Global Pet Obesity Management Market to Reach USD 2.09 Billion by 2032 with a CAGR of 5.6%

The global Pet Obesity Management Market was valued at USD 1.28 billion in 2022 and is expected to reach USD 2.09 billion by 2032, with a compound annual growth rate (CAGR) of 5.6% during the forecast period. The increasing prevalence of pet obesity, rising awareness about pet health and wellness, and growing demand for pet food and supplements are the primary drivers of market revenue growth.

Pet obesity is a significant concern as it can lead to various health issues such as diabetes, heart disease, and joint pain. In 2020, approximately 60% of cats and 56% of dogs in the United States were overweight or obese, leading to a focus on pet health and wellness and an increased demand for solutions to manage pet weight and improve overall health.

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Some of the major companies in the Pet Obesity Management Market:

• Hill's Pet Nutrition
• Nestlé Purina PetCare
• Royal Canin
• Mars, Inc.
• Blue Buffalo Co., Ltd.
• Nutro Products Inc.
• Wellness Pet Food
• Merrick Pet Care
• Champion Petfoods
• The J.M. Smucker Company

Companies in the pet obesity management market offer specialized pet foods, weight management supplements, and veterinary services to help pet owners manage their pets' weight. Pet food manufacturers are developing low-calorie, low-fat diets with high fiber and protein content to assist pets in losing weight, while pet supplements such as vitamins, minerals, and omega-3 fatty acids are becoming increasingly popular as people seek natural and holistic approaches.

Veterinary clinics are offering weight management programs that include nutritional counseling, exercise plans, and medical interventions to help pets achieve and maintain a healthy weight. The growing awareness of pet obesity and its health consequences is driving the demand for these services, and rising demand for pet insurance policies that cover obesity management services is providing pet owners with financial support to manage their pets' weight and prevent future health problems. However, high costs of specialized pet food and supplements, limited availability of veterinary services in certain regions, and a lack of awareness about the importance of pet obesity management are some factors limiting market revenue growth.

On the basis of pet type, dogs are expected to account for the largest revenue share due to their high adoption rate and increasing prevalence of obesity among them. Cats are expected to have a steady revenue growth rate due to increasing adoption rates and growing prevalence of obesity among them. The others segment, which includes pets like birds, rabbits, and guinea pigs, is also expected to have a fast revenue growth rate due to increasing adoption and growing obesity prevalence.

Based on product type, weight loss diets are expected to account for the largest revenue share due to increasing adoption by pet owners as the primary means of managing pet obesity. Supplements are expected to have a significantly fast revenue growth rate due to their increasing adoption as a complementary means of managing pet obesity, while the drugs segment is expected to have a moderately fast revenue growth rate due to limited availability of approved drugs and potential side effects associated with drug use.

Segments Covered in the Report
The global pet industry has seen a remarkable growth in recent years. With increasing number of pet owners, the demand for pet products and services has risen significantly. The Pet Type Outlook, based on revenue in USD Billion from 2019-2032, presents a comprehensive analysis of the global pet market.

According to the report, the three main categories of pets are Dogs, Cats, and Others. In 2019, Dogs accounted for the highest revenue in the pet industry, with a market share of over 50%. This is due to the fact that dogs are the most popular pet in the world and are considered to be man's best friend. Cats are the second most popular pet, accounting for approximately 25% of the market share. Other pets, such as birds, fish, and reptiles, make up the remaining 25%. The Product Type Outlook is another crucial aspect of the pet industry, which determines the revenue generated by different product categories. The report highlights three major product categories that are contributing significantly to the growth of the pet industry. These include Weight Loss Diets, Supplements, and Drugs.

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Weight Loss Diets are the most important product category for pets, as pet obesity has become a major concern worldwide. The demand for weight loss diets has increased significantly in recent years, as pet owners are becoming increasingly aware of the health risks associated with pet obesity. In 2019, Weight Loss Diets accounted for a significant share of the pet industry revenue, with a market share of approximately 45%.

Supplements are another important product category in the pet industry, which has witnessed remarkable growth in recent years. With the increasing awareness about the benefits of nutritional supplements for pets, the demand for these products has risen significantly. Supplements are used to boost the immune system, improve digestion, and promote overall health and well-being of pets. In 2019, Supplements accounted for a significant share of the pet industry revenue, with a market share of approximately 35%.

Drugs are the third major product category that is contributing to the growth of the pet industry. With the increasing prevalence of pet diseases and the rising demand for pet healthcare services, the demand for drugs has increased significantly in recent years. These drugs are used to treat a wide range of pet diseases and disorders, such as arthritis, diabetes, and cancer. In 2019, Drugs accounted for a significant share of the pet industry revenue, with a market share of approximately 20%.

In conclusion, the Pet Type Outlook and Product Type Outlook present a comprehensive analysis of the global pet industry. With the increasing number of pet owners and the rising demand for pet products and services, the pet industry is poised for significant growth in the coming years. The report highlights the importance of different product categories, such as Weight Loss Diets, Supplements, and Drugs, in the growth of the pet industry.

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Strategic development:

• The pet care industry has been witnessing significant strategic developments in recent years. In 2021, Nestlé Purina PetCare entered into a collaboration with the University of Missouri to develop a weight management program for dogs that utilizes cutting-edge technology to monitor and manage their food intake. This program is expected to address the growing concern of pet obesity, a major health issue among dogs.

• In 2020, Hill's Pet Nutrition launched a new line of pet food products, called Hill's Prescription Diet Metabolic + Mobility, that are specially formulated to manage weight and joint health in overweight and obese pets. This line of pet food is expected to provide an effective solution for pet owners looking to manage their pets' weight and joint health.

• In the same year, Mars, Inc. acquired a majority stake in AniCura, a veterinary telemedicine provider, to expand its pet care services and offer more personalized care for pets. This acquisition is expected to strengthen Mars, Inc.'s position in the pet care industry and enable it to offer more comprehensive and innovative pet care solutions.

• In 2019, Royal Canin launched a new line of pet food products, called Royal Canin Satiety Weight Management, which is specifically formulated to help overweight and obese pets lose weight while maintaining muscle mass. This line of pet food products is expected to provide pet owners with a healthy and effective solution to manage their pets' weight.

• Moreover, in 2021, Wellness Pet Food introduced a new line of pet food products, called Wellness CORE Digestive Health, which is specifically formulated to support digestive health in overweight and obese pets. This line of pet food products is expected to provide pet owners with a holistic solution to manage their pets' weight and overall health.

• Additionally, in 2020, Nutro Products Inc. launched a new line of pet food products, called Nutro Ultra Weight Management, which is specifically formulated to help overweight and obese pets lose weight while maintaining a healthy immune system. This line of pet food products is expected to provide pet owners with a comprehensive solution to manage their pets' weight and overall health.

• Lastly, in 2019, Merrick Pet Care launched a new line of pet food products, called Merrick Grain-Free Healthy Weight, which is specifically formulated to help overweight and obese pets lose weight while maintaining muscle mass. This line of pet food products is expected to provide pet owners with a natural and healthy solution to manage their pets' weight.

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