Market Size of south america pet food Industry
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 14.40 Billion |
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Market Size (2029) | USD 25.16 Billion |
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Largest Share by Pets | Dogs |
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CAGR (2024 - 2029) | 11.81 % |
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Largest Share by Country | Brazil |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Pet Food Market Analysis
The South America Pet Food Market size is estimated at USD 14.40 billion in 2024, and is expected to reach USD 25.16 billion by 2029, growing at a CAGR of 11.81% during the forecast period (2024-2029).
14.40 Billion
Market Size in 2024 (USD)
25.16 Billion
Market Size in 2029 (USD)
12.01 %
CAGR (2017-2023)
11.81 %
CAGR (2024-2029)
Largest Market by Product
72.77 %
value share, Food, 2022
Pet owners prefer products such as dry and wet food for optimal nutrition, along with their regular usage for pets to meet daily dietary requirements, which increased its share.
Largest Market by Country
63.65 %
value share, Brazil, 2022
Due to Brazil's higher population, there is high consumer demand for quality pet food and wide product availability compared to other countries, thus increasing the market share.
Fastest-growing Market by Product
14.18 %
Projected CAGR, Pet Veterinary Diets, 2023-2029
The rising prevalence of pet diseases, increased awareness about pet health to support their well-being, and their importance in providing daily nutrition drive the usage of pet foods.
Fastest-growing Market by Country
15.88 %
Projected CAGR, Argentina, 2023-2029
The rising pet ownership rates, improving economic conditions in the country, and increasing disposable incomes among pet owners are driving the market's growth.
Leading Market Player
12.33 %
market share, Mars Incorporated, 2022
Mars, Incorporated is the market leader, primarily focusing on product innovations in the region and launching various pet food lines under the Royal Canin and Nutro brands.
Dogs held the major share due to significant transitioning from home-cooked food to commercial food along with the growing expenditures on dogs
- The South American pet food market increased by 80.7% between 2017 and 2022. The market's growth is associated with the changing economic and social landscape in the region, and the rapid increase in middle-class income levels has resulted in a surge in pet ownership and pet humanization trends, driving the demand for the pet food market.
- The dog food segment holds the largest share of the South American pet food market, with a market value of USD 7.97 billion in 2022. This dominance was associated with a significant number of pet owners transitioning from home-cooked food to commercial pet food in the region, along with the growing expenditures on dogs that increased by 33.8% between 2017 and 2022, leading to a growth of approximately 84.9% in this segment between 2017 and 2022.
- The cat food segment is expected to experience the highest growth rate in the South American pet food market, with a projected CAGR of 12.7% during the forecast period. This is owing to the significant increase in the cat population, which grew by 18.7% between 2017 and 2022. This rise in the number of cats has created a larger consumer base for cat food products. Cats are gaining popularity as pets due to their low maintenance requirements and cost-effectiveness compared to other pets.
- The other animals include birds, small mammals, rodents, and others. These animals have unique nutritional requirements that need to be fulfilled through specialized pet food products. This factor helped the pet food segment for other animals increased by 549.5 million between 2017 and 2022.
- The increasing awareness among pet owners and the growing population of pets in the region is expected to drive the pet food market during the forecast period.
Increasing pet ownership and rising awareness about pet nutrition are driving the market, with Brazil as a dominant country
- The South American pet food market has experienced significant growth in recent years, driven by various factors such as increasing pet ownership, changing consumer preferences, and rising awareness about pet health and nutrition. The market accounted for about 7.1% of the global pet food market in terms of value in 2022.
- Brazil is the largest pet food market in South America, and it accounted for 63.6% of the market in 2022. The domination of Brazil is mainly due to its large pet population. As of 2022, it had a pet population of 156.4 million, accounting for about 58.5% of the South American pet population. With this large pet population, the Brazilian pet food market is anticipated to record a CAGR of 13.3% during the forecast period.
- Argentina is one of the major markets for pet food in South America, which was valued at USD 1.13 billion in 2022. The country's pet food market is shifting toward premiumization. The increasing pet population in the country is anticipated to drive the market at a CAGR of 15.8% during the forecast period, thus making it the fastest-growing market among other countries in the region.
- The Rest of South America held about 26.5% of the market in 2022. The pet population in the Rest of South America is growing, and the pet food market in the Rest of South America is anticipated to register a CAGR of 6.9% during the forecast period.
- The rising pet population, growing demand for premium foods, and increasing awareness about health concerns in pets are anticipated to boost the growth of the South American pet food market during the forecast period.
South America 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, Brazil are covered as segments by Country.
- The South American pet food market increased by 80.7% between 2017 and 2022. The market's growth is associated with the changing economic and social landscape in the region, and the rapid increase in middle-class income levels has resulted in a surge in pet ownership and pet humanization trends, driving the demand for the pet food market.
- The dog food segment holds the largest share of the South American pet food market, with a market value of USD 7.97 billion in 2022. This dominance was associated with a significant number of pet owners transitioning from home-cooked food to commercial pet food in the region, along with the growing expenditures on dogs that increased by 33.8% between 2017 and 2022, leading to a growth of approximately 84.9% in this segment between 2017 and 2022.
- The cat food segment is expected to experience the highest growth rate in the South American pet food market, with a projected CAGR of 12.7% during the forecast period. This is owing to the significant increase in the cat population, which grew by 18.7% between 2017 and 2022. This rise in the number of cats has created a larger consumer base for cat food products. Cats are gaining popularity as pets due to their low maintenance requirements and cost-effectiveness compared to other pets.
- The other animals include birds, small mammals, rodents, and others. These animals have unique nutritional requirements that need to be fulfilled through specialized pet food products. This factor helped the pet food segment for other animals increased by 549.5 million between 2017 and 2022.
- The increasing awareness among pet owners and the growing population of pets in the region is expected to drive the pet food market during the forecast period.
| Pet Food Product | |||||||||||
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| Pets | |
| Cats | |
| Dogs | |
| Other Pets |
| Distribution Channel | |
| Convenience Stores | |
| Online Channel | |
| Specialty Stores | |
| Supermarkets/Hypermarkets | |
| Other Channels |
| Country | |
| Argentina | |
| Brazil | |
| Rest of South America |
South America Pet Food Market Size Summary
The South American pet food market is experiencing robust growth, driven by increasing pet ownership and evolving consumer preferences towards pet humanization and premium products. The market's expansion is closely linked to the region's changing economic landscape, with rising middle-class incomes fueling a surge in pet ownership and a shift from home-cooked to commercial pet food. Dogs currently dominate the market, but the cat food segment is anticipated to grow at the highest rate due to a significant increase in the cat population. This trend is supported by the growing popularity of cats as low-maintenance pets, which has expanded the consumer base for cat food products. Additionally, the market for other animals, including birds and small mammals, is also witnessing growth, driven by the demand for specialized nutritional products.
Brazil stands out as the largest market within South America, accounting for a substantial portion of the region's pet food sales, largely due to its significant pet population. Argentina is also a key player, with a market shift towards premiumization. The rest of South America is experiencing growth, albeit at a slower pace. The market is characterized by a fragmented landscape with major players like BRF Global, Empresas Carozzi SA, Mars Incorporated, Nestle (Purina), and PremieRpet holding a significant share. The distribution of pet food is primarily through offline channels, although e-commerce has seen increased adoption. The market's growth is further supported by trends such as the establishment of cat cafes and the introduction of innovative pet food products, reflecting the region's evolving pet ownership dynamics and consumer preferences.
South America Pet Food Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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1.1 Pet Food Product
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1.1.1 Food
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1.1.1.1 By Sub Product
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1.1.1.1.1 Dry Pet Food
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1.1.1.1.1.1 By Product
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1.1.1.1.1.1.1 Kibbles
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1.1.1.1.1.1.2 Other Dry Pet Food
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1.1.1.1.2 Wet Pet Food
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1.1.2 Pet Nutraceuticals/Supplements
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1.1.2.1 By Sub Product
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1.1.2.1.1 Milk Bioactives
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1.1.2.1.2 Omega-3 Fatty Acids
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1.1.2.1.3 Probiotics
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1.1.2.1.4 Proteins and Peptides
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1.1.2.1.5 Vitamins and Minerals
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1.1.2.1.6 Other Nutraceuticals
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1.1.3 Pet Treats
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1.1.3.1 By Sub Product
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1.1.3.1.1 Crunchy Treats
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1.1.3.1.2 Dental Treats
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1.1.3.1.3 Freeze-dried and Jerky Treats
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1.1.3.1.4 Soft & Chewy Treats
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1.1.3.1.5 Other Treats
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1.1.4 Pet Veterinary Diets
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1.1.4.1 By Sub Product
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1.1.4.1.1 Diabetes
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1.1.4.1.2 Digestive Sensitivity
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1.1.4.1.3 Oral Care Diets
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1.1.4.1.4 Renal
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1.1.4.1.5 Urinary tract disease
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1.1.4.1.6 Other Veterinary Diets
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1.2 Pets
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1.2.1 Cats
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1.2.2 Dogs
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1.2.3 Other Pets
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1.3 Distribution Channel
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1.3.1 Convenience Stores
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1.3.2 Online Channel
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1.3.3 Specialty Stores
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1.3.4 Supermarkets/Hypermarkets
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1.3.5 Other Channels
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1.4 Country
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1.4.1 Argentina
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1.4.2 Brazil
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1.4.3 Rest of South America
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South America Pet Food Market Size FAQs
How big is the South America Pet Food Market?
The South America Pet Food Market size is expected to reach USD 14.40 billion in 2024 and grow at a CAGR of 11.81% to reach USD 25.16 billion by 2029.
What is the current South America Pet Food Market size?
In 2024, the South America Pet Food Market size is expected to reach USD 14.40 billion.
