Dynamic 7.43% CAGR Charts Latin America Pet Food Market’s Future in 2022-27

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Market Overview: Latin America Pet Food Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Latin America Pet Food Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Latin America Pet Food Market Insights 2022-27

The Latin America Pet Food Market is projected to grow at a CAGR of around 7.43% during the forecast period, i.e., 2022-27.

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Top Players in the Latin America Pet Food Market:

  • Mars Petcare
  • Nestle Purina
  • Hill’s Pet Foods
  • Natural Dog Food Company
  • Diamond Pet Foods
  • Sera
  • Spectrum Brands Holdings
  • Whiskas
  • ADM Animal Nutrition™
  • Empresas Carozzi
  • Grupo Pilar (Gepsa Pet Foods)
  • Malta Texo de Mexico (maltaCleyton)
  • Nicoluzzi Rações
  • NutriPro
  • Premier Pet
  • Total Alimentos SA
  • Others (GEPSA, Total Alimentos, etc.)

Segmentation Analysis of Latin America Pet Food Market

Latin America Pet Food Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Type of Pet

  • Dogs
  • Cats
  • Fishes
  • Birds
  • Other Small Animals (Ferrets, Hamsters, etc.)

Of them all, pet food supplies for Dogs hold the largest market share across Latin America, principally due to the growing trend of pet humanization, leading to the rising health consciousness & greater demand for high-quality pet food, i.e., free from sugar, dye, grain, & other chemical additives. The trend of dog humanization shows a greater need for the maintenance & well-being of dogs, thereby driving the sales of natural & quality rich pet food.

Moreover, a swift rise in the adoption of dogs, especially amidst the pandemic, has resulted in more family time with dogs and increasing demand for healthy treats & dog treats. Furthermore, numerous pet food companies are actively introducing new products with top-quality, higher nutrition, organic, and breed-specific food to cater to the burgeoning number of dogs and attain consumer attention, thereby leading Dogs to dominate the market.

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-By Type of Food

  • Kibble/Dry Food
  • Canned/Wet Food
  • Frozen Dried Food
  • Raw Food

-By Form

  • Pellets
  • Crumbles
  • Mash
  • Flakes

-By Ingredients

  • Animal Based
  • Plant Based

-By Type of Diet

  • Prescribed Veterinary Diet
  • Normal Routine Diet

-By Distribution Channel

  • Online
  • Specialized Pet Store
  • Supermarket/Hypermarket

A Comprehensive Geographical Analysis:

-By Country

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Brazil holds a majority market share in the region and shall prevail the same trend in the forecast years. The market is driven primarily by Brazil, having the largest pet ownership across Latin America, thereby displaying extensive demand for pet food & positively influencing the market. Moreover, the mounting focus of pet owners on their pets’ health, coupled with the increasing expenditure on high-quality, nutrition-rich, & organic pet food, also drives the market across Brazil.

Besides, unlike big outlets of major brands in the industry with price volatilities, specialized pet food stores are gaining immense popularity in the country due to their consistent product prices. These stores often manufacture pet food with naturally & ethically sourced materials, and hence, their pet-specific food products are capturing a wide variety of consumers across Brazil.

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