South America Pet Food Market Introduction and Overview
According to SPER Market Research, the South America Pet Food Market is estimated to reach USD 39.65 billion by 2033 with a CAGR of 12.04%.
The report includes an in-depth analysis of the South America Pet Food Market, including market size and trends, product mix, applications, and supplier analysis. Pet food is a type of nutritional product that is specifically developed to suit the dietary needs of domestic animals such as dogs, cats, and other pets. These products are meticulously crafted to provide essential nutrients, vitamins, minerals, and proteins that address the unique health and wellbeing requirements of pets. Each version, such as dry kibble, wet canned food, and treats, is designed to satisfy a wide range of nutritional preferences and requirements. Pet food is made with a focus on balanced nutrition to improve animals' overall well-being by supporting growth, energy levels, immunological function, and the maintenance of good coats and teeth.
- In July 2023, Hill's Pet Nutrition announced new MSC (Marine Stewardship Council) approved pollock and insect protein products for pets with sensitive stomachs and skin lines. They include vitamins, omega-3 fatty acids, and antioxidants.
- Nestle Purina debuted new cat snacks in May 2023 under the Friskies "Friskies Playfuls - treats" brand. These round cat nibbles are available in two flavours: salmon and prawn and chicken and liver.
- In March 2023, PremieRpet debuted Natoo, a line of superpremium, "Protein-packed" meal toppers/treats for dogs and cats. These are manufactured in PremieRpet's plant in Brazil.
Market Opportunities and Challenges
Opportunities- Growing Pet Food Premiumization Will Present Many Opportunities
Due to the region's expanding middle class and economic progress, pet owners are becoming more willing to spend money on specialty and higher-quality pet food items. Pet owners in Latin America are starting to see their animals as essential members of the family, which is causing a shift in their tastes towards high-end products with higher nutrition, distinctive ingredients, and custom formulas. By taking advantage of this trend, pet food manufacturers may launch high-end brands that satisfy the changing needs and tastes of Latin American customers, creating a profitable market niche and encouraging consumer loyalty. Furthermore, in the vibrant and quickly growing Latin American pet food market, businesses would stand out from rivals, command higher price points, and eventually boost profitability by providing superior products.
Challenges- Regulatory compliance challenges impede market growth and development. While strict regulations safeguard the safety and quality of pet food products, they also pose substantial hurdles for market participants. Compliance with ever-changing rules necessitates significant investments in research, development, and testing, resulting in higher production costs. Furthermore, the varied regulatory landscape among Latin American countries complicates matters, forcing companies to alter their formulations and procedures to satisfy varying standards. Furthermore, lengthy approval processes and onerous documentation requirements impede product innovation and time to market. Furthermore, smaller firms struggle to keep up with compliance requirements, resulting in market consolidation and thus reducing consumer choice. Overall, while regulatory control is critical for consumer safety, it presents a significant obstacle to enterprises operating in the South American Pet Food Market.
Market Competitive Landscape
The market research report also offers a thorough analysis of the competition landscape. The research comprises a competitive analysis of market structure, key player positioning, top winning methods, a competitive dashboard, and a company evaluation quadrant. Additionally, complete biographies of all major corporations have been provided. Mars Inc, Nestlé SA, Archer Daniels Midland Company, BRF SA, Metrive S.A, Petfood Saladillo S.A., and PremieRpet are among the major players.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Pet Type, By Product Type, By Ingredient Type, By Price Category, By Distribution Channel
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| Regions covered | Brazil, Chile, Rest of South America
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| Companies Covered | Mars Inc, Nestlé SA, Archer Daniels Midland Company, BRF SA, Metrive S.A, Petfood Saladillo S.A, PremieRpet.
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COVID-19 Impact on South America Pet Food Market
COVID-19 has a significant impact on pets because owners have largely abandoned their pets, as seen during the epidemic. Because of the virus's proliferation among animals, many pet owners considered abandoning their pets. The post-pandemic period had a profound impact on people, increasing the adoption of pets throughout the region. Countries with the highest pet adoption rates included Brazil and Mexico. Many individuals vaccinated their pets to help stop the spread of COVID.
Key Target Audience:
- Pet Food Manufacturers
- Pet Owners
- Retailers and Distributors
- Veterinary Clinics and Animal Hospitals
- Pet Specialty Stores
- Online Retailers
- Investors and Financial Institutions
- Government and Regulatory Bodies
- Marketing and Advertising Agencies
- Research and Consulting Firms
Our in-depth analysis of the South America Pet Food Market includes the following segments:
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By Pet Type:
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Dog Food
Cat Food
Others
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By Product Type:
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Dry Pet Food
Wet and Canned Pet Food
Snacks and Treats
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By Ingredient Type:
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Plant Derived
Animal Derived
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By Price Category:
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Economy
Mid-Priced
Premium
Therapeutic
Non-Therapeutic
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By Distribution Channel:
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Supermarkets and Hypermarkets
Specialty Stores
Online Stores
Others
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Key Topics Covered in the Report:
- South America Pet Food Market Size (FY’2024-FY’2033)
- Overview of South America Pet Food Market
- Segmentation of South America Pet Food Market by Pet Type (Dog Food, Cat Food, Others)
- Segmentation of South America Pet Food Market by Product Type (Dry Pet Food, Wet and Canned Pet Food, Snacks and Treats)
- Segmentation of South America Pet Food Market by Ingredient Type (Plant Derived, Animal Derived)
- Segmentation of South America Pet Food Market by Price Category (Economy, Mid-Priced, Premium, Therapeutic, Non-Therapeutic)
- Segmentation of South America Pet Food Market by Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, Others)
- Statistical Snap of South America Pet Food Market
- Expansion Analysis of South America Pet Food Market
- Problems and Obstacles in South America Pet Food Market
- Competitive Landscape in the South America Pet Food Market
- Impact of COVID-19 and Demonetization on South America Pet Food Market
- Details on Current Investment in South America Pet Food Market
- Competitive Analysis of South America Pet Food Market
- Prominent Players in the South America Pet Food Market
- SWOT Analysis of South America Pet Food Market
- South America Pet Food Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the South America Pet Food Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South America Pet Food Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South America Pet Food Market
7. South America Pet Food Market, By Pet Type (USD Million) 2020-2033
7.1. South America Pet Food Market Size, Share and Forecast, By Pet Type, 2020-2026
7.2. South America Pet Food Market Size, Share and Forecast, By Pet Type, 2027-2033
7.3. Dog Food
7.4. Cat Food
7.5. Others
8. South America Pet Food Market, By Product Type (USD Million) 2020-2033
8.1. South America Pet Food Market Size, Share and Forecast, By Product Type, 2020-2026
8.2. South America Pet Food Market Size, Share and Forecast, By Product Type, 2027-2033
8.3. Dry Pet Food
8.4. Wet and Canned Pet Food
8.5. Snacks and Treats
9. South America Pet Food Market, By Ingredient Type (USD Million) 2020-2033
9.1. South America Pet Food Market Size, Share and Forecast, By Ingredient Type, 2020-2026
9.2. South America Pet Food Market Size, Share and Forecast, By Ingredient Type, 2027-2033
9.3. Plant Derived
9.4. Animal Derived
10. South America Pet Food Market, By Price Category (USD Million) 2020-2033
10.1. South America Pet Food Market Size, Share and Forecast, By Price Category, 2020-2026
10.2. South America Pet Food Market Size, Share and Forecast, By Price Category, 2027-2033
10.3. Economy
10.4. Mid-Priced
10.5. Premium
10.6. Therapeutic
10.7. Non-Therapeutic
11. South America Pet Food Market, By Distribution Channel (USD Million) 2020-2033
11.1. South America Pet Food Market Size, Share and Forecast, By Distribution Channel, 2020-2026
11.2. South America Pet Food Market Size, Share and Forecast, By Distribution Channel, 2027-2033
11.3. Supermarkets and Hypermarkets
11.4. Specialty Stores
11.5. Online Stores
11.6. Others
12. South America Pet Food Market Forecast, 2020-2033 (USD Million)
12.1. South America Pet Food Market Size and Market Share
13. South America Pet Food Market, By Region, 2020-2033 (USD Million)
13.1. South America Pet Food Market Size and Market Share By Region (2020-2026)
13.2. South America Pet Food Market Size and Market Share By Region (2027-2033)
13.3. Brazil
13.4. Chile
13.5. Rest of South America
14. Company Profile
14.1. Mars Inc
14.1.1. Company details
14.1.2. Financial outlook
14.1.3. Product summary
14.1.4. Recent developments
14.2. Nestlé SA
14.2.1. Company details
14.2.2. Financial outlook
14.2.3. Product summary
14.2.4. Recent developments
14.3. Archer Daniels Midland Company
14.3.1. Company details
14.3.2. Financial outlook
14.3.3. Product summary
14.3.4. Recent developments
14.4. BRF SA
14.4.1. Company details
14.4.2. Financial outlook
14.4.3. Product summary
14.4.4. Recent developments
14.5. Metrive S.A
14.5.1. Company details
14.5.2. Financial outlook
14.5.3. Product summary
14.5.4. Recent developments
14.6. Petfood Saladillo S.A
14.6.1. Company details
14.6.2. Financial outlook
14.6.3. Product summary
14.6.4. Recent developments
14.7. PremieRpet
14.7.1. Company details
14.7.2. Financial outlook
14.7.3. Product summary
14.7.4. Recent developments
14.8. Others
15. Conclusion
16. List of Abbreviations
17. Reference Links