Global pet obesity management market was worth USD 626.99 millions in 2018. It is projected to grow at 6.8% CAGR over the forecast period. The market is likely to grow due to rising demand to reduce pet obesity. Obesity can also increase the risk of developing other chronic diseases like osteoarthritis or diabetes. An APOP report shows that in 2017, 56% and 60% of American cats and dogs were obese or overweight.
This market is expected to grow due to increased pet adoption and higher per capita income, particularly in developing countries. The market growth will be accelerated by rising cases of obesity in pets.
In 2016, the average cost of arthritis treatment, which is often aggravated by excess weight, was USD 310.0. This market is driven by rising concern among pet owners about managing excess weight in companion animals. The market will continue to grow due to the increasing number of companion owners.
American Veterinary Medical Association, (AVMA), states that pet ownership is increasing in the United States. The market's largest segment is the dogs animal type. It is higher in rural areas than it is in cities. According to a 2017 APPA survey, 85 million households had pets in the U.S. In 2017, the U.S. pet market expenditure was USD 69.5 million.
Due to the absence of branded pet medicines, the food supplements market accounted for the largest share of the 2018 market. As pet owners increasingly rely on food supplements and exercise for weight management, this segment will grow. The segment's growth is expected to be further fueled by a growing demand for nutritious, healthy and organic food products. Consumers are increasingly spending on high-quality pet food because of their changing lifestyles.
The rise in pet obesity and subsequent increase in osteoarthritis cases is driving up the demand for food supplements to help manage weight. Kingsbrook Vets reported that osteoarthritis was the leading cause of death in American dogs. This is despite their age. Contrary to popular belief, policies imposed by Drug Price Control (DPCO), units stop veterinary pharmaceutical companies generating an investmentable surplus.
This creates barriers to entry for new businesses, which in turn hinders market growth. The segment will continue to grow because of the high demand for weight management programs that include proper exercise and healthy meals. As in some cases, medications may also be prescribed to help with obesity if it is not managed by exercise and food alone, the segment's CAGR is expected to grow at the highest rate between 2019 and 2026. Off-label use of some medicines includes Orlistat by Glaxo Smith cline, Saxenda By Novo Nordisk and Belviq from Arena Pharmaceuticals.
Due to higher animal healthcare spending in developed regions, the market share for dogs was the largest in 2018. According to APPA companion animal spending has been steadily on the rise, and was valued at USD 72.56 million in 2017. Due to the preference for cats over dogs, the fastest growth is expected to be in the cats segment. AAPA reports show that around 47.1 households owned cats in 2017, and 59% of cats in the U.S. were overweight.
The market segment is expected to dominate the market in the coming years, owing to the easy availability of pet food supplements via online portals. These portals also offer discounted prices. Ecommerce platforms will be more popular due to rising smartphone penetration and the internet's accessibility to remote areas in developing countries like India and China.
Amazon, BuyWow and 1mg are some of the most popular websites that offer pet food supplements and medications. The other segment includes hospitals, veterinary clinics, and veterinary clinics. Due to an increase in pet clinic visits, it is projected to experience the highest growth rate between 2019 and 2026. This segment will be further impacted by the wide variety of services and treatments available in these facilities.
In 2018, North America occupied the largest market share. Nearly 25-30% of the general canine population were suffering from obesity in this region. The market will continue to grow due to rising pet ownership. A 2017 AAPA report found that 60.2 million households in the United States had at least one dog.
Market growth is further expected to be facilitated by favorable insurance policies. A rising number of pet owners being concerned about the risks associated with obesity is driving demand for weight management programs that are efficient. This is expected to also boost the market. AAPA reported that the US pet industry spent USD 69.4 Billion in 2017.
Asia Pacific will be the fastest growing region market during the forecast period. This is due to the increasing adoption of pets in emerging countries like India. India is one the most lucrative markets because of government efforts to improve veterinary care facilities and funding schemes offered by both the state and national governments. As per a report published in 2016 by Open Government Data Platform (Government of India), the country had 11,367 veterinary hospitals/polyclinics.
This industry is competitive and has many small- and big-scale businesses. Pedigree, Hills Pet Nutrition, Inc., and Royal Canin are some of the most prominent players in the global market. To capture more market share, these companies concentrate on product development and expanding their distribution channels.
They want to maintain strong competition by satisfying unmet needs through the delivery of economic products. They also constantly seek to increase their profits by merging and buying other companies, expanding geographically, etc. Royal Canin, for instance, teamed up with Celebrity Alison Sweeny in May 2018 to tackle pet obesity.
This report predicts revenue growth and volume growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2015 to 2026. Grand View Research has divided the global pet obesity management report by product, animal type and end use.
Product Outlook (Revenue USD Million, 2015-2026)
Drugs
Food Supplements
The Animal Type Outlook (Revenue USD Million, 2015-2026)
Dogs
Cats
End Use Outlook (Revenue USD Million, 2015-2026)
Pet Specialty Stores
E-commerce
Other
Regional Outlook (Revenue USD Million, 2015-2026)
North America
The U.S.
Canada
Europe
The U.K.
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
South Africa
Saudi Arabia
b. Global pet obesity management market was valued at USD 658.14 Million in 2019, and is forecast to grow to USD 693.92 millions in 2020.
What is the growth rate of the pet obesity market?b. Global pet obesity management market is expected grow at 6.8% compound annual growth rate from 2019 to 2026, reaching USD 1,045.76 millions by 2026.
Which market segment had the largest share in pet obesity management?b. With a 31.87% share in 2019, North America was the dominant market for pet obesity management. This can be attributed to increasing pet ownership and favorable insurance policies.
What are the major players in pet obesity management?b. Pfizer animal Health, Novo Nordisk A/S and Royal Canin are some of the key players in the pet obesity management industry.
What are the main factors that drive the pet obesity market?b. b.
Up Market Research published a new report titled “Pet Obesity Management Market research report which is segmented by Product (Drugs, Food Supplements), by Animal Type (Cats, Dogs), by End Use (E-commerce, Pet Specialty Stores), By Players/Companies Royal Canin; Hills Pet Nutrition, Inc; and Pedigree These companies focus on new product development and expansion of their distribution channels to capture a larger market share”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Pet Obesity Management Market Research Report |
By Product | Drugs, Food Supplements |
By Animal Type | Cats, Dogs |
By End Use | E-commerce, Pet Specialty Stores |
By Companies | Royal Canin; Hills Pet Nutrition, Inc; and Pedigree These companies focus on new product development and expansion of their distribution channels to capture a larger market share |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 211 |
Number of Tables & Figures | 148 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Drugs, Food Supplements), by Animal Type (Cats, Dogs), by End Use (E-commerce, Pet Specialty Stores).
Pet Obesity Management Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Pet Obesity Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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