The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreApr 2017
US$1,325Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
Growing middle classes, the spread of certain diseases associated with dogs and cats as well as rapid urbanisation are fuelling the massive increase in size in both value and volume of the pet food market in Latin America. Due to these factors, Latin America has outperformed all other regions in terms of CAGR during the period from 2011 to 2016. The strong market size and performance of Brazil is largely responsible for fuelling this growth.
Files are delivered directly into your account within a few minutes of purchase.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
With the exception of Costa Rica, dog and cat food sales far exceed sales of other types of pet food. This is good for the market as dogs and cats are much more expensive to feed than other pets, especially dogs.
Pets are mainly kept by individuals and families living in urban areas. Hence, rapid urbanisation in Latin America due to migration from poorer rural areas is very good news for the pet food industry across the continent. The spread of diseases associated with dogs and cats in the region is particularly concerning for pet owners and is contributing to the growth of prescribed food, which in turn is helping the nutritious pet food market to grow. In addition, increasing consciousness regarding pet health increases the demand for nutritious pet food in Latin America. Finally, the region has recently started to see increased demand for premium pet food products.
Brazil is the third largest pet food market in the world after the US and China. Future growth projections indicate that Brazil is forecast to maintain its position among the top 10 biggest markets throughout the forecast period to 2021. Mexico also ranks highly and is not far behind. Slightly over two thirds of all pet food sold in Latin America is sold in Brazil.
There is an enormous difference in the volume of pet food being sold in the major economies of the region such as Brazil, Mexico and Argentina in comparison to the smaller ones such as Uruguay, the Dominican Republic and Bolivia. The market in these countries is negligible and is remaining fairly constant.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.