South Korea Pet Obesity Management Market Size & Outlook
South Korea pet obesity management market, 2018-2030 (US$M)
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South Korea pet obesity management market highlights
- The South Korea pet obesity management market generated a revenue of USD 84.8 million in 2023 and is expected to reach USD 142.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.7% 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.
Pet obesity management market data book summary
| Market revenue in 2023 | USD 84.8 million |
| Market revenue in 2030 | USD 142.2 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Therapeutic food |
| Fastest growing segment | Supplements |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Korea accounted for 0.9% of the global pet obesity management market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pet obesity management market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 447.4 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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South Korea 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 90.09% in 2023. Horizon Databook has segmented the South Korea pet obesity management market based on therapeutic food, supplements covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korea pet obesity management market is driven by the rise in patented products for pet obesity care. Local players are developing innovative products to combat obesity in companion animals.
For instance, Ildong Bioscience, known for its lactobacillus-based products, announced securing a patent for creating a probiotic product to combat pet obesity. An in-depth study was conducted on obese dogs, wherein Enterococcus fascium IDCC 2102 was mixed into their food for nine weeks.
The results showed improvement in BCS, obesity indicators, and inflammation-related factors in their blood. Such innovations are a major factor responsible for market growth in South Korea.
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Target buyers of South Korea pet obesity management market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea pet obesity management market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pet obesity management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea pet obesity management market outlook size, by by product, 2018-2030 (US$M)
South Korea Pet Obesity Management Market Outlook Share, 2023 & 2030 (US$M)
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