Pet Obesity Management Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 |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 P

As per the report, 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 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%.

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Rising Pet Adoptions Boost Demand For Obesity Management Solutions
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.

Innovative Metabolic Diets Enhance Pet Obesity Management Market
Major companies operating in the pet obesity management market are focused on developing advanced dietary solutions, such as dietary metabolic canned and dry foods, to address the growing concern of pet obesity. Dietary metabolic canned and dry foods refer to specialized pet food products that help pets manage their weight and address obesity issues through controlled calorie intake and nutritional balance. For instance, in January 2024, Hill's Pet Nutrition Inc., a US-based company specializing in premium pet food products and veterinary care solutions, launched prescription diets such as prescription diet Z/D low-fat hydrolyzed soy canine, prescription diet C/D multicare low-fat canine, prescription diet gastrointestinal biome stress feline, and prescription diet C/D multicare stress feline. These formulations aim to prevent adverse food reactions, promote healthy skin in pets with sensitivities, and feature Hill's ActivBiome+ ingredient technology, which is proven to swiftly support digestive health by activating the gut microbiome.

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

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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

Contents of the report:
1. Executive Summary
2. Pet Obesity Management Market Report Structure
3. Pet Obesity Management Market Trends And Strategies
4. Pet Obesity Management Market - Macro Economic Scenario
5. Pet Obesity Management Market Size And Growth
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27. Pet Obesity Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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