The global pet diabetes care market is likely to hit $2.03 billion this year, up from $1.86 billion in 2022, according to a new report.
And the market is projected to reach $2.78 billion by 2027, indicating a compound annual growth rate of 8.25%.
The findings come from a report called “Pet Diabetes Care Global Market Report 2023” from Research and Markets.
“In the ever-evolving landscape of pet health, the pet diabetes care market stands out as a unique challenge and opportunity for senior executives,” the market research company stated in a press release.
“The increase in pet-related diseases, a surge in pet adoptions, and rapid advancements in specialized pet care create a dynamic market that promises both potential growth and significant competition.”