Report ID: UCMIG35I2248
Pet Obesity Management Market Size, Share, Growth Analysis, By Product (Revenue, USD Million, 2015 - 2026)(Drugs, Food Supplements), By Animal Type (Revenue, USD Million, 2015 - 2026)(Dogs, Cats), By End Use (Revenue, USD Million, 2015 - 2026)(Pet Specialty Stores, E-commerce, Others), By Regional (Revenue, USD Million, 2015 - 2026)(North America, The U.S., Canada, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG35I2248 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Pet Obesity Management Market Insights
Market Overview:
In 2018, the global market dedicated to the management of pet obesity exhibited a notable valuation of USD 626.99 million, and this figure is anticipated to sustain a consistent upward trajectory with a Compound Annual Growth Rate (CAGR) of 6.8% throughout the projected forecast period. The escalating concern surrounding pet obesity serves as a pivotal driver behind this growth, attributed to the heightened recognition that obesity not only compromises the well-being of pets but also elevates their susceptibility to a spectrum of chronic ailments, including osteoarthritis and diabetes. This realization has bestowed a substantial impetus to the market, establishing a fertile ground for its advancement. Reinforcing this trend, an authoritative report from the Association for Pet Obesity Prevention (APOP) underscores that in the United States alone, a staggering 56% of dogs and 60% of cats were classified as overweight or obese in the year 2017. This alarming statistic underscores the urgent necessity to counteract this escalating issue, thus providing a robust growth platform for the pet obesity management market to address this critical concern and cultivate a healthier future for our animal companions.
Pet Obesity Management Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Pet Obesity Management Market Report Snapshots
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