Latin America Pet Food Market Research Report 2022
Bharat Book Bureau Provides the Trending Market Research Report on “Latin America Pet Food Market Report and Forecast 2022-2027” under Consumer Goods Market Research Reports Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
According to the report by Bharat Book Bureau, the Latin America Pet Food Market size reached a value of around USD 11970 million in 2021. The market is further expected to grow at a CAGR of 3.7% between 2022 and 2027 and attain nearly USD 14871 million by 2027.
Pet food are speciality foods that are manufactured according to the nutritional needs of specific domestic animals such as dogs, cats, birds, and fishes, among many other pets. These foods are comprised of minerals, vitamins, grains, and meats, among other ingredients. There are thousands of options available for pet owners.
The Latin American pet food market has developed significantly due to increasing presence of major international players, such as Archer Daniels Midland and Nestle. Major companies have started expanding their production plants to solidify their position in the growing Mexican pet food market.
Pet adoption rate has surged in the Latin American region. The rising spending power of people in Latin America has been a major trend in the Latin America pet food market. People are becoming more aware of the nutritional needs of pets and preventive measures to keep their pets healthy.
With the rising pet adoption rates, regulatory agencies are maintaining the ingredients used in pet food, ensuring the quality of the product. This further bolsters the market growth.
The COVID-19 pandemic significantly affected the pet food market as pet adoption rates surged during the lockdowns. During this period, people were increasingly using online shopping platforms to order and get products safely. This helped the e-commerce industry to flour and look at the convenience and enhanced reach provided by these platforms; many companies started providing their products on online shopping platforms.
The market can be divided on the basis of pet type, product type, ingredient type, price category, distribution channel, and major countries.
Market Breakup by Pet Type
Market Breakup by Product Type
•Dry Pet Food
•Wet and Canned Pet Food
•Snacks and Treats
Market Breakup by Ingredient Type
Market Breakup by Price Category
Market Breakup by Distribution Channels
•Supermarkets and Hypermarkets
Market Breakup by Country
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the pet food companies. Some of the major key players explored in the report by Bharat Book Bureau are as follows:
•Archer Daniels Midland Company
•Petfood Saladillo S.A.
Browse our full report with Table of Content :
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