Argentina Pet Food Market Size

The Argentina pet food market is experiencing significant growth, driven by factors such as increasing pet ownership and the pet humanization trend. The market's expansion is reflected in the substantial share held by the dog food segment, which is the largest in the country, as pet owners transition from home-cooked meals to commercial options. Cats also represent a significant portion of the market, with their popularity rising due to changing attitudes and low maintenance needs. Additionally, the market for other pets, including birds and small mammals, is growing, highlighting the diverse nutritional requirements across different pet categories.

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Market Size of argentina pet food Industry

Argentina Pet Food Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.50 Billion
svg icon Market Size (2029) USD 3.15 Billion
svg icon Largest Share by Pets Dogs
svg icon CAGR (2024 - 2029) 16.00 %
svg icon Fastest Growing by Pets Dogs

Major Players

Argentina Pet Food Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Argentina Pet Food Market Analysis

The Argentina Pet Food Market size is estimated at USD 1.5 billion in 2024, and is expected to reach USD 3.15 billion by 2029, growing at a CAGR of 16% during the forecast period (2024-2029).

1.50 Billion

Market Size in 2024 (USD)

3.15 Billion

Market Size in 2029 (USD)

21.32 %

CAGR (2017-2023)

16.00 %

CAGR (2024-2029)

Largest Market by Product

66.48 %

value share, Food, 2022

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The increasing pet ownership and the increased demand for commercial pet foods to meet daily dietary requirements for pets have promoted its market growth.

Largest Market by Animal

70.38 %

value share, Dogs, 2022

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The higher population of dogs and the increased demand for dry pet food, dog treats, and veterinary diets in the country have primarily contributed to the growth of the market.

Fastest-growing Market by Product

18.69 %

Projected CAGR, Pet Treats, 2023-2029

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The increasing awareness, the vital role of treats in training, rewarding, and supporting the well-being of pets, and consumer focus on pet health are driving the market growth.

Fastest-growing Market by Animal

17.04 %

Projected CAGR, Dogs, 2023-2029

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Due to the higher ownership rates of dogs and the growing interest among owners in premium dog foods, pet product launches are increasingly related to dogs.

Leading Market Player

29.30 %

market share, Nestle (Purina), 2022

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Nestle (Purina) is the market leader because of the extensive product innovations in the country, and it has launched products under pet food and pet nutraceuticals segments.

The shift from home-cooked food to commercial pet food and the rise in pet humanization are driving the market

  • Argentina is one of the major pet food markets in South America. It accounted for a 10.0% share of the region's pet food market in 2022, which increased by 171.9% between 2017 and 2022. This growth is due to the country's changing economic and social landscape, increasing pet ownership, and the pet humanization trend.
  • The dog food segment has the largest share of the country's pet food market, with a market value of USD 810.5 million in 2022. It is anticipated to reach USD 2,385.4 million in 2029. This significant share and growth is associated with a significant number of pet owners shifting from home-cooked food to commercial pet food in the country. Dogs have a significant share of the country's pet population, as they accounted for 23.1% in 2022, whereas cats accounted for 10.3%. There is a growing trend toward premium dog food products.
  • Cats held the second-largest share in the country's pet food market, accounting for 16.8% in 2022, which increased by 159.3% between 2017 and 2022. This growth is due to the increase in the cat population by 8.0% between 2017 and 2022, changing attitudes toward cats among pet owners, and the rise in popularity due to their low maintenance requirements.
  • The other animals include birds, small mammals, rodents, and ornamental fish. These animals have unique nutritional requirements that need to be fulfilled through specialized pet food products. In 2022, they accounted for USD 150.9 million.
  • The increasing usage of commercial foods, the rise in pet humanization, and the growing population of pets in the country are anticipated to drive the pet food market during the forecast period with a CAGR of 15.7%.
Argentina Pet Food Market

Argentina Pet Food Industry Segmentation

Food, Pet Nutraceuticals/Supplements, Pet Treats, Pet Veterinary Diets are covered as segments by Pet Food Product. Cats, Dogs are covered as segments by Pets. Convenience Stores, Online Channel, Specialty Stores, Supermarkets/Hypermarkets are covered as segments by Distribution Channel.

  • Argentina is one of the major pet food markets in South America. It accounted for a 10.0% share of the region's pet food market in 2022, which increased by 171.9% between 2017 and 2022. This growth is due to the country's changing economic and social landscape, increasing pet ownership, and the pet humanization trend.
  • The dog food segment has the largest share of the country's pet food market, with a market value of USD 810.5 million in 2022. It is anticipated to reach USD 2,385.4 million in 2029. This significant share and growth is associated with a significant number of pet owners shifting from home-cooked food to commercial pet food in the country. Dogs have a significant share of the country's pet population, as they accounted for 23.1% in 2022, whereas cats accounted for 10.3%. There is a growing trend toward premium dog food products.
  • Cats held the second-largest share in the country's pet food market, accounting for 16.8% in 2022, which increased by 159.3% between 2017 and 2022. This growth is due to the increase in the cat population by 8.0% between 2017 and 2022, changing attitudes toward cats among pet owners, and the rise in popularity due to their low maintenance requirements.
  • The other animals include birds, small mammals, rodents, and ornamental fish. These animals have unique nutritional requirements that need to be fulfilled through specialized pet food products. In 2022, they accounted for USD 150.9 million.
  • The increasing usage of commercial foods, the rise in pet humanization, and the growing population of pets in the country are anticipated to drive the pet food market during the forecast period with a CAGR of 15.7%.
Pet Food Product
Food
By Sub Product
Dry Pet Food
By Sub Dry Pet Food
Kibbles
Other Dry Pet Food
Wet Pet Food
Pet Nutraceuticals/Supplements
By Sub Product
Milk Bioactives
Omega-3 Fatty Acids
Probiotics
Proteins and Peptides
Vitamins and Minerals
Other Nutraceuticals
Pet Treats
By Sub Product
Crunchy Treats
Dental Treats
Freeze-dried and Jerky Treats
Soft & Chewy Treats
Other Treats
Pet Veterinary Diets
By Sub Product
Diabetes
Digestive Sensitivity
Oral Care Diets
Renal
Urinary tract disease
Other Veterinary Diets
Pets
Cats
Dogs
Other Pets
Distribution Channel
Convenience Stores
Online Channel
Specialty Stores
Supermarkets/Hypermarkets
Other Channels
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Argentina Pet Food Market Size Summary

The Argentina pet food market is a significant player in the South American region, driven by a combination of economic changes, increasing pet ownership, and the trend of pet humanization. The market is characterized by a strong preference for dog food, which holds the largest share due to a shift from home-cooked meals to commercial options. This shift is fueled by the growing number of dog owners and the rising demand for premium dog food products. Cats also represent a substantial segment of the market, with their popularity increasing as attitudes towards them evolve and their low maintenance needs become more appealing to pet owners. The market also caters to other animals such as birds, small mammals, and ornamental fish, each requiring specialized nutrition.

The market is experiencing robust growth, with a notable increase in overall expenditure on pet food, reflecting the expanding pet population and the rising demand for premium products. The retail landscape is evolving, with a significant shift towards e-commerce, driven by the pandemic and the competitive nature of pet shops and superstores. The market is moderately consolidated, with major players like ADM, Agroindustrias Baires, Colgate-Palmolive Company, Mars Incorporated, and Nestle dominating the scene. Recent product launches, such as Hill's Pet Nutrition's new MSC certified products and Nestle Purina's cat treats, highlight the ongoing innovation and adaptation to consumer preferences in the Argentine pet food market.

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Argentina Pet Food Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Pet Food Product

      1. 1.1.1 Food

        1. 1.1.1.1 By Sub Product

          1. 1.1.1.1.1 Dry Pet Food

            1. 1.1.1.1.1.1 By Sub Dry Pet Food

              1. 1.1.1.1.1.1.1 Kibbles

              2. 1.1.1.1.1.1.2 Other Dry Pet Food

          2. 1.1.1.1.2 Wet Pet Food

      2. 1.1.2 Pet Nutraceuticals/Supplements

        1. 1.1.2.1 By Sub Product

          1. 1.1.2.1.1 Milk Bioactives

          2. 1.1.2.1.2 Omega-3 Fatty Acids

          3. 1.1.2.1.3 Probiotics

          4. 1.1.2.1.4 Proteins and Peptides

          5. 1.1.2.1.5 Vitamins and Minerals

          6. 1.1.2.1.6 Other Nutraceuticals

      3. 1.1.3 Pet Treats

        1. 1.1.3.1 By Sub Product

          1. 1.1.3.1.1 Crunchy Treats

          2. 1.1.3.1.2 Dental Treats

          3. 1.1.3.1.3 Freeze-dried and Jerky Treats

          4. 1.1.3.1.4 Soft & Chewy Treats

          5. 1.1.3.1.5 Other Treats

      4. 1.1.4 Pet Veterinary Diets

        1. 1.1.4.1 By Sub Product

          1. 1.1.4.1.1 Diabetes

          2. 1.1.4.1.2 Digestive Sensitivity

          3. 1.1.4.1.3 Oral Care Diets

          4. 1.1.4.1.4 Renal

          5. 1.1.4.1.5 Urinary tract disease

          6. 1.1.4.1.6 Other Veterinary Diets

    2. 1.2 Pets

      1. 1.2.1 Cats

      2. 1.2.2 Dogs

      3. 1.2.3 Other Pets

    3. 1.3 Distribution Channel

      1. 1.3.1 Convenience Stores

      2. 1.3.2 Online Channel

      3. 1.3.3 Specialty Stores

      4. 1.3.4 Supermarkets/Hypermarkets

      5. 1.3.5 Other Channels

Argentina Pet Food Market Size FAQs

The Argentina Pet Food Market size is expected to reach USD 1.50 billion in 2024 and grow at a CAGR of 16% to reach USD 3.15 billion by 2029.

In 2024, the Argentina Pet Food Market size is expected to reach USD 1.50 billion.

Argentina Pet Food Market Report Snapshots

Argentina Pet Food Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029