Overview and Scope
The pet obesity management market consists of revenues earned by entities by providing services such as dietary planning, exercise programs, veterinary consultations, and weight monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The pet obesity management market also includes sales of weight control pet food, exercise equipment, and monitoring devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and Forecast
The pet obesity management market size has grown strongly in recent years. It will grow from $8.37 billion in 2023 to $8.90 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to the evolution of pet feeding habits, decreased physical activity, breed genetics, human-animal bond dynamics, and veterinary healthcare trends.
The pet obesity management market size is expected to see strong growth in the next few years. It will grow to $11.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to advancements in veterinary nutrition science, awareness campaigns, innovative weight management products, digital health tracking technologies, and tailored diet and exercise plans. Major trends in the forecast period include increased demand for personalized diet and exercise plans, growth of telemedicine for remote consultations, rise of wearable health tech for pets, expansion of weight management services in veterinary clinics, and integration of AI-driven nutrition guidance in pet care.
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Segmentation & Regional Insights
The pet obesity management market covered in this report is segmented –
1) By Product: Drugs, Food Supplements
2) By Animal Type: Dogs, Cats, Other Animal Types
3) By Distribution Channel: Pet Specialty Stores, E-Commerce, Other Distribution Channels
North America was the largest region in the pet obesity management market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet obesity management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing adoption of pets is expected to propel the growth of the pet obesity management market going forward. Pet adoption refers to the responsibility and care taken by individuals or households in providing for the needs, well-being, and companionship of domesticated animals kept primarily for pleasure rather than utility. The rising adoption of pets is due to factors such as lifestyle changes, the humanization of pets, and higher disposable incomes. Pet obesity management plays a crucial role in pet adoption by ensuring the health and well-being of adopted animals, leading to longer, happier lives and reduced healthcare costs. For instance, in October 2023, according to the American Pet Products Association, a US-based non-profit association, there were 86.9 million US households that owned a pet, which is 66% of households in 2022. Additionally, in November 2022, according to Animal Medicines Australia, an Australia-based association representing animal health, 69% of households owned pets in Australia in 2022. Therefore, the increasing adoption of pets is driving the growth of the pet obesity management market.
Key Industry Players
Major companies operating in the pet obesity management market are Pfizer Inc., Mars Inc., Zoetis Inc., Purina PetCare, Royal Canin SAS, Hill’s Pet Nutrition Inc, Drools Pet Food Pvt Ltd, Virbac S.A., Blue Buffalo Pet Products Inc, Dechra Pharmaceuticals plc, Neogen Corp, NOW Foods, Merrick Pet Care Inc, Natural Balance Pet Foods Inc, Canidae Inc, Nutro Inc, FARMINA PET FOODS, VioVet Ltd., Rolf C. Hagen Inc, Delicate Care Ltd., Orijen Pet Foods, ACANA HUNGARY LTD
The pet obesity management market report table of contents includes:
- Executive Summary
- Pet Obesity Management Market Characteristics
- Pet Obesity Management Market Trends And Strategies
- Pet Obesity Management Market – Macro Economic Scenario
- Global Pet Obesity Management Market Size and Growth
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- Global Pet Obesity Management Market Competitive Dashboard
- Key Mergers And Acquisitions In The Pet Obesity Management Market
- Pet Obesity Management Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Pet Obesity Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Pet Obesity Management Market, Segmentation By Animal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Pet Obesity Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Pfizer Inc. Financial Performance
Table 75: Mars Inc. Financial Performance
Table 76: Zoetis Inc. Financial Performance
Table 77: Purina PetCare Financial Performance
Table 78: Royal Canin SAS Financial Performance
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