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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Chile Pet Care Market Size
The Chile pet care market size was around USD 1,834.2 million in 2023. The market is estimated to grow at a CAGR of 5.9% during 2024-2032 to reach a value of USD 2,587.1 million by 2032.
Key Takeaways
- In 2022, there were approximately 12.5 million dogs and cats residing with their respective owners in Chile.
- A large percentage of households in Chile consider their pets an integral part of their family and modify their homes for their well-being.
- The improving economic conditions and increasing innovations in the pet food market of the country are encouraging pet owners to opt for value-added products, besides essentials.
Owing to the Law on Responsible Pet and Companion Animal Ownership in Chile, which has been in full force since February 2019, pet owners are restraining from abandoning their pets and taking a higher level of responsibility for their welfare. The younger generation of pet owners strongly focus on the well-being of their animals and have increased their expenditure on high-quality pet care products.
In 2021, the import of animal feed accounted to USD 450 million, representing an increase of 69.9% compared to 2020. This is majorly due to the increase in pet humanisation and the rise in the number of pets in Chilean households.
Chile Pet Care Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Chile pet care market attained a value of USD 1,834.2 million in 2023.
The market is estimated to grow at a CAGR of 5.9% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 2,587.1 million by 2032.
The different pet types include dogs, cats, fish, and others.
The major distribution channels include supermarkets and hypermarkets, pet stores, veterinary clinic and pet medical shops, online retailers, and others.
The key market drivers include the increasing trend of pet humanization, the rising availability of pet care products through e-commerce channels, and the increasing adoption of pets in Chilean households.
The key players in the market include Empresas Carozzi SA, Empresas Iansa S.A., Proa Sociedad Anónima, Centro Veterinario Y Agrícola Limitada, Nestlé S.A., and Mars, Incorporated, among others.
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