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South America Pet Food Market Size

The South American pet food market is experiencing substantial growth, driven by factors such as increasing pet ownership, changing consumer preferences, and heightened awareness of pet health and nutrition. The market's expansion is particularly notable in Brazil, which holds a significant portion due to its large pet population, while Argentina is emerging as a rapidly growing market with a shift towards premium products. The market's growth trajectory is supported by the rising demand for pet food across various segments, including dog and cat food, as well as specialized products for other animals.

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Market Size of south america pet food Industry

South America Pet Food Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 14.40 Billion
svg icon Market Size (2029) USD 25.16 Billion
svg icon Largest Share by Pets Dogs
svg icon CAGR (2024 - 2029) 11.81 %
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 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

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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

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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

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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

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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

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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.
South America Pet Food Market

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
Food
By Sub Product
Dry Pet Food
By Product
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
Country
Argentina
Brazil
Rest of South America
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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.

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South America 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 Product

              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

    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 Food Market Size FAQs

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.

In 2024, the South America Pet Food Market size is expected to reach USD 14.40 billion.

South America Pet Food Market Report Snapshots

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