During the last few years, pet obesity has reached its all-time high. With obesity comes pet diabetes.
Considering the fact that 51% of all dogs are now obese, it’s no wonder that the pet diabetes market is thriving.
Even though they are already in high demand, the products for diabetic pets are expected to become even more profitable. The market is expected to grow by about 8.3% by 2026.
Specialized veterinarian insulin — Caninsulin / Vetsulin is likely to dominate the market. But, because of the demand, more products are likely to be developed.
It’s estimated that the US will continue to dominate this market. After all, the US is among the countries with the most pets per capita. Statistics also show that 61% of US pet owners are likely to pay more for foods that suit their pets’ needs.
Other markets, such as South Asia and Australia, are going to become more important, as the number of diabetic pets grows there too.
In 2015, 23.6 in 10,000 dogs and 67.6 in 10,000 cats had diabetes. The numbers are getting more and more serious.
Fortunately, if you’re worried about your dog or cat and want to help them stay healthy, there are some things you can do.
You should take your dogs for longer walks, provide your cats with more toys, and feed them healthy and balanced food suited to their needs.
Although the diabetes care market will definitely continue growing, don’t allow your pet to be a part of the statistics.