Pet food is a term used to describe specialist food items produced specifically for feeding domesticated animals like dogs and cats. Typical ingredients found in pet diets include grains, meat, poultry, minerals, vitamins, and sources of nutrients. To further appeal to pets and their owners, pet food is offered in enticing hues, forms, and sensory profiles. More and more pet parents are choosing pet food to guarantee their pets' overall health and wellness. Fresh pet meals are becoming more and more popular since they are thought to provide more energy, be easier to digest, and require less garden maintenance. They comprise raw or chilled foods such fruits, vegetables, meats, and bones.
South America Pet Food Market Driving Factors and Challenges
Driving Factors- The industry is being helped by the growing trend of pet humanization, the growing pet population, and the rising pet expenditure. Additionally, there is a growing demand for pet foods as a result of growing knowledge of the value of preventative health care for animals. Furthermore, the market is developing due to the growing use of pets and the increasing inclusion of functional substances in food products. The industry is expanding due in part to the explosive releases of vegan, transparent, non-GMO, and clean-labeled pet food products, which are becoming more and more popular among pet owners.
Challenges- Microbial contamination is major challenge. Pets who consume contaminated food get food sickness. Another major factor impeding the South American pet food market's growth is the high cost of speciality goods. People prefer unpackaged food because it is more affordable, especially in central nations like Brazil and Mexico where pet food inflation has caused premium packaging to command higher pricing. The primary obstacle to the market's expansion is the quality of pet food. Because pet owners are so concerned about feeding their animals healthy food, most natural temperature and humidity variations have an effect on the food's quality. The adoption rate is declining as a result of the government's strict adoption laws, which is having an effect on the expansion of the pet food industry.
Impact of COVID-19 on South America Pet Food Market
COVID-19 has a significant negative effect on pets because, as the epidemic has shown, pet owners are increasingly giving up on their animals. Many pet owners considered giving up on their animals as a result of the virus spreading among animals. People were greatly affected by the pandemic, which led to a rise in pet adoption in the area. The highest percentage of pet adoption occurred in nations like Brazil and Mexico. To stop the COVID-19 virus from spreading, many people vaccinated their dogs.
South America Pet Food Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Mars Inc, Nestlé SA, Archer Daniels Midland Company, BRF SA, Metrive S.A, Petfood Saladillo S.A, PremieRpet, Others.
South America Pet Food Market Segmentation:
By Pet Type: Based on the Pet Type, South America Pet Food Market is segmented as; Dog Food, Cat Food, Others.
By Product Type: Based on the Product Type, South America Pet Food Market is segmented as; Dry Pet Food, Wet and Canned Pet Food, Snacks and Treats.
By Ingredient Type: Based on the Ingredient Type, South America Pet Food Market is segmented as; Animal Derived, Plant Derived.
By Price Category: Based on the Price Category, South America Pet Food Market is segmented as; Economy, Mid-Priced, Premium, Therapeutic, Non-Therapeutic.
By Distribution Channel: Based on the Distribution Channel, South America Pet Food Market is segmented as; Specialty Stores, Supermarkets and Hypermarkets, Online Stores, Others.
By Region: This research also includes data for Chile, Brazil, Rest of South America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.