Pet Obesity Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Pet Obesity Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
Global Pet Obesity Management Market: Overview
Obesity in animals is an increasing issue and the impact is severe. Obesity can influence all pet kinds, and the primary cause is whether you eat too much or not, although obesity can occur in some illnesses. Obesity is an excess body fat disorder that has impacted the health negatively. Overweight dogs have a short life span, have an adverse effect on their quality of life and are susceptible to other circumstances, including osteoarthritis, diabetes mellitus and some neoplastic diseases. The management of animal obesity has long been on the radar of the animal feed industry, but recent results demonstrate that it is a trend with a severe staying power. It offers pet food manufacturers a chance to become the primary line of defense to help customers, giving wings of flight to the global pet obesity management market.
The study published on the global pet obesity management market, offer impressive focus on possible opportunities and any restraints, and elucidates on the key trends impacting the industry.
Global Pet Obesity Management Market: Notable Developments
Some of the key developments in the industry that are expected to influence the global pet obesity management market include:
- In 2017, 56 per cent of dogs and 60% of cats were obese, according to the Association for Pet Obesity Prevention. In addition, over the predicted era, the amount of pets that are accompanied by clinical obesity is anticipated to quickly increase, increasing market growth.
- The market should continue to be driven by strategic efforts of multiple governments and private businesses to raise awareness of animal care. Hills Pet Nutrition, for example, has set out rules for raising consciousness of the hazards of overfeeding.
- In May 2018 Royal Canin partnered in their "Fight the Beg" campaign against animal obesity with Celebrity Alison Sweeny.
- Recently several businesses are working on creating FDA-approved medicines to treat circumstances such as obesity in dogs in reaction to this predominant issue of obesity in dogs. For example, Pfizer Animal Health recently developed Slentrol, the first dietary drug approved by the FDA for canine obesity. The dietary medicine suppresses the appetite of the dog and prevents fat absorption. This drug is given to the pet orally.
These are some of the leading developments in the industry that are expected to influence the global pet obesity management market in coming years.
Some of the most prominent competitors operating in the competitive landscape of global pet obesity management market include –
- Pedigree
- Royal Canin
- Hills Pet Nutrition, Inc.
Global Pet Obesity Management Market Dynamics
Obesity and malnutrition among animals are two main problems that accelerate the worldwide market for animal obesity management. Obesity is a common health problem, which has generated huge demand on the market for products such as diabetes, heart conditions, high blood pressure, and cancer. The best diet for animals is free of grain and high-protein food as well as a mixture of nutrients and other ingredients. Reduced carbohydrate and low fat diets were developed that can also be produced in accordance with customers ' demands. The weight control components are gluten-free and low-glycemic. These are expected to gain traction in the global pet obesity management market in coming years.
The development of drugs for the loss of canine weight in the world of pet obesity leadership is expected in the coming years to acquire prominence. Due to fewer side-effects than other drugs, Slentrol (dirlostapide) records the largest demand in the canine weight loss drug industry. Canine weight loss drugs show important use in chronic stage management of obesity-related diseases. This is expected to further fuel the global pet obesity management market to a large extent.
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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