The word “pet food” refers to speciality foods made especially for feeding domesticated animals, such as cats and dogs. Pet meals often consist of grains, meat, poultry, vitamins, minerals, and other forms of nutrition. Pet food is available in attractive colours, shapes, and sensory characteristics to further appeal to animals and their owners. Pet owners are increasingly selecting meals for their animals in order to ensure their general well-being. Fresh pet food is growing in popularity because it’s easier to digest, higher in energy, and requires less upkeep of gardens. They consist of things like fruits, vegetables, meats, and bones that are either raw or chilled.
According to SPER Market Research, ‘South America Pet Food Market Size – By Pet Type, By Product Type, By Ingredient Type, By Price Category, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the South America Pet Food Market is estimated to reach USD 39.65 billion by 2033 with a CAGR of 12.04%.
Drivers:
The increasing pet population, the expanding tendency of pet humanization, and the rising cost of pet ownership are all beneficial to the sector. In addition, as people become more aware of the benefits of preventative animal healthcare, there is an increasing demand for pet foods. In addition, the market is expanding as a result of the rising popularity of pets and the rising use of functional ingredients in food items. The rapid releases of vegan, transparent, non-GMO, and clean-labeled pet food products—which are gaining popularity among pet owners—are contributing to the industry’s expansion.
Restraints:
Food poisoning occurs in pets that eat tainted food. So, microbial contamination is major challenge. The high price of specialist goods is a significant barrier to the growth of the pet food sector in South America. People prefer unpackaged food since it is less expensive, particularly in developing countries like Brazil and Mexico where the pet food inflation has driven up the cost of premium packaging. The quality of pet food is the main barrier to the market’s growth. The majority of natural temperature and humidity fluctuations have an impact on the food’s quality since pet owners are so concerned about giving their animals nutritious food. The government’s stringent adoption regulations are lowering adoption rates, which is impacting the growth of the pet food sector.
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COVID-19 has a substantial detrimental impact on pets because, as the pandemic has demonstrated, pet owners are increasingly abandoning their animals. Many pet owners considered abandoning their animals due to the virus’s proliferation among animals. People were profoundly affected by the pandemic, resulting in an increase in pet adoption in the area. Pet adoption rates were higher in nations such as Brazil and Mexico. To prevent the spread of the COVID-19 virus, several individuals vaccinated their pets.
Brazil is South America’s largest pet food market, accounting for 63.6% of the total by 2022. Brazil’s dominance stems largely from its sizable pet population. Mars Inc, Nestlé SA, Archer Daniels Midland Company, BRF SA, Metrive S.A., and others are among the market’s leading players.
South America Pet Food Market Segmentation
By Pet Type: Based on the Pet Type, South America Pet Food Market is segmented as; Dog Food, Cat Food, Others.
By Product Type: Based on the Product Type, South America Pet Food Market is segmented as; Dry Pet Food, Wet and Canned Pet Food, Snacks and Treats.
By Ingredient Type: Based on the Ingredient Type, South America Pet Food Market is segmented as; Animal Derived, Plant Derived.
By Price Category: Based on the Price Category, South America Pet Food Market is segmented as; Economy, Mid-Priced, Premium, Therapeutic, Non-Therapeutic.
By Distribution Channel: Based on the Distribution Channel, South America Pet Food Market is segmented as; Specialty Stores, Supermarkets and Hypermarkets, Online Stores, Others.
By Region: This research also includes data for Chile, Brazil, Rest of South America.
For More Information, refer to below link:-
South America Pet Food Market Outlook
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