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Forecast Period
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2024-2028
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Market Size (2022)
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USD1.81 billion
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CAGR (2023-2028)
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6.92%
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Fastest Growing Segment
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Dog Segment
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Largest Market
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North America
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Market Overview
Global Pet Diabetes Care Market
has valued at USD 1.81 billion in 2022 and is anticipated to project formidable
growth in the forecast period with a CAGR of 6.92% through 2028. Pet diabetes,
also known as diabetes mellitus, is a chronic metabolic disorder that affects
pets, primarily cats and dogs. It occurs when the body is unable to properly
regulate blood glucose (sugar) levels due to either insufficient insulin
production or poor response to insulin. Insulin is a hormone produced by the
pancreas that helps regulate blood sugar and allows cells to utilize glucose for
energy. Increased thirst, Frequent urination, Increased appetite, Weight
loss despite increased appetite, Lethargy and weakness are some of the Symptoms
of pet diabetes. If left untreated, diabetes can lead to
serious complications such as ketoacidosis (a life-threatening condition),
organ damage, and secondary infections. The growing global trend of
pet ownership, particularly for cats and dogs, was driving the demand for pet
healthcare services, including diabetes care. Pet owners were becoming more
aware of their pets' health and were increasingly considering them as integral
family members. This shift in attitude led to higher spending on pet healthcare
and a willingness to invest in diabetes management. Veterinary medicine was
making significant advancements, including better diagnostic tools, treatment
options, and monitoring techniques for pet diabetes. These advancements allowed
for more effective and specialized care. The availability of
specialized pet food formulated to manage diabetes and control blood sugar
levels was driving the growth of this market segment. These diets offered
convenience and were designed to complement medical treatment. An
article published by PetMD in April 2022 indicates that approximately 1 in
every 300 dogs are diagnosed with diabetes. Dogs over the age of 7 and obese
female dogs are at an increased risk of developing diabetes.
Key Market Drivers
Increasing Pet Ownership
Increasing pet
ownership refers to the growing trend of people around the world adopting and keeping
pets as companions and members of their families. This trend involves a rising
number of households acquiring and caring for animals such as dogs, cats,
birds, rabbits, fish, and other domesticated species. Many individuals and families find comfort,
companionship, and emotional support in their pets. Pets often become integral
parts of households, offering love and affection. Loneliness and mental health concerns have led people
to seek companionship from pets. Studies have shown that interacting with pets
can help reduce stress, anxiety, and depression. As family structures change and more people live alone
or in smaller households, pets can fill the role of companions and provide a
sense of responsibility and routine.
Urban living often leads to smaller living spaces and
limited outdoor areas. In such environments, smaller pets like cats and small
dogs are preferred as they require less space and are easier to manage. Some
individuals and couples are choosing to delay or forego having children, and
they see pets to nurture and care for a dependent being. The rise in single-person
households has led to a demand for companionship, and pets fulfill this need
for many people. The presence of pets on social media platforms has increased
the visibility and appeal of pet ownership. The "pet influencer"
trend has contributed to the desirability of certain breeds and types of pets. Some workplaces, apartments,
and public spaces have become more pet-friendly, making it easier for
individuals to own pets even in urban settings.
Advances in pet care products, services, and veterinary
medicine have improved the quality of life for pets. This has made it more
appealing for people to adopt pets knowing that they can provide good care. Cultural attitudes toward
pets have changed, with many societies valuing pets as family members. This
shift has encouraged more people to adopt pets. Animal shelters, rescue organizations, and adoption
campaigns have raised awareness about the benefits of adopting pets, leading to
more people considering shelter animals as companions. Pet ownership has become a lifestyle choice for many,
reflecting personal values and preferences. This factor will pace up the demand
of global pet
diabetes care market.
Availability of Specialized Pet Food
Specialized pet food refers to dietary formulations designed
to meet specific nutritional needs and address health conditions or life stages
of pets. These foods are formulated to provide optimal nutrition and support
the well-being of pets with specific requirements, such as those with medical
conditions, allergies, sensitivities, or life stage considerations. Some pets suffer from
medical conditions that require specific dietary modifications. For example,
pets with diabetes, kidney disease, gastrointestinal issues, or allergies may
benefit from specialized diets tailored to their unique needs. Pets can develop
allergies or sensitivities to certain ingredients, often resulting in skin
issues or digestive problems. Specialized hypoallergenic or limited ingredient
diets are formulated to reduce the risk of triggering adverse reactions. Overweight or obese pets
might require specialized weight management diets to help them reach and
maintain a healthy weight. These diets control calorie intake while providing
essential nutrients.
Pets have different nutritional requirements at various
life stages, including growth, adult maintenance, and senior years. Specialized
puppy, adult, and senior formulas are designed to provide the appropriate nutrients
for each stage. Different breeds and sizes of pets may have unique
nutritional needs. For example, large-breed puppies have specific requirements
to support their growth without putting excessive strain on their joints. Active pets, such as working
dogs or highly active breeds, may benefit from diets that provide higher energy
levels and support muscle recovery. Some specialized pet foods are designed to promote
dental health by reducing plaque and tartar buildup.
These diets often have
unique kibble shapes and textures that help clean teeth as pets chew. Diets formulated to support
digestive health may contain ingredients like prebiotics, probiotics, and fiber
that promote a healthy gut microbiome. Cats prone to hairballs may benefit from specialized
diets that contain ingredients to help prevent hairball formation and aid in
their elimination. Older pets or those with joint issues might benefit from
diets containing glucosamine, chondroitin, and omega-3 fatty acids to support
joint health. Specialized
diets for pets with specific organ concerns, such as liver or kidney issues,
are formulated to reduce the workload on those organs and provide essential
nutrients. Some pets
with chronic medical conditions require prescription diets that are formulated
under the guidance of a veterinarian to manage their health condition. This factor will accelerate
the demand of global pet diabetes care market.
Advancements in Veterinary Medicine
Veterinary medicine has benefited from significant improvements
in diagnostic imaging technologies such as digital radiography, ultrasound,
computed tomography (CT), and magnetic resonance imaging (MRI). These tools
allow veterinarians to visualize internal structures, identify diseases, and
plan treatments more accurately. Advanced laboratory techniques enable faster
and more accurate diagnosis of diseases, infections, and conditions. Blood
tests, DNA analysis, and other molecular diagnostics aid in early detection and
tailored treatment plans. The integration of telemedicine and digital health platforms
allows veterinarians to remotely consult with clients and colleagues, provide
advice, and even diagnose certain conditions without physical presence. Techniques such as
laparoscopy and endoscopy enable veterinarians to perform surgeries with
smaller incisions, reducing pain, recovery time, and complications.
Advances in regenerative
therapies, including stem cell therapy and platelet-rich plasma (PRP)
treatments, offer new avenues for healing and tissue repair in animals. Genetic testing has become
more accessible, helping identify genetic predispositions to diseases, enabling
breed-specific health monitoring, and informing breeding decisions. Enhanced
understanding of pain physiology in animals has led to improved pain management
protocols, ensuring pets are more comfortable during recovery. Veterinary oncology has seen
advancements in cancer detection, diagnosis, and treatment, including surgical
techniques, chemotherapy protocols, and targeted therapies. Safer and more effective
anesthesia protocols, coupled with advanced monitoring equipment, have improved
the safety of surgical procedures. Advances in understanding pet nutrition have led to the
development of tailored diets for specific health conditions, life stages, and
individual needs. Better vaccines and treatments for infectious diseases,
including emerging pathogens, contribute to improved animal health and reduced
disease transmission.
More refined methods for assessing and managing pain in
animals, including subtle signs of discomfort, contribute to improved animal
welfare. Veterinary
rehabilitation techniques, including hydrotherapy, acupuncture, and physical
therapy, aid in the recovery and improved mobility of pets after surgery or
injury. Veterinary
rehabilitation techniques, including hydrotherapy, acupuncture, and physical
therapy, aid in the recovery and improved mobility of pets after surgery or
injury. The One
Health approach recognizes the interconnectedness of human, animal, and environmental
health. This approach encourages collaboration between veterinarians,
physicians, and other health professionals to address shared health challenges. This factor will help in the
development of the global pet diabetes care market.