Brazil Pet Snacks And Treats Market Size & Outlook
Brazil pet snacks and treats market, 2018-2030 (US$M)
Related Markets
Brazil pet snacks and treats market highlights
- The Brazil pet snacks and treats market generated a revenue of USD 1,808.3 million in 2023 and is expected to reach USD 4,016.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, eatables was the largest revenue generating product in 2023.
- Chewables is the most lucrative product segment registering the fastest growth during the forecast period.
Pet snacks and treats market data book summary
| Market revenue in 2023 | USD 1,808.3 million |
| Market revenue in 2030 | USD 4,016.1 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | Eatables |
| Fastest growing segment | Chewables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Eatables, Chewables |
| Key market players worldwide | Mars Group Holdings Corp, Nestle SA, JM Smucker Co, General Mills Inc, Colgate Palmolive, Nestle Purina Petcare, Spectrum Brands Holdings Inc, Wellness Pet Company, VAFO Group |
Other key industry trends
- In terms of revenue, Brazil accounted for 5.0% of the global pet snacks and treats market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil pet snacks and treats market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 4,016.1 million by 2030.
Eatables was the largest segment with a revenue share of 63.93% in 2023. Horizon Databook has segmented the Brazil pet snacks and treats market based on eatables, chewables covering the revenue growth of each sub-segment from 2018 to 2030.
An expanding middle class, which comprises 81% of Brazilian households, is the main reason for the high pet population. Based on a study by the Brazil Pet Institute, annual spending on the pet industry amounted to USD 5.4 billion in 2020, representing an increase of 13.5% in revenues compared to 2019, and has nearly doubled since 2015.
This increased spending on pets, coupled with the rising prevalence of pet diseases and nutritional deficiencies, is boosting the demand for pet snacks & treats that are aimed at providing complete nutrition and energy. Companies such as Oven Baked Tradition, Dentalife, Doguitos, Zeus, Ikai, Master Dog, and All Green offer various treats to provide pets with nutrition, energy, and oral care.
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Pet Snacks And Treats Market Scope
Pet Snacks And Treats Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil pet snacks and treats market size, by product, 2018-2030 (US$M)
Brazil Pet Snacks And Treats Market Outlook Share, 2023 & 2030 (US$M)
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