Latin America Pet Food Market Size & Outlook, 2022-2030
Latin America pet food market, 2018-2030 (US$M)
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Latin America pet food market highlights
- The Latin America pet food market generated a revenue of USD 17,748.1 million in 2022.
- The market is expected to grow at a CAGR of 4.9% from 2023 to 2030.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 17,748.1 million |
| Market revenue in 2030 | USD 25,950.1 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | |
| Key market players worldwide | JM Smucker Co, Nestle Purina Petcare, Mars Group Holdings Corp, Colgate-Palmolive Co, General Mills Inc, The Hartz Mountain Corporation, Lupus Foder, Total Alimentação, WellPet Humane |
Other key industry trends
- In terms of revenue, Latin America region accounted for 17.9% of the global pet food market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 28,240.9 million by 2030.
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Pet Food Market Scope
Pet Food Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America pet food market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pet food market will help companies and investors design strategic landscapes.
The pet food market has a strong presence in developed economies and is estimated to shift from North America and Europe to emerging economies in the near future. The Central & South American market is promising, and estimated to witness significant growth over the forecast period due to the growing population of cats and dogs in the region, resulting in a rise in pet food production.
A majority of the pet food products in the region are imported from countries such as Mexico and the U.S. The region is anticipated to witness a strong product demand owing to the expanding pet food industry, primarily in Brazil, Argentina, and Chile.
The global market players are attempting to increase their footprint in Brazil by forming strategic alliances and joint ventures with domestic companies. This is likely to have a positive influence on the pet food market in the coming years.
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Our clientele includes a mix of pet food market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pet food market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pet food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America Pet Food Market Outlook Share, 2022 & 2030 (US$M)
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