Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Latin America Pet Food Market Size

The Latin America pet food market reached a value of around USD 12.38 billion in 2023. The market is further expected to grow at a CAGR of 3.7% between 2024 and 2032 and attain nearly USD 15.42 billion by 2032.

 

Latin America Pet Food Market Report Snapshots

Latin America Pet Food Market Size

Latin America Pet Food Market Analysis

Latin America Pet Food Companies

 

*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 2024, the market attained a value of nearly USD 12.38 billion.

The market is estimated to grow at a CAGR of 3.7% between 2025 and 2034.

Pet food is crucial to ensure the overall wellbeing of pets, repair damaged cells, and maintain bone and joint health. Moreover, it boosts the immunity of pets while reducing the risk of preventable diseases.

The major product types in the market are dry pet food, wet and canned pet food, and snacks and treats, among others.

The market is being invigorated by the rising pet ownership, the growing trend of pet humanisation, and the increasing focus on preventative health measures for pets.

Dogs are the most popular domesticated animals in Latin America, with Argentina, Mexico, and Brazil being the countries with the highest dog population in the region. In addition, the growing middle-class population and the rising adoption of pets as substitutes for children are likely to boost the adoption of dogs.

The significant price categories in the market include economy, mid-priced, premium, therapeutic, and non-therapeutic.

The Latin America market for pet food is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 15.42 billion by 2034.

The major regions in the market are Brazil, Argentina, and Mexico.

The several distribution channels in the market are speciality stores, supermarkets and hypermarkets, and online stores, among others.

The market is expected to be aided by the increasing R&D activities, the growing demand for pet food through online channels, and the surging demand for pet food with excellent flavour and nutrition profiles.

The major players in the market are Mars Inc., Nestlé SA, Archer Daniels Midland Company, BRF SA., Metrive S.A., Petfood Saladillo S.A., and PremieRpet, among others.

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