LATIN AMERICA PET FOOD MARKET 2023-2030

Consumer Goods & Services | Pet Food & Supplies

LATIN AMERICA PET FOOD MARKET 2023-2030

Market by Animal Type, Food Type, Distribution Channel, and Country Outlook | Forecast 2023-2030

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As per Triton’s research report, Latin America’s pet food market is likely to progress with a CAGR of 8.58% during the forecast period from 2023 to 2030.




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The countries assessed in this region are:

•         Mexico

•         Brazil

•         Rest of Latin America

Mexico is anticipated to grow at the fastest rate in the regional market over the forecasted period. Key growth enablers in this region include the growing adoption of pets among households and the pet humanization trend. With this, treats are also witnessing strong growth, as pet parents are becoming increasingly aware of the need for these foods, not only as rewards or to increase bonding, but also to improve the health of the animals.

However, while a large number of owners do prefer premium food brands, the polarization between premium and economy segments in pet food is a challenge to the market’s growth.

Brazil is one of the prime markets for pet food in the region. And thus, the demand for pet food products, especially those with sustainable packaging, is expanding. Manufacturers in the country are capitalizing on this trend and also differentiating their products, especially emphasizing on using natural and ethically sourced ingredients.

In Mexico, the sales of pet care products are expected to increase over the forecasted period, as owners tend to develop close bonds with their pets and even consider them as family members. Also, with the economic recovery post-COVID, premium foods are witnessing increased demand, especially the wet pet food type. Mexico is a promising market, and thus, several major companies are setting foot in the country and expanding their production base. Also, with the growing focus on pet health and wellness, brands are launching new products catering to the animals’ nutritional requirements.

Veterinary clinics are an essential distribution medium in the pet food market. Vets recommend specific medicines and diets for animals when they are diagnosed with certain conditions or for health improvement. Thus, making pet food available at veterinary clinics is important. Besides, owners are also assured of the quality of these products as they are recommended by experts.

Triton’s report assesses the market according to distribution channel, food type, and animal type. Here, the distribution channel segment comprises veterinary, e-commerce, store-based, and other distribution channels.

The eminent companies in the pet food market include Unicharm Corporation, Farmina Pet Foods, Mars Petcare Ltd, Nestle Purina Petcare, and Diamond Pet Foods.

Farmina Pet Foods is a well-established pet food brand. The company is known for its strong R&D capabilities and uses top-quality ingredients to manufacture its food products. Though Farmina Pet Foods is headquartered in the United States, it has Italian roots. Its parent organization, Farmina Pet Foods Holdings, was founded in 1965, and has a workforce of over 235,000 employees. The company also operates manufacturing facilities in Brazil.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2023-2030

      Detailed data highlighting key insights, industry components, and market strategies


      Comprehensive information and estimation of the pet food market revenue growth in Latin America and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model


      A wide-ranging study of factors that will challenge the Latin America pet food market’s growth during the upcoming years

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Table of Content

1. LATIN AMERICA PET FOOD MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT ANALYSIS ON THE PET FOOD MARKET

2.1.1. COVID-19 IMPACT ON THE PET FOOD MARKET

2.1.2. UKRAINE-RUSSIA WAR IMPACT ON THE PET FOOD MARKET

2.2. PORTER’S FIVE FORCES ANALYSIS

2.2.1. THREAT OF NEW ENTRANTS

2.2.2. THREAT OF SUBSTITUTES

2.2.3. BARGAINING POWER OF BUYERS

2.2.4. BARGAINING POWER OF SUPPLIERS

2.2.5. THREAT OF COMPETITIVE RIVALRY

2.3. MARKET MATURITY ANALYSIS

2.4. INDUSTRY COMPONENTS

2.4.1. RAW MATERIAL SUPPLIERS

2.4.2. MANUFACTURERS

2.4.3. DISTRIBUTION CHANNELS

2.4.4. END-USERS

2.5. REGULATORY FRAMEWORK

2.6. KEY BUYING IMPACT ANALYSIS

2.6.1. PRODUCT TYPE

2.6.2. PRODUCT QUALITY

2.6.3. PRICE

2.6.4. BRAND

2.6.5. PACKAGING

2.7. KEY MARKET STRATEGIES

2.7.1. PRODUCT LAUNCHES

2.7.2. ACQUISITIONS

2.8. MARKET DRIVERS

2.8.1. HIGH DEMAND FOR PREMIUM AND ORGANIC PET FOOD

2.8.2. INCREASED SPENDING ON PET FOOD

2.8.3. RISING DEMAND FOR THERAPEUTIC PET FOOD

2.8.4. ESCALATING GROWTH OF E-COMMERCE AS A DISTRIBUTION CHANNEL IN THE PET FOOD MARKET

2.9. MARKET CHALLENGES

2.9.1. DECEPTIVE CLAIMS BY MANUFACTURERS REGARDING INGREDIENTS LEADING TO PET OBESITY

2.9.2. PRODUCTION AND SUPPLY CHAIN THREATS

2.10. MARKET OPPORTUNITIES

2.10.1. DESIRE FOR SUSTAINABLE AND VALUE-DRIVEN BRANDS

2.10.2. HUMANIZATION OF PETS

2.10.3. GROWING AWARENESS REGARDING THE HEALTH BENEFITS OF SUPPLEMENTS

2.10.4. GROWING PET ADOPTION ACROSS THE GLOBE

2.11. ANALYST PERSPECTIVE

3. LATIN AMERICA PET FOOD MARKET OUTLOOK – BY ANIMAL TYPE

3.1. DOGS

3.1.1. WET DOG FOOD

3.1.2. DRY DOG FOOD

3.1.3. TREATS & MIXES FOR DOGS

3.2. CATS

3.2.1. WET CAT FOOD

3.2.2. DRY CAT FOOD

3.2.3. TREATS & MIXES FOR CATS

3.3. OTHER ANIMAL TYPES

4. LATIN AMERICA PET FOOD MARKET OUTLOOK – BY FOOD TYPE

4.1. WET FOOD

4.2. DRY FOOD

4.3. OTHER FOOD TYPES

5. LATIN AMERICA PET FOOD MARKET OUTLOOK – BY DISTRIBUTION CHANNEL

5.1. STORE-BASED

5.2. E-COMMERCE

5.3. VETERINARY

5.4. OTHER DISTRIBUTION CHANNELS

6. LATIN AMERICA PET FOOD MARKET – COUNTRY OUTLOOK

6.1. BRAZIL

6.1.1. BRAZIL PET FOOD MARKET FORECAST & PROSPECTS

6.2. MEXICO

6.2.1. MEXICO PET FOOD MARKET FORECAST & PROSPECTS

6.3. REST OF LATIN AMERICA

6.3.1. REST OF LATIN AMERICA PET FOOD MARKET FORECAST & PROSPECTS

7. COMPETITIVE LANDSCAPE

7.1. BLUE BUFFALO PET PRODUCTS INC

7.1.1. OVERVIEW

7.1.2. PORTFOLIO

7.1.3. KEY STRENGTHS

7.1.4. KEY CHALLENGE

7.2. CHAMPION PETFOODS LP

7.2.1. OVERVIEW

7.2.2. PORTFOLIO

7.2.3. KEY STRENGTHS

7.2.4. KEY CHALLENGE

7.3. DIAMOND PET FOODS

7.3.1. OVERVIEW

7.3.2. PORTFOLIO

7.3.3. KEY STRENGTH

7.3.4. KEY CHALLENGE

7.4. FARMINA PET FOODS

7.4.1. OVERVIEW

7.4.2. PORTFOLIO

7.4.3. KEY STRENGTH

7.4.4. KEY CHALLENGE

7.5. HILL’S PET NUTRITION INC

7.5.1. OVERVIEW

7.5.2. PORTFOLIO

7.5.3. KEY STRENGTHS

7.5.4. KEY CHALLENGES

7.6. INABA FOODS CO LTD

7.6.1. OVERVIEW

7.6.2. PORTFOLIO

7.6.3. KEY STRENGTH

7.6.4. KEY CHALLENGE

7.7. MARS PETCARE LTD

7.7.1. OVERVIEW

7.7.2. FINANCIAL ANALYSIS

7.7.3. PORTFOLIO

7.7.4. KEY STRENGTHS

7.7.5. KEY CHALLENGE

7.8. NESTLE PURINA PETCARE

7.8.1. OVERVIEW

7.8.2. PORTFOLIO

7.8.3. KEY STRENGTHS

7.8.4. KEY CHALLENGE

7.9. UNICHARM CORPORATION

7.9.1. OVERVIEW

7.9.2. PORTFOLIO

7.9.3. KEY STRENGTHS

7.9.4. KEY CHALLENGE

7.10. WELLNESS PET COMPANY

7.10.1. OVERVIEW

7.10.2. PORTFOLIO

7.10.3. KEY STRENGTHS

7.10.4. KEY CHALLENGE

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: LIST OF PRODUCT LAUNCHES

TABLE 4: LIST OF ACQUISITIONS

TABLE 5: LATIN AMERICA PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)

TABLE 6: LATIN AMERICA PET FOOD MARKET, BY DOGS, 2023-2030 (IN $ MILLION)

TABLE 7: LATIN AMERICA PET FOOD MARKET, BY CATS, 2023-2030 (IN $ MILLION)

TABLE 8: LATIN AMERICA PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)

TABLE 9: LATIN AMERICA PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)

TABLE 10: LATIN AMERICA PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET MATURITY ANALYSIS

FIGURE 2: INDUSTRY COMPONENTS

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: LATIN AMERICA PET FOOD MARKET, BY ANIMAL TYPE, 2022 & 2030 (IN %)

FIGURE 5: LATIN AMERICA PET FOOD MARKET, BY DOGS, 2023-2030 (IN $ MILLION)

FIGURE 6: LATIN AMERICA PET FOOD MARKET, BY WET DOG FOOD, 2023-2030 (IN $ MILLION)

FIGURE 7: LATIN AMERICA PET FOOD MARKET, BY DRY DOG FOOD, 2023-2030 (IN $ MILLION)

FIGURE 8: LATIN AMERICA PET FOOD MARKET, BY TREATS & MIXES FOR DOGS, 2023-2030 (IN $ MILLION)

FIGURE 9: LATIN AMERICA PET FOOD MARKET, BY CATS, 2023-2030 (IN $ MILLION)

FIGURE 10: LATIN AMERICA PET FOOD MARKET, BY WET CAT FOOD, 2023-2030 (IN $ MILLION)

FIGURE 11: LATIN AMERICA PET FOOD MARKET, BY WET FOOD, 2023-2030 (IN $ MILLION)

FIGURE 12: LATIN AMERICA PET FOOD MARKET, BY TREATS & MIXES FOR CATS, 2023-2030 (IN $ MILLION)

FIGURE 13: LATIN AMERICA PET FOOD MARKET, BY FOOD TYPE, 2022 & 2030 (IN %)

FIGURE 14: LATIN AMERICA PET FOOD MARKET, BY WET FOOD, 2023-2030 (IN $ MILLION)

FIGURE 15: LATIN AMERICA PET FOOD MARKET, BY DRY FOOD, 2023-2030 (IN $ MILLION)

FIGURE 16: LATIN AMERICA PET FOOD MARKET, BY OTHER FOOD TYPES, 2023-2030 (IN $ MILLION)

FIGURE 17: LATIN AMERICA PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2022 & 2030 (IN %)

FIGURE 18: LATIN AMERICA PET FOOD MARKET, BY STORE-BASED, 2023-2030 (IN $ MILLION)

FIGURE 19: LATIN AMERICA PET FOOD MARKET, BY E-COMMERCE, 2023-2030 (IN $ MILLION)

FIGURE 20: LATIN AMERICA PET FOOD MARKET, BY VETERINARY, 2023-2030 (IN $ MILLION)

FIGURE 21: LATIN AMERICA PET FOOD MARKET, BY OTHER DISTRIBUTION CHANNELS, 2023-2030 (IN $ MILLION)

FIGURE 22: LATIN AMERICA PET FOOD MARKET, COUNTRY OUTLOOK, 2022 & 2030 (IN %)

FIGURE 23: BRAZIL PET FOOD MARKET 2023-2030 (IN $ MILLION)

FIGURE 24: MEXICO PET FOOD MARKET 2023-2030 (IN $ MILLION)

FIGURE 25: REST OF LATIN AMERICA PET FOOD MARKET 2023-2030 (IN $ MILLION)

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