Latin America Pet Food Market to Reach USD 21.6 Billion by 2033

Latin America Pet Food Market Overview
Market Size in 2024: USD 10.5 Billion
Market Forecast in 2033: USD 21.6 Billion
Market Growth Rate: 7.70% (2025-2033)

Latin America pet food market size reached USD 10.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 21.6 Billion by 2033, exhibiting a growth rate (CAGR) of 7.70% during 2025-2033.

Understanding Pet Food and Its Purpose

Pet food is specially crafted to provide a complete and balanced source of nutrition for our furry friends, including dogs, cats, and small mammals. It's tailored to meet the unique dietary needs of each species, packed with essential nutrients like proteins, fats, carbohydrates, vitamins, and minerals. These nutrients play a crucial role in keeping our pets healthy, supporting their growth, and boosting their energy levels. The ingredients usually feature meat byproducts, grains, vegetables, and fats, all processed to ensure they're safe and tasty. You can find pet food in a variety of forms, such as dry kibble, wet canned food, semi-moist options, and even treats.

Nutritional Components and Types

Every ingredient in pet food plays a specific role. Proteins help with growth and tissue repair, while fats give your pet energy and keep their coat healthy. Carbohydrates, often sourced from grains like rice or corn, provide energy and fiber. Vitamins and minerals are essential for regulating bodily functions, and let's not forget about water, which is especially important in dry food. There are various types of pet food out there: dry food is budget-friendly and easy to store, wet food helps with hydration, semi-moist food offers a bit of both, and treats are usually reserved for training or rewarding good behaviour.

Species-Specific Needs and Benefits

Different pets have unique nutritional needs. For instance, cats are obligate carnivores, which means they rely on animal-based nutrients like taurine. On the other hand, dogs are more omnivorous and can handle a wider variety of foods. Small mammals typically need a combination of commercial feed and fresh produce. Prepared pet food provides balanced nutrition, convenience, safety, and variety, making it much easier for pet owners to take good care of their furry friends.

Latin America Pet Food Market News

• In July 2025, ADM (Archer Daniels Midland) shut down its large pet food plant in Tres Corações, Brazil, citing cost-cutting and strategic realignment. The facility had a production capacity of 525,000 tonnes and employed over 900 workers.

• In February 2025, ADM expanded its operations in Mexico, investing approximately USD 33 million in a new pet food production line in Guadalajara, focusing on premium brands like Ganador and Minino.

• In April 2024, Petz and Cobasi, Brazil's two largest pet retailers, signed a merger agreement. The combined entity would become Brazil's largest pet retail chain with nearly 500 stores and projected revenues of over 7 billion reais.

• In early 2025, the Latin American pet food market was estimated at USD 16.2 billion, with forecasts to reach USD 28.2 billion by 2030, driven by growth in premium and functional pet food categories.

• In 2024, Mexico's pet food market reached USD 3.3 billion, with dogs representing the majority of consumption. The cat food segment saw accelerated growth with a projected CAGR of 7.2% through 2029.

• In mid-2024, regional trends showed increased demand for postbiotic and functional pet food, with the LATAM postbiotic segment projected to grow from USD 702 million in 2025 to over USD 1 billion by 2035.

• In late 2024, data showed that over 50% of Latin American pet owners continued to buy pet food in supermarkets, while e-commerce rapidly gained market share, particularly through subscription services.

• Throughout 2024-2025, Latin American pet food producers increasingly adopted sustainable practices, including plant-based ingredients, eco-packaging, and reduced carbon supply chains in response to consumer demand.

For an in-depth analysis, you can refer to a sample copy of the report:

https://www.imarcgroup.com/latin-america-pet-food-market/requestsample

Latin America Pet Food Market Report Segmentation:

Pet Type Insights:

• Dog Food
• Cat Food
• Others

Product Type Insights:

• Dry Pet Food
• Wet and Canned Pet Food
• Snacks and Treats

Pricing Type Insights:

• Mass Products
• Premium Products

Ingredient Type Insights:

• Animal Derived
• Plant Derived

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores
• Others

Country Insights:

• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others

Competitive Landscape

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Key Highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note:
If you need specific information that is not currently within the scope of the report, we can provide it as part of the customization.

Contact Us:
IMARC Group
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Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
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About Us:
IMARC Group is a leading market research company offering management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC's information products include major market, scientific, economic, and technological developments for pharmaceutical, industrial, and high-technology business leaders. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.