Market by Animal Type, Food Type, Distribution Channel, and Country Outlook | Forecast 2023-2030
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
Want to get specific insights? Our team of analysts can customize this
report based on your preferences. Connect with us here.
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VIEW REPORT1. 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
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)
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)