Market Outlook:
Pet Obesity Management Market size exceeded USD 878.02 Million in 2023 and is estimated to cross USD 1965.6 Million by 2035, growing at over 9.76% CAGR during 2024 to 2035.
Base Year Value (2023)
USD 878.02 Million
CAGR (2024-2035)
9.76%
Forecast Year Value (2035)
USD 1965.6 Million
Historical Data Period
2019-2022
Largest Region
North America
Forecast Period
2024-2035
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Market Dynamics:
Growth Drivers & Opportunities
The pet obesity management market is expected to witness significant growth in the coming years due to the increasing prevalence of obesity in pets. According to the Association for Pet Obesity Prevention, about 60% of cats and 56% of dogs in the United States were classified as overweight or obese in 2018. This alarming statistic has led to a growing awareness among pet owners and veterinarians about the importance of managing pet obesity.
Furthermore, the rise in pet ownership, especially in urban areas, coupled with the increasing disposable income of pet owners, has led to a higher spending on pet healthcare. This trend is expected to drive the demand for pet obesity management products and services.
Industry Restraints & Challenges
Report Coverage | Details |
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Segments Covered | By Product, Application |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Royal Canin, Hills Pet Nutrition, Pedigree, Pfizer animal health, Vivaldis, KONG Company, Park Vet Group, Auxthera LLC, and Weight Watchers. |
Despite the growth drivers, the pet obesity management market faces some significant challenges. One of the key restraints is the lack of awareness about pet obesity and its associated health risks among pet owners. Many pet owners may not realize that their pet is overweight or obese, and may not understand the importance of managing their pet's weight.
Additionally, the lack of effective treatment options and products for pet obesity is a major challenge for the market. There is a need for innovative and effective solutions for pet weight management, which can be a barrier to market growth.
Regulatory constraints and strict guidelines for pet healthcare products and services also pose a challenge for market players. The need for compliance with regulations and approval from regulatory authorities can be a hindrance to market expansion.
Overall, while there are several growth drivers for the pet obesity management market, industry restraints and challenges need to be addressed to ensure sustainable growth.
Report Coverage & Deliverables
Historical Statistics
Growth Forecasts
Latest Trends & Innovations
Market Segmentation
Regional Opportunities
Competitive Landscape
Regional Forecast:
North America
North America is expected to dominate the pet obesity management market due to the high pet ownership rate and the increasing awareness about pet health and wellness. The region has a large number of pet healthcare service providers and product manufacturers, which contributes to the growth of the market.
The rise in demand for pet insurance and the availability of advanced veterinary care facilities in the region further support market growth. In addition, the presence of key players in the pet obesity management market, such as Mars Petcare, Hill's Pet Nutrition, and Nestle Purina, is expected to drive market expansion in North America.
Asia Pacific
The Asia Pacific region is expected to witness significant growth in the pet obesity management market due to the increasing pet adoption rate and changing pet care trends. With the rise in disposable income and urbanization in countries like China and India, pet ownership has increased, leading to a surge in demand for pet healthcare services and products, including obesity management.
Moreover, the growing awareness about pet health and wellness, coupled with the entry of international pet healthcare companies in the region, is expected to fuel market growth. However, the lack of regulatory framework and the presence of counterfeit products could pose challenges for market players in the Asia Pacific region.
Europe
Europe is expected to be a lucrative market for pet obesity management, owing to the high pet ownership rate and the increasing emphasis on pet health and well-being. The region has a well-established veterinary care infrastructure and a high level of pet insurance coverage, which supports market growth.
The growing trend of premium pet food and the availability of innovative pet healthcare products are expected to drive market expansion in Europe. However, stringent regulations and compliance standards for pet healthcare products and services could pose challenges for market players in the region.
In conclusion, the pet obesity management market is expected to witness significant growth globally, driven by increasing pet ownership and awareness about pet health. However, industry restraints and regional challenges need to be addressed to ensure sustained market growth and expansion.
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