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Vet-Prescribed Pet Food Market: By Product Type, By Animal, By Distribution Channels, and Geography
Vet-Prescribed Pet Food Market: By Product Type, By Animal, By Distribution Channels, and Geography
Vet-Prescribed Pet Food Market size was valued at US$ x billion in 2023, growing at a CAGR of 5.6% from 2024 to 2030. The global market provides a detailed overview which can be segmented by product type, animal, distribution channel, and region. By product type, the vet-prescribed pet food market has been segmented into weight management, skin and food coating allergies, digestive care, kidney care, osteoarthritis, and others. By animal, the vet-prescribed pet food market has been segmented into dogs, cats, and other pet animals. By animals, the pet dogs segment is anticipated to garner a significant market share owing to the increasing number of pet dogs among a large section of people worldwide. Besides, residents can prevent robberies in their houses by keeping a well-trained canine pet with them. This is expected to provide ease in the dogs' humanization rate among households, thereby driving segmental growth. Based on the distribution channel, the segment has been segregated into veterinary centers, online pharmacies, and others. The online pharmacies segment is expected to lead the end-user segments owing to rising online shopping worldwide due to busy schedule life.
Study Period
2024-2030Base Year
2023CAGR
5.6%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Increasing spending of the people on several pet care-related products such as food, healthcare, grooming, and others is likely to ease such products’ consumption rate, thus driving the vet-prescribed pet food market growth. As per the data published by the Pet Food Industry Association of Australia, in 2019, Australia’s spending on pet veteran-related pet services reached USD 2,600 million, up from USD 2,200 million in 2016. Other major factors such as rising infrastructural facilities of pet care stores in several countries worldwide are further likely to support such products' consumption rate, thus driving the market growth.
By region, the largest share of the North America region is attributed to the maximum spending of the Canadian and U.S. population on pet care-related products and services, resulting in considerable revenues from various pet food products from the region. According to the Statistical Department's data, the Government of Canada, in 2019, Canadian household spending on pet insurance, veterinary, and others.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
5.6% |
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By Product Type |
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By Animal Type |
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By Distribution Channel |
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The vet-prescribed pet food market size was valued at US$ x million in 2023
The vet-prescribed pet food market's key players are: Nestle Purina PetCare Company (U.S.) Big Heart Pet Brands (U.S.) Unicharm Diamond Pet Foods Hills Pet Nutrition WellPet LLC. Blue Buffalo Co., Ltd. Heristo Aktiengesellschaft Affinity Petcare Nisshin Pet Food
The vet-prescribed pet food market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.