Pet owners are placing greater emphasis on preventive healthcare for their pets, driving the demand for therapeutic diets that enhance immune function, support digestive health, and aid in disease prevention. In the United States, Millennials are particularly attentive to pet health, consistently seeking superior food products and medicated treatments for quicker outcomes.
NEWARK, DE / ACCESSWIRE / September 5, 2024 / According to Future Market Insights (FMI), the therapeutic diet for petmarket reflects a remarkable trajectory from 2024 to 2034, indicating a robust growth rate. The market is set to surge at a CAGR of 4.0% during the forecast period. With an initial forecast of USD 502.4 million in 2024, the market is witnessing a significant increase to USD 744.5 million by 2034.
The therapeutic diet for petmarket is rising due to growing urbanization and industrial growth, with developing countries showing a growing attitude toward pets. The need for therapeutic diets that support immune function, digestive health, and disease prevention is driven by pet owners' growing focus on preventive health care for their animals.
In the United States, a large proportion of millennials are concerned about the health of their pets. They continuously seek superior food products, more effective treatments, and expensive medical care to manage age- and allergy-related issues, propelling the market. Europe's growth is pushed by increasing awareness of pet health and well-being, and the Asia-Pacific region has seen a significant increase in pet veterinary diets.
Manufacturers invest in research & development to create innovative therapeutic diets, addressing specific health concerns and driving product differentiation and market growth. Advancements in veterinary medicine to improve diagnostic capabilities and treatment options for pet health conditions are fueling market expansion.
Understanding the Therapeutic Diet for Pet Market
The therapeutic diet for pets market is rapidly growing as pet owners become increasingly aware of the importance of specialized nutrition for their animals' health. These diets are designed to address specific health conditions such as obesity, allergies, kidney disease, and digestive issues, offering tailored nutritional solutions that support pets' overall well-being. With the rise in pet ownership and a shift towards humanizing pets, the demand for therapeutic diets has surged, pushing manufacturers to innovate and expand their product lines with scientifically formulated, high-quality ingredients.
Understanding the therapeutic diet market involves recognizing the diverse needs of pets and the driving factors behind consumer choices. Veterinarians play a crucial role in recommending these specialized diets, making professional advice a key component in the market's growth. Additionally, the trend towards premiumization, where pet owners are willing to spend more on high-quality, health-focused products, is further propelling the market forward.
Key Takeaways from the Therapeutic Diet for Pet Market Report:
The global therapeutic diet for pet market is set to reach a valuation of USD 744.5 million by 2034.
The United Kingdom is projected to reach USD 23.5 million by 2034.
The United States therapeutic diet for pet market is projected to reach a valuation of USD 305.6 million in 2034.
India is set to reach a valuation of USD 10.8 million by 2034.
China is expected to surge at a CAGR of 3.8% during the forecast period.
"Therapeutic diets for pets are becoming more accessible through various channels, including veterinary clinics, specialty stores, and supermarkets. Educational initiatives by pet food manufacturers, veterinary organizations, and health professionals raise awareness about nutrition's importance in pet health, fueling the market." Nandini Roy Choudhury, Client Partner at Future Market Insights .
Regional Analysis of Therapeutic Pet Diet Market
UnitedStates: The rising incidence of pet allergies is expected to surge demand.
Germany: Booming e-commerce and advancements in research and development are set to propel sales.
China: Increasing pet ownership is projected to gain traction.
India: Growing awareness of pet health and advancements in veterinary medicine are anticipated to uplift the market.
Countries | Market Value (2034) |
United States | USD 305.6 million |
United Kingdom | USD 23.5 million |
Germany | USD 26.1 million |
China | USD 19.7 million |
India | USD 10.8 million |
Key Therapeutic Diet for Pet Market Trends
Rising Demand for Personalized Pet Food: Pet owners are increasingly seeking customized diets tailored to their pets' specific health conditions and dietary needs, driving the growth of specialized pet food formulations.
Growth of E-commerce Platforms: Online sales of pet food are on the rise due to the convenience of easy and quick home delivery, with e-commerce platforms gaining more traction in the pet food market.
Increased Focus on Pet Health and Well-being: Pet owners are showing a heightened responsibility towards their pets' health, leading to a greater demand for therapeutic diets that cater to specific health conditions and nutritional needs.
Pets as a Status Symbol: In regions like the United States and Europe, owning pets is increasingly associated with wealth and sophistication, further boosting the demand for high-quality pet food products.
Preference for Grain-free and Gluten-free Diets: There is a growing trend towards grain-free and gluten-free pet foods, driven by concerns over pet allergies and digestive issues, as owners seek healthier diet options for their pets.
Competitive Landscape
Hill's, Purina, Royal Canin, Blue Buffalo, Orijen, Nature's Variety, Wellness, Ziwi, Solid Gold, Taste of the Wild, and Virbac are key therapeutic diet for pet manufacturers listed in the report. Leading companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market.
For instance,
In 2018, Cargill Inc. acquired Pro-Pet, an Ohio-based manufacturer of private-label and co-manufactured pet foods, including premium dog food brand Black Gold. The acquisition made Cargill the only national animal feed and pet food supplier in the agricultural retail space.
In April 2023, Mars Incorporated opened its first pet food research and development center in Asia-Pacific. This new facility, called the APAC pet center, will support the company's product development.
Key Companies Profiled
Hill's
Purina
Royal Canin
Blue Buffalo
Orijen
Nature's Variety
Wellness
Ziwi
Solid Gold
Taste of the Wild
Virbac
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global therapeutic diet for pet market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights on the therapeutic diet for pet market based on age group (cat and dog), distribution channel (offline and online), health condition (kidney disease, weight management problems, arthritis and other orthopedic conditions, skin and/or coat health problems, oncology support, food allergies, diabetes and other endocrine disorders, gastrointestinal issues, liver disease, periodontal disease/ oral health, cognitive health), and region.
Browse full Report: https://www.futuremarketinsights.com/reports/therapeutic-diet-for-pet-market
Market Segmentation of Therapeutic Pet Diets
By Age Group:
Cat
Kitten
Adult
Senior
Dog
Puppy
Adult
Senior
By Health Condition:
Kidney Disease
Weight Management Problems
Arthritis and Other Orthopedic Conditions
Skin and/or Coat Health Problems
Oncology Support
Food Allergies
Diabetes and Other Endocrine Disorders
Gastrointestinal Issues
Liver Disease
Periodontal Disease/ Oral Health
Cognitive Health
By Distribution Channel:
Offline
Online
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
About the Food & Beverage Division at Future Market Insights (FMI)
Expert analysis, actionable insights, and strategic recommendations - the Food & Beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Authored by:  
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.   
She has exceptional analytical skills and often brings thought leadership to the table.  
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results. 
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.  
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor. 
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