Mexico Pet Snacks And Treats Market Size & Outlook
Mexico pet snacks and treats market, 2018-2030 (US$M)
Related Markets
Mexico pet snacks and treats market highlights
- The Mexico pet snacks and treats market generated a revenue of USD 1,410.5 million in 2023 and is expected to reach USD 2,968.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.2% 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 1,410.5 million |
| Market revenue in 2030 | USD 2,968.7 million |
| Growth rate | 11.2% (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, Mexico accounted for 3.9% 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 North America, U.S. pet snacks and treats market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,421.7 million by 2030.
Eatables was the largest segment with a revenue share of 63.93% in 2023. Horizon Databook has segmented the Mexico pet snacks and treats market based on eatables, chewables covering the revenue growth of each sub-segment from 2018 to 2030.
Dogs emerged as the predominant choice among pet owners in 2021, constituting 70.0% of the overall pet population. Notably, small dogs gained notable popularity within this category. The canine population in 2021 reached 22.6 million, with 65.5% weighing less than 9 kilograms, 29.2% falling within the 9 to 23 kilograms range, and 5.9% exceeding 23 kilograms.
Cats secured the second-largest position in the pet landscape, boasting a population of 6.4 million and accounting for 19.7% of the total pet population. These trends highlight the dynamic growth and evolving preferences within Mexico's pet ownership landscape.
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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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Mexico pet snacks and treats market size, by product, 2018-2030 (US$M)
Mexico Pet Snacks And Treats Market Outlook Share, 2023 & 2030 (US$M)
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