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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Chile Pet Food Market Outlook
The Chile pet food market size reached approximately USD 1633 million in 2023. The market is projected to grow at a CAGR of 5.90% between 2024 and 2032, reaching a value of around USD 2587.1 million by 2032.
Key Takeaways
- With the rising adoption of companion animals, pet ownership in Chile has significantly increased, especially dog ownership.
- Chile imported $417 million worth of animal food in 2022, ranking as the 32nd largest importer globally. In the same year, animal food remained the 40th most imported item in Chile.
- Argentina, the US, China, Brazil, and the Netherlands are the primary locations for Chile for importing animal food.
The increasing ownership of pets in Chile is fuelling the Chile pet food market growth. A growing number of Chilean families are welcoming pets into their homes for a variety of reasons. In response to the surge in mental health issues, doctors are recommending pet adoption, as it is believed that animals can help alleviate conditions like anxiety, stress, and depression. Moreover, the COVID-19 pandemic has positively influenced companion animal adoption rates, leading to a higher market demand.
As the number of pets in Chilean households continues to rise, reaching a staggering population of 12.5 million dogs and cats in the year 2023 , the demand for pet food has experienced a significant surge. Pet owners in Chile are increasingly prioritising the nutritional needs of their beloved companions, recognising the importance of providing them with high-quality sustenance, consequently driving up the Chile pet food market share.
The Chilean government has been actively taking measures to ensure the distribution of high-quality animal feed and pet food products within the country. According to the Agricultural and Livestock Service of Chile, more than 147 new imported pet food product varieties were authorised and registered in the local market in 2021. Out of these, 69% were dog food products, while the remaining were cat food products. Royal Canin Argentina and Royal Canin Brasil are some of the leading companies in the premium pet food segment. They together registered 32 new prescription products in the Q1 of 2021. Some of these products belong to the VHN veterinary line and cater to both dogs and cats.
Market Segmentation
Chile Pet Food Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Dog Food
- Cat Food
- Others
Market Breakup by Product Type
- Dry Pet Food
- Wet and Canned Pet Food
- Snacks and Treats
Market Breakup by Price
- Mass Products
- Premium Products
Market Breakup by Ingredient Type
- Animal Derived
- Plant Derived
Market Breakup by Distribution Channel
- Hypermarkets and Supermarkets
- Speciality Stores
- Online
- Others
Competitive Landscape
The market participants are increasingly focusing on the production of nutrient-rich and organic pet foods to meet the diverse needs of their customers.
- Mars Incorporated
- Nestlé S.A.
- Total Alimentos SA
- PremieRpet®
- Hill's Pet Nutrition, Inc.
- The J.M. Smucker Company
- General Mills Inc.
- Schell & Kampeter, Inc.
- Alphia, Inc.
- Unicharm Corporation
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Product Type |
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| Breakup by Price |
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| Breakup by Ingredient Type |
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| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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
In 2023, the market reached an approximate value of USD 1633 million.
The market is estimated to grow at a CAGR of 5.90% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 2587.1 million by 2032.
The major factors contributing to the market growth are the surge in disposable incomes and the heightened focus on pet health.
The key trends in Chile’s pet food market are the growing demand for premium pet foods and the rising number of pet adoptions.
The major types in the market are dog food, cat food, and others.
The major distribution channels in the market are supermarket/hypermarket, speciality stores, and online, among others.
The major players in the market are Mars Incorporated, Nestlé S.A., Total Alimentos SA, PremieRpet®, Hill's Pet Nutrition, Inc., The J.M. Smucker Company, General Mills Inc., Schell & Kampeter, Inc., Alphia, Inc., and Unicharm Corporation, among others.
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