About Prescription Pet Food
Prescription pet foods are specially formulated to help manage pet’s different diseases but don’t contain any drugs. Sometimes pets have a condition for which a veterinarian will recommend a specific diet. Maybe the pets have a tendency to develop bladder stones, or suffers from kidney disease, or is allergic to certain ingredients commonly found in pet food and therefore needs special kibble, and the doctor advises that a particular food can mitigate symptoms or even help slow the course of the disease.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Prescription Pet Food market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Prescription Pet Food Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Prescription Pet Food market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Blue Buffalo Co., Ltd. (United States), Total Alimentos (Brazil), Darwin's (United States), Buddy's Kitchen (Canada), Nestle Purina (Switzerland), Flint River Ranch (United States), Affinity Petcare (Agrolimen) (Portugal), Procter & Gamble (United States), Mars Petcare (United States) and Nutriara Alimentos (Brazil) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Diamond pet foods (United States), Del Monte Foods (United States), Unicharm (Japan) and Hill's Pet Nutrition (Colgate-Palmolive) (United States).
Segmentation Overview
AMA Research has segmented the market of Global Prescription Pet Food market by Type (Weight Management, Digestive Care, Skin and Food Allergies, Kindney Care, Urinary Health, Liver Health, Diabetes, Illness and Surgery Recovery Support, Joint Support and Others), Application (Dog, Cat and Others) and Region.
On the basis of geography, the market of Prescription Pet Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Prescription Pet Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
More Pet Owners Likely Turning To The Internet For Support Or Filling Their Prescriptions Online Rather Than Directly With Their Pet’s Veterinarian
Market Growth Drivers:
Increase Number of Pet Population and Pet Adoption, The Rising Diseases Prevalence among the Pets and The Increased Marketing Campaigns by the Companies
Restraints:
A High Cost of the Product As Compared To Non-Prescription Pet Foods
Opportunities:
High Growth Opportunities from Emerging Economies
Market Leaders and their expansionary development strategies
In April 2019, Nestlé Purina PetCare EMENA has announced a partnership with Independent Vetcare Group International (IVC Group). In parallel, Nestlé will acquire a minority shareholding in IVC Group. IVC Group is Europe’s largest veterinary services group with a network of more than 1,100 vet clinics and hospitals across ten countries. More than two million pet owners rely on their practices.
Key Target Audience
Prescription Pet Food Manufacturers, Prescription Pet Food Raw Material Suppliers, Prescription Pet Food Traders/Distributors, Prescription Pet Food Importer/Exporter, Regulatory & Government Bodies, Research & Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.