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South America Pet Diet Market Size

The South America Pet Diet Market is experiencing significant growth, driven by the increasing demand for veterinary diets that address specific health conditions in pets. This market expansion is largely attributed to advancements in pet nutrition science, which have led to the development of specialized diets. Dogs dominate the market share due to their large population and health needs, while other pets, including cats, are also contributing to the market's growth. Brazil holds the largest market share, supported by its high pet population and established manufacturing facilities. The market's growth is further fueled by pet owners' willingness to invest in their pets' health, with specialty stores emerging as key distribution channels.

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Market Size of south america pet diet Industry

South America Pet Diet Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.60 Billion
svg icon Market Size (2029) USD 3.04 Billion
svg icon Largest Share by Pets Dogs
svg icon CAGR (2024 - 2029) 13.70 %
svg icon Largest Share by Country Brazil
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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South America Pet Diet Market Analysis

The South America Pet Diet Market size is estimated at USD 1.60 billion in 2024, and is expected to reach USD 3.04 billion by 2029, growing at a CAGR of 13.70% during the forecast period (2024-2029).

1.60 Billion

Market Size in 2024 (USD)

3.04 Billion

Market Size in 2029 (USD)

14.90 %

CAGR (2017-2023)

13.70 %

CAGR (2024-2029)

Largest Market by Sub product

24.16 %

value share, Digestive Sensitivity, 2022

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The rising prevalence of digestive issues among pets is driving the segment, as these diets contain digestive enzymes that effectively support the healthy gut of pets.

Largest Market by Country

56.48 %

value share, Brazil, 2022

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Due to its higher pet population, the country has witnessed a higher demand for veterinary diets, especially digestive, urinary, and renal diets for pets, increasing their share.

Fastest-growing Market by Sub product

15.41 %

Projected CAGR, Oral Care Diets, 2023-2029

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The increasing prevalence of oral and dental issues among pets and the significance of these diets in promoting oral and dental health are driving the market growth.

Fastest-growing Market by Country

16.64 %

Projected CAGR, Brazil, 2023-2029

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The rising pet ownership rates and increasing consumer spending on custom-made veterinary diets based on specific pets' health in the country are driving its market growth.

Leading Market Player

13.95 %

market share, Mars Incorporated, 2022

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Mars, Incorporated is the market leader, as the company primarily focuses on launching pet-specific products for various life stages and health needs.

Dogs dominated the veterinary diets market owing to the increasing prevalence of diseases among dogs

  • Veterinary diets are specialized pet food products formulated to address specific health conditions in pets. In the South American market, the value of pet veterinary diets witnessed a significant increase of 73.7% between 2017 and 2021. This growth can be attributed to advancements in pet nutrition science and research, leading to the development of more specialized diets capable of addressing a wider range of health issues in pets. As a result, pet veterinary diets accounted for 10.6% of the South American pet food market in 2022.
  • The South American pet veterinary diet market is dominated by dogs, and they accounted for a share of 57.1% in 2022. The higher share of the dog segment is mainly due to the large population of dogs in the region compared to other pets and the increased incidence of various diseases in dogs. The value of the dog segment of the veterinary diet market is anticipated to register a CAGR of 15.6% during the forecast period.
  • Other pet animals hold the second-largest market share, reflecting the diverse requirements for veterinary diets to prevent potential health problems. The veterinary diet market for other pet animals reached a value of USD 298.1 million in 2022. It is anticipated to experience steady growth, registering a CAGR of 7.9% during the forecast period.
  • Cats held a market share of 18.6% in 2022. The cat segment of the veterinary diet market is witnessing an increasing trend, driven by the rising cat population in the region. The cat segment of the veterinary diets is projected to be the fastest-growing in the region, registering an expected CAGR of 16.1% during the forecast period.
  • The growing pet population and veterinary diets' ability to support various health conditions are anticipated to drive the market during the forecast period.
South America Pet Diet Market

Brazil dominated the veterinary market owing to its large pet population and increasing incidence of pet diseases

  • Veterinary diets play a crucial role in addressing and managing specific diseases and infections in pets, serving both preventive and curative purposes. With the growing importance of pet health and well-being, veterinary diets have gained significant importance in the region's pet food market. In 2022, veterinary diets accounted for 10.6% of the South American pet food market.
  • The market witnessed a steady increase of more than 50% between 2017 and 2022. This surge can be attributed to factors such as increased pet adoption during the pandemic and the availability of a wider range of dietary options for pets' specific needs.
  • Brazil has the largest veterinary diets market for pets, with a market value of USD 693.4 million in 2022, followed by Argentina, with a market value of USD 220.7 million in 2022. Brazil has the largest regional market share because of the high pet population as compared to other countries, well-established manufacturing facilities, and growing premiumization. For instance, in 2022, the pet population in Brazil was 156.4 million, whereas the pet population in Argentina was only 46.3 million.
  • Specialty stores have become a prominent distribution channel, accounting for 32.6% of the veterinary diets market in 2022. For instance, Petz, a leading specialty store brand in Brazil, has rapidly expanded its presence throughout the country with 138 stores and 116 veterinary clinics in 2021.
  • The availability of a diverse range of veterinary diets specifically formulated to treat various pet infections, along with pet owners' willingness to invest more in improving the health of their pets, is driving the veterinary diet market in South America, which is projected to register at a CAGR of 14.2% during the forecast period.

South America Pet Diet Industry Segmentation

Diabetes, Digestive Sensitivity, Oral Care Diets, Renal, Urinary tract disease are covered as segments by Sub 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.

  • Veterinary diets are specialized pet food products formulated to address specific health conditions in pets. In the South American market, the value of pet veterinary diets witnessed a significant increase of 73.7% between 2017 and 2021. This growth can be attributed to advancements in pet nutrition science and research, leading to the development of more specialized diets capable of addressing a wider range of health issues in pets. As a result, pet veterinary diets accounted for 10.6% of the South American pet food market in 2022.
  • The South American pet veterinary diet market is dominated by dogs, and they accounted for a share of 57.1% in 2022. The higher share of the dog segment is mainly due to the large population of dogs in the region compared to other pets and the increased incidence of various diseases in dogs. The value of the dog segment of the veterinary diet market is anticipated to register a CAGR of 15.6% during the forecast period.
  • Other pet animals hold the second-largest market share, reflecting the diverse requirements for veterinary diets to prevent potential health problems. The veterinary diet market for other pet animals reached a value of USD 298.1 million in 2022. It is anticipated to experience steady growth, registering a CAGR of 7.9% during the forecast period.
  • Cats held a market share of 18.6% in 2022. The cat segment of the veterinary diet market is witnessing an increasing trend, driven by the rising cat population in the region. The cat segment of the veterinary diets is projected to be the fastest-growing in the region, registering an expected CAGR of 16.1% during the forecast period.
  • The growing pet population and veterinary diets' ability to support various health conditions are anticipated to drive the market during the forecast period.
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
Country
Argentina
Brazil
Rest of South America
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South America Pet Diet Market Size Summary

The South America Pet Diet Market is experiencing robust growth, driven by an increasing focus on pet health and well-being. This market is characterized by a significant rise in the demand for veterinary diets, which are specialized pet food products designed to address specific health conditions. The market is predominantly led by dog veterinary diets, reflecting the larger dog population in the region and the prevalence of health issues among them. However, the cat segment is emerging as the fastest-growing category, fueled by a rising cat population and changing pet ownership trends. The market's expansion is supported by advancements in pet nutrition science, the growing pet population, and the increasing willingness of pet owners to invest in premium and specialized diets.

Brazil stands out as the largest market within the region, attributed to its high pet population, well-established manufacturing facilities, and a trend towards premiumization. The distribution of veterinary diets is primarily through offline channels such as specialty stores, pet shops, and vet clinics, although e-commerce has seen increased adoption, especially during the COVID-19 pandemic. The market is fragmented, with major players like ADM, BRF Global, Colgate-Palmolive Company, Mars Incorporated, and Nestle (Purina) holding significant shares. The ongoing trend of pet humanization and the higher consumption of premium diets are expected to continue driving market growth, as pet owners increasingly seek products that offer both preventive and curative health benefits for their pets.

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South America Pet Diet 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 Sub Product

      1. 1.1.1 Diabetes

      2. 1.1.2 Digestive Sensitivity

      3. 1.1.3 Oral Care Diets

      4. 1.1.4 Renal

      5. 1.1.5 Urinary tract disease

      6. 1.1.6 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

    4. 1.4 Country

      1. 1.4.1 Argentina

      2. 1.4.2 Brazil

      3. 1.4.3 Rest of South America

South America Pet Diet Market Size FAQs

The South America Pet Diet Market size is expected to reach USD 1.60 billion in 2024 and grow at a CAGR of 13.70% to reach USD 3.04 billion by 2029.

In 2024, the South America Pet Diet Market size is expected to reach USD 1.60 billion.

South America Pet Diet Market Report Snapshots

South America Pet Diet Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029