Pet food is specially produced food from plants and animal extracts that provides essential nutrition to the pets. Rising pet owners preference to healthy and organic foods bundled with innovations in functionality are the key factors that have positively affected the pet foods industry. Customers’ interest in natural formulations has encouraged companies to further expand their product mix by launching products with natural ingredients. Brands with formulas free of artificial colors and flavors are positively perceived in the market. Customers increasingly consider their pets to be members of the family and are willing to pay for higher-priced pet food.
South America pet food market is majorly driven by rising pet humanization and pet health concern among pet owners. These factors largely influence the buying decisions of customers. With favorable economic conditions as well as increasing awareness on healthy pet food, the demand for functional food with premium quality has witnessed brisk growth in the recent years. Additionally rising obesity in pets with high fat content food, people getting allergic from pets and rising prices for feeding pets are restraining the growth of the South America pet food market.
South America pet food market is categorized by pet, by food type, by distribution channel and by countries in this report. The report covers market analysis of pet food based on different pets such as Dog, Cat, Bird and Fish. On the basis of type the pet food is categorized as dry food, wet food and treats & snacks. The report provides detailed analysis on distribution landscape and potential of various distribution channels regarding pet food market. Country specific trends and growth prospects are covered in this report. Key players in the South America pet food market are Nestlé Purina PetCare Co., and Mars Inc. ”
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