The Reports and Insights, a leading market research company, has recently releases report titled “Veterinary Therapeutic Diet Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Veterinary Therapeutic Diet Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Veterinary Therapeutic Diet Market?
The veterinary therapeutic diet market was valued at US$ 1.5 Billion in 2023, and is expected to register a CAGR of 8.7% over the forecast period and reach US$ 3.2 Bn in 2032.
What are Veterinary Therapeutic Diet?
Veterinary therapeutic diets are specialized foods crafted to tackle specific health conditions or diseases in animals. These diets are carefully formulated with precise nutritional compositions to aid in the management and treatment of various health issues like kidney disease, diabetes, obesity, allergies, and gastrointestinal disorders. They often include specific ingredients or nutrient ratios aimed at alleviating symptoms, controlling conditions, and enhancing the overall health and vitality of pets. Veterinarians typically prescribe these diets as part of a comprehensive treatment strategy for animals with particular health requirements.
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What are the growth prospects and trends in the Veterinary Therapeutic Diet industry?
The veterinary therapeutic diet market growth is driven by various factors and trends. The market for veterinary therapeutic diets is a substantial sector within the pet food industry, primarily fueled by the increasing incidence of health problems in pets and the growing recognition of nutrition's role in animal health. These diets are specifically formulated to address various health conditions in pets, including obesity, diabetes, kidney disease, and food allergies. Growth in this market is driven by factors such as the expanding pet population, the trend of treating pets as family members, and the rising demand for high-quality pet food. Furthermore, ongoing advancements in pet food technology and the introduction of specialized ingredients are driving market expansion, providing pet owners with a diverse array of therapeutic options for their beloved animals. Hence, all these factors contribute to veterinary therapeutic diet market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Veterinary Therapeutic Diet Market Segmentation:
By Animal Type
- Dogs
- Cats
- Others
By Indication
- Weight Management
- Renal Care
- Gastrointestinal Health
- Dermatological Care
- Diabetes Management
- Cardiac Health
- Joint Health
- Other Indications
By Product Type
- Dry Food
- Wet/Canned Food
- Semi-Moist Food
- Treats and Supplements
By Distribution Channel
- Veterinary Clinics and Hospitals
- Pet Specialty Stores
- Online Retailers
- Other Channels (Supermarkets, Hypermarkets)
By Region
North America
- United States
- Canada
Europex
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Poland
- Benelux
- Nordic
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Australia & New Zealand
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- Saudi Arabia
- South Africa
- United Arab Emirates
- Israel
- Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
- Hill's Pet Nutrition, Inc.
- Royal Canin
- Purina Pro Plan Veterinary Diets
- Blue Buffalo Company
- Iams Veterinary Formula
- Eukanuba Veterinary Diets
- Natural Balance Pet Foods
- Vetdiet
- Rayne Clinical Nutrition
- Diamond Pet Foods
- Waltham Centre for Pet Nutrition
- Mars Veterinary Health
- Nestlé Purina PetCare
- Wellness Natural Pet Food
- Nutro Veterinary Diets
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