_440495238/2582/2023-09-19T02:15:43
“The best report Benzinga has ever produced”
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