Latin America Pet Food Market (2019-2025) | Value, Analysis, Industry, Growth, Size, Trends, Forecast, Companies, Outlook, Revenue & Share

Latest 2021 Developments

Latin America Pet Food Market has seen latest developments which include the introduction of products specific to the breed, age and size of pets in smaller, disposable, single-serve containers in order to offer convenience to both the pets and owners. Apart from this, pet food companies are developing organic variants which are made using ingredients that are grown without the use of pesticides, synthetic fertilizers, hormones or antibiotics. This has increased consumer’s interest in natural formulations. With the Brazilian pet food market growing and a rise in the demand for innovative pet products, the ingredient suppliers are required to be registered at the MAPA’s Department of Animal Production Inspection and Development (DFIP) as a prerequisite for exporting to Brazil.

Mergers and Acquisitions:

• In October 2020, B&G Foods, Inc. agreed to acquire the Crisco oils and shortening business from The J.M. Smucker Co.
• On November 18, 2020, Clearlake Capital Group, L.P. announced that it had signed a definitive agreement to acquire The Wellness Pet Food Holdings Company, Inc.

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The Latin American pet food market is witnessing substantial growth due to the growing middle-class population, rapid urbanization, and growing awareness among owners about the nutritious and organic food for pets. Furthermore, the number of pest populations in the Latin America region has risen significantly over the past four years resulting in a surge in demand for the pet food market.

According to 6Wresearch, Latin America Pet Food Market size is projected to witness tremendous growth during 2019-25. Brazil accounts for a major share in market demand for the pet food market in the region and is expected to remain the same over the forecast period as well, due to the high pet ownership ratio in the country. Brazil accounts for slightly over two-thirds of all pet food sold in the Latin America region.

Based on pet types, dog food dominates the market due to higher dog ownership as pets. Based on product types, canned pet food and dry pet food represents the most popular product types as it is durable and hassle-free and there is no spillage while providing it to pets.

The Latin America Pet Food market report thoroughly covers the market by pet types, product types, ingredient types, distribution channels, and countries including Brazil, Mexico, Argentina, and the rest of Europe. The Latin America pet food market outlook report provides an unbiased and detailed analysis of the on-going Latin America pet food market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The Latin America pet food market has been feeding the pet animals which going to include the plant or animal items in the content. The ingredients which going to used are the higher-quality and premium pet food is more digestible and used the contain more nutrients. In this system, better digestibility and good nutrients will be going to absorb by the system. The food of low quality and fewer ingredients is less digestible and needs the quick of the pet’s system.

In Latin America, pet ownership is rising as per capita of disposable income are the main factors that are going to driving the demand of the foods. There are made awareness or benefits of the pet foods item many pet owners now use to take the pet foods items. The Latin America pet food market is segmented into the many food ingredients, geography, animal type these segments into the sub-segmented ingredient such as Animal: Dog, Cat, Bird, Other animals, Additives: Animal Derivatives, Vitamins & Minerals, Fruits & Vegetables, Fish derivatives, Fats & Oils, Cereals & Cereal by-products.

Latin America pet food market is expected to witness growth throughout the forecast period 2020-26F on the back of rising humanization of pets is expected to register potential growth of the Latin America pet food market on the back of increasing love and affection towards pets coupled with treating them as family members and would propel the significant demand for the pet food. Moreover, on the basis of country, Brazil pet food market is expected to dominate the overall market revenues owing to rising pet obesity prevention which is leading to providing them nutritional food coupled with increasing healthy life of their pets which is essential for the growth of pets and is expected to drive the significant demand for the pet food and would benefit the growth of Latin America pet food market garner potential revenues during the forecast period.

Key Highlights of the Report:

• Latin America Pet Food Market Overview
• Latin America Pet Food Market Outlook
• Latin America Pet Food Market Forecast
• Historical Data of Latin America Pet Food Market Revenues & Volume for the Period 2015-2018
• Latin America Pet Food Market Size and Latin America Pet Food Market Forecast of Revenues & Volume, Until 2025
• Historical Data of Latin America Pet Food Market Revenues and Volume, By Pet Types, for the Period 2015-2018
• Market Size & Forecast of Latin America Pet Food Market Revenues and Volume, By Pet Types, Until 2025
• Historical Data of Latin America Pet Food Market Revenues and Volume, By Product Types, for the Period 2015-2018
• Market Size & Forecast of Latin America Pet Food Market Revenues and Volume, By Product Types, Until 2025
• Historical Data of Latin America Pet Food Market Revenues and Volume, By Distribution Channels, for the Period 2015-2018
• Market Size & Forecast of Latin America Pet Food Market Revenues and Volume, By Distribution Channels, Until 2025
• Historical Data of Latin America Pet Food Market Revenues and Volume, By Ingredient Types, for the Period 2015-2018
• Market Size & Forecast of Latin America Pet Food Market Revenues and Volume, By Ingredient Types, Until 2025
• Historical Data of Mexico Pet Food Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Mexico Pet Food Market Revenues and Volume, Until 2025
• Historical Data of Brazil Pet Food Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Brazil Pet Food Market Revenues and Volume, Until 2025
• Historical Data of Argentina Pet Food Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Argentina Pet Food Market Revenues and Volume, Until 2025
• Market Drivers and Restraints
• Latin America Pet Food Market Price Trends
• Latin America Pet Food Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Latin America Pet Food Market Share, By Countries
• Latin America Pet Food   Market Share, By Players
• Latin America Pet Food Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Latin America pet food market report provides a detailed analysis of the following market segments:

• By Pet Types:
  • Dog
  • Cat
  • Birds
  • Aquaria
  • Others
• By Product Types:
  • Dry Pet Food
  • Wet Pet food
  • Canned Pet Food
  • Snacks and Treats
  • Other
• By Ingredient Types:
  • Animal Derived
  • Plant-Derived
  • Other ingredient types
• By Distribution Channels:
  • Wholesaler
  • Specialized Pet shops
  • Retailer
  • Online
  • Other
• By Countries:
• Mexico
• Brazil
• Argentina
• Rest of Latin America

Other Key Reports Available:

• Brazil Pet Food Market Report
• Mexico Pet Food Market Report
• Argentina Pet Food Market Report