Global Pet Veterinary Diet Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Sub Product;

Diabetes, Digestive Sensitivity, Oral Care Diets, Renal, and Urinary Tract Disease.

By Pet Type;

Dog, Cat, Birds, and Others.

By Distribution Channel;

Convenience Stores, Online Channel, Specialty Stores, and Supermarkets/Hypermarkets

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn143448797 Published Date: December, 2024 Updated Date: January, 2025

Introduction

Global Pet Veterinary Diet Market (USD Million), 2020 - 2030

The Global Pet Veterinary Diet Market size is estimated at USD 21.24 billion in 2024, and is expected to reach USD 33.63 billion by 2029, growing at a CAGR of 9.63% during the forecast period (2024-2029).

The global pet veterinary diet market has experienced steady growth due to an increasing awareness of pet health and a growing focus on preventive care. Pet owners are becoming more conscious of their pets' dietary needs, especially for those dealing with specific health issues such as obesity, diabetes, kidney disease, and joint problems. Veterinary diets, which are specifically formulated to address medical conditions, are gaining popularity as part of a holistic approach to pet wellness. The market for these specialized pet foods is further fueled by the rising trend of pet humanization, where pets are treated as family members, leading owners to invest in high-quality, therapeutic diets recommended by veterinarians.

In terms of product offerings, the pet veterinary diet market is segmented into different health categories such as digestive health, weight management, renal care, skin and coat health, and joint health. Popular brands like Hill’s Prescription Diet, Royal Canin Veterinary Diet, and Purina Pro Plan Veterinary Diets dominate the market with a variety of products tailored for different conditions. The availability of both wet and dry formulations in these products ensures that pet owners have flexible options depending on their pet's preference or specific medical needs. Veterinary diets are usually available through vet clinics and specialized pet stores, where pets can be assessed and prescribed the appropriate diet for their condition.

Geographically, North America and Europe represent the largest markets for pet veterinary diets due to high pet ownership rates and strong healthcare systems for animals. In these regions, the increasing number of veterinary hospitals, pet clinics, and e-commerce platforms has led to more accessible and varied options for pet owners. However, Asia-Pacific is emerging as a rapidly growing market, driven by increasing disposable income, changing attitudes toward pets, and rising pet adoption in countries like China and India. The overall growth in the global pet veterinary diet market is expected to continue, with more pet owners seeking professional-grade diets to improve their pets’ health and quality of life.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Sub Product
    2. Market Snapshot, By Pet Type
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Pet Veterinary Diet Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Prevalence of Pet Health Issues

        2. Pet Humanization Trend

        3. Increasing Pet Ownership

      2. Restraints
        1. Limited Consumer Awareness

        2. High Cost

        3. Distribution Challenges

        4. Pet Owner Compliance

      3. Opportunities
        1. Focus on Preventive Healthcare

        2. Advancements in Veterinary Medicine

        3. Growing Awareness of Pet Health

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Pet Veterinary Diet Market, By Sub Product, 2020 - 2030 (USD Million)
      1. Diabetes
      2. Digestive Sensitivity
      3. Oral Care Diets
      4. Renal
      5. Urinary tract disease
    2. Global Pet Veterinary Diet Market, By Pet Type, 2020 - 2030 (USD Million)
      1. Dog
      2. Cat
      3. Birds
      4. Others
    3. Global Pet Veterinary Diet Market, By Distribution Channel, 2020 - 2030 (USD Million)
      1. Supermarket/Hypermarket
      2. Specialty Stores
      3. Online Channel
      4. Others
    4. Global Pet Veterinary Diet Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Colgate-Palmolive Company (Hill's Pet Nutrition Inc.)

      2. General Mills Inc.

      3. Mars Incorporated

      4. Nestle (Purina)

      5. Schell & Kampeter Inc. (Diamond Pet Foods)

  7. Analyst Views
  8. Future Outlook of the Market