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)

The Latin America pet food market is witnessing robust growth, driven by rising pet ownership and increasing demand for premium, nutritious products. Key players are focusing on innovation and tailored formulations to meet evolving consumer preferences across the region. The 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.

Latin America Pet Food Market Trends and Drivers:

The Latin America pet food market is growing fast. This growth comes from changing buyer habits and a greater focus on dog health and wellness. Pet owners want products that offer key nutrition and health benefits for their pets. This shift is pushing producers to create new formulations. They are adding purposeful elements like probiotics, antioxidants, and omega-3 fatty acids. These ingredients support digestive health, joint health, and skin and coat health. The trend of preventive healthcare for pets is changing the market. It encourages the creation of specialized products that address various health issues.

Brazil, Mexico, and Chile are boosting market growth in the region. Brazil has a large puppy population. There is growing demand for premium and unique pet food products. This trend shows a cultural shift where pets are seen as family members. More middle-class people and rising disposable income are driving this trend. Pet owners want to spend more on high-quality pet food that focuses on health and nutrition. In Mexico, puppy grocery stores are thriving. This is due to the rise in dog and cat food production. Also, e-commerce platforms are becoming popular. They offer convenience and a wide variety of choices. Chile’s puppy care business is thriving due to the puppy humanization trend. They’ve seen great growth in approving imported pet food products, especially dog food.

The marketplace is seeing a rise in demand for clean, classified, and vegan pet food. Customers are becoming more aware of ingredient sourcing and quality. Manufacturers are diversifying their product lines. They now offer herbal-based options and grain-free formulations. Online shopping is convenient. Puppy owners can now find premium pet food more easily. Low prices and personalized options make it simple. This virtual shift is backed by the rise of e-trade systems. Marketplace players are working with retail shops, which boosts overall market growth. The puppy grocery store in Latin America is changing. These changes will shape its future. They offer many chances for innovation and growth.

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.

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

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

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.

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