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The pet obesity management market has experienced significant growth in recent years and is poised for continued expansion. This blog delves into the current market trends, key drivers, and future outlook of this vital segment of the pet care industry.

Market Growth Overview

• Current Market Size and Growth Rate
  • 2023: $8.37 billion
  • 2024: $8.90 billion (CAGR of 6.3%)
  • 2028: Expected to reach $11.41 billion (CAGR of 6.4%)
• Historic Growth Factors
  • Evolution of pet feeding habits
  • Decreased physical activity among pets
  • Genetic factors and breed predispositions
  • Strong human-animal bond dynamics
  • Advancements in veterinary healthcare

Read More On The Pet Obesity Management Market Report 2024 – https://www.thebusinessresearchcompany.com/report/pet-obesity-management-global-market-report 

Future Growth Drivers

• Advancements in Veterinary Science
  • Innovations in veterinary nutrition
  • Improved weight management products
  • Development of digital health tracking technologies
• Increasing Awareness and Personalized Solutions
  • Rising demand for customized diet and exercise plans
  • Growth of telemedicine for remote consultations
  • Expansion of wearable health tech for pets
  • Enhanced AI-driven nutrition guidance

Impact of Rising Pet Adoptions

• Pet Adoption Trends
  • Significant rise in pet ownership due to lifestyle changes and increased disposable incomes
  • Enhanced focus on pet health and obesity management in adopted pets
• Statistics and Market Implications
  • 9 million households in the US owned a pet in 2023 (66% of households)
  • 69% of households in Australia had pets in 2022
• Role of Obesity Management
  • Ensures long-term health and reduces healthcare costs for pets
  • Essential for maintaining the well-being of newly adopted pets

Key Players and Innovations

• Leading Companies
  • Pfizer Inc.
  • Mars Inc.
  • Zoetis Inc.
  • Purina PetCare
  • Hill’s Pet Nutrition Inc.
  • Royal Canin SAS
  • Others including Drools Pet Food, Virbac S.A., and Blue Buffalo
• Innovative Products
  • Metabolic Diets: Dietary metabolic canned and dry foods designed to manage pet weight
  • Recent Launches: Hill’s Pet Nutrition’s new prescription diets focusing on weight management and digestive health
• Strategic Acquisitions
  • Better Choice Company Inc.: Acquisition of Aimia Pet Healthco Inc. to expand weight loss supplement offerings and address the pet obesity crisis

Market Segmentation

• By Product
  • Drugs
  • Food Supplements
• By Animal Type
  • Dogs
  • Cats
  • Other Animal Types
• By Distribution Channel
  • Pet Specialty Stores
  • E-Commerce
  • Other Distribution Channels

Regional Insights

• Current Market Leaders
  • North America: Largest market in 2023
• Emerging Markets
  • Asia Pacific: Expected to be the fastest-growing region in the forecast period due to increasing pet ownership and awareness

Conclusion

The pet obesity management market is set for substantial growth driven by technological advancements, increased awareness, and the rising trend of pet adoption. With a focus on innovative dietary solutions and strategic market expansions, key players are well-positioned to address the growing needs of pet owners and enhance the health and well-being of pets worldwide.

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