Thailand Pet Obesity Management Market Size & Outlook
Thailand pet obesity management market, 2018-2030 (US$M)
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Thailand pet obesity management market highlights
- The Thailand pet obesity management market generated a revenue of USD 42.0 million in 2023 and is expected to reach USD 72.5 million by 2030.
- The Thailand market is expected to grow at a CAGR of 8.1% 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 42.0 million |
| Market revenue in 2030 | USD 72.5 million |
| Growth rate | 8.1% (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, Thailand accounted for 0.4% 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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Thailand 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 89.52% in 2023. Horizon Databook has segmented the Thailand pet obesity management market based on therapeutic food, supplements covering the revenue growth of each sub-segment from 2018 to 2030.
Market growth in Thailand is driven by the rise in pet humanization and the flourishing pet food industry. Consumer actions that treat their pets as family members or children are known as pet humanization. Pet owners see themselves as pet parents who give their animals experiences and goods similar to those of humans.
Pet owners are prepared to spend money on quality food, clothing, accessories, and services for their animals. The Thai Pet Product Industries Association reported in 2020 that pet food experienced an average of 10% growth from January 2020 to October 2020 despite the COVID-19 pandemic and its adverse impact on Thailand's economy.
The peak demand was experienced during the lockdown, when pet owners panicked and stocked up on supplies, driving the market. In addition, individuals were compelled to stay home, giving them more time to care for their dogs and meet their requirements. As a result, online purchasing increased dramatically.
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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 country-level data and insights on the Thailand pet obesity management market , including forecasts for subscribers. This country databook contains high-level insights into Thailand pet obesity management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand pet obesity management market outlook size, by by product, 2018-2030 (US$M)
Thailand Pet Obesity Management Market Outlook Share, 2023 & 2030 (US$M)
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