Latin America Pet Obesity Management Market Size & Outlook
Latin America pet obesity management market, 2018-2030 (US$M)
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Latin America pet obesity management market highlights
- The Latin America pet obesity management market generated a revenue of USD 780.4 million in 2023.
- The market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, therapeutic food was the largest revenue generating by product in 2023.
- Supplements is the most lucrative by product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 780.4 million |
| Market revenue in 2030 | USD 1,234.1 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Therapeutic food |
| Fastest growing segment | Supplements |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Therapeutic Food, Supplements |
| Key market players worldwide | Mars Group Holdings Corp, Colgate-Palmolive Co, Nestle SA, NOW Foods, Virbac SA, Dechra Pharmaceuticals, Sun Pharmaceutical Industries, Neogen Corp, Masterpet, Probalance, Rolf C. Hagen, VioVet, Farmina, Drools |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.1% of the global pet obesity management market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,810.4 million by 2030.
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Pet Obesity Management Market Scope
Pet Obesity Management Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America pet obesity management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pet obesity management market will help companies and investors design strategic landscapes.
Therapeutic food was the largest segment with a revenue share of 89.56% in 2023. Horizon Databook has segmented the Latin America pet obesity management market based on therapeutic food, supplements covering the revenue growth of each sub-segment from 2018 to 2030.
A prevalent issue in Latin America is the lack of knowledge among pet owners on the significance of controlling pet obesity. According to a study conducted in Brazil, although a sizable dog owner population acknowledged that their dogs were overweight, very few sought expert help to manage their obesity.
Mexico also has a disparity between estimated and reported dog obesity rates, highlighting the need for pet owner education. Large-scale pet health awareness initiatives, such as Zoetis Inc.'s yearly DogRun, are driving the industry in Argentina by raising public awareness of the importance of regular veterinary treatment for pets.
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Our clientele includes a mix of pet obesity management market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pet obesity management market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pet obesity management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pet obesity management market outlook size, by country, 2018-2030 (US$M)
Latin America Pet Obesity Management Market Outlook Share, 2023 & 2030 (US$M)
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