The global pet obesity management market size is expected to reach USD 1.04 billion by 2026 registering a CAGR of 6.8%, according to a new report by Grand View Research, Inc. Growing cases of pet obesity is expected to drive the market over the forecast period. According to the Association for Pet Obesity Prevention, 56% of dogs and 60% of cats were obese in U.S in 2017. Moreover, the number of companion animals with clinical obesity is expected to increase rapidly over the forecast period, thereby augmenting market development. Lack of water consumption and physical activity due to age factors leads to obesity in pets, which, in turn, is projected to boost the market growth.
In
addition, obesity breeds conditions, such as high blood pressure, arthritis,
and certain forms of cancer, are expected to propel the market in near future.
Commercial pet foods contain too much grain that may cause more craving for
foods. Thus, overfeeding can also increase the risk of obesity in animals.
Strategic initiatives by various governments and private companies for
increasing the awareness about pet care are expected to drive the market
further. For instance, Hills Pet Nutrition laid down the guidelines to spread
awareness about the risks associated with overfeeding.
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Pet Obesity
Management Market Report Highlights
- Food
supplements accounted for the largest share of the global market in 2018
and is likely to maintain its dominance over the forecast years due to
high demand
- Cats animal
type segment is expected to register the highest CAGR over the forecast
period owing to rising number of pet cats in U.S. and other North American
countries
- E-commerce
accounted for the largest market share in 2018 due to easy availability of
a wide variety of products on online portals, which saves consumer time
- North America
held the dominant market share in 2018 owing to the highest number of pet
obesity cases reported in this region
- Moreover,
favorable insurance policies also make this region a major contributor to
the market growth
- Asia Pacific
is anticipated to witness the highest CAGR due to rising pet adoption,
especially in Japan and India
- Major
companies in the global pet obesity management market are Royal Canin;
Pedigree Petfoods; Hill’s Pet Nutrition, Inc.; and Pfizer Animal Health
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Pet Obesity
Management Market Segmentation
Grand View Research has
segmented the global pet obesity management market on the basis of product,
animal type, end use, and region:
Pet Obesity
Management Product Outlook (Revenue, USD Million, 2015 - 2026)
- Drugs
- Food Supplements
Pet Obesity
Management Animal Type Outlook (Revenue, USD Million, 2015 - 2026)
- Dogs
- Cats
Pet Obesity
Management End Use Outlook (Revenue, USD Million, 2015 - 2026)
- Pet Specialty Stores
- E-commerce
- Others
Pet Obesity
Management Regional Outlook (Revenue, USD Million, 2015 - 2026)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Latin America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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