Veterinary Therapeutic Diet Sales Set to Total USD 3.8 Billion by 2034, Spurred by a Growing Emphasis on Pet Health | Future Market Insights, Inc. - Seite 2

Key Takeaways from the Veterinary Therapeutic Diet Market Report:

• The global market is projected to register a CAGR of 9.6% through 2034.
• Based on diet type, gastrointestinal health diets segment is estimated to account for a value share of 65.3% in 2024.
• Based on sales channel, veterinary clinics segment is set to hold a leading market share of 47.8% in 2034.
• The United States market is forecast to thrive at 7.7% CAGR between 2024 and 2034.
• Japan is anticipated to record a CAGR of 9.9% through 2034.

"The future of veterinary therapeutic diet industry looks bright owing to increasing pet adoption, growing emphasis on pet care, and escalating pet humanization trend." – says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Leading Companies in Veterinary Therapeutic Industries 

Medicus, Mars Petcare, Nestlé Purina, Hill's Pet Nutrition, Diamond Pet Foods, Veterinary Nutrition Group, Wellness Pet, LLC, NutriSource, Wysong, and Natural Balance Pet Foods, Inc. are key veterinary therapeutic diet manufacturers and suppliers listed in the report. 

Top companies are constantly strengthening their existing product portfolios by introducing advanced pet food formulations. Similarly, strategies like partnerships, acquisitions, mergers, agreements, and promotional campaigns are observed in the market.

For instance,

• In January 2024, Hill's Pet Nutrition introduced new prescription veterinary diet products, including Prescription Diet c/d Multicare Low Fat Canine, Prescription Diet z/d Low Fat Hydrolyzed Soy Canine, and others.

Purchase now and gain full access to the Veterinary Therapeutic Diet Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global veterinary therapeutic diet market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights based on animal type (cat, dog, and others), form (dry therapeutic diets and wet therapeutic diets), diet type (weight management diets, diabetic management diets, gastrointestinal health diets, joint health diets, skin and coat health diets and dental health diets), and sales channel (veterinary clinics, pet specialty stores, online retailers and others) across various regions.