Latin America Pet Food Market to Surge 7.70% CAGR, Reaching USD 21.6 Billion by 2033 - Latest Report by IMARC Group

Latin America Pet Food Market Overview in 2025

Market Size in 2024: USD 10.5 Billion
Market Forecast in 2033: USD 21.6 Billion
Market Growth Rate 2025-2033: 7.70%

The Latin America pet food market reached USD 10.5 Billion in 2024 and is projected to grow steadily, reaching USD 21.6 Billion by 2033. The market is expected to expand at a CAGR of 7.70% during 2025-2033, driven by rising pet humanization, demand for premium nutrition, and the growing adoption of functional ingredients that support pet health and wellness.

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Growth Drivers of the Latin America Pet Food Market

Rising Pet Humanization and Lifestyle Shifts

People own pets more in Latin America, and pets increasingly become part of the family within it. In Brazil, according to the Brazilian Institute of Geography and Statistics or IBGE, more than 149 million pets exist there. Brazil has a large number of urban people in the world. This trend creates demand in specialty pet food. The pet food is premium and high-quality. It mirrors the human food market. It also follows trends toward natural ingredients, organic ingredients, and functional ingredients. This trend is now being seen in pet foods where the manufacturers have diversified their products.

Expansion of E-commerce and Digital Retail Channels

E-commerce has had an important impact on the Latin American pet food industry. Mercado Libre and Amazon.com exist as large online retailers. They expanded product lines in the pet care segment. They offer pet food online. In Mexico, e-commerce sales saw an increase greater than 20% in 2023. The pet food market exists inside the fastest-growing sectors. Subscription of pet food to guarantee supply and retain customers is gaining great popularity. Digitizing also eases the purchase of premium and specialty products for consumers in urban and semi-urban areas.

Government Regulations and Focus on Pet Health

Latin America also regulates more since the Ministry of Agriculture, Livestock and Food Supply (MAPA) in Brazil enforces stricter labeling and nutritional standards to ensure pet foods possess high quality and are safe, and to support consumers who feel confidence in the market. Veterinary agencies advocate nutrition that balances with preventive care. Owners have more consciousness of pet health. This consciousness creates a market in scientifically formulated foods. Products comply with safety protocols which increased user confidence. This led to introducing even more specialized, differentiated, and premium pet foods in response to the market demands that grow.

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Latin America Pet Food Market Segmentation

Analysis by Pet Type

• Dog Food
• Cat Food
• Others

Analysis by Product Type

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

Analysis by Pricing Type

• Mass Products
• Premium Products

Analysis by Ingredient Type

• Animal Derived
• Plant Derived

Analysis by Distribution Channel

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

Analysis by Country

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

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Latin America Pet Food Market News

• In 2024, Nestlé Purina expanded its production facility in Brazil to meet the rising demand for premium pet food products.
• Mars Petcare launched new functional pet food lines in Mexico, focusing on digestive health and weight management.
• E-commerce platforms across Latin America reported double-digit growth in pet food sales, driven by subscription-based delivery models.
• Governments in Brazil and Mexico introduced stricter labeling and nutritional standards for pet food to enhance consumer trust.
• Regional startups are entering the market with organic and plant-based pet food options, catering to sustainability-conscious consumers.

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 to you as part of the customization.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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