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Oct 6, 2020 11:00 AM ET

Global Pet Obesity Care Market Set for Rapid Growth, to reach Value USD 1,013.8 Million by 2025


iCrowd Newswire - Oct 6, 2020

Zion Market Research has published a new report titled “Pet Obesity Care Market by Product (Food Supplements and Drugs), Animal (Cats and Dogs), and Distribution Channel (E-commerce, Pet Specialty Stores, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025” According to the report, global demand for pet obesity care market was valued at approximately USD 628.3 Million in 2018, and is expected to generate revenue of around USD 1,013.8 Million by end of 2025, growing at a CAGR of around 7.2% between 2019 and 2025.

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Obesity arises due to accumulation of extra body fat. This state can have an adversarial impact on the wellbeing. Obesity is a key health worry in pets. Sustained obesity also leads to osteoarthritis and diabetes in pets. According to Association for Pet Obesity Prevention, almost 56% of cats and 60% of dogs in U.S. were obese.

Global Pet Obesity Care Market

Factors such as growing incidence of diabetes and osteoarthritis in pets due to obesity, increasing pet adoption, rising animal healthcare expenditure, and increasing awareness will act as major driving factors in the growth of global pet obesity care market. Increased research and development activity and launch of new products will present an opportunity for the market players in the pet obesity care market. Nonetheless, some side effects related to diabetes medication in pets and low animal healthcare expenditure in developing regions will restrict the growth of global pet obesity care market.

The global pet obesity care market has been split into product, animal, and distribution channel. Based on product, pet obesity care market has been segmented into food supplements and drugs. The food supplements segment accounted for the highest market share in 2018 owing to high expenditure on animal food products.

The animal segment has been divided into cats and dogs. The dogs segment accounted for the highest market share in 2018 owing to growing cases of obesity in dogs.

The distribution channel segment has been divided into e-commerce, pet specialty stores, and others. The e-commerce segment accounted for the highest market share in 2018 due to increasing preference for online channel to buy animal products.

Regionally, the thoracic drainage devices market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa North America will be foremost region through the forecast time. U.S. will be the leading country in the North America region owing to high pet adoption, presence of major market players, and high obesity rate among pets in the region. Europe is likely to be the succeeding key market. The crucial reasons are increasing trend of companion animals and high investment in research and development by major market players. Asia Pacific will develop at the highest growth rate owing to growing veterinary healthcare expenditure and increasing pet adoption. Latin America region will propagate at a noteworthy rate through the assessment time. Middle East & Africa will show positive advancement in the projected time-frame.

The report also includes detailed profiles of key players such as Hills Pet Nutrition, Inc., Royal Canin, and Pedigree among others.

This report segments the Global Pet Obesity Care Market as follows:

Global Pet Obesity Care Market: By Product

Global Pet Obesity Care Market: By Animal

Global Pet Obesity Care Market: By Distribution Channel

Global Pet Obesity Care Market: By Region

To view TOC of this report is available upon request @ https://www.zionmarketresearch.com/toc/pet-obesity-care-market 



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Keywords:    Pet Obesity Care Market

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