Analysis Report on Pet Obesity Management Market in 2024, Including Hill’s Pet Nutrition, Drools Pet Food, Farmina Pet Foods, NOW Foods, Dechra, Vivaldis Health & Foods, ProBalance, and Neogen
Global Pet Obesity Management Market Report Highlights
The global pet obesity management market is on the rise, with a projected value of USD 14.5 billion by 2030. The increasing prevalence of pet obesity worldwide is a key driver of this growth, with statistics showing that a significant percentage of cats and dogs are overweight or obese. As more households adopt pets, the number of animals has surged, leading to a higher demand for pet health products and services.
In the U.S. alone, there are approximately 85 million dogs, and globally, families own around half a billion dogs and cats. The market is further fueled by initiatives from industry players and government organizations to address pet obesity. For example, Pinnacle Pet Group acquired Crum & Forster Pet Insurance Group’s operations in the UK, while Nestle India acquired Purina Petcare’s business, integrating it into Nestle India.
Market expansion initiatives and new product launches are also contributing to the market’s growth. Mars Inc. invested significantly in its Telangana plant, Mars Petcare, to produce popular pet food brands like Pedigree and Whiskers. Additionally, Drools Pet Food Pvt. Ltd. launched initiatives to revolutionize pet health services and veterinary practices in India.
The therapeutic food segment dominates the market, driven by the increasing pet population, prevalence of pet obesity, and industry initiatives. The dogs segment is expected to grow rapidly, and the e-commerce distribution channel holds the largest market share. North America leads the global industry, with factors such as high obesity rates in pets and rising awareness among pet parents.
Overall, the global pet obesity management market is poised for significant growth, driven by the increasing pet ownership rates, aging pet population, and rising pet expenditure. With key players investing in innovative solutions and expanding their market presence, the future looks promising for the pet health industry.